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Job title: Segment Head, Business Audit
Job description: Business Function: Audit helps the Board and Executive Management meet the strategic and operational objectives of the DBS Group. We conduct independent checks to ensure that the Group%26rsquo;s risk and control processes are adequate and effective.
Business Function: Audit helps the Board and Executive Management meet the strategic and operational objectives of the DBS Group. We conduct independent checks to ensure that the Group%26rsquo;s risk and control processes are adequate and effective. All our team members are highly sought-after professionals who work as trusted advisors to our clients, in all matters related to a company%26rsquo;s internal controls. Job Purpose: Support ED – Audit in the development, oversight and execution of the audit strategy and audit plan for erstwhile Lakshmi Vilas Bank (eLVB) which is now part of DBS Bank India Limited in accordance with the Departmental, ICAI (Institute of Chartered Accountants of India) & Institute of Internal Auditors (IIA) standards. Responsible for strategic risk-based internal audit plan and managing the internal audit function in accordance with internal audit charter and the professional standards for internal auditing promulgated by the ICAI and IIA. Job Accountabilities: Develop annually a risk-based internal strategy and audit plan for Audit Committee review and approval. Oversee the implementation of the approved plan in accordance with the departmental, ICAI and IIA standards, ensure proper resourcing for implementation of the plan, and adjust the plan as needed in response to changes in business risks, operations, programs, systems and controls. Keep senior management and Audit Committee apprised of any changes needed to the internal audit plan. Coordinating and implementation of internal auditing policies, procedures and processes. Ensure methodical documentation of work plans, testing results, conclusions and timely archival of audit risk matrices and workpapers. Ensure follow up on findings and corrective actions. Coordinate and assist with the preparation of Audit Committee materials. Participate in quarterly or more frequent Audit Committee meetings whenever required Job Duties & Responsibilities: Audit Strategy and Execution Lead, Manage and drive the execution of the audit plan and audit engagements as and when assigned, in accordance with Departmental, ICAI and IIA standards Actively contribute to Audit%26rsquo;s Vision and Mission through proactive, agile and continuous auditing by embracing digital and data-driven mindset Support in on-going (continuous) monitoring through continuous auditing and data analytics of all banking businesses by applying business, industry and market insights to identify any emerging risks Supervise to identify the risk and control issue through continuous auditing and data analytics Relationship Management Manage & maintain senior management relationships with all the Business/Support Units Contribute to Group Audit%26rsquo;s role as a Trusted Advisor / Learning Facilitator to the BU/SU in control matters Provide feedback and recommendations on business risks and improving operational efficiencies and processes where appropriate Subject matter expertise Contribute in subject areas by providing subject matter expertise including digital banking and information technology. Actively advise and promptly apprise Audit Head of DBIL and/or Functional Audit Head (FAH)/Deputy FAH in Singapore of all major risk, control and regulatory issues arising during the audit, identified during continuous monitoring and continuous auditing, and, through regular contact with the BU/SU management. Ascertain that major concerns and recommendations raised by internal and external auditors and regulators are resolved by the BU/SU promptly, adequately and satisfactorily Staff development Support staff and self development. Responsible for coaching, mentoring, and developing career paths for direct reports. Keep abreast of own professional development to enhance one%26rsquo;s skills and competence Establish and assign departmental goals to team members and evaluate their performance Recommend department-wide training based on gaps identified to ensure adherence to IIA%26rsquo;s practices and policies. Stay abreast of emerging trends and successful practices in internal audit Coach and guide staff on all audit engagements Required Experience: Expected to understand the Internal Audit standards and the general audit practices Digital Mindset to audit in digital environment. Education / Preferred Qualifications: Chartered Accountant with 18 to 20 years post-qualification experience. Other qualifications/certifications %26ndash; CIA, CISA, CFE, Trade & Credit related certifications etc. would be added advantage Core Competencies: Risk and control mindset Excellent Data analytical skills Excellent Communication and Inter-personal skills Understanding of Banking operations in India. Attention to details High degree of professional ethics and integrity Self-motivated individual with an ability to work under tight deadlines Technical Competencies: Sound Audit & accounting skills Knowledge of Indian Audit & Accounting regulations as well as IIA Standards, Professional audit report writing Strong knowledge of Indian regulations and Products/Processes relating to Banking Operations India-Tamil Nadu-Chennai
Location: Chennai, Tamil Nadu
Job date: Wed, 31 Mar 2021 22:22:01 GMT
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