Job Description

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Internal Audit: Auditor-Thematic Audit
INTERNAL USAGE:
No. of Vacancies: Reports to: Head xefxbfxbd Branch Audit & Snap Audit
Is a Team leader? Y Team Size: 4
Grade: DM - SM
Business: Department:xefxbfxbd Sub-Department:
Location:
About 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 role of Auditor involves:
xefxbfxbd Monitoring risk trend movement based on various parameters identified for risk categorization and identification of triggers for outlining breaches in risk thresholds
xefxbfxbd Conducting trigger based thematic audits based on the above identification for the areas covering Central Offices, Business Functions, Retail Banking Operations, Transaction Banking Operations & Banks new products & processes.
xefxbfxbd Independently managing the process of submission of information / reports / notes to the variousxefxbfxbd stakeholders
xefxbfxbd Execution of thematic audits by adhering to given schedules and ensuring adherence to audit / ISO processes & ICAI standards
xefxbfxbd Review of Compliances of Audit reports submitted by Auditee units
xefxbfxbd Ensuring follow up for closure of reports and files within prescribed timelines.
Key Responsibilities
xefxbfxbd
xefxbfxbd Review of Data Points under RBS Tranche I, Controls under RBS Tranche II & Regulatory Guidelines covered as part of RBS Tranche III and trend analysis of inherent & control risk movement and identification of hotspots
xefxbfxbd Ensure adherence to the Regulatory guidelines, Internal guidelines, new products / processes / policies, RBS data points, etc. during Internal Audit process
xefxbfxbd Conducting internal audits within stipulated time and submission of audit reports based on risk based audit norms.
xefxbfxbd Ensuring quality of audit report (depth & coverage) by focusing on root cause analysis and providing qualitative suggestions/recommendations for improvement of processes & mitigation of risk
xefxbfxbd Effective use of off-site audit reports (with special focus on data mining & analysis) for bringing out risks in the audit reports.
xefxbfxbd Conducting planned and unplanned audits and provide qualitative suggestions/recommendations for improvement of processes.
xefxbfxbd Updating skill sets and knowledge through continuous readings, attending trainings
xefxbfxbd Ensuring timely follow up on closure of audit findings; checking the closure in line with the risk and recommendation; processing the closure of audit issues / reports as per the policy
xefxbfxbd Timely submission of information relating to audits conducted to internal and external stakeholders.
Qualifications
Optimal qualification for success on the job is:
xefxbfxbd CA/MBA (finance)
xefxbfxbd 4-10 Years of Banking Domain Experience, with prior experience in Operational / Liquidity / Credit / Market Risk
Role Proficiencies
xefxbfxbd Demonstrate proficient understanding of Operational Risk, Credit Risk, Market Risk, Liquidity Risk & Pillar II Risk covering areas like Central Office, Business Function, Retail Banking Operations & Transaction Banking Operations
xefxbfxbd Knowledge of Business Applications used in banking industry
xefxbfxbd Understanding of RBS Tranche I Data Points, Controls under RBS Tranche II and Regulations covered as part of RBS Tranche III
xefxbfxbd Understanding of statutory and regulatory requirements and policies
xefxbfxbd Working on the preparation of the Audit Calendar for the year basis the residual risk assessment and methodology defined in audit policy of the bank.
xefxbfxbd Conducting specific audits basis plan or trigger based requirements of the bank.
xefxbfxbd Drafting of detailed audit reports with assessment details, preparation of supporting workpapers, clearly documenting the observations noted with implications and recommending corrective actions to auditee
xefxbfxbd Coordinating and supporting the Bankxefxbfxbds compliance team during RBI Audits and other external audits.
xefxbfxbd Good communication (both verbal & written) and inter-personal skills
Ability to work as a part of team and contribute towards team goals
Skills:
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