Vertical Head – Treasury & Risk 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 – Treasury & Risk Audit

Positions: 1

Experience: 15 to 20 years

Location(s): Mumbai

Type: On-site / Permanent

Salary: Up to INR 60 LPA

Job Description for Internal Audit  – Vertical Head – Treasury & Risk Audit

Position Summary

Job Title - Vertical Head – Treasury & Risk Audit

Reports To - Head – Treasury & Risk Audit

Function - Internal Audit        

Location - Prabhadevi, Mumbai

Job Purpose –

·      Responsible for planning and execution of Internal Audits across Treasury functions and Risk functions.

·      Lead audits of Treasury such as Forex (Merchant & Interbank), Derivatives, Investments (SLR / Non‑SLR), Money Market, NDTL computation, and regulatory reporting.

·      Lead audits of risk such as ICAAP, Stress Testing, Operational Risk, Model Risk, ALM (SLS, IRRBB, LCR, NSFR, Leverage Ratio).

·      Thorough understanding of Treasury operations, Mid-office & Market risk controls and Front office functions including trade lifecycle and regulations.

·      Ensure comprehensive audit coverage and quality as per approved scope.

·      Ensure timely completion of audits as per the annual audit plan.

·      Identify control weaknesses, process improvement opportunities, and risk‑mitigation measures.

·      Prepare audit reports with clear observations, root‑cause analysis, and recommendations.

·      Communicate audit findings effectively to senior management and present to Audit Committee.

·      Supervise, manage, and guide audit team members; monitor performance periodically.

·      Implement continuous monitoring mechanisms for Treasury and Risk areas.

·      Drive completion of UATs, system enhancements, and process reviews assigned to the audit vertical

·      Prepare ACB memos, presentations, and dashboards for senior leadership and Board‑level committees.

·      Prepare annual Treasury & Risk Audit Plan, including risk‑based coverage.

·      Manpower planning for audit engagements and allocation of resources as per complexity and timelines.

·      Ensure periodic trainings are conducted for the audit team to enhance technical knowledge and audit capability.

Preferred Skill Set

Educational / Professional Qualification

Graduate / Postgraduate

Additional qualification: CA / MBA (Finance) / FRM / CFA or equivalent preferred. (Preferred)

Technical Knowledge/

·      Sound knowledge of Finacle system/MS-Office Product Suite (Excel, word, Power-point)

·      Effective written, verbal and presentation skills

·      Hard working & adaptable to challenging environment

Work Experience (in yrs)

·      Minimum 15+ years in:

·      Treasury & Risk Audits

·      Market Risk / ALM / ICAAP / Stress Testing / Model Risk

·      Bank Treasury, Risk, or Financial Control functions

Others

·      Ready to travel