For a 60 Years Old Chartered Accountant Consulting Company - located @ Ahmedabad / Mumbai
Gujarat INDIA
Requirement -Bank & Central Statutory Audit Manager CA
Working Days - Monday to Saturday
Job description:
Bank & Central Statutory Audit Manager (CA) Job DescriptionJob SummaryThe Bank & Central Statutory Audit Manager leads large-scale financial audits for banking institutions. This role ensures regulatory compliance, assesses risk, and verifies financial statement accuracy. The candidate must be a Chartered Accountant (CA) with extensive experience in banking sector regulations and Reserve Bank of India (RBI) guidelines.
Key ResponsibilitiesAudit Execution & Compliance
- Lead central audits for public, private, and foreign banks.
- Verify financial statements to ensure compliance with Accounting Standards and RBI norms.
- Audit asset classification and verify Income Recognition and Asset Classification (IRAC) norms.
- Assess Non-Performing Assets (NPAs), checking provisions and restructuring compliance.
- Evaluate treasury operations, including investments, forex transactions, and derivative products.
Risk Management & Internal Controls
- Review internal control systems across various bank branches and centralized hubs.
- Identify operational risks and report systemic control failures to management.
- Check compliance frameworks regarding anti-money laundering (AML) and KYC norms.
- Assess IT controls related to core banking solutions (CBS) like Finacle or BaNCS.
Team Leadership & Stakeholder Management
- Manage audit teams, assigning tasks and monitoring daily progress.
- Review working papers prepared by assistant managers and article assistants.
- Liaise with senior management, bank executives, and audit committees.
- Draft audit reports, Long Form Audit Reports (LFAR), and management letters.
- Professional Qualification: Chartered Accountant (CA) designation is mandatory.
- Experience: 4 to 8 years of post-qualification experience in bank statutory audits.
- Niche Knowledge: Strong expertise in LFAR preparation and RBI guidelines.
Skills & Competencies
- Technical Skills: Deep understanding of Banking Regulation Act, Companies Act, and Ind AS.
- Software Proficiency: Advanced Excel skills and familiarity with Core Banking Software (CBS).
- Analytical Skills: Ability to spot anomalies in massive, complex financial datasets.
- Communication: Excellent verbal and written skills for high-level corporate reporting.