Head - Treasury Audit - BFSI

Role Overview:
- The Head Treasury Audit will be responsible for leading the audit function for Treasury operations, ensuring robust risk management, regulatory compliance, and internal control effectiveness across all treasury activities. The role covers market risk, liquidity risk, investment portfolio review, derivatives, ALM, forex operations, and related controls.
- The incumbent will design and execute the treasury audit strategy, provide independent assurance, and advise senior management on risk exposure and control enhancements.
Key Responsibilities :
1. Treasury Audit Strategy & Planning :
- Develop and implement the annual audit plan for Treasury operations.
Conduct risk-based audits covering :
- Investment portfolios
- Derivatives and hedging activities
- Forex transactions
- Liquidity management
- ALM framework
- Identify emerging risks in treasury functions and update audit approach accordingly.
2. Market & Liquidity Risk Oversight :
- Review adherence to market risk policies and risk limits.
- Evaluate liquidity risk management frameworks.
- Assess stress testing methodologies and scenario analysis processes.
- Ensure compliance with internal risk appetite framework.
3. Regulatory & Compliance Assurance :
Ensure compliance with :
- RBI guidelines

- Basel norms (as applicable)
- Internal treasury policies
- Accounting standards (valuation, fair value, hedge accounting)
- Monitor regulatory changes impacting treasury operations.
- Support regulatory audits and inspections.
4. Controls & Governance Review
Evaluate effectiveness of :
- Deal confirmation processes
- Settlement controls
- Reconciliation mechanisms
- Valuation models
- Review segregation of duties within treasury operations.
Assess IT systems supporting treasury transactions.
5. Derivatives & Complex Instruments Audit :
- Review risk management of derivatives exposures.
- Validate pricing models and valuation methodologies.
- Assess documentation and compliance for hedging instruments.
6. Team Leadership :
- Lead and mentor treasury audit team members.
- Define audit methodology, templates, and reporting standards.
- Conduct technical training on treasury products and market risk concepts.
7. Reporting & Stakeholder Management :

- Present audit findings to Audit Committee and Senior Management.
- Provide actionable recommendations to strengthen controls.
- Track remediation status of audit observations.
Key Performance Indicators (KPIs) :
- Completion of treasury audit plan within timelines
- Reduction in high-risk audit observations
- Timely closure of regulatory gaps
- Quality of audit reports and management feedback
- Improvement in treasury control environment
Required Qualifications :
Bachelor's degree in Finance/Accounting/Economics/Commerce
- MBA (Finance)/CA/CFA preferred
- Certifications such as CIA / CISA / FRM will be an advantage
Experience Required :
18+ years of experience in :
- Internal Audit/Risk/Treasury functions
- Market risk/ALM/Investment operations
- Banking or NBFC environment
- Strong exposure to treasury products and regulatory framework.