Bank Audit Associate-Navi Mumbai(Belapur)

Job Description:

We have an opening for the post of Bank Audit Associate for a reputed Company for their Navi Mumbai(Belapur) Office.

Key Responsibilities:

Loan File Checking:

• Review loan documentation, including applications, credit reports, and financial statements.
• Ensure loans have been approved and documented correctly in accordance with established procedures.
• Identify discrepancies or issues and recommend corrective actions.

Branch Audit:

• Conduct audits of bank branches to assess operational compliance.
• Examine financial transactions, cash handling procedures, and security protocols.
• Report on findings and collaborate with branch staff to implement improvements.

Concurrent Audit:

• Perform real-time audits of ongoing transactions to identify and prevent fraud, errors, and
• inefficiencies.
• Provide regular updates on audit findings and recommendations to relevant stakeholders

.
Statutory Audit:

• Prepare for and conduct annual statutory audits in compliance with regulatory requirements.
• Ensure accurate financial reporting and adherence to accounting standards.
• Prepare and submit financial statements and audit reports.

Documentation and Reporting:

• Maintain comprehensive audit documentation and records.
• Prepare detailed audit reports summarizing findings and recommendations.
• Communicate audit results to management and assist in the development of action plans.

Compliance and Regulatory Knowledge:

• Stay current with banking regulations, industry standards, and best practices.
• Ensure all audits are conducted in compliance with applicable laws and regulations.

Qualifications:

• Bachelor's degree in a relevant field.
• Proven experience in loan file checking, branch audits, concurrent audits, and statutory audits.
• Strong knowledge of banking operations and regulatory requirements.
• Excellent analytical and problem-solving skills.
• Attention to detail and a commitment to accuracy.
• Effective communication and report-writing abilities.
• Relevant certifications (e.g., CIA, CPA) are a plus.
• Ability to work independently and collaborate with a team.

Travel Expenses: All travel expenses associated with this role will be covered by the company.

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Regards,

DC Consultants