- Treasury Audits
- Concurrent Audits
- Trade Finance
- RBI Compliances
- Develop & implement risk based audit framework including risk-rating system for individual units
- Prepare risk based annual/quarterly/ monthly audit plans and ensure that reviews (Internal audits/investigations / special reviews including follow-up reviews) are performed as per approved plan and audit program
- Prepare audit program in the form of risk & control matrix for all reviews including fraud scenario on an on-going basis.
- Scope should include:
- To see if operational policies/processes are being adhered to at all levels and to detect deviations
- To check the accuracy of reports, MIS and Accounting, accuracy of records maintained through verification against evidences Preparation of comprehensive audit checklists
- Ensure that audit effort is aimed at reviewing existence and appropriateness of systems/procedures for various processes, as also to identify and suggest opportunities for cost savings and cost control measures
- Hold closing meetings with HOD of audited process/function and ensure that all issues are appropriately closed with the process owners / HODs and responsibility, action plans and due dates are agreed
- Ensure that reports are prepared and closed as per timelines agreed with all recommendations agreed and accepted by the audited individual/group
- Highlight and presenting key audit issues to the audit committee
- Keep abreast of developments in the field of internal auditing, regulatory requirements.