Team Leader - Bank Concurrent Audit

Overview:

We are seeking two dynamic and experienced Team Leaders to manage a team of 7 staff members responsible for the Concurrent Audit of Digital Transaction Monitoring. The Team Leaders will play a crucial role in ensuring the efficiency, accuracy, and compliance of the audit processes.

Scope of Concurrent Audit - Digital Transaction Monitoring:

The areas to be covered as part of the Concurrent Audit for Digital Transaction Monitoring include:

1. Reviewing closed alerts along with the quality of closure by analysts and reviewers on a daily basis.
2. Reviewing alerts closed by analysts outside the case manager, including reports generated through BIU, manual alerts, or Excel template-based alerts.
3. Reconciling alerts generated by core systems (such as Clari5, FRM, Falcon, etc.) with alerts attended by analysts in respective case managers.
4. Conducting a monthly review of scenario-wise alerts to assess the concentration of alerts in any scenario, perform trend analysis, and identify scenarios with Nil alerts.

In addition to the above scope, all other internal guidelines issued by the Bank, as well as guidelines issued by RBI/other regulators on a time-to-time basis, will also need to be covered.

Key Responsibilities:

Lead and manage a team of 7 staff members, ensuring efficient execution of the audit process.

Conduct process walk-throughs and substantive checking based on the provided scope.

Utilize detailed audit checklists, report formats, exception reports, system reports, circulars, manuals, and guidelines provided by the Bank to conduct the audit.

Ensure timely submission of audit reports to the Unit on a monthly basis (both soft and hard copies) before the last day of the succeeding month.

Review and discuss all issues with the Units and ensure agreement and resolution.

Monitor the performance of team members and provide necessary guidance and support.

Maintain clear and effective communication within the team and with other stakeholders.

Ensure compliance with all internal and external audit guidelines and regulations.

Identify areas for process improvement and implement changes to enhance audit efficiency and accuracy.

Qualifications:

Bachelor's degree in Commerce, Finance, Accounting, or a related field. An advanced degree or certification is preferred.

Minimum of 1-2 years of experience in bank audit, specifically in the banking or financial services sector.

Strong understanding of digital transaction monitoring and related audit processes.

Proven leadership and team management skills.

Excellent analytical and problem-solving abilities.

Proficiency in using audit and banking software, as well as MS Office applications.

Strong communication and interpersonal skills.

Ability to work independently and manage multiple tasks effectively.

Salary and Benefits:

Salary commensurate with experience and qualifications subject to maximum CTC of Rs. 2.5 Lakhs

Professional development opportunities and career advancement within the bank.

Workstations and email IDs will be provided for communication and audit assignments.

How to Apply:

• Interested candidates are invited to submit their resume and a cover letter explaining their interest in the position to [Confidential Information] by 30th June 2024.