Vice President – Control & Support Audit Scaleneworks

The Corporate Institute; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

The Corporate Institute in Mumbai is seeking a Senior Auditor to provide independent assurance over the effectiveness of the bank's Finance functions and to lead end-to-end internal audits from planning to reporting. You will test controls across accounting entries, general ledger management, and statutory reporting.

Utilize data analytics tools to identify anomalies, review RBI submissions, and advise senior management on improving control environments and risk management processes.

Qualifications

• Experience in leading internal audits of Finance and Procurement functions.
• Familiarity with regulatory reporting and RBI regulations is a plus.

Responsibilities

• Lead and execute internal audits of Finance and Procurement from planning to reporting.
• Audit reconciliations and identify un-reconciled items posing financial risk.
• Review RBI reporting accuracy and timeliness, including CRR/SLR calculations.
• Identify control gaps and provide actionable recommendations.
• Develop audit reports for Audit Committee and Executive Management.
• Track remediation of audit findings with stakeholders.

Skills

Auditing

Risk assessment

Stakeholder management

Data analytics

Tools

IDEA

ACL

Power BI

Job description

Job Summary:

The Senior Auditor provides independent, objective assurance on the effectiveness of the banks Finance functions. The role involves testing end-to-end controls for accounting entries, general ledger management, and statutory reporting.

Key Responsibilities:

Audit Execution & Risk Assessment:

• Lead and execute comprehensive internal audits of Finance and Procurement functions from planning to reporting, in accordance with auditing and accounting standards.
• Audit Inter-branch and Inter-bank account reconciliations, identifying and reporting unreconciled long-outstanding entries that may pose financial risk.
• Evaluate the adequacy of the banks Risk Management Framework.
• Review the accuracy and timeliness of periodic returns submitted to the RBI, including CRR/SLR calculations.
• Conduct audits to ensure adherence to regulatory requirements (e.g., RBI Regulations, Tranche I, II and III).
• Scrutinize Suspense Accounts and transit accounts for long-outstanding items.
• Identify control gaps and emerging risks within the control functions, providing actionable recommendations to enhance control effectiveness.

Stakeholder Management & Advisory:

• Build and maintain strong relationships with senior management within the Business, Finance, IT, Risk and Compliance departments, acting as a trusted advisor.
• Review and report on the effectiveness of the Business Heads oversight.

Reporting & Follow-up:

• Prepare high-quality audit reports detailing findings, risks, and recommendations for the Audit Committee and Executive Management.
• Track and validate the remediation of audit findings by stakeholders to ensure timely closure.

Data Analytics & Process Improvement:

• Utilize data analytics tools (e.g., IDEA, ACL, Power BI) to perform continuous auditing and identify anomalous trends in risk management.
• Contribute to the continuous improvement of the Internal Audit methodology.