AVP - Subsidiary Governance Audit - Worli, Mumbai

Job Description

The role involves: The role provides exposure to multiple financial service entities i.e. Banking, NBFC, Broking, Investment Banking, Mutual Funds, Fintech entities etc. Overseeing audits for subsidiaries of the Bank (Axis Securities Ltd., Axis Finance Ltd., Axis Capital Ltd., Axis Trustee Services Ltd., Axis Asset Management Company Ltd., A. Treds Ltd., Freecharge, Axis Pension Fund Management Ltd.), including Subsidiary Governance and Oversight process at the Bank. Overseeing execution of planned audits for adherence to given schedules / audit / ISO processes and ICAI standards Review of quality of Compliances of Audit reports submitted by Auditee units Ensuring follow up for closure of reports and files within prescribed timelines. Key Responsibilities Reviewing the scope of work and checklist of internal auditors of subsidiary companies. Ensuring that internal audits are conducted within stipulated time and submission of audit reports based on risk based audit norms. Alignment of audit policy and charter of subsidiary with audit policy and charter of the bank Conducting monthly meeting with the audit co-ordinators at the subsidiaries and preparing the minutes. Preparing presentations / notes for Audit Committee of the Board Providing updates / presentations to the senior management on subsidiary governance for internal audit. Reading subsidiary dashboard and subsidiary governance committee presentations to stay updated on the latest developments in subsidiaries. Ensuring timely follow up on closure of audit findings; checking the closure in line with the risk and recommendation; processing the closure of audit issues / reports as per the policy. Timely submission of information relating to subsidiary audits to internal and external stakeholders. Qualifications Optimal qualification for success on the job is: CA/ MBA /CFA/ICWA/IIA 8+ years of relevant experience in audit/ compliance role. Knowledge of SEBI/ IRDAI/ PFRDA regulations is a must. Role Proficiencies: Lead discussions at middle level Good communication (both verbal & written) and inter-personal skills Knowledge of Financial Services industry Ability to understand statutory and regulatory requirements and policies Coordinating and supporting the Banks compliance team during RBI Audits and other external audits Ability to lead and work as a part of team and contribute towards team goals