Audit Professional (Internal Audit/Risk Consulting) - Mumbai, India

About the Role

We are seeking experienced Internal Audit professionals to join our global bank. This role involves conducting risk-based internal audits across various functions and business lines, including Asset and Wealth Management (AWM), Private Wealth Management (PWM), Global Markets (GM), Capital Markets (equity and derivative products), Finance, Third-Party Risk Management, Treasury, Credit Risk, and Operational Risk. Your responsibilities will span process consulting, internal audit, and risk consulting across different geographies.

Key Responsibilities

• Conduct risk-based internal audits across diverse global banking functions.
• Perform process walkthroughs and develop Risk Control Matrices (RCM) for audit execution.
• Assess internal controls, identify process gaps, and recommend effective improvements or management action plans.
• Produce comprehensive written documentation for process walkthroughs, RCMs, testing, and audit observations.
• Support or lead audits, including Credit Risk and Trade Management (trade confirmation, trade reconciliation, EOD controls), demonstrating a strong understanding of risk and controls.
• Engage with global stakeholders to discuss audit observations.
• Prepare clear and concise audit reports with actionable recommendations.
• Develop and implement Standard Operating Procedures (SOPs) for process enhancement.
• Evaluate trading desk operations.
• Apply strong analytical and stakeholder management skills in client-facing interactions.

Ideal Candidate Profile

• Experience in Internal Audit or Risk Consulting within a global bank, investment bank, or a Big Four firm.
• Sound understanding of Global Markets and Capital Markets products (equities, futures, options, swaps).
• Strong knowledge of various global bank business lines and the trade lifecycle.
• Solid domain knowledge of securities-related regulations, particularly from the PRA.
• Ability to perform and interpret process gap analyses.
• Excellent written and verbal communication skills, with strong presentation abilities.
• Understanding of control rationalization, optimization, effectiveness, and efficiency.
• Hands-on experience with Data Analytics, Tableau, and data visualization tools.
• Comfortable managing multiple engagements across different functions.
• Willingness to travel.

Qualifications

• Qualified Chartered Accountants (CAs) with articleship from Big Four firms, or MBAs from reputable Business Schools.
• 3-10 years of experience in risk consulting, internal audits, or relevant industry roles within Global Markets, Capital Markets, Operations, or Compliance functions. This includes a solid grasp of internal audit principles, business processes, and sector-specific knowledge.
• Certifications such as Certified Internal Auditor (CIA) or Certified Information Systems Auditor (CISA) are considered an advantage.

Selection Process

• Candidates can expect 2-3 rounds of interviews. The initial 2 rounds will be virtual, with the final round conducted either in-person or virtually. The focus will be on assessing fitment and communication skills.

Compensation

• Compensation is competitive and aligned with industry standards. Specific details will be shared with shortlisted candidates.

Additional Information

• Number of Positions: 10 (5 Consultant, 3 Assistant Manager, 2 Manager)
• Location: Mumbai