Audit Assistant

Role & responsibilities:

• Conduct day-to-day concurrent audit of assigned bank branches/departments, verifying transactions for compliance with RBI guidelines, internal policies, and regulatory norms
• Check adherence to KYC/AML norms, loan documentation, sanction terms, and disbursement processes
• Verify cash transactions, remittances, forex dealings, and treasury operations as applicable to the branch/vertical assigned
• Identify irregularities, control gaps, and process deviations, and report them promptly to the engagement partner/manager
• Prepare and maintain audit working papers, checklists, and observation trackers
• Draft audit observations and assist in preparing periodic (monthly/quarterly) concurrent audit reports
• Follow up on closure of previous audit observations and compliance status
• Coordinate with branch staff and bank officials professionally to gather information and resolve queries
• Stay current with RBI circulars, banking regulations, and updates relevant to concurrent audit scope

Preferred candidate profile: Preference shall be given to candidates with experience in bank concurrent audits