Zonal Head - Internal Audit - BFSI

Job Title: Zonal Head - Internal Audit

Reports to: Deputy Audit Head

Purpose of the position:

1. Conduct audits of company with higher outstanding portfolio in specific states or region, branches, Zonal offices of RFS and EFS, audit of various functions

2. Train and guide auditors on the audit process of company to ensure effective audit of the entities.

3. Coach and guide center and zonal office staff on the right processes.

4. Ensure timely recruitment of auditors with right skills and experience

Purpose of the position:

1. To flag off serious process deviations observed, review branch specific issues, closure status of various reports, action taken reports etc.

2. Train, guide and supervise the auditors for the zone

3. Audit HO officials, attend to review clarifications on audit reports and respond

4. Conduct timely audit and advise on gaps

5. To discuss the major process deviations observed during audits, actionables on improvement and trends

Key Activities:

1. Participate in meetings with external customers like regulator/industry bodies on behalf of Company

2. Completion of audits as per the scheduled plan and policy for the Zone within the calendar quarter and submission of audit reports on time for further review.

3. To lead the audits as per the audit policy

4. Pro-actively flag off serious process violations to prevent fraud/regulatory fines/financial losses

5. Control Cost and work within the budget allocated to the Dept.

6. Arrange Qly. Audit review of the audit team to address issues pertaining to audit, exchange of information on audit issues/frauds/ vigilance of other zones with the team to enrich knowledge and vigilance by knowing the modus operandi to protect organization's interest.

7. Depute Zonal Audit officers for cross zonal audits on rotation basis to ensure uniform audit practices.

8. Conduct investigations into fraud event as when required and report learning's for improvement in control/processes

9. Based on the feedback from the field suggest suitable improvements in audit templates on regular basis.

10. Ensure monthly feedback meetings are conducted with Regional Head business/ ICAF head to ensure that actionable arising out of the audits conducted are attended and branch efficiency index is improved.

11. Suggest suitable product and Process changes by taking feedback from the audit and field functionaries.

12. Participate in functional audits and due diligence process by external agencies

13. Ensuring submission of qualitative audit reports by team members by sample checking the reporst submitted for review

14. % Attrition (LTM) of key talent.

15. On time nomination of audit team members to appropriate training such as CIT /SDP etc.

16. Participate in training of company staff members basis advise of audit head.

17. Review sample audit reports of subordinates and coach them to improve overall audit efficiency of the team

Experience and Qualification:

1. Graduate or Post Graduate

2. 12 to 15 years in banking or financial entity in internal audit/Risk

3. Industry exposure in Micro Finance, Banking and Financial services

4. Good working experience in Windows, MS Office, MIS / dashboard generation. Exposure to banking applications like CRM / CBS etc will be an added advantage.