The Commercial & Investment Banking is a global leader across banking, markets, securities services and wholesale payments. The Corporate & Investment Banking Audit Team is responsible for assessing the adequacy of the control environment. This is achieved through a program of audit coverage, which is performed and managed by a global team of integrated business and technology audit specialists.

 

As a Commercial and Investment Banking Audit Associate based in Mumbai as part of the Markets and Utility Operations Audit team, you will participate and partner with teams to execute audits across operation groups, with a particular focus on Markets and Securities Operations, and Utilities. This will involve ensuring appropriate audit coverage, participating in the planning and execution of audits, and maintaining effective relationships with key business stakeholders. This will be accomplished through a risk-based audit coverage program, managed and executed by a team of business and technology audit specialists.

 You will be involved in audit engagements, performing and documenting audit testing, and partnering closely with global Audit colleagues and business stakeholders. The role will require you to use your judgment to enhance internal controls, and offer you the chance to gain a comprehensive understanding of key functions and controls, and the related regulatory landscape. 

Responsibilities:

• Participate in all aspects of audit activities including risk assessments, audit planning, audit testing, control evaluation, issue drafting, and follow up and verification of issue closure, in close partnership with and support of senior auditors and /or audit managers, and ensuring audit assignments are completed timely and within allocated budget
• Work closely with Audit colleagues in the early identification of emerging control issues and reporting them timely to Audit management and business stakeholders while adhering to audit standards
• Develop recommendations to strengthen internal controls and improve operational efficiency
• Identify risks and prioritize audit work as part of a risk based audit program in close partnership with the wider Audit team
• Build and maintain strong working relationships with stakeholders, business management, other control groups while maintaining independence
• Take ownership of self-development, including stretch assignments, to prepare for greater responsibilities and career growth, and take initiative to seek out opportunity for continued learning
• Stay up-to-date with evolving industry / regulatory changes and market events impacting the business and demonstrate technical competency
• Foster a business climate and culture that encourages integrity, respect, diversity, excellence and innovation

Required qualifications, capabilities and skills

• Minimum 6 years of internal or external auditing experience, or relevant business experience
• Minimum Bachelor's degree (or relevant financial services experience) 
• Ability to operate as an effective auditor, with a solid understanding of internal controls and the ability to evaluate and determine the adequacy of controls for a given set of risks
• Experience with internal audit methodology and applying concepts in audit delivery and execution
• Excellent written, verbal, and presentation skills; adept at presenting complex and sensitive issues to senior management
• Strong interpersonal and influencing skills, with the ability to establish credibility and build partnerships with senior business and control partners, while also influencing the actions of the business to improve its control environment
• Strong analytical skills, particularly in regard to assessing the probability and impact of an internal control weakness
• Proven ability to multi-task and prioritize effectively, and drive efficiency with existing technical infrastructure through automation, while embracing the innovative opportunities offered by new technologies
• Enthusiastic, self-motivated, effective under pressure and willing to take personal risk and accountability 
• Ability to work well individually, and in teams, share information, support colleagues and encourage participation

Preferred qualifications, capabilities and skills

• Chartered Accountant or equivalent, Certified Internal Auditor, and/or Advanced Degree in Finance or Accounting 
• Relevant working experience in Commercial and Investment Banking business

The Senior Audit Associate will plan and execute audits within Commercial and Investment Banking.