Associate/AVP - Risk/Internal Audit

Job Title : Associate/AVP - Risk Based Internal Audit

Location : Mumbai

Experience Required : 7+ Years

About the Role:

- As an Associate/AVP in Risk Based Internal Audit at a leading bank, you will play a crucial role in ensuring the integrity and effectiveness of internal controls, processes, and risk management practices.

- Your responsibilities will include planning, executing, and reporting on comprehensive audits to provide valuable insights and ensure compliance with regulatory standards and internal policies.

Key Responsibilities:

Audit Execution:

- Lead and conduct end-to-end audits across a diverse portfolio, from planning to reporting.

- Design audit programs, develop audit test plans, and execute testing to evaluate the effectiveness of controls and processes.

- Ensure audit assignments are completed within established timelines and to high-quality standards.

Risk Evaluation:

- Assess the design and operational effectiveness of internal controls and processes.

- Develop and execute audit tests to evaluate control effectiveness and identify areas for improvement.

- Provide actionable recommendations to mitigate identified risks and enhance operational efficiency.

Reporting and Communication:

- Prepare detailed audit reports that clearly articulate findings, recommendations, and risk implications.

- Communicate audit results to relevant stakeholders and escalate issues in a timely and appropriate manner.

- Ensure that audit findings are presented concisely and effectively to management and other relevant parties.

Regulatory and Industry Awareness:

- Stay informed about regulatory changes, industry trends, and emerging risks through continuous monitoring and research.

- Integrate knowledge of regulatory requirements and industry best practices into audit planning and execution.

Data Analytics and Solutions:

- Develop and utilize data analytics tools and methodologies to enhance audit effectiveness and efficiency.

- Build reusable analytics solutions that benefit both Internal Audit and other business units.

- Leverage data-driven insights to inform audit strategies and support decision-making.

Continuous Improvement:

- Foster a culture of continuous improvement by recommending enhancements to audit processes and methodologies.

- Collaborate with internal teams and external auditors to align on audit objectives and approaches.

Qualifications:

- Bachelor's degree in Accounting, Finance, Business Administration, or a related field.

- Advanced degrees or professional certifications (e. , CPA, CIA) are preferred.

- Minimum of 7 years of experience in internal auditing, risk management, or a related field, preferably within the banking or financial services industry.

- Proven expertise in risk-based auditing, control assessments, and compliance testing.

- Strong analytical and problem-solving skills, with the ability to interpret complex data and present findings effectively.

- Excellent written and verbal communication skills, with the ability to interact with senior management and stakeholders.

- Proficiency in data analytics tools and audit software.