Trade Finance Role - Audit - Bank

Trade Finance - Audit - Bank

Job Description:

- Planning and executing internal, thematic, snap and special audits with a risk based internal audit approach within specified timeframes.

- Effectively recommend improvements to the policies, processes and operating practices by analyzing risk trends in the industry.

- Conduct Root Cause Analysis and design a remedial action plan for improvement of processes and mitigation of risks.

- Objectively appraise adequacy of internal control systems, policies, and processes and provide recommendations to improve the same.

- Contribute ideas for improvement by bringing in efficiency and smart approach to auditing

- Build understanding of significant business processes, regulations applicable to the bank and other specific business risks and Risk Based Supervision adopted by regulators.

- Ensuring commencement / completion of audit assignment within time norms, adhering to given schedules, and ensuring adherence to audit / ISO processes & ICAI standards.

- Demonstrate good understanding of Trade Finance and Forex products.

- Knowledge of Business Applications used in banking industry.

- Understanding of statutory and regulatory requirements and policies.

- Working on the preparation of the Audit Calendar for the year basis the residual risk assessment and methodology defined in audit policy of the bank.

- Conducting specific audits basis plan or trigger based requirements of the bank.

- Drafting of detailed audit reports with assessment details, preparation of supporting workpapers, clearly documenting the observations noted with implications and recommending corrective actions to auditee.

- Coordinating and supporting the Bank's compliance team during RBI Audits and other external audits.

- Good communication (both verbal & written) and inter-personal skills.

- Ability to work as a part of team and contribute towards team goals.