Head - Internal Audit - BFSI

Job description

Roles and ResponsibiliRoles & Responsibilities :

- Organizes, directs, and controls the Internal Audit and their works

- Develops & Implements risk based audit framework as well as enterprise risk management.

- Prepares strategic audit plans.

- Reviews existing as well as new projects, services and procedures to ensure compliance with regulatory authority.

- Suggests policy and procedure changes or review as appropriate

- Reviews and evaluates corrective measures for satisfaction of audit findings as well as monitors adequacy of corrective procedures.

- Plans and supervises auditing programs.

- Develops risk-rating system for departments

- Prepares comprehensive audit checklists.

- Good in depth knowledge of various kinds of risk, such as Business, Regulatory, Financial, Environmental, Geographical, etc.

- Supervise Branch visits by team to verify the quality, quantity and inventory of pledged gold and cash. Check authenticity of transactions and adherence to systems and procedures by scrutinizing the transactions put through the relevant inspection period including handling ornaments

- To verify the records and registers and ascertain lapses/discrepancy in maintenance of such records

- To verify that all statutory requirements are fulfilled at branch and all necessary certificates, licenses and notices are put in place

- To verify whether there is any lapses in security and safety of the branch and assets

- To verify that all the staff members are strictly following the code and conduct rules and their behavior and attitude are in line with company values and guidelines

- To verify the earlier inspection report and its compliance/closure

- Continuous market awareness, the concerned risk factors to be studied in detail and alerted in order to avert possible losses

- To report any discrepancies without favor, not leaving out even seemingly minor irregularities as they may lead to serious irregularity in future

- Ensures final reports are issued with all recommendations agreed and accepted by the audited individual/group

- Performs and carries out duties as directed by the direct manager.

Desired Candidate Profile :

- Good Communication

- Multi linguistic preferable

- Analytical ability

- Extremely good in numbers

- Good decision maker

- Planned approach

- Team management