Branch Auditor - Banking/Retail Liabilities/Transaction/UPI/Payments

Responsible for assessing and ensuring the accuracy, legality, and compliance of financial transactions, records, and processes within a specific branch of the payments bank. Here's an overview of the job profile:

Job Responsibilities :

1. Financial Auditing: Conduct thorough audits of financial transactions, documents, and records to verify their accuracy and adherence to regulatory guidelines and internal policies.

2. Compliance Checks: Ensure that all transactions and activities conducted within the branch comply with the regulations and guidelines set forth by the Reserve Bank of India (RBI) and other relevant regulatory authorities.

3. Risk Assessment: Identify and evaluate financial and operational risks within the branch's operations. This involves assessing the adequacy of internal controls and proposing measures to mitigate potential risks.

4. Internal Controls Review: Review the branch's internal control systems to ensure they are robust and effective in preventing fraud, errors, and irregularities. Recommend improvements if necessary.

5. Documentation Review: Examine documents related to customer accounts, transactions, loans, and other financial products to ensure accuracy, completeness, and proper authorization.

6. Account Reconciliation: Verify the reconciliation of various accounts, such as cash, deposits, and loans, to ensure they match the corresponding records and ledgers.

7. Audit Reports: Prepare detailed audit reports that outline findings, observations, and recommendations. These reports are usually shared with branch management, senior management, and regulatory authorities.

8. Communication: Communicate audit findings and recommendations to branch management and collaborate with them to implement corrective actions or improvements.

9. Fraud Detection: Identify and investigate any potential fraudulent activities within the branch's operations and transactions.

10. Regulatory Compliance: Stay updated with the latest RBI guidelines, rules, and regulations related to payments banks and banking operations. Ensure the branch's activities align with these requirements.

Qualifications and Skills :

- A bachelor's degree in finance, accounting, commerce, or a related field.

- Professional certifications such as Chartered Accountant (CA), Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA) can be advantageous.

- Strong knowledge of financial regulations, banking operations, and auditing standards.

- Analytical and problem-solving skills to identify discrepancies and assess risks.

- Attention to detail and accuracy in evaluating financial records and documents.

- Communication skills to effectively convey audit findings and recommendations.

- Familiarity with banking software and technology systems.

- Ethical integrity and a commitment to maintaining confidentiality.