Statutory Auditor – BFSI – CA Talent Corner HR Services

The Corporate Institute; Mumbai; On-site; INR 1,200,000 - 2,100,000; Full time

Job summary

The Corporate Institute is seeking an experienced Chartered Accountant to lead audits of banks and NBFCs in Mumbai. You will plan and execute audits, assess risks, test controls, and document findings for management and regulatory authorities.

The role requires 5–10 years in BFSI audit, deep knowledge of RBI guidelines and accounting standards, and strong analytical and communication skills to interact with clients and audit committees.

Qualifications

• Qualified Chartered Accountant with 5–10 years of audit experience in BFSI (banks/NBFCs).
• Strong knowledge of auditing standards, regulatory requirements relevant to banking and NBFCs.
• Proven ability to plan and execute audits, assess risks, test controls, and document results.

Responsibilities

• Plan and execute audits of banks and NBFCs in line with standards and regulations.
• Assess regulatory compliance with RBI guidelines and accounting standards; implement changes.
• Analyze financial statements and prepare audit reports with findings and recommendations.
• Interact with senior management and audit committees to discuss issues and recommendations.

Skills

Analytical skills

Problem-solving

Communication skills

Teamwork

Attention to detail

Education

Chartered Accountant

Job description

Job Description:

Role & Responsibilities:

Audit Planning and Execution:

• Plan and execute comprehensive audits of banks and NBFCs in accordance with auditing standards and regulatory requirements.
• Conduct risk assessment and develop audit programs to address key audit risks and objectives.
• Perform detailed testing of financial transactions, controls, and processes to ensure accuracy and compliance.
• A strong eye for detail is essential in auditing to ensure accuracy and completeness in reviewing financial records and identifying discrepancies or irregularities.

Regulatory Compliance:

• Review and assess compliance with regulatory requirements, including banking regulations, RBI guidelines, and accounting standards.
• Stay updated on regulatory changes and updates affecting the BFSI sector and incorporate them into audit procedures.
• Provide recommendations to clients for enhancing compliance and mitigating regulatory risks.

Financial Analysis and Reporting:

• Analyze financial statements, including balance sheets, statement of profit & loss, and cash flow statements, to identify anomalies, trends, and areas for improvement.
• Prepare detailed audit reports highlighting findings, recommendations, and observations for management and regulatory authorities.
• Communicate audit results and insights effectively to clients, addressing any concerns or queries they may have.

Stakeholder Management:

• Interact with key stakeholders, including senior management, audit committees, regulatory authorities, and client personnel, to discuss audit findings and recommendations.
• Build and maintain strong relationships with clients, demonstrating professionalism, integrity, and expertise in auditing.

Qualifications:

• Qualified Chartered Accountant with 5 – 10 years of audit experience in the BFSI sector, with a focus on banks and NBFCs.
• In-depth knowledge of auditing standards, regulatory requirements, and accounting principles relevant to the banking and NBFC industry.
• Proven experience in planning and executing audits, including risk assessment, testing, and documentation.
• Strong analytical skills with the ability to interpret complex financial data and identify audit issues and opportunities.
• Strong problem-solving skills to address issues efficiently and propose effective solutions.
• Excellent communication and interpersonal skills, with the ability to interact effectively with clients and colleagues.
• Ability to work independently and as part of a team, managing multiple engagements and deadlines effectively.