CSB Bank - Internal Auditor - Trade Finance

Role Overview:

Were looking for an experienced trade finance auditor for an individual contributor role based in Mumbai. Candidate would be responsible for conducting audits, reviewing controls, and ensuring regulatory and procedural compliance within the Banks trade finance and forex operations.

Key Responsibilities:

• Conduct end-to-end internal audits of Trade Finance & Forex division.
• Evaluate transaction compliance with regulatory (FEMA, RBI), International (UCP 600, ISBP), and internal guidelines.
• Audit and assess areas including Letters of Credit (LC), Invoice Discounting, TReDS, Export/Import transactions, inward/outward trade, remittances, bank guarantees, buyers credit, Foreign Direct Investment (FDI), Overseas Direct Investment (ODI), ECB, SWIFT reconciliations, Vostro Operations, Money Transfer Service Scheme (MTSS), and other related areas.
• Review adequacy of controls and ensure comprehensive coverage.
• Identify and report control lapses, revenue leakages, and suggest process improvements.
• Prepare observation reports and conclude on findings.
• Prepare and finalize audit reports in coordination with team leader and stakeholders.
• Discuss major audit findings and follow up for closure.
• Ensure timely completion of audits across vertical trade operations units, Category B branches, and retail forex units.
• Maintain audit documentation and update relevant systems/applications.
• Ensure timely submission of regulatory data (e.g., RBI data, tranche I and II, etc.).

Qualification and Experience:

• CA / MBA / Postgraduate in Finance or related field with 5 to 12 years of relevant experience in trade finance audit in banks.
• Candidates with certifications in Trade Finance preferred.