Internal Audit:Head - Gift City Audit

About Department
Internal Audit function of the Bank operates independently under the supervision of the Audit Committee of the Board and is responsible for providing an independent view to the Board of Directors and Senior Management on the quality and efficacy of the internal controls, risk management systems, governance systems and processes in place on an on-going basis. This primarily ensures that the business and support functions are in compliance with both internal and regulatory guidelines
About the Role
The Internal Audit Head - IFSC Banking Unit (IBU), GIFT City is the resident audit representative responsible for independently assessing the adequacy and effectiveness of governance, risk management and internal controls across the IBU. The role will plan and execute risk-based audits, regulatory and thematic reviews, monitor closure of audit issues, and provide timely assurance and insights to Central Office Internal Audit and relevant governance forums.
In addition, the role holder will conduct domestic credit audits and other assignments allocated by Central Office, including borrower-level, portfolio, process and thematic reviews.
Key Responsibilities
 Own the audit universe and risk assessment for the IBU and prepare a risk-based audit plan for approval by Central Office Internal Audit, considering the nature, scale and complexity of activities and emerging risks.
 Plan, lead and execute end-to-end audits of the IBU
 Assess compliance with applicable IFSCA regulations and Banking Handbook directions, RBI requirements and other regulations.
 Evaluate the design and operating effectiveness of controls relating to credit appraisal, sanction, documentation, disbursement, end-use monitoring, covenant compliance, portfolio monitoring, asset classification, provisioning, early warning signals, stressed assets and recovery.
 Review treasury, liquidity and market-risk controls, including dealing-room
 Review operational resilience and technology controls, including information security,
 Ensure timely commencement and closure of audits, adequate scoping and sampling, maintenance of audit evidence and working papers, and preparation of clear, risk-rated and actionable audit reports/synopses.
 Engage with IBU management to discuss observations, establish root causes and agree practical corrective actions without compromising audit independence or the severity of issues.
 Monitor and validate closure of audit observations, regulatory findings and recurring issues escalate overdue, high-risk or inadequately addressed matters to Central Office Internal Audit and the appropriate governance authority.
 Coordinate with concurrent auditors, statutory auditors, compliance, risk, vigilance and specialist/internal audit teams review the quality and coverage of concurrent audit and avoid material gaps or duplication.

Qualifications
 Chartered Accountant / Cost and Management Accountant / MBA (Finance) or equivalent professional qualification.
 Relevant certification such as CIA, CISA, FRM or CAMS would be an advantage.
 Preferably 7-15 years of experience in banking, internal audit, credit, risk, treasury or regulatory compliance, with meaningful exposure to wholesale/international banking and credit audit.

Role Proficiencies:
 Strong understanding of wholesale and cross-border credit, credit risk management, treasury and markets, trade finance, banking operations, financial reporting and regulatory returns.
 Ability to independently perform risk assessment, define audit scope, test controls, analyse exceptions, determine root cause and articulate risk and impact.
 Sound knowledge of risk-based internal audit principles, audit documentation standards, issue-rating methodology and closure validation.
 Strong analytical capability, professional scepticism and judgement, with the ability to identify emerging, systemic and conduct risks.
 Excellent written and verbal communication, stakeholder management and presentation skills, including engagement with senior management, regulators and assurance functions.
 Ability to maintain independence, confidentiality and integrity while constructively challenging business and control functions.
 Proficiency in Excel, data analytics and database interrogation ability to use technology-enabled audit techniques and analyse large datasets.