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