Key Accountabilities
Executing the delivery of the Kotak IAD’s Audit plan for the calendar year.
• To assist the Team Supervisor / Team Lead on assigned audit work of KMBL Businesses & Processes. This will entail working on the audit to deliver the Audit Planning Memo, Controls Document, agree issues & action plans with management and submission of draft report to the Team Supervisor.
• Demonstrate sound knowledge of both business/technical areas and expert knowledge in the audit process, including the IA systems, to ensure that audit work is carried out with a high standard that meets all methodologies.
• Demonstrate sound knowledge of regulations governing the bank (RBI, IRDA, SEBI, FEMA, FIMMDA, FEDAI, FATCA, NDS-OM, etc.)
• Conducts reviews to understand end-to-end process, evaluate and highlight key control deficiencies, analyse root cause and discuss / agree with management for effective and timely remediation plans.
• Manage individual workflow to ensure timely report deliveries with quality articulation of audit queries
• Writing high quality audit reports. To embrace and demonstrate effective Audit report writing & presentation skills from E2E perspective (Planning, Execution, Discussion, Clarification, Finalisation, Documentation into system etc.)
• Endeavouring to update awareness of risk issues and changes across relevant business units and use this knowledge to update the audit approach.
• Driving and leading discussions with relevant stakeholders regarding audit observations, consulting with IAD team supervisors / Team Leads.
Decision-making and Problem Solving
• Take into account reputation of Kotak at all times, through positive interactions and adhering to policies, procedures and manuals.
• Set an example and supports fair and ethical behaviour.
• Make sure you are equipped to be able to protect our reputation at all times.
• Challenge others where appropriate, if you believe self to be correct.
• Endeavour to be part in decision making on a broad range of factors, with Kotak’s values at heart - Always Responsible, Always Accountable.
Risk and Control Objective [This section is mandatory for all role profiles]
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Kotak’s Policies and Standards.
Person Specification
Personal attributes essential to performing role including competencies, expertise, knowledge, and experience. Note: experience requirements must not be in the form of years (minimum or otherwise).
Essential Skills/Basic & Preferred Qualifications:
Understanding of Banking Business their products and processes.
• Person who can work alone, close audits and manage stakeholders
• Experience in a BFSI or Finance processes, including audit.
• Understanding of relevant regulatory environment would be an added advantage.
• Experience in data analytics and/or exposure to data science/machine learning techniques would be an added advantage.
