Job Description

:Internal Audit: Auditor - Central Functions AuditGrade: SM
Department: Internal Audit Department
Location: Mumbai, WorliAbout Internal Audit:Internal Audit function of the Bank, operates independently under the supervision of the Audit Committee of the Board and is responsible for providing an independent view to the Board of Directors and Senior Management on the quality and efficacy of the internal controls, risk management systems, governance systems and processes in place on an on-going basis. This is provided to primarily ensure that the business and support functions are in compliance with both internal and regulatory guidelines.About the Role:The Corporate Audits Function participates in the Risk Assessment for the Areas that are under Audit. The impetus is to drive the Audit Function and executing the Audit area within the stipulated budget frame. The CO Audit Lead also works upon Process Improvement, bringing out irregularities according to guidelines.Key Responsibilities:xc2xb7 Independently execute Central (Support) Functions auditsxc2xb7 Ensure completion of assigned audits and documentation of work papers on timexc2xb7 Compliances tracking of issues reportedxc2xb7 Assist in keeping Audit Procedure Manual and checklists current and updatedxc2xb7 Devise audit checklists for use of Internal/Concurrent Auditors and test products along with processes/procedures to foresee pitfall and bottlenecks and ensure these are audited/resolvedxc2xb7 Provide improvement/ suggestions to existing process / systems to line managementxc2xb7 Provide oversight to the Concurrent Audit processxc2xb7 Ensure oversight of concurrent audit function (submission of reports on time, quality review, regular updation of checklists, etc.)xc2xb7 Interaction with key business or external stakeholders for regulatory compliances, capital market requirement, dealer control, investment and acquisition, accounting and settlement and etc.xc2xb7 Demonstrate in-depth knowledge of business risks, processes, and internal controls of the organizationxc2xb7 Ensure quality and consistency of the deliverablesxc2xb7 Co-ordinate with outsourced internal audit firms to accomplish audit deliverablesxc2xb7 Developing automated tests for continuous control monitoringxc2xb7 Expected to be fully conversant with recent changes in regulations and assessing its impact on the audits undertakenQualifications:xc2xb7 Chartered Accountantxc2xb7 In-depth understanding of Banking Industry, Capital Markets and experience in Internal Audit of Banks or with Big 4 will be preferredxc2xb7 Proficiency in MS Excel as well as data analyticsxc2xb7 Knowledge of and skills in applying internal audit practicesRole Proficiencies:For successful execution of the job, a candidate should possess the following:xc2xb7 Drafting of detailed audit reports with assessment details, preparation of supporting work papers, clearly documenting the observations noted with implications and recommending corrective actions to auditee along with Root Cause Analysisxc2xb7 Good communication (both verbal & written) and inter-personal skillsxc2xb7 Ability to work effectively across functions and demonstrated ability to coach and mentor othersxc2xb7 Considerable skills in negotiating issues and resolving conflictsxc2xb7 Ability to manage audits and other actionable for self and team within a dynamic priority-setting environmentxc2xb7 Ability to prioritize and make decisions in a fast-paced environmentxc2xb7 Ability to work as a part of team and contribute towards team goalsxc2xb7 Ability to manage multiple tasks/projects and deadlines simultaneouslySkills:Refer to the About Company:Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a large footprint of 4,594 domestic branches (including extension counters) with 11,333 ATMs & 5,710 cash recyclers spread across the country as on 31st March, 2021. The Bank has 6 Virtual Centres and has over 1500 Virtual Relationship Managers as on 31st March 2021.The Overseas operations of the Bank are spread over eight international offices with branches at Singapore, Dubai (at DIFC) and Gift City-IBU; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an Overseas subsidiary at London, UK. The international offices focus on Corporate Lending, Trade Finance, Syndication, Investment Banking and Liability Businesses

Axis Bank