Auditor

Job Title Auditor Reporting To Senior Auditor/TL

Job Code ID NA Business Unit Internal Audit

Grade/ Level G7 and below Sub Business Unit General Banking Audit Product Functions

Management Band Junior Management Location YBH, Mumbai

Section II: JOB ROLE SCOPE Number of Direct

• Reports 1 to 2 Financial Metrics (Budget, Revenue, etc.) -
• Total Team Size 1 to 2
• SECTION III: PURPOSE OF THE ROLE

Perform independent, risk-based audits across the bank’s corporate support departments and independent control units. Your role ensures robust corporate governance, regulatory compliance, operational efficiency, and effective risk management across non-revenue generating functions.

SECTION IV: KEY RESPONSIBILITIES & KPIS OF THE ROLE

Responsibilities KPIs

Strategy and

Planning

• Audit the Risk Management framework, evaluating how Credit Operational Risk and Market Risk teams monitor risk limits.
• Review the Compliance Department’s processes for tracking regulatory updates, managing regulatory correspondence, and filing mandatory disclosures.
• Evaluate the Financial Crime / Anti-Money Laundering (AML) unit’s transaction monitoring, suspicious transaction reporting (STR), and sanction screening mechanisms.
• Assess the Whistleblower and Fraud Risk Management frameworks to ensure complaints are logged, investigated, and closed objectively.
• Review Human Resources operations, including payroll management, employee background verification, incentive calculations, and separation processes.
• Audit Procurement and Vendor Risk Management, assessing tendering processes, vendor onboarding, contract governance, and SLA compliance.
• Evaluate Corporate Real Estate and Administration controls, including physical branch security, access control systems, and fixed asset management.
• Assess Business Continuity Management (BCM) and Disaster Recovery (DR) plans across corporate locations.
• Verify the health of central accounting systems by reviewing inter-branch accounts, suspense accounts, and high-value office accounts.
• Audit data privacy protocols and data governance frameworks to prevent leaks of customer or bank-proprietary information.
• Utilize data analytics (SQL, Excel) to test 100% of data populations in payroll, vendor payments, and risk logs.
• Draft evidence-backed audit reports detailing control design failures and operational risks.
• In depth knowledge of the banking audit operations and. Ability to structure and customize solutions to meet needs.
• Flair to work in complexity, with clear focus on closure of transactions
• High emotional intelligence and assertiveness to audit independent control functions objectively.
• Strong Analytical skills
• Deep understanding of the three lines of defense model, central bank governance guidelines, and corporate vendor management.
• Discuss findings with senior heads of Risk, Compliance, HR, and Procurement to establish corrective action plans.
• Track and validate the closure of previously raised audit issues

Policies, Processes

& Procedures

• Lead the development and maintenance of internal audit methodologies, ensuring alignment with professional standards (e.g., IIA Standards) and regulatory expectations.
• Ensure adherence to internal policies, procedures, statutory requirements, and relevant banking regulations.

Business

Development

• Stay informed about evolving industry trends, regulatory changes, and professional standards to adapt audit methodologies and practices.
• Develop and deliver training programs to enhance audit quality and mentor team members in quality assurance principles.

Performance

Monitoring &

Reporting

• Prepare comprehensive reports and provide insights to senior management and the audit committee on the quality of audit work and key performance indicators.
• Track closure of audit issues and ensure timely remediation by business and operations units.

Relationship

Management

• Provide recommendations for improving existing processes and systems within branch operations.
• Customer
• Relationship

Management

• Measuring stakeholder satisfaction with the audit process, as recommended by the Internal Audit Standards, to ensure continuous improvement.
• Risk and Internal

Control

• Ensure timely and correct submission of data / information to Reserve Bank of India
• Ensure timely closure of audits and audit reports
• People

Management

• Ensure timely submission of data/ information to Reserve Bank of India.
• SECTION V: OPERATING NETWORK
• Internal Business Unit, For collating responses and information for submission to RBI.
• External RBI, for providing information sought by RBI, seeking and providing clarification on the data requirements. SECTION VI: ROLE PROFILE REQUIREMENTS
• Education Essential: Chartered Accountant/ MBA from a reputed institute/CS/ICWA
• Experience Essential: 2 to 7 years internal audit, operational risk management, or compliance tracking within a private Bank. Competencies CORE COMPETENCIES LEADERSHIP/ BEHAVIORAL COMPETENCIES
• Customer and Quality Focus
• Professional Entrepreneurship
• Drive for Results
• Influence and Impact
• Integrity
• Lead and Develop people
• Enables Change
• Build transparent and inclusive teams