Internal Audit:Senior Auditor - Revenue & Cost Audit

Axis Bank

  • Mumbai, Maharashtra
  • Permanent
  • Full-time
  • 16 days ago
Job Description:Internal Audit:Senior Auditor - Revenue & Cost AuditINTERNAL USAGE:
No. of Vacancies: Reports to:
Is a Team leader? No Team Size:Grade: DM - AVP
Business: Corporate Centre Department: Internal Audit Sub-Department:
Location: MumbaiAbout DepartmentInternal Audit function of the Bank, operates independently under the supervision of the Audit Committee of the Board and is responsible for providing an independent view to the Board of Directors and Senior Management on the quality and efficacy of the internal controls, risk management systems, governance systems and processes in place on an on-going basis. This is provided to primarily ensure that the business and support functions are in compliance with both internal and regulatory guidelines.About the Role
The Revenue and Cost Audit Division tries to leverage the analytical functions to undertake revenue assurance assessments based on risks. The Revenue and Cost Auditor executes revenue and cost audits across revenue streams/ expenses in line with internal and regulatory guidelines.Key Responsibilities Undertake revenue assurance assessments based on risks associated with the revenue cycle.
 Identify key processes and activities having significant revenue impact.
 Execute revenue and cost audits across revenue streams/ expenses in line with internal and regulatory guidelines.
 Provide recommendations for revenue recognition and opportunities
 Assess the opportunities to be undertaken to identify cost optimization opportunities
 Develop tests of transactions and evaluating audit findings
 Prepare audit reports and synopsis
 Prepare detailed spend analysis, quantified cost reduction opportunities and implementation roadmap for each identified opportunityQualificationsOptimal qualification for success on the job is:
  • Graduate/ CA/ MBA
  • 2 – 12 Years experience in Banking or similar sector
Role Proficiencies:For successful execution of the job, the candidate should possess the following:
  • Good communication (both verbal and written) and inter-personal skills
  • Strong Excel and database manipulation skills, financial and statistical analysis skills)
  • Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment
  • Ability to prioritize and make decisions in a fast-paced environment
  • Ability to manage multiple tasks/projects and deadlines simultaneously
Skills:Refer to the Job DescriptionAbout Company:Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a large footprint of 4,594 domestic branches (including extension counters) with 11,333 ATMs & 5,710 cash recyclers spread across the country as on 31st March, 2021. The Bank has 6 Virtual Centres and has over 1500 Virtual Relationship Managers as on 31st March 2021.The Overseas operations of the Bank are spread over eight international offices with branches at Singapore, Dubai (at DIFC) and Gift City-IBU; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an Overseas subsidiary at London, UK. The international offices focus on Corporate Lending, Trade Finance, Syndication, Investment Banking and Liability Businesses

Axis Bank