Verified Job
Accounting - Finance
Head - Internal Audit
Accounting - Finance
#537015
Remote / WFH
Job Description
The Head of Internal Audit is responsible for leading the bank's internal audit function, ensuring compliance with regulatory requirements, risk management policies, and internal controls. This role provides independent and objective assurance to the Audit Committee and senior management on the effectiveness of governance, risk management, and internal control processes.
WORK RESPONSIBILITIES:
1. Review of the Bank's internal processes, polices, SOPs, manuals etc. as per various regulatory norms, supervisory expectations and industry best practices.
2. Periodic audit of units and departments as per Risk based Internal Audit framework (RBIA)
3. Responsible for proactive engagement with Regulator, Statutory Audit, External Audit, Internal Audit team related to the function.
4. Establish Risk based audit plan. Act as convener of ACB.
5. Management of Audit and Compliance Repository, Tracking of open observation, escalation to management, submission of audit report, compliance to ACB.
6. Handling all External (Statutory Auditors) and Internal Audit (Concurrent Audit) Submission for the Bank
7. Impact Analysis and action tracking resulting from any Audit, regulatory guidelines from compliance perspective.
8. Ensuring that the all related process emanating from External and Internal Audits related to the Bank is standardized & implemented across through "Governance function" and reported to the appropriate council.
+. Management of audit repository of all observations from external and internal audits. Closure of observations based on compliance and control implementations. Periodic submission of compliance status to appropriate council for review.
WORK RESPONSIBILITIES:
1. Review of the Bank's internal processes, polices, SOPs, manuals etc. as per various regulatory norms, supervisory expectations and industry best practices.
2. Periodic audit of units and departments as per Risk based Internal Audit framework (RBIA)
3. Responsible for proactive engagement with Regulator, Statutory Audit, External Audit, Internal Audit team related to the function.
4. Establish Risk based audit plan. Act as convener of ACB.
5. Management of Audit and Compliance Repository, Tracking of open observation, escalation to management, submission of audit report, compliance to ACB.
6. Handling all External (Statutory Auditors) and Internal Audit (Concurrent Audit) Submission for the Bank
7. Impact Analysis and action tracking resulting from any Audit, regulatory guidelines from compliance perspective.
8. Ensuring that the all related process emanating from External and Internal Audits related to the Bank is standardized & implemented across through "Governance function" and reported to the appropriate council.
+. Management of audit repository of all observations from external and internal audits. Closure of observations based on compliance and control implementations. Periodic submission of compliance status to appropriate council for review.
