Commercial and Investment Banking - Compliance Audit Associate

This role is for an experienced audit professional to join the Commercial and Investment Banking (CIB) Business Audit Team reporting to Commercial and Investment Banking Audit lead in Mumbai and Commercial and Investment Banking Compliance Audit lead in New York.

Job Summary

As a Commercial and Investment Banking Compliance Audit Associate based in Mumbai as part of the CIB Compliance Audit team, you will provide coverage of Commercial and Investment Banking Compliance activities, including compliance with various US and international rules and regulations, other corporate functions including control management, marketing & communications, and legal and regulatory related activities, by evaluating the adequacy and effectiveness of the control environment across regions. This will be accomplished through a risk-based audit coverage program, managed and executed by a team of business and technology audit specialists. 

You will be involved in audit engagements, performing and documenting audit testing, and partnering closely with global Audit colleagues and business stakeholders. The role will require you to use your judgment to enhance internal controls, and offer you the chance to gain a comprehensive understanding of key CIB central functions and controls, and the related regulatory landscape. 

Job Responsibilities

• Participate in all aspects of audit activities including risk assessments, audit planning, audit testing, control evaluation, issue drafting, and follow up and verification of issue closure, in close partnership with and support of senior auditors and /or audit managers, and ensuring audit assignments are completed timely and within allocated budget
• Work closely with CIB Compliance Audit colleagues in the early identification of emerging control issues and reporting them timely to Audit management and business stakeholders while adhering to audit standards
• Develop recommendations to strengthen internal controls and improve operational efficiency
• Take ownership of self-development, including stretch assignments, to prepare for greater responsibilities and career growth, and take initiative to seek out opportunity for continued learning
• Build and maintain strong working relationships with stakeholders, business management, other control groups while maintaining independence
• Stay up-to-date with evolving industry / regulatory changes and market events impacting the business and demonstrate technical competency.

Required qualifications, capabilities and skills

• Minimum 5 years of internal or external auditing experience, or relevant business experience
• Minimum Bachelor's degree (or relevant financial services experience) 
• Ability to operate as an effective auditor, with a solid understanding of internal controls and the ability to evaluate and determine the adequacy of controls for a given set of risks
• Experience with internal audit methodology and applying concepts in audit delivery and execution
• Excellent written, verbal, and presentation skills; adept at presenting complex and sensitive issues to senior management
• Strong interpersonal and influencing skills, with the ability to establish credibility and build partnerships with senior business and control partners, while also influencing the actions of the business to improve its control environment
• Strong analytical skills, particularly in regard to assessing the probability and impact of an internal control weakness
• Proven ability to multi-task and prioritize effectively, and drive efficiency with existing technical infrastructure through automation, while embracing the innovative opportunities offered by new technologies
• Enthusiastic, self-motivated, effective under pressure and willing to take personal risk and accountability 
• Ability to work well individually, and in teams, share information, support colleagues and encourage participation.

Preferred qualifications, capabilities and skills

• Chartered Accountant or equivalent, Certified Internal Auditor, and/or Advanced Degree in Finance or Accounting 
• Relevant working experience in Commercial and Investment Banking business