Specialist, Business Audit

Job Description

Internal auditing is an independent and objective assurance activity. Internal Audit strives to bring an independent voice of reason to provide the Board, management and regulators with independent opinion, objective assurance, balanced perspective and insight, by being Productive, Proactive, Predictive and Preventive, to enable DBIL to achieve its objectives.Internal Audit assists DBIL s Board and Executive Management to meet the agreed strategic and operational objectives of DBIL by providing an objective and independent appraisal on the adequacy and effectiveness of risk management, control and governance processes. Internal Audit function s team members are highly sought-after professionals who work as trusted advisors to stakeholders, in all matters related to DBIL s internal controls.Job Purpose : Support Location Audit Head (LAH) / SVP Audit in providing the Audit Committee, the Board of Directors and Senior Management an objective and independent quality & timely assurance on the adequacy and effectiveness of risk management and internal controls within DBIL (particularly Consumer Banking Group business and related support/controls functions).Key Accountabilities:

• Assisting the Segment Head Business Audit in development of the Audit strategy and audit plan for CBG, Control and Corporate Functions
• Execute the audit plan and audit engagements as and when assigned, in accordance with the Departmental, ICAI and IIA standards
• Assisting the Segment Head, Business Audit for various audit related reporting

Job Duties & Responsibilities : Audit Plan - Strategy and Execution

• Conduct the continuous risk assessment (minimum annual), develop and manage the audit plan
• Support Segment Head Business Audit in the development and maintenance of the audit strategy and plan for C3 Functions (CBG BU and related support functions, Control functions such as Compliance and Financial Crime & Security Services, and other Corporate Functions such as CRESA)
• Manage and execute the audit plan and audit engagements as and when assigned, in accordance with Departmental, ICAI and IIA standards. Provide overall supervision to audit team in execution of audit engagements including approving the audit planning, risk matrices and testing strategy.
• Evaluate the adequacy and effectiveness of internal controls design and Identify gaps from the review of business processes
• Analyse and Validate the red flags and exceptions generated from Trading Analytics Tool or Scripts as part of Continuous Auditing
• Actively contribute to Audit s Vision and Mission (including Future of Audit initiatives) through proactive, agile and continuous auditing by embracing digital and data-driven mindset and by driving/executing the audit automation initiatives
• Conduct on-going (continuous) monitoring & auditing of DBIL s businesses (particularly CBG business) by applying business, industry and market insights to identify any emerging risks

Relationship Management

• Manage & maintain key stakeholder relationships including middle level management of the Business Units (BU) / Support Units (SU) as well as external relationships
• Promote Internal Audit s role as a Trusted Advisor / Learning Facilitator / Boundary Spanner to the BU/SU in control matters
• R aise issues/concerns and Provide constructive advice to stakeholders so that the significant risk and control issues are escalated and resolved properly
• Build and maintain industry connect with Internal audit professionals to bring in insights on emerging risks/controls and cutting-edge internal audit practices

Subject matter expertise

• Provide subject matter expertise in the subject areas (particularly CBG business)
• Actively advise and promptly apprise LAH / SVP Audit and Functional Audit Head (FAH) / Deputy FAH of all major risk, control and regulatory issues arising during the audits, identified during Continuous monitoring and/or Continuous auditing, and, through regular contact with the BU/SU management.
• Support Segment Head Business Audit in reviewing the new products / services initiatives (particularly relating to CBG) from risk & control perspective
• Ascertain that major concerns and recommendations raised by internal and external auditors and regulators are resolved by the BU/SU promptly and adequately
• Support Segment Head Business Audit in the periodic management reporting for the BU/SU
• Provide concise audit findings, Present audit reports on a timely basis, and Deliver the audits to completion within established timelines.

Staff development

• Manage team resources in execution of audit plan, and, Manage & Develop staff
• Keep abreast of own professional development to enhance one s skills and competenc
• Coach & Guide the team members on audit engagements, and, Provide regular performance feedback

Experience:

• Min 5-7 years experience in either handling CBG Products / Processes (Front Office / Mid-Office /Process Control / Business Support), or, Risk management / Compliance of CBG businesses, or, inhandling audits of CBG products/services
• Expected to understand the Internal Audit standards and the general audit practices

Education:

• MBA / Chartered Accountant with 5-7 years post-qualification experience.
• Other qualifications/certifications such as Data Analytics related certifications would be added advantage

Core Competencies :

• Risk and control mindset
• Excellent Data analytical skills
• Attention to detail
• Excellent verbal and written communication, Inter-personal, negotiation and presentation skills
• Self-motivated individual with ability to excel under tight deadlines
• High degree of professional ethics and integrity
• Innovative and Creative mindset and the ability to challenge the status quo

Technical Competencies:

• Sound Audit & accounting skills
• Knowledge of Indian Audit & Accounting regulations as well as IIA Standards
• Strong knowledge of Indian regulations and Products/Processes relating to Consumer Banking Group

Work Relationship :All business and support functions in India, primarily Consumer Banking Group, Risk Management Group-Consumer Credit and Control Functions such as Compliance and Financial Crime & Security Services (FCSS).,

Keyskills :
board of directorsmiddle level managementsubject matter expertisered flagsiia standardsaudit reportsinternal auditdata analyticsaudit planningbusiness units