Head - Credit Audit - Wholesale Banking

Head- Credit Audit- Wholesale Banking

Objective:

To conduct comprehensive Risk based internal audit of wholesale banking business, Credit underwriting and Risk function and manage the vertical in accordance with Internal Audit Policy and professional standards for auditing and thereby provide assurance to the management and the audit committee. Identify areas for improvement with the objective to safeguard assets, enhance risk management practices, and promote adherence to internal policies and procedures, ultimately contributing to the overall effectiveness and integrity of the bank's wholesale banking Business.

Responsibilities :

- Oversee the implementation of the approved audit plan, ensure proper resourcing for implementation of the plan, and adjust the plan as needed in response to changes in business risks, programs, systems and controls in consultation with IAD Strategy Head.

- Ensure methodical documentation of work plans, testing results, conclusions and recommendations. Ensure follow up on findings and corrective actions.

- Provide technical assistance with investigations, special audits, and provide subject-matter expertise as needed.

- Remain current on audit and regulatory oversight trends and develop a risk based approach incorporated into the annual audit plan.

- Work closely with the IAD Strategy team to perform Business Unit -wide risk assessments to identify significant risks or exposure related to internal controls or compliance with Bank's policies and procedures, laws and regulations. Provide feedback and recommendations on business risks and improving operational efficiencies and processes where appropriate.

- Direct the work of Concurrent auditors on select audits, as directed by the CIA to ensure the audit work remains within the prescribed guidelines.

- Coordinate and assist with the preparation of Audit Committee materials. Participate in quarterly or more frequent Audit Committee meetings

- Drive Unit-wide training based on gaps identified to ensure adherence to Bank's practices and policies. Stay abreast of emerging trends and successful practices in internal audit related to the Business, credit and Risk function.

- Collaborate with other departments within IAD and line 2 to ensure alignment of audit activities.

- Establish and assign departmental goals to team members and evaluate their performance.

- Responsible for coaching, mentoring, and developing career paths for direct reports