Lead Branch Banking Audit

Job Description

Job Description – Internal Audit Officer (Banking)
Job Title

Internal Audit Officer

Employment Type

Full-Time

Job Summary

We are seeking a proactive and detail-oriented Internal Audit Officer to support the Bank’s Internal Audit function. The role focuses on conducting risk-based product and operational audits, evaluating internal controls, ensuring regulatory compliance, monitoring audit observations, and strengthening the Bank’s governance framework. The successful candidate will also support the Concurrent Audit process and recommend improvements to enhance operational efficiency and risk management.

Key Responsibilities
Internal Audit
Participate in audits across various business units with emphasis on Product Audits and Operational Audits.
Execute audit assignments in accordance with the approved audit plan.
Evaluate the adequacy and effectiveness of internal controls, policies, and operational processes.
Ensure timely completion of audit assignments and proper documentation of audit working papers.
Risk-Based Audit Planning
Assist in planning, designing, and implementing risk-based audit plans.
Identify key operational and business risks.
Support the development of annual and periodic audit programs based on risk assessments.
Audit Documentation & Reporting
Prepare and maintain comprehensive audit working papers.
Document audit observations, findings, and recommendations.
Track the status of audit issues until closure.
Ensure audit documentation complies with internal audit standards.
Process Review & Improvement
Benchmark internal processes against industry best practices and peer banks.
Review existing products, operational processes, and procedures to identify risks and operational bottlenecks.
Recommend process improvements to strengthen operational efficiency and internal controls.
Support management in implementing audit recommendations.
Audit Procedures & Checklists
Assist in updating the Audit Procedure Manual.
Develop and maintain audit checklists for Internal and Concurrent Auditors.
Ensure audit procedures remain aligned with regulatory requirements and business changes.
Concurrent Audit Oversight
Monitor the performance of the Concurrent Audit function.
Ensure timely submission of concurrent audit reports.
Review and update concurrent audit checklists regularly.
Review concurrent audit observations and ensure corrective actions are implemented.
Follow up with business units to ensure timely resolution of audit issues.
Educational Qualification
Bachelor’s Degree in Commerce, Finance, Accounting, Business Administration, Economics, or a related discipline.
Professional qualifications such as CA, CMA, MBA (Finance), CIA, CISA, or equivalent will be an added advantage.
Experience
Experience in Banking Internal Audit, Risk Management, Operational Audit, Compliance, or Banking Operations is preferred.
Required Skills
Internal Audit
Banking Audit
Product Audit
Operational Audit
Risk-Based Auditing
Concurrent Audit
Internal Controls
Risk Assessment
Compliance Monitoring
Audit Planning
Audit Documentation
Audit Reporting
Audit Checklists
Process Improvement
Regulatory Compliance
Banking Operations
Analytical Skills
Report Writing
Microsoft Excel
Communication & Presentation Skills
Preferred Candidate Profile

The ideal candidate should:

Have a sound understanding of banking operations and audit methodologies.
Demonstrate strong analytical, investigative, and problem-solving skills.
Be capable of managing multiple audit assignments within deadlines.
Possess excellent documentation and report-writing skills.
Work collaboratively with business units while maintaining audit independence.
Be committed to continuous process improvement and operational excellence.
Contact Details

Contact Person: Ayushi Jain

Mobile: 8871021222

Email: Ayushijain@skillventory.com