Team Lead - Branch & Corporate Audit

Development of Audit Strategy and Plan

• Develop audit strategies for identification and assessment of various risks in branch and corporate, risk management and control functions including Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Liquidity risk, Financial risk, People risk, Reputational risk etc., and current maturity level of controls in these functions. 

• Develop audit plans based on risk assessment and regulatory framework; ensure use of advanced integrated auditing concepts and extensive use of technology and data analysis for achievement of the audit objectives

• Develop specialised audit team for timely and quality execution of complex and specialised audit reviews covering all the key areas of corporate functions including risk management functions and control functions

Execution of Audit Strategy and Plan

• Effective management and execution of the audit plan in accordance with the Policies, Procedures, Legal and Regulatory requirements, Internal Audit Standards, and leading best practices for proactive identification and remediation of various risks including Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Liquidity risk, Financial risk, People risk, Reputational risk etc. 

• Conduct Branch and  corporate functions audits (including audits of risk management functions and control functions) to provide independent and objective assurance on the adequacy and effectiveness of risk management and controls, and adherence to or compliance with the internal policies, standards and procedures as well as applicable laws and regulations

• Conduct corporate functions audits (including corporate, risk management and control functions) testing controls across functions in accordance with the Policies, Procedures, Legal and Regulatory requirements, Internal Audit Standards, and leading best practices  

• Conduct risk-based, thematic and specialised audit reviews to assess the adequacy and effectiveness of the risk management and controls covering various key activities and areas such as legal and compliance risk management, fraud risk management, operational risk management, treasury and investment functions, liquidity risk management, third party risk/outsourcing risk management, vendor payments, general ledger and accounting controls, regulatory reporting, employee onboarding and payroll management, operations and customer service, complaints management, procurement and facilities management etc. 

• Conduct review of application controls (automated business process controls) in the applications used by corporate, risk management and control functions and management information systems to assess adequacy and effectiveness of the controls

• Provide effective recommendations for improvements to the organization policies, processes and practices based on leading industry practices and emerging risks

• Develop processes for adequate and effective audit coverage of various risks including Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Liquidity risk, Financial risk, People risk, Reputational risk etc. and various applicable laws and regulatory circulars / guidelines across various regulators
• Keep audit procedures and checklists current and updated keeping pace and aligned with changes in internal policies/guidelines as well as legal/regulatory changes and evolving industry best practices 

• Ensure timely completion of audit plan and projects along with quality of audits, and meet with all audit documentation and reporting requirements as per audit policy and procedures and leading best practices

• Active engagement with stakeholders for implementation of recommendations for effective risk mitigations and improvement in the control environment

Continuous Monitoring

• Develop strategies for identification of triggers / risk hotspots and conduct unplanned reviews / investigations based on various triggers/ hot spots, directives received from regulators, board committees and senior management 

• Keep abreast of the emerging audit trends and drive key audit initiatives for efficient and effective achievement of the audit objectives

• Implement an effective continuous monitoring framework for ongoing monitoring of risk relating to various business segments, products, channels, processes and units; Identify and develop automated test for ongoing monitoring of Credit risk and Credit Lifecycle Processes risks such as regulatory compliance risk, financial risk, operational risks across the lines of business/segments/products/channels

Communication and Stakeholder Engagement

• Effective communication and reporting to various stakeholders including regulators, board committee and senior management

People Management

• Develop specialised audit team for execution of complex and specialised audit reviews covering risk management and controls across various risks including Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Liquidity risk, Financial risk, People risk, Reputational risk etc. 
• Develop, nurture and grow talent through effective employee engagement and management 
• Continuous development of self and the team through regular learning and sharing of knowledge / best practices.