Head - Internal Audit

Job Title : Head - Internal Audit - Trade Finance

Years of Experience -15 to 20 years out of which at least 10 years of experience in the Trade Finance audit / Trade Finance Operations in the medium to large commercial banks in India

Location : Mumbai

Qualification : MBA or Chartered Accountant

Responsibilities include :

- Responsible and accountable for conducting internal audits of Trade Finance business for domestic operations, IFSC Business Unit (IBU), and other internal audits conducted by Financial Markets audit vertical in Internal Audit Department (IAD).

- Hands-on experience of Trade Finance Business and Operations, products, processes and in-dept knowledge of RBI and FEMA regulations pertaining to Imports, Exports, FDI, ODI, LC, BG, SBLC, remittances, Nostro, Vostro accounts, Inland Trade, regulatory returns, KYC-AML guidelines etc. is mandatory.

- Ensure to get the internal audits conducted in a time-bound manner as per the approved Risk Based Audit Plan, Internal Audit Policy and Internal Audit Process and documentation of audit work-papers/records.

- Conduct the audits as per the scope of the audits which covers aspects of governance framework, policies, processes, business, products, risks, operations, information security, business continuity etc.

- Interpret the regulatory guidelines and its applicability and implementation by the Bank.

- Audit verification Risk Based Supervision (RBS) submissions related to Trade Finance

- Apply experience, knowledge and understanding to continuously improve the effectiveness of internal controls and efficiency in the audit processes

- Lead the audit teams and ensure constant improvement in the skillset of the team-members

- Oversight of concurrent audit of Trade Finance and other areas under the domain of Financial Markets audit vertical in IAD which includes :

- Ensure submission of concurrent audit reports on time by the Concurrent Auditors

- Ensure regular update of concurrent audit checklists

- Ensure appropriate review of concurrent audit reports and issues

- Ensure timely follow-up and resolution of concurrent audit issues