Business Audit - Model


 Bangalore - India       Permanent contract        Audit

Responsibilities

 Responsible for delivery of quality audits within specified budget as per Audit Plan and recommendations management (issuance, follow- up and closure)

Coaches and guides auditors/audit trainees on missions and otherwise.

All our positions are open to people with disabilities

Profile Required

Good understanding of mathematics behind the development of pricing  and market risk models is desired.


- Prior Experience in leading audits independently from planning to closure of audit recommendations


- Excellent audit report writing skills


- Excellent stakeholder management skills and presentation skills


- Exposure of working on Integrated audits.


- In-depth understanding on quality initiatives within audit function


- Fluent Command over English Language (oral as well as written)


Knowledge of Data analytics would be an added advantage.


Behavioral Competencies. 


Client Focus


Coaching skills


People Development


Change management


Stakeholder management


Team Leadership


Ability to work with diverse teams/Team player


Conflict management


- Excellent audit report writing skills


- Excellent stakeholder management skills and presentation skills


- Exposure of working on Integrated audits.


- In-depth understanding on quality initiatives within audit function


- Fluent Command over English Language (oral as well as written)


Knowledge of Data analytics would be an added advantage.


Education - 


Master's or Ph.D. in a quantitative discipline such as mathematics, statistics, operations research, physics, or economics 

Certification - 


Having any of CQF/CFA/FRM certifications is an added advantage



Business Insight

Audit entire model life cycle, i.e. development, validation, implementation, policies, governance, and use as per SR11-7 standards. Models includes predominantly pricing models both in Equity and Fixed income asset classes. Good understanding of pricing model concepts such as stochastic calculus, montecarlo methods and stochastic calculus is required.

Contributes to execution of audits (Standalone/Global) as per Audit Plan and issue recommendations.
Contributes to the shared services mission and and other activities assigned.
Active participation in annual risk assessment exercise.
Guiding and coaching Audit trainees on audit assignmentsEducational Requirements: Chartered Accountant/ MBA Finance
Certification required: Certified Internal Auditor 
Range of Experience: 5 to 8 Yrs. of Experience
Role Title: Business Auditor (CL 7)
Technical: 

Good understanding of the Banking/Financial operations and accounting standards and activities. Investment banking operations, Trade services, Group reporting, IFRS etc. 

Good understanding of the applicable banking regulatory and statutory norms

Functional:

Good Working experience on Investment banking and capital market instrumentsResponsibilities + Duties:

1) Being a contributor to the audit life cycle from planning to testing, reporting and closure of recommendation under the guidance of the Head of Mission/Senior Auditors, he assists audit management in execution of Audit plan. The audit work performed should comply with prescribed quality and timelines. Shared services missions may involve onshore travel.
2) Maintains clear work papers and audit trail of the work done in the audit workflow tool, in accordance with the prescribed methodology. 
3). Be a part of the quality initiative taken by the Audit department and deliver audit related work as per prescribed timelines and quality standards.
4) Makes appropriate recommendations to improve SG processes
5) Follow-up recommendations issued timely and escalate when needed
6) Acquire knowledge on activities and risks during assignments and via trainings 
7) Stakeholder management as a part of Continuous audit monitoring

Good understanding of Audit lifecycle from planning to closure of recommendations. Prior experience of performing controls testing/ executing audits independently.

Sound understanding of Risk based audit methodology, risk assessment and audit planning.

Good audit report writing skills

Ability to work on multi location/global audit with large and diverse teams.

Sound understanding/exposure on quality initiatives within audit function.

Fluent Command over English language (oral as well as written)

Knowledge of Data Analytics would be an added advantage

Behavioral:

Result Orientation and time management

Client Focus

Contribution to Strategy

People Development

Change management

Cooperation

Team Leadership

Ability to work with diverse teams/Team player

Conflict management

Job code: 19000LSB
Business unit: SG Global Solution Centre
Starting date: Immediate
Date of publication: 03/09/2019
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Business Audit - Model

Permanent contract   |   Bangalore - India   |   Audit