CHARTERED ACCOUNTANT- BANK AUDIT ASSOCIATE

Job Title: Chartered Accountant- Bank Audit Associate

Location: Pune

Experience: 0-2 years

Qualification: Chartered Accountant (CA)

 Role Summary:

 We are looking for a qualified CA with 0-2 years of experience in auditing Banks. The role involves executing end-to-end audit procedures, including testing of advances, investments, deposits, revenue recognition, and treasury operations, while ensuring compliance with RBI guidelines, Ind AS, and prudential norms.

 Key Responsibilities

1. Planning & Risk Assessment

• Assist in developing audit plans, conducting risk assessments, and selecting advance/loan samples as per defined criteria.
• Evaluate internal controls and compliance with bank policies and regulatory requirements.
• Perform tests of controls to assess their effectiveness in mitigating risks.
• Coordinate with auditees for audit requirements and ensure timely follow-up.

2. Branch Audits

• Visit selected branches and conduct Credit Audit, Branch Operations Audit, and review of branch statements.
• Examine credit policies for adequacy, updates, and regulatory compliance.
• Verify selected loan files as per the audit checklist, including loan applications, approvals, collateral documentation, and customer financial information.

3. Head Office Department Audits

• Conduct audits of various Head Office departments as per the defined scope.
• Perform financial audits, including financial statement review and transaction testing.

4. Reporting

• Document audit findings, including non-compliance, control weaknesses, and potential risks.
• Discuss findings and recommendations with bank management and obtain feedback.
• Prepare comprehensive audit reports and submit them to the Manager and Partner for review.

5. Documentation

• Ensure all audit procedures, evidence, and conclusions are properly documented.
• Maintain clear, concise, accurate, and timely documentation that enables an experienced auditor to understand the work performed and conclusions reached.
• Use the firms standardized templates and formats for consistency and ease of review.
• Ensure secure storage and restricted access to audit documentation.
• Archive audit records to protect them from unauthorized access, alteration, or destruction.

Qualifications/Required Skill Set:

• CA with 0-2 years of relevant audit experience
•  Proficient in MS Office; good documentation and communication skills

 Experience:

• Should have done articleship from a audit CA firm having atleast 3-4 partners.
• Strong understanding of RBI regulations, Ind AS, and banking processes
• Prior experience in a CA firm or audit of financial institutions preferred