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

Key Skills Domain knowledge Knowledge of bank audit / audits of financial sector

- Audit expertise A solid 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 – Strong 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

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