Team Lead – Central Functions & Thematic Audits – Banking NovoTree Minds Consulting

The Corporate Institute; Mumbai; In loco; INR 3.000.000 - 6.000.000; Tempo pieno

Descrizione del lavoro

The Corporate Institute in Mumbai seeks a seasoned Team Lead for Central Functions and Thematic Audits to oversee risk-based audits across central offices, retail banking operations and transaction banking.

You will design audit strategies, implement continuous monitoring and provide value-added assurance to senior management while ensuring RBI regulatory alignment and strong internal controls.

Experience with data analytics, process improvements and vendor or outsourcing audits is desirable.

Competenze

• At least 15 years of post-qualification experience in internal audit for banks/NBFCs.
• Experience with RBI/SEBI regulatory requirements and statutory audits.
• Strong understanding of risk assessment, control design, and governance frameworks.

Mansioni

• Lead audits of Central Functions, Retail Banking Operations and Transaction Banking.
• Develop and implement continuous monitoring and thematic audit programs.
• Identify focus areas from triggers such as external events and fraud indicators.
• Establish reporting dashboards for governance and risk management.
• Collaborate with function heads to strengthen controls and address risks.

Conoscenze

Team Leadership

Banking Audit

RBI Regulations

Risk-Based Audits

Data Analytics

Formazione

CA

MBA Finance

CFA

Descrizione del lavoro

About the Role:

The role involves:

• Proactively manage the audits of regulatory risk areas covering Central Office, Business Function, Retail Banking Operations and Transaction Banking Operations in tandem with the continuous strategic developments and undertake internal audit activities in accordance with the Bank's Policies, Procedures, Regulatory requirements, Internal Audit Standards and leading practices.
• Developing audit strategies and audit plans based on risk assessment and regulatory framework, ensuring use of advanced auditing concepts and extensive use of technology and data analysis for achievement of the audit objectives.
• Develop and implement an effective continuous monitoring framework for the internal audit department to provide value added assurance to the Senior Management on key governance, risk management and control processes for areas relating to Information Security, Central and Business Functions, Revenue Leakage and Cost Control.

Key Responsibilities:

• Develop strategies and plan for conducting audits of Central Functions, retail and transaction banking operations covering Business functions, support function, transaction processing centres, operation units, etc. as per RBI guidelines and conduct special projects in mitigating risks and strengthening controls.
• Develop and implement an effective continuous monitoring process for conducting the Thematic Audit and provide value added assurance to the Senior Management on key governance, risk management and control processes for areas relating to Central Office, Business Functions and Retail Banking Operations.
• Develop and implement strategies to identify and conduct focused Snap audits based on triggers relating to external events, serious irregularities, frauds, customer complaints, High risk indicators, etc.
• Establish reporting frameworks such as a risks and controls dashboard, analysis and reporting to Senior Management.
• Liaise with business and support Units head to identify key strategic and operational areas.
• Review the assessment of adequacy of internal control systems, policies, and processes and review the recommendations, whether are in line with the risk identified and conclusive enough to address the issue.
• Provide creative and proactive resolution of control issues relating to significant areas of risk in a manner consistent with corporate goals, strategies, values and leading practices.
• Contribute advisory assignments relating to organizational activities, process development/improvement.

We are looking for a Candidate for Team Lead Role for Central Functions and Thematic Audits.

In these Verticals, they are performing audits for various Centralized Functions in the Banks such as:

• Finance and Accounts
• Corporate Secretarial Function
• Insider Trading Regulatory requirements
• Compliance Function
• Legal Function
• Financial Crime Intelligence
• Fraud Investigation and Vigilance Unit
• Audit of Outsourcing of Financial Services and Vendor Audit
• Audit of Vendor Management
• Centralised Procurement Unit
• Corporate Real Estate Services
• CAPHUB - Vendor Payment Processing
• Marketing
• Administration
• Corporate Communication
• Investor Relations
• Centralised Cheque Clearing System
• Corporate Social Responsibility
• Sustainability Reporting
• HR Function (i.e. various Theme based Audits such as Payroll, Surprise Mandatory Leave, Recruitment, Exit Management, Staff Rotation, Training etc)
• Audit of Critical Process - Internal Office Accounts
• Internal Ombudsman
• Complaint Management
• Phone Banking
• Customer Service
• Centralised Transaction Reconciliation Services
• Board and Board Governance Committee Meetings

They perform Risk Based Audits in these areas and check adherence to key regulatory requirements applicable to the respective function, as part of our audits.

They are looking for a Candidate with at least 15 years of post-qualification experience (Qualified CA / CFA / MBA Finance from Premiere Institutes etc) with requisite Banking Audit experience in Internal Audit of Banks / large size NBFCs / Candidate working in Internal Audit of Peer Banks / large size CA Firms / have experience of Statutory Audit of Banks / NBFC etc. in the abovementioned areas and have relevant understanding of RBI / SEBI regulatory requirements etc.