Job Description

Chief Manager -Internal controls-Wholesale Audit-Banking

Key Tasks of this role :

1. Key focus on Compliance & Regulatory Policy/Process adherence

- Regulatory Policy review and Compliance

- Regulatory reporting review

- Co-ordination with Internal Teams on RBI(Reserve Bank of India) query and requirement

- Nodal point for Compliance of any lead RBI queries / clarifications.

- Regulatory reporting

2. Nodal point for managing Internal Business Risk & Controls.

- Review of existing policy and process

- Ensure revised process is implemented if gaps found in process review

- Ensure ORM(Operations Risk Management)/Audit recommendations are implemented

- Ensuring respective products / process teams review and roll out Guidelines basis Regulatory Policies , Internal Audit , Unusual Events and Operations Risk findings

- Audit Coordination and Pending Issue closure. Tracking adherence to audit & compliance related matters

- Reporting the issues in standard format and giving appropriate rating as per defined score card.

- Implementation of operation risk related actionable and RCSA(Risk Control Self Assessment) review and control testing

- Review of unusual events and ensure process is in control for high risk matters.

3. Provide Technology based system solutions controls

4. Ensure Good Audit ratings across Business and minimal regulatory/repeat audit points

5. Reviewing vigilance alerts on data loss prevention and ensure that appropriate action is taken against defaulting staff.

6. Managing other review activities at division level like approving authority matrix, KYC (Know your customer) policy review, PSL review, Unusual even process implementation along with Risk Control Unit etc

The Role : We are looking at a senior resource to lead the Internal controls function The individual, preferable a CA who has worked in an audit environment, has to have an understanding of the Business risk elements

Some of the key traits needed for the role include :

- Ability to identify and develop key business risk indicators to govern the risk and control hygiene on an ongoing basis .

- Ability to adopt a pro-active approach to identifying opportunities to reduce risk through continuous evaluation of our controls.

- Self reliant and an ability to understand data and its insights and provide a detailed analysis of escalated issues when necessary and recommend actions for resolution. Attention to detail and clear and concise written and verbal communication

- Ability to work with multiple stakeholders to get the job done in a time-bound manner

- Ability to lead a team

- Ability to put in place the infrastructure and tools to manage business risk