Develop annual Branch audit plan detailing the scope, nature and periodicity of the Branch audits.
Mentor the team of Branch Auditors to achieve expected quality output.
Manage a team of Branch Auditors and ensure that the Audits are executed as per the Plan by all the Branch Auditors
Design internal audit procedure to ensure timely execution of Branch Audits as per the Plan.
Assess the adequacy, effectiveness and efficiency of the established internal controls and procedures through the Branch audits.
Review the reports prepared by the Auditors and ensure that the same are drafted in an expected manner and appropriate recommendations are provided for the rectification of the highlighted discrepancies
Discuss critical audit findings immediately with the line manger and report significant issues to Head of Internal Audit
Ensure that the appropriate management comments with timelines is received in due time, report is finalized and Branches are rated on the basis of defined rating methodology.
Circulate final audit reports with the rating to the branches keeping the senior management in loop.
Train and mentor the branch audit staff.
Process Improvements
Random visits to branches to monitor the Branch Audit process and performance of the Auditor.
Periodic review and revision of Audit checklist and rating methodology basis the changes brought in by management and regulators.
Train the subordinates on the new changes brought in the Audit checklist and rating methodology.
Management Reporting
Prepare Audit committee pack in consultation of the Reporting manager
Assist in overall preparation of the Audit committee presentations.
Act upon the actionable as directed by Head Internal Audit