Team Member - Branch Audit

Role Overview

This position is responsible for carrying out the branch audit approach and annual audit plan across a wide range of business and support functions. The objective is to evaluate whether risk controls are designed and operating effectively, and whether branches are following internal policies, procedures, and all relevant laws and regulations.

Key Result Areas

Audit Strategy and Planning

• Contribute to building audit strategies that identify and assess branch-level risks such as compliance, legal, fraud, operations, third-party/outsourcing, liquidity, financial, people, and reputational risks, along with the control maturity in each area.
• Help design risk-based audit plans aligned to the regulatory environment, using advanced integrated audit methods and strong use of technology and data analysis to meet audit goals.
• Participate in specialised audit teams to deliver complex reviews on time and with high quality across all relevant business areas.

Audit Execution

• Carry out the audit plan in line with policies, procedures, legal and regulatory obligations, internal audit standards, and industry best practices to identify and address key risks proactively.
• Perform branch audits to give independent assurance on the effectiveness of risk controls and adherence to internal rules, standards, processes, and applicable laws.
• Lead thematic and specialised reviews covering areas such as legal and compliance risk, fraud, operational controls, outsourcing and third-party risk, vendor payments, general ledger and accounting controls, regulatory reporting, operations, customer service, complaints handling, procurement, and facilities management.
• Review automated application controls and management information systems used by branches to assess whether those controls are effective and sufficient.
• Oversee, where needed, the appointment and scope of external firms engaged for branch audit work.
• Recommend practical improvements to policies, processes, and practices based on current industry standards and emerging risks.
• Create and maintain audit coverage processes for different risk areas and ensure they reflect changes in regulations, circulars, internal guidelines, and evolving best practices.
• Ensure audits are completed within timelines and that documentation and reporting meet audit policy requirements and recognised best practices.
• Work closely with stakeholders to ensure audit observations are implemented and that the control environment continues to improve.

Continuous Monitoring

• Spot risk indicators and trigger points, and initiate unplanned reviews or investigations when required by red flags, regulator instructions, board committee directions, or senior management requests.
• Stay updated on new audit practices and lead initiatives that improve audit efficiency and effectiveness.
• Support the creation of a continuous monitoring framework for ongoing branch risk oversight, including automated testing for credit risk and credit lifecycle process risks such as regulatory compliance, financial, and operational risks across business lines, segments, products, and channels.

Communication and Stakeholder Management

• Communicate clearly and report findings and progress to stakeholders, including senior leadership.

People Management

• Help develop team capability through engagement, coaching, and performance support.
• Continuously build your own expertise and that of the team through learning and sharing knowledge and proven practices.

Additional Information

This role is based in Maharashtra, India and is a full-time, on-site position.