Contribute in the Development of Audit Strategy and Plan - Contribute in developing the audit strategies for identification and assessment of various risks in 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.
- Contribute in developing the 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
- Guide and provide coaching to the audit team members 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 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 5000+ controls across functions in ABFL 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 and proactive engagement with stakeholders for implementation of recommendations for effective risk mitigations and improvement in the control environment
|
Continuous Monitoring - Contribute in the development of 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 manage execution of key audit initiatives for efficient and effective achievement of the audit objectives
- Implement a continuous monitoring process for ongoing assessment of various risks arising from and managed by the corporate functions (including corporate, risk management and control functions) in ABFL such as Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Liquidity risk, Financial risk, People risk, Reputational risk etc. to ensure, timely identification and resolution of significant risk and control issues Identify and develop 7000+ automated tests for monitoring effectiveness of controls on an ongoing basis
|
Learning and Development - Guide and provide coaching to the audit team members 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.
- Continuous development of self through regular learning and sharing of knowledge / best practices.
|
