[New Job Vacancy] Segment Head, Business Audit job in DBS Bank, (Maharashtra) – Jobs in Maharashtra

Are you searching for a Perfect job or looking for new opportunity then ebusinessarticle.com is best choice for you to search your dream Job.

Job Opening details:-
Company Name :-
DBS Bank
Position Name :-
Segment Head, Business Audit
Company Location :-
Job Category :
 General jobs

Full Job Description :-
Audit helps the Board and Executive Management meet the strategic and operational objectives of the DBS Group. We conduct independent checks to ensure that the Group’s risk and control processes are adequate and effective. All our team members are highly sought-after professionals who work as trusted advisors to our clients, in all matters related to a company’s internal controls.
Job Purpose :
Support Location Audit Head (LAH) – Audit in providing the Audit Committee, the Board of Directors and Senior Management an objective and independent quality & timely assurance on the adequacy and effectiveness of risk management and internal controls within DBIL (particularly Treasury & Markets’ business and related support/controls functions including Market & Liquidity Risk).
Assisting the LAH – Audit in development of the Audit strategy and audit planDriving the execution of the audit plan and audit engagements as and when assigned, in accordance with the Departmental, ICAI and IIA standardsAssisting the LAH – Audit for various audit related reporting
Relationship Management
Manage & maintain key stakeholder relationships both the internal relationships with senior management (including the heads) of the Business/Support Units (both in-country and head office) as well as the relationships with external stakeholders (includes external auditors and regulators)Promote Audit’s role as Trusted Advisor / Learning Facilitator / Boundary Spanner to the BU/SUs in control mattersRaise issues and observations with and provide insights and constructive feedback to the appropriate levels of management so that significant risk and control issues are escalated and resolved timely, adequately and effectively.Assist LAH to communicate and deliver timely, concise and insightful risk & control issues to Audit Committee, Board of Directors, Board / Management Committees, Senior management (India & Group)Build and maintain strong industry connect with Internal audit professionals within and outside BFSI to bring in insights on emerging risks/controls and cutting-edge internal audit practices
Audit Plan and Strategy
Review the annual/continuous risk assessment, develop and manage the audit strategy and planOwn, Lead & manage the execution and completion of all audit engagements in accordance with Departmental, ICAI and IIA standards. Manage assignments efficiently and effectively including approving / reviewing the audit planning, risk matrices, and testing strategy.Lead and embrace Change by being a Thought Leader in AuditActively contribute to Group Audit’s Vision and Mission (including ‘Future of Audit’ initiatives) through proactive, agile and continuous auditing by embracing digital and data-driven mindsetLead the on-going (continuous) monitoring & auditing of DBIL’s businesses by applying business, industry and market insights to identify any emerging risksKeep abreast of emerging issues in the BU/SUs, perform on-going risk and control assessment of the units and raise the necessary plan changes to reflect material changes in the assessmentsReview the periodic MIS reports timely and ensure complete and accurate data is monitored. Exceptions or deviations are escalated for Audit management’s attention.Assess adequacy and effectiveness of controls over key risks focusing on the key areas of audit focus.
Subject matter expertise
Contribute in subject areas by providing subject matter expertiseActively advise and promptly apprise the LAH and Functional Audit Head (FAH) / Deputy FAH in Singapore of all major risk, control and regulatory issues arising during the audits, identified during continuous monitoring and continuous auditing, and, through regular contact with the BU/SU senior/line management.Participate in control forums within the BU/SU including periodic senior management or committee meetings, playing an active role being Voice of ConcernProvide advice to BU/SU on control related mattersApplying quality control through monitoring the work performed in accordance with the Audit Manual and IIA standardsSupport LAH in reviewing new products / services / initiatives from risk and control perspectiveAscertain that major concerns and recommendations raised by internal and external auditors and regulators are resolved by the BU/SU promptly, adequately and satisfactorilyAssist LAH on the matters strategic to India Audit / DBIL / Group Audit / DBS GroupSupport LAH in development / refinement of the audit policies / processes at local levelPrimarily responsible for periodic management reporting (such as Group / Local Audit Committee report etc.) for the designated BU/SU portfolio
People Management & Staff development
Recruit and manage team resources in execution of audit planEnsure the right level of expertise and resource are provided in covering various audits and non-audit workCoach / Mentor / Guide the audit team members on audit engagements and Provide regular performance feedback.Establish resource development and training strategyKeep abreast of own professional development to enhance one’s skills and competenceOwn, lead and execute Group / Bank / Team level employee initiativesDrive E! in the team
Education & Requirement
15+ years’ relevant experience either in internal audit and/or in risk management and/or in business/support functions primarily relating to Treasury & markets, Market and Liquidity Risk, Basel / ICAAP.Expected to understand the Internal Audit standards and the general audit practices
Technical Competencies
Strong Knowledge of Indian Audit & Accounting regulations as well as IIA Standards,Strong knowledge of Banking regulations, Products, Businesses & Operational processes relating to Treasury & Markets, Market and Liquidity Risk Management and related regulationsProficiency in Microsoft Office (Excel, Word & PPT)

Primary Location: India-Maharashtra-Mumbai
Job: Audit
Schedule: Regular
Employee Status:
Job Posting: Mar 23, 2022, 1:24:28 AM

Disclaimer : ebusinessarticle.com is only helping our audience to check various job listing in various companies. We have not providing any job nor taking any registration fees. We have no legal responsibility over the details mentioned on our website. candidates are requested to check company profile before joining.

Leave a Comment

Your email address will not be published. Required fields are marked *