Internal Risk Management Auditor- Mumbai

Job Title: Internal Risk Auditor / Governance

Location: Thane / Goregaon, Mumbai
Work Mode: Hybrid
Notice Period: Immediate Joiners to 30 Days
Relocation: Candidates who require relocation will not be considered

Job Summary

We are looking for an experienced Internal Risk Auditor / Governance professional with strong exposure to Market Risk and Counterparty Risk within the banking or financial services industry.

The role involves reviewing risk-related processes and controls, preparing end-to-end process documentation, identifying control gaps, ensuring audit and regulatory alignment, and driving process improvements.

Key Responsibilities

• Create and maintain end-to-end process maps, SOPs and work instructions for Market & Counterparty Risk processes.
• Document processes related to pricing, valuation, limit monitoring, collateral management and other risk activities.
• Capture process flows, data flows, system interfaces and user responsibilities.
• Review processes against internal audit findings, risk policies and regulatory requirements.
• Identify control gaps, process weaknesses, redundancies and improvement opportunities.
• Maintain proper audit trails, documentation and version control.
• Work closely with Risk, Front Office, Operations, IT and Compliance teams to validate processes and controls.
• Conduct discussions/workshops with stakeholders to understand existing processes and undocumented knowledge.
• Support continuous improvement and identify opportunities for process automation and efficiency.
• Maintain process documentation in platforms such as Confluence / SharePoint.
• Prepare governance/status reports for senior stakeholders and audit committees.
• Develop process guides and training material for new team members.

Required Skills & Experience

• 79 years of experience in Internal Audit, Risk Audit, Risk & Controls or Governance.
• Strong experience in Banking / Financial Services / Investment Banking.
• Good understanding of Market Risk and Counterparty Risk.
• Exposure to financial-market products such as:
  
• Derivatives
• Securities Financing
• Collateral Management
• Valuation / Pricing
• Limit Monitoring
• Credit Valuation Adjustment (CVA)
• Strong understanding of risk controls, audit processes and governance frameworks.
• Experience in process mapping and process documentation.
• Strong analytical and problem-solving skills.
• Excellent written and verbal communication skills.
• Ability to interact with Risk, Front Office, IT, Operations and Compliance stakeholders.

Technical Skills

• MS Excel
• MS Word
• Visio / Lucidchart / ARIS
• Confluence / SharePoint
• Knowledge of risk-management systems such as Murex, Calypso or Bloomberg is an advantage.

Education

Bachelor’s degree in Finance, Business Administration, Economics or a related field.

Professional certifications such as CIA, CPA or FRM will be an added advantage.

• Important: Only candidates currently based in Mumbai / nearby locations will be considered. Candidates requiring relocation will not be considered.