Inspection and control

About Business line/Function:

• Inspection and controls team is crucial team of Sharekhan.
• Various audit activities of Inspection and controls team are used for adequate control and due diligence on Authorised persons of share khan and Branches.
• Inspection and controls team ensure to control revenue leakage and fraudulent activities through various control measures.

Business review:

head the team of 11 staff members to Complete his Inspection and controls various activities.

• Overview of All departments activities by Sample check method
• Activities need to be discussed with Department heads for further clarification.
• Deviation, Duplication, Revenue leakage etc. observed need to be noted and escalated.
• Comprehensive report to be prepared and need to be shared with HOD.

• Regulatory Audit:

• Review of New circulars by All exchanges and Controlling authorities such as SEBI, NSE, BSE, MCX
• Review of Penalty structures and Penalty levied.
• Review of Process after Implementation of Circulars
• Monitoring of Compliance tracker
• Review of Order placement mechanism

• Fraud Prevention:

along with his Team will observe and ascertain fraudulent activities from its department overview activities and other activities of Inspection and controls team and report to HOD.

Report Preparation and Presentation

prepare report on department overview / Regulatory audit and present to upper management whenever demanded by HOD.

Direct Responsibilities

• Determine Business review scope of all departments and Annual Plan for the execution.
• assign various roles to his staff for all inspection and controls activities.
• monitor unusual / Problematic / fraudulent / Revenue Leakage observations if any reported by his staff.
• unusual / Problematic / fraudulent / Revenue Leakage observations need to report HOD ASAP
• prepare reports and provide presentations to upper Management.

Determine Business review scope of all departments and Annual Plan for the execution

• Lead the team for execution of review process and reporting
• High attention to details and excellent analytical skills
• Sound Independent Judgement
• Proven knowledge of Auditing standards and regulatory compliance standards
• Engage to continuous knowledge development of exchange circulars, amendments, regulations, Penalties structure

Presentation skills are must as profile requires preparation of reports and Presentation to upper management