Head - Treasury Audit - BFS - Mumbai, India - Talent

Description

Prime responsibility would be to lead internal audits of the integrated treasury encompassing all the functions - Front office, Middle office, Market Risk, Back office and for all the products including Forex, Derivatives, FIMM, etc.

• Develop and execute an audit plan for the Bank's treasury and risk management to ensure compliance with regulatory requirements, internal policies, and industry best practices on an ongoing basis
• Identify and assess risks related to treasury activities, including liquidity risk, market risk, and credit risk, and develop strategies to mitigate these risks.
• Establish and maintain robust internal control procedures to safeguard the Bank's assets and prevent fraudulent activities within the treasury and risk departments
• Lead a team of auditors responsible for conducting regular audits and reviews of treasury and risk functions,
• Prepare detailed audit reports with findings and recommendations for improvements, communicate these findings to senior management and the Board of Directors and track compliance for closure of reports
• Collaborate with the Bank's risk management, compliance, and finance departments to ensure a coordinated approach to risk management and compliance in treasury and risk operations
• Leverage technology and data analytics to enhance the efficiency and effectiveness of audit processes, including the use of data mining and forensic analysis
• Provide training and development opportunities for audit staff to keep them informed about evolving audit techniques and financial products in the treasury sector
• Possess strong communication skills to explain audit findings, recommendations, and risk assessments to nontechnical stakeholders
• Oversight the concurrent audits of the treasury and risk areas providing assistance to the central internal audit function for carrying out audits pertaining to various other units/area