- Conduct and execute Risk Based Internal Audits (RBIA) of MFI and SFB Branches as per schedule of the Audit Plan under the guidance of the Supervisors.
- Sharing observations on a daily basis with branch supervisors.
- Drafting audit observations and writing audit reports.
- Audit issue tracking and closure.
- Based on audit observations, providing suggestions/feedback to enhance the existing processes and policies, taking into account risk and compliance parameters.
- Control testing and risk assessment.
- Preparation and review of audit work papers.
- Evidence to be gathered and submitted to the Audit Manager after each audit.
- Proper worksheet (Risk Control Matrix) to be prepared for each branch audited and kept in record.
- Mentor for recent joiners and guide them on all policy matters and field audit process.
Key Duties Responsibilities of the Role
Business/Financials
- Planning audit of Rural and SFB branches in consultation with the Audit Manager.
- Execution of audits as per plan.
- Ensure customer visit as per approved sampling methodology as applicable.
- Ensure document verification of asset and micro banking liability as per approved sampling methodology.
Field processes of micro banking asset and liability to be visited (in each audit) as per audit methodology and suggested guidelines.
- Ensure to complete Branch Banking Audits as per approved audit process.
- Ensuring Social Service Department audits are executed as per the plan.
- Timely completion of various departmental / functional / process audits, if any, as per the Annual Audit Plan.
- Check adherence of our internal policies, processes and products against the applicable RBI rules and regulations.
- Highlight design and operational gaps identified during audits to the concerned stakeholders.
Customer (Both Internal External)
- Drafting of audit issues post the discussion with the auditees and drafting audit reports and timely submission of audit report to Audit Manager.
- Coordinating with Audit Manager for timely completion of audit report with changes suggested during review. Preparing and completing checklists for audits.
- Ensure quality and reliability of the audit reports by effective implementation of maker-checker process.
- Critical issue communication: Any critical issues, frauds etc., to be immediately communicated to the Audit Manager / Regional Audit Manager on the same day without any delay.
- Monthly audit updates for the month to be submitted to Audit Manager as per cut-off date.
📌 Specialist - Audit (Lucknow)
🏢 Ujjivan Small Finance Bank
📍 Lucknow
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