Audit Associate - CIB

Job Description

Payments provides cash management, liquidity, commercial card, foreign exchange and escrow solutions to clients across the world. Teams are constantly innovating, using the latest technology and data analytics to deliver specialized solutions to help clients grow and streamline their businesses. The organization combines four lines of business: Merchant Services, Treasury Services, Commercial Card and Trade Finance to help clients manage working capital and increase operational efficiency.The Corporate & Investment Banking (CIB) Audit Team is responsible for assessing the adequacy of the control environments across all of the CIB businesses. This is achieved through a program of audit coverage, which is performed and managed by a global team of integrated business and technology audit specialists. The Corporate Center CIB Audit Team based in Mumbai, provides audit coverage across operations for these Payments businesses in India and Philippines. Position Description: The Associate role is for an experienced Audit professional to join the Audit Team based in Mumbai as part of the WHEM CIB Audit team with matrix reporting to Payments Audit lead in Mumbai and in New York. The individual will participate, partner with teams to execute audits of the CIB businesses across the WHEM region and globally, with a particular focus on CIB Payments businesses . This will involve monitoring adherence to regulatory requirements, helping ensure appropriate audit coverage, participating in the planning and execution of CIB Payments audits, and maintaining effective relationships with key business stakeholders. Applicant must be a mature and experienced professional who possesses strong auditing skills, knowledge of key regulations and current regulatory developments relevant to CIB and a strong understanding of internal control systems within a financial institution. In this role, the individual will be exposed to audits across the lines of business in addition to other operational support functions as required. The applicant should be a strong team player and be good in multi-tasking, and able to work under pressure in a dynamic business environment Responsibilities.
• Assess the regulatory control environment of CIB businesses, with a view to providing recommendations to management for improvement where weaknesses are identified
• Execute audits efficiently, including risk assessment, audit planning, testing, control evaluation, report drafting and follow-up and verification of issue closure. Ensure audits are completed timely and within budget
• Work closely with regional/global CIB Audit colleagues in the early identification of emerging control issues and reporting them timely to Audit management and business stakeholders
• Identify risks and prioritize audit work as part of a risk based audit program in close partnership with the wider Audit team
• Keep abreast of evolving regulatory changes and market events impacting the wholesale businesses and ensure appropriate audit coverage.
• Communicate audit issues and results effectively in both verbal and written form, and be able to influence effectively
• Establish and manage strong working relationships with key stakeholders in the CIB Payment organizations
• Foster a business climate and culture that encourages integrity, respect, diversity, excellence and innovation
Qualifications
• Minimum Bachelors degree in Accounting, Finance or related discipline and/or other relevant professional qualifications, e.g. CA, CPA, CAMS
• At least 4 years audit or relevant compliance/regulatory experience, within a financial services organization, major accounting firm or regulatory body
• Good understanding of internal control concepts within payments.
• Ability to carry out complex tasks under time pressure
• Proven ability to build strong working relationship with key stakeholders
• Excellent verbal and written communication skills with the ability to present complex and sensitive issues to senior management in a persuasive manner
• Enthusiastic, self-motivated and willing to take personal responsibility/accountability
• Strong ability to multi-task and effective under pressure
• Ability to lead audits, manage projects and participate in audit assignments in a team environment
• Works well individually and in teams, shares information and supports colleagues
• Be flexible and adaptable to dynamically changing work environments, including some travel to other countries as part of regional audit engagements. Ability to travel across regions (up to 20%)
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Keyskills :
foreign exchangeaudit planningrisk assessmentcommercial cardboard of directorsdata analyticsworking capitaltrade finance