Audit-Sr. Unit Head-Subsidiaries Audit
HDFC Bank · Posted Oct 14
Commercial banking, retail banking, credit card, loan, and treasury services
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About the role
The role sits within HDFC Bank's Audit unit and is responsible for managing the internal audit of subsidiaries to ensure compliant functioning. The work covers the end-to-end audit life cycle, including risk-based audit planning, audit reporting to senior management and regulators, remediation tracking, and team management. The position also involves presenting findings to Senior Management, Regional Head-Internal Audit and Head-Internal Audit, and coordinating with subsidiary stakeholders and CA firms.
What you will do
- Identify key areas for audit based on risk assessment, regulatory requirements, and internal control frameworks.
- Review audit procedures, Risk Control Matrix (RCM), standard audit report template and audit scoring module for the assigned audit areas.
- Review allocation of audits based on expertise and mandays available.
- Ensure achievement of audit calendar within the stipulated timelines and adherence to timelines for report release.
- Review of audit scope and quality of audit (including sampling process).
- Review risk grading and opinion formation
- Prepare comprehensive audit reports highlighting the findings, risks, their potential impact and recommend appropriate actions to address the identified issues.
- Audit finalisation, discussion & closure (including visits to subsidiaries)
- Present audit findings and recommendations to Senior Management, Regional Head-Internal Audit, Head-Internal Audit.
- Handle Regulatory Inspection / Regulatory requirements / ACB reporting and Investigations
- Monitor the progress on remediation of audit observations and recommendations by the auditee management.
- Evaluate the effectiveness of controls implemented towards the resolution of audit issues.
- Ensure resource planning and talent development.
- Supervise and mentor audit staff, provide guidance / assist in the professional development of junior staff.
- Monitoring team performance, providing constructive feedback, and identifying areas for improvement
Skills used in this role
What the employer is looking for
- Chartered Accountant (CA)
- MBA (Finance)
- Commerce Graduate / CIA
- Domain knowledge – Knowledge of bank audit / audits of financial sector
- Audit expertise – A strong background in auditing principles, practices and methodologies is essential. Thorough understanding of financial and operational audits, risk management and internal controls.
- Regulatory knowledge – Up-to-date knowledge of banking laws, regulations and industry standards.
- Analytical skills – Strong analytical skills to analyse complex data, identify trends and assess the effectiveness of controls.
- Communication skills – Excellent verbal and written communication skills
- Leadership skills – Leadership and teamwork abilities are essential to co-ordinate and manage audit projects effectively.
- Problem solving skills – Able to identify issues, propose practical solutions and work collaboratively with the relevant departments.
- IT proficiency – Advanced knowledge of MS Word, MS Excel and Power Point is a must.
- Time management – Ability to manage multiple assignments, prioritize tasks and meet deadlines.
- Min. 15-20 years of experience in internal audit of Banks/ NBFCs / large financial institutions
- Prior exposure to internal audit of subsidiaries of banks is preferred
- Team management
Benefits and support
- Compensation and benefits are detailed in the job posting
About HDFC Bank
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and market capitalization, offering a wide range of financial products including retail banking, wholesale banking, and treasury operations.
- Industry
- Banking
- Company size
- 211535 employees
- Founded
- August 1994
- Location
- Mumbai, Maharashtra, India
- Funding stage
- Public Company
Leadership
Sashidhar Jagdishan
Managing Director and Chief Executive Officer
Srinivasan Vaidyanathan
Chief Financial Officer
Ramesh Lakshminarayanan
Chief Information Officer
Vibhash Naik
Chief Human Resources Officer
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