Head - Internal Audit - Bank - CA/CS/ICWA

Our client is a Bank so only candidates with Banking experience of at least 15 years need to apply

ROLE PURPOSE & OBJECTIVE:

- This role will build, manage and control a robust Internal Audit function, that will assess and make appropriate recommendations to improve the governance processes on business decision making, risk management and control; promote appropriate ethics and values within the organization; and ensure effective performance management and staff accountability, etc.

- Provide timely information to the Audit committee of the Board on the adequacy and effectiveness of the Bank's internal control systems and Compliance with RBI regulations, policies and set standards

KEY RESPONSIBILITIES OF THE ROLE

- Formulate the Internal-Audit framework for the Bank, in consultation with and as per the directive of the Audit Committee of the board

- Based on regulatory environment changes, suggest suitable amendments to the Internal Audit framework

- Discuss the queries raised with HODs and Business Heads on the details of the audit findings and resolution mechanisms

- Review the MIS dashboard of audit completion, reporting statuses and list of findings with timelines for closure

- Escalate critical cases in which Audit findings are not closed within timelines

- Maintain adequate audit staff strength with sufficient knowledge, experience, professional

qualifications and appropriately skilled resources to deliver as per the plan.

Educational Qualifications:

- Post-graduation in Commerce, Economics or Management or professional qualification such as CA (preferably CISA/ DISA certified) / CS/ ICWA

Functional Skills:

- Knowledge of operating model of Banks, NBFCs

- Knowledge of Bank Branch Audits, Functional Audits, Concurrent Audits and Management Audits