Unit Head-COE & Audit Strategy

Job Role:

Unit Head-COE & Audit Strategy

Location:

Corporate Office (Sandoz House - Worli)
Job Function:  Internal Audit
Team:  Centre of Excellence & Audit Strategy

PURPOSE OF THE JOB
Assist Head-COE in supervising the Internal Audit function
Implement and monitor various central level activities for the internal audit function to ensure accurate regulatory, Audit Committee and management reporting.
Collaborate with Regional/Zonal audit heads including internal and external stakeholders to ensure high-quality audit function.
Value additions by suggesting areas of development / improvement / automation.

KEY RESPONSIBILITIES
Audit Committee reporting:
Preparation / review of notes to the Board and Audit committee along with presentation under guidance of Head-COE
Liaison with Secretarial for submission of notes to the Board and Audit Committee

Planning and Budgeting:
Conduct Risk Assessment across Businesses (for the purpose of Audit planning) by collaborating with audit Reginal/Zonal heads and external stakeholders, as required
Review of manpower budgeting and risk categorization of branches / units on an annual basis and suggest areas of development / improvement, if any
Review of Audit Policy / Audit Plan / Audit Manual as per frequency
Review of quarterly dynamic risk assessment
Assist GH in review of promotions and appraisals during the year

Regulatory submissions:
Liaison with Compliance for RBI Inspection indent/ Statutory auditor/ RBI Inspection indent/ US GAAP auditor indent/ External review indent collation & reporting etc.
Timely and accurate submission of information to statutory auditors /RBI inspectors/SOX auditors, including liaising the auditors under guidance from Head-COE
Collate data for RBS Tranches, RBI inspections, external auditors, and other regulatory submissions.
Monitoring Certifications by GH – IAD and ensuring timely submission

Monitoring:
Monitoring Audit Plan vs Actual (Audit lifecycle monitoring)
Review and monitoring of Open audit observations
Ensuring the preparation/review and monitoring the quarterly audit calendar and annual audit plan/manual via Servicenow system

Collaborative activities:
Effective and timely collaboration with internal and external stakeholders for regulatory and management reporting
Build a robust and effective team by providing necessary training and create bench strength
Keeping abreast of industry standards and regulatory guidelines / regulation and dissemination within the team
Ensure system implementation and timely change management

Educational Qualifications
Graduate/MBA

Key Skills
An analytical bent of mind, meticulous, detailed research-oriented approach for root-cause analysis of the problems/issues identified
A problem-solving approach to add value/guidance/support to business/functions to bring operational efficiency/maximize resource utilization
Excellent command on MS office especially Advanced MS Excel and Power Point
Knowledge of related areas of operations/RBI guidelines on banking operations would be preferred
Experience Required
10-15 years’ experience in related field

Major Stakeholders
Staff of various departments including staffs within the department