Vertical Head - Quality Assurance - Internal 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: Vertical Head - Quality Assurance - Internal Audit

Experience: 10 to 15 years

Location(s): Prabhadevi, Mumbai

Salary: Up to INR 50 LPA

Role Purpose: Lead the Quality Assurance & Improvement Program (QAIP) for Internal Audit, ensuing audits meet regulatory standards, IIA standards and internal methodology. Drive audit quality across planning, fieldwork, reporting, root-cause analysis, issue sustainability testing and stakeholder communication.

Key Responsibilities:

• Design and execute the QAIP (ongoing internal assessments and thematic reviews).
• Define quality criteria and checklists for review of audit reports.
• Enforce consistency in scoping, testing, working papers and evidence standards across audits.
• Review closure of audit findings.
• Review audit planning documents (risk assessments, scoping matrices, sampling methodology).
• Validate regulatory coverage for each audit.
• Challenge sufficiency of sample size and testing depth.
• Ensure scope exclusions are justified and centralized monitoring of decentralized activities is assessed.
• Verify quality of root cause analysis, impact assessment and linkage to system / process control gaps.
• Ensure repeat / persisting issues and sustainability testing of prior RAR observations are addressed.
• Validate findings grading, recommendations and auditee response.
• Update templates and audit methodology, embed data analytics, automated testing and control libraries.
• Present QA dashboards, quality scores and systemic themes to HIA and Audit Committee.

EDUCATION

Essential requirement:  Graduate / Post-Graduate

Preferred: CA / MBA / FRM

Certifications: CIA / CRMA (IIA), CISA, CAMS

WORK EXPERIENCE

10-15 years in internal audit / second line (QA or experience in audit methodology will be added advantage)