Job Title: Audit-Sr. Unit Head-Subsidiaries Audit

Business Unit (PA): Audit

Job Purpose To manage internal audit of Subsidiaries audits to ensure compliance in the functioning

Key Responsibility Areas

Actionable

Audit life cycle monitoring

·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

Audit reporting

·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

Audit compliance

·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.

Team management

·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

Educational Qualifications

Key Skills

·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 – Solid 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.

Experience Required

·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

Major Stakeholders

Senior management of Subsidiaries, Head of Internal audits of Subsidiaries, CA firms, Compliance team, Group Oversight Department, Operations

📌 Audit-Sr. Unit Head-Subsidiaries Audit (Mumbai)
🏢 HDFC Bank
📍 Mumbai