- Conduct & 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 daily basis to 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 & policies taking in to account Risk and compliance parameters.
- Control testing & risk assessment.
- Preparation and Review of Audit Work Papers.
- Evidencing to be gathered and submitted to Audit manager after each audit.
- Proper worksheet (Risk Control Matrix) to be prepared for each branch audited and kept in record.
- Mentor for new joinee’s and guide them on all policy matters and Field Audit Process.
- SIZE OF THE ROLE
FINANCIAL SIZE NON-FINANCIAL SIZE
- NA
- NA
- KEY DUTIES & RESPONSIBILITIES OF THE ROLE
- Business/ Financials
- Planning audit of Rural &
- 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 & products against the applicable RBI rules and regulations.
- Highlight design & 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 checklist for audits.
- Ensure quality & 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
- Issue tracking and closure.
- Sharing or Non-compliance branches on weekly basis to RM-Audit and follow up of compliances.
- Evidencing to be gathered and submitted to Audit manager after each audit as per QAIP guidelines.
- Internal Process
- Mentor for current joinee’s. Guide them on all policy matters and Field Audit Process.
- Execution of Audit with the junior team members to monitor & supervise their work and correct the reports in case of any requirements.
- Communicating all the policy/ process related changes as well as changes pertaining to audit process to the team members at regular intervals.
- Proper training to be provided to team members for effective implementation of the changes.
- Ensuring the team maintains audit decorum as per applicable code of conduct at Branches and at Regional Office.
- Ensuring cost control in coordination with Audit Manager &
- Regional Audit Manager
- Innovation &
- Learning
- Regularly update knowledge by being up to date with the RBI Circulars, MFIN guidelines and relevant laws applicable to liability and asset business as well as up to date with all the internal circulars at Ujjivan pertaining to policy, process and product related changes.
- Upgrade one-self by enrolling and completing relevant certification courses essential for carrying out various audit assignments.
- MINIMUM REQUIREMENTS OF KNOWLEDGE &
SKILLS
Educational
Qualifications
- B Com/ BBA/ MBA or Equivalent Professional Qualification
- Certifications like JAIIB, CAIIB, etc., preferred
Experience(Years and Core Experience Type)
- 3 to 5 years of Hands on experience in Banks in handling Departmental / Process Audits (RBIA).
Certifications
- NA
Functional Skills
- Hands on experience in conducting RBIA including Risk Assessment thereto.
- Knowledge of RBI Regulations, Conversant with Risk Based Audit Approach, Risk Assessment and Quality standards.
- Good Presentation and report writing Skills.
- Excellent Verbal and written communication skills.
- Good Command in Excel, Word and Power point.
Behavioral Skills
- Good planning & execution skills
- Team Player
- Analytical &
- Problem solving skills
- Learning ability
- Proactive &
- Task oriented
Competencies
- Will be taken care by us
- KEY INTERACTIONS
INTERNAL
EXTERNAL
- Audit Manager &
- Regional Audit Manager
- NA
PREPARED BY : Audit Team DATE : 16-08-2022
REVIEWED BY : Sathyananda P
DATE : 08-12-2023
LAST UPDATED BY : TM team
DATE: 13-01-2024
📌 Specialist - Audit | Lucknow
🏢 Ujjivan Small Finance Bank
📍 Lucknow
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