Senior Vice President - Branch Audit - Bank/NBFC

Purpose of the job : SVP, Branch Audit plays a crucial role in ensuring the financial integrity and compliance of the organisation's branch operations.

Role Overview:

- She/ He will be responsible for overseeing and managing the branch audit function within the NBFC.

- This role involves assessing the financial health, operational efficiency, and compliance of branch activities to ensure adherence to regulatory standards and company policies.

Key Responsibilities:

1. Audit Planning: Develop and implement audit plans for branches, considering risk factors and regulatory requirements.

2. Audit Execution: Conduct comprehensive audits of branch operations, including financial transactions, loan disbursements, collections, and customer interactions.

3. Risk Assessment: Identify and evaluate risks associated with branch operations and recommend risk mitigation strategies.

4. Compliance Monitoring: Ensure that branches comply with all relevant regulatory guidelines, internal policies, and procedures.

5. Internal Controls: Review and strengthen internal control systems to safeguard company assets and prevent fraud.

6. Reporting: Prepare detailed audit reports highlighting findings, recommendations, and areas of improvement. Present findings to senior management and the board of directors.

7. Team Management: Supervise and lead a team of auditors responsible for conducting branch audits.

8. Continuous Improvement: Stay updated on industry regulations and best practices to enhance the audit process continually.

9. Fraud Detection: Implement measures to detect and prevent fraud within branch operations.

10. Quality Assurance: Ensure the quality and accuracy of audit work conducted by the branch audit team.

Qualifications and Requirements:

- Master's degree & professional certification (e.g., CPA, CFA, CIA) may be preferred.

- Extensive experience in internal auditing, in the financial services industry, with a minimum of 18-20 years of relevant experience.

- In-depth knowledge of NBFC regulations, RBI guidelines , and audit standards.

- Strong analytical and problem-solving skills.

- Excellent communication and presentation abilities.

- Leadership and team management skills.

- Attention to detail and a commitment to accuracy.

- Should be willing to travel extensively PAN India, depending on branch audit requirements