Internal Audit - Treasury - Mumbai

Job Description:

• To assist the Team Lead on assigned audit work involving Financial Markets. This will entail working & supervising on the audit to deliver the Audit Planning Memo, Controls Document, agree issues and action plans with management and submission of draft report to the Team Supervisor and Team Lead for review.
• Well understands the different Financial Market and Treasury products viz – Forex, MM, Bonds, Swaps, Bullion, Metals, Equity and Derivatives. Knows the life cycle of the same and the risks associated in dealing with these products
• 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 to a high standard that meets all methodology.
• Demonstrate sound knowledge of regulations governing the financial market (RBI, SEBI, FIMMDA, FEDAI, FEMA, ICG)
• Ensure that the entity frames policies and procedures relating to all treasury activities and review them for adequacy and coverage.
• Determine whether management has planned for liquidity needs for both normal operating conditions and emergency situations
• Ensure adequate physical and access control procedures are in place in the department.
• Verify existence of satisfactory controls exist in the processing of deals
• Ascertain that the entity receives favourable rates for all its deals.
• To check that there is accurate recording and accounting of positions
• Ensure that their there is proper documentation procedures and filing systems in place.
• Ensure that limits are set for different procedures and they are adhered to in a consistent manner.
• Verify that any violations are promptly reported and properly dealt with.
• Ensure that reconciliation is being made timely and accurately.
• Thorough with all the risk types and is knowledgeable in advising on ways to mitigate them.
• Well understands all the stages of audit.
• To embrace and demonstrate effective Audit report writing & presentation skills from E2E perspective (Planning, Execution, Discussion, Clarification, Finalisation, Documentation into system etc.)

Qualifications

• A degree holder with at least 7 years of experience in internal audit of a financial institution and/or relevant experience in the following areas at a supervisor level :
  • Treasury activities in front, middle and back offices, covering money market, foreign exchange, structured investment products and derivatives including market risk management and asset liability management
  • Professional qualifications e.g. Chartered Accountant (CA), Certified Internal Auditor (CIA) will be an added advantage.
• Strong interpersonal skills and ability to work as a team.
• Enthusiasm, self-initiative and be effective under pressure, possess good work attitude and be able to respond positively to change.
• Good writing skill in English is essential as work involves report writing.
• Fluent verbal communication skill and be able to present audit issues to management.