Description
Branch Audit Plan
Ensure Branches are timely audited as per the approved audit plan. Any delays are timely escalated to Regional Audit Head.
Assignment & Monitoring
- Assign audit of branches/ offices to Team Leaders and finalize team members in liaison with relevant team leaders
- Monitor audit proceedings to complete the engagement within the allocated time through optimum utilization of available resources.
Logistical Management
Manage logistical & administrative matters Regional Audit Office Staff e.g. leaves, travelling & boarding, additional time/ resource day requirement, recommendation of leaves etc. Also reviews TA/DA cases of all RAO staff and recommend to the competent authority as per approval matrix
Review & finalization of Audit reports
- Review audit reports submitted by the Team Leader to ensure its conformity with the specified documentation standards, appropriateness of audit evidences and management comments also ensuring the reasonableness of Audit rating assigned based upon the issues identified in the report.
- Finalize report of branch/ department with the Team Leader and submit the same for the review of Regional Audit Head.
Development & Review of MIS
- Develop Region-wise data/ MIS of commonly observed issues during audit assignments for review of RAH and sharing with the stakeholders/ presentations.
- Review periodic information reports/ MIS for the oversight/ information of senior management & audit committee prior to submitting the same for finalization from RAH
Rectification of Issues
Follow up with the respective Regional Operation Controls for the rectification of issues identified in the audit reports and mark rectification/ closure after thorough validation.
Conduct Audit/ Investigation Assignment
Conduct audit of branch/ management office function in capacity of Supervisor/ team Leader or investigation as and when required.
Special Assignments
Conduct special assignments like control design review, desk top reviews, root cause analysis, validation of write-off/ crop insurance proposals etc.
Training & Guidance
- Provide necessary training, coaching & guidance to staff of Regional Audit Office to facilitate in improvement and understanding.
- Conduct Training Need Assessment exercise at RAO Central and identify learning opportunities for relevant staff members
Budgetary Monitoring
Manage & monitor travelling and other expenses relating to audit assignments and ensuring same are maintained with budgetary limits.
Record Maintenance
Ensure that audit report, Annexures and relevant working papers are appropriately archived and overall record maintenance of assignments performed by Regional Audit Office is in line with bank’s record retention policy
Recurring Updation
Be alert for new developments and assess its significance / implication as to audit procedures and initiate new ideas after discussion with RAO staff
Any other assignment/ task as advised by the Regional Head and/ or Chief Internal Auditor.Minimum qualifications:
Masters / Professional Audit Qualification (CA/ACCA/CPA). Excellent communication and team Management skills.
Minimum experience:
5-08 years banking experience including at least 3-4 years in audit, compliance or internal controls. Exposure of branch audit/ Operations, analytical abilities & MS Office & understanding of internal control