Job Title:  Deputy Manager | Internal Audit | Mumbai | Controls Assurance

Key Responsibilities:

1. Conduct Concurrent Audits:

• Perform concurrent audits of branches and other operational units of banks.
• Review transactions to ensure compliance with banking regulations, internal policies, and RBI guidelines.
• Identify any operational, financial, and compliance-related risks or discrepancies during audits.

1. Transaction & Process Review:

• Evaluate daily transactions for adherence to internal control systems.
• Review loans, advances, asset management, and investment activities of the bank.
• Verify KYC norms, AML guidelines, and transaction integrity.

1. Risk Identification & Reporting:

• Identify key risks and control gaps in branch operations.
• Prepare audit reports highlighting significant issues and recommend corrective actions.
• Escalate irregularities, fraud, or lapses found during the audit to senior management.

1. Compliance Checks:

• Ensure compliance with banking laws, regulatory requirements, and circulars issued by the Reserve Bank of India (RBI).
• Track adherence to credit risk, operational risk, and market risk parameters.

1. Coordination with Branches:

• Liaise with branch managers and staff for resolving audit issues.
• Provide feedback to branches on improving operational efficiency and reducing risk exposure.

1. Follow-up Audits:

• Perform follow-up audits to check the implementation of audit recommendations.
• Ensure timely closure of audit issues raised during previous audits.

1. Documentation & Reporting:

• Maintain and update audit documentation as per firm’s standards.
• Draft and finalize audit reports and work papers for submission to management.

Qualifications:

• Educational Background: Bachelor’s degree in Commerce, Finance, Accounting, or related field. CA Inter/ICWA Inter/MBA in Finance preferred.
• Experience: 5-8 years of experience in concurrent audits, branch audits, internal audits, or statutory audits of banks.
• Knowledge: Strong understanding of banking operations, credit appraisals, loan review, and RBI guidelines.

Skills Required:

• Excellent analytical and problem-solving skills.
• Strong knowledge of banking regulations and compliance standards.
• Proficient in Microsoft Office (Excel, Word, PowerPoint).
• Ability to handle multiple audits and prioritize tasks.
• Strong communication and interpersonal skills.