This position is primarily responsible for controlling and coordinating audit engagement as well as to ensure that the engagement is carried out within guidelines/requirements of the Internal Audit Framework.
i-Conduct planning meeting with the audit to discuss the scope of the audit, significant findings from previous audit reports, identify areas of significant risk etc.
ii-Suggest sample of credit portfolio to Department Head RAR prior to initiation of RAR.
iii-Perform audit/review of areas
iv-Review work of subordinates and ensure that it has been properly documented, working papers include adequate audit evidence and applicable Audit Master Data has been followed. Facilitate review by interview & coaching process and continually assess work being performed for greater efficiencies and effectiveness.
v- Monitor/review overall audit /review of branch/unit to ensure that all activities are carried out within the timelines stipulated in the Internal Audit Framework.
vi-Discuss audit observations with audit i.e. branch officials (including relevant RH) or relevant process owner in case of audit of non-branch entities and obtain management comments on these observations. Escalate critical issues warranting immediate corrective action to Department Head RAR.
vii-Compilation of draft reports as well as the recommendation of audit rating to Department Head RAR.
viii-Be alert for significant new developments in banking and their applicability on audit/review engagements.
ix-Recommend value addition in “Audit Master Data” based on amendments in laws, regulations as well as Bank’s policies & procedures.
x-Any other tasks (including investigation / other special assignments) assigned by Department Head RAR.
Knowledge & Skills Required:
Understanding/knowledge of the requirements as to various regulations, policies, procedures, practices and their assessment for adoption by audit through Audit Procedures and be aware of the market and industry trends. Good analytical skills.
Interpersonal & communication skills; managerial skills; positive influencing skills; Team Player; presentation skills.