Internal Audit Role - BFSI

Role and Responsibilities :

- Develop risk based annual audit plans detailing the scope, nature and timing of audit activities for Retail Banking

- Design internal audit procedures and work programs

- Conduct internal audits to assess the adequacy, effectiveness and efficiency of the established internal controls and procedures for Retail Business

- Identify key areas of risk within the Consumer Durable Segment and propose appropriate controls to mitigate the risks

- Discuss audit findings and recommendations with line managers and report significant issues to senior management

- Prepare audit reports in line with the approved audit plan

- Ensure the timely implementation of management actions recommended in the audit reports

- Provide the Audit Committee of the Board and the senior management with an opinion on the adequacy, effectiveness and efficiency of the internal controls in the bank