IA Team Member-SUPPORT SERVICES-Internal Audit

Kotak Overview

Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai, India. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. At Kotak, we expect more from ourselves, than what anyone else expects of us. This way, we are creating a rewarding and delightful experience every day for our customers.

We are an equal opportunity employer and we are opposed to discrimination on any grounds.

Audit Intelligence Analyst 

Purpose: The Audit Intelligence Analyst is responsible for leveraging data analytics and advanced techniques to enhance the efficiency and effectiveness of internal audit processes. This role will contribute to the overall risk management framework by identifying potential risks, weaknesses, and inefficiencies, and recommending corrective actions.

Key Responsibilities:

Control Evaluation:

   * Evaluate the design and operating effectiveness of the audit practices to ensure compliance with regulatory requirements, internal policies, and industry best practices.

   * Identify control gaps and weaknesses that could impact the Internal Audit operations and objectives.

   * Assess the adequacy of control documentation and evidence. 

   * Review, communicate the Regulatory changes for coverage in Audits

   * Collaborate with the Internal Risk management / Compliance team members to understand prevalent risks & suitable inclusions in Audits

Continuous Improvement:

   * Stay updated on industry trends, regulatory changes, and emerging risks.

   * Proactively identify opportunities for process improvement and efficiency gains

   * Contribute to the development and maintenance of the internal audit department's methodologies and standards.

   * Collaborate within the internal audit teams to share knowledge and best practices.

Technical Analysis

• Responsible for leveraging data analytics and advanced techniques to enhance the efficiency and effectiveness of internal audit processes. This role involves utilizing data mining, statistical analysis, and machine learning to identify emerging risks, optimize audit planning, and improve the quality of audit findings. 
• Identify opportunities to improve the efficiency and effectiveness of audit processes through automation and data-driven insights.
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Reporting and Communication:

   * Prepare clear, concise, and well-supported & summarizing findings, conclusions, and recommendations.

   * Communicate effectively with stakeholders at all levels, both verbally and in writing.

Qualifications and Experience:

 * Strong understanding of banking operations and regulatory requirements.

 * Proven experience in internal auditing or risk management.

 * Excellent analytical, problem-solving, and critical thinking skills.

 * Strong attention to detail and accuracy.

 * Excellent written and verbal communication skills.

 * Proficiency in relevant audit software and tools.

By fulfilling this role, the Internal Audit Specialist will play a crucial role in safeguarding the Bank's assets, enhancing operational efficiency, and mitigating risks.

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