Internal Finance Controller

In this role the team lead will be responsible for overseeing and leading following areas and activities for management of IFC Certification Assessment for the Bank as per the requirement of Companies Act, Section 134 (5)e:

- Determining the scope and coverage of accounts / processes of the Bank and subsidiaries of the Bank based on risk assessment and materiality threshold

- Process walkthrough and Test of Design (TOD) to check whether designs of the controls are adequate to mitigate potential / assessed risk and are operating effectively throughout the audit period.

- Test of Operating Effectiveness (TOE) to check whether the controls put in place are operating effectively during the review period

- Conclusion of the review and assessment of the gaps into deficiency, significant deficiency or material weakness in line with the regulatory requirement, ICAI guidance note and internal policy of the Bank

- Reporting observations on adequacy of controls to Process Owners, Senior Mgmt. & Audit committee on periodic basis.

- Effective communication and engagement with stakeholders

- Develop strategy/ procedures for conducting effective IFC Certification assessment covering the various processes across the Bank and subsidiaries of the Bank in line with requirements of the Companies act, ICAI guidance note and internal policy of the bank

- Planning the IFC review - Determining the scope and coverage of the accounts / controls based on the risk assessment and materiality thresholds

- Developing clear and concise plan and testing programs for comprehensive and effective testing; Develop strategies effective use of technology for conducting the tests

- Ensuring commencement / completion of review within time norms, adhering to given schedules, and ensuring adherence to regulatory requirements, ICAI guidance note and internal policy of the bank.

- Manage testing of IT automated control (ITAC) & IT general control (ITGC)

- Review the bank's subsidiary framework from an IFC-FRR standpoint.

- Prepare and present detailed reports on the IFC review findings to process owners, senior management & Audit committee.

- Monitor and track the implementation of management action plans agreed upon by the process owners to address any identified gaps.

- Communicate the results of the reviews via reports and presentations to Senior management, Audit Committee and the Board of Directors.

- Preparing reports, presentations, dashboards and analysis for presentation to Audit committee of the board and to senior management

- Conclude the assessment and preparation of final certification for submission to the Board, MD&CEO, CFO and statutory auditors

- Effective communication and interaction with Board, Senior Management and Statutory Auditors

- Develop framework for continuous monitoring of controls through use of technology and ongoing testing of controls for timely and effective risk mitigation.

- Ability to manage team, review their work and provide them requisite guidance