Trade Audit

Hiring for: A leading private sector bank in India, offering a wide range of banking and financial services to corporate, retail, and institutional clients.

Role: Trade Audit

Positions: 1

Experience: 5 to 15 years

Location(s): Mumbai

Type: On-site / Permanent

Salary: Up to INR 35 LPA

Overall Job Description

Key Responsibilities

• Independently conduct Internal Audits of Trade Finance operations and SWIFT-related controls.
• Regularly review and update Internal and Concurrent Audit checklists to ensure adequate coverage of regulatory requirements and internal controls.
• Ensure timely completion of assigned audits and maintain comprehensive audit work papers within the audit system/application.
• Articulate audit observations clearly and prepare detailed audit reports.
• Discuss audit findings with the Team Leader, Head of Audit, and auditees to conclude audit reports.
• Track, manage, and follow up on pending/open audit issues to ensure timely closure.
• Perform testing related to RBS Tranche III controls.
• Prepare and submit ad-hoc or periodic MIS reports as required by stakeholders.
• Provide recommendations and improvement suggestions to line management for enhancing existing processes and systems.

Concurrent Audit Management

• Ensure timely submission of Concurrent Audit reports.
• Regularly update Concurrent Audit checklists in line with regulatory and internal requirements.
• Perform appropriate review of Concurrent Audit findings and issues.
• Follow up on rectification and closure of Concurrent Audit observations.

Required Skills

• Strong analytical, problem-solving, and interpersonal skills.
• Ability to analyze and interpret complex data effectively.
• Capability to identify and recommend process improvement opportunities.
• Good communication skills, both written and verbal.