IDFC FIRST Bank | Audit Executive-Business Process

Primary responsibilities

• The role is responsible for supporting the transformation of the Retail Liability Branch Audit framework through the adoption of data analytics, offsite review mechanisms, and continuous monitoring of key branch controls.
• The role holder will undertake focused offsite reviews across customer onboarding, KYC, and mule-account-related controls, while contributing to initiatives aimed at improving the efficiency, effectiveness, and risk coverage of branch audits.
• The role requires close collaboration with Internal Audit teams, business units, operations, compliance, technology, analytics, and other relevant stakeholders to support the end-to-end implementation of audit transformation projects and control enhancements
• Support the transformation of the branch audit methodology by identifying audit procedures and control checks that can be transitioned from onsite verification to offsite, data-driven review.
• Evaluate existing branch audit procedures to identify opportunities for centralisation, automation, standardisation, and enhanced risk coverage.
• Assist in developing and implementing offsite monitoring for the continuous assessment of key branch risks and controls.
• Contribute to the development of risk indicators, exception reports, and data-driven triggers for identifying areas requiring targeted review.
• Audit Process Improvement and Automation.
• Support and drive initiatives aimed at improving the efficiency, effectiveness, consistency, and coverage of branch audits.
• Work with Audit Analytics and relevant technology teams to translate audit requirements into analytical tests, automated checks, dashboards, and monitoring solutions.
• Participate in requirement gathering, process mapping, test design, user acceptance testing, and implementation of audit-related enhancements.
• Prepare clear, factual, and well-supported review findings, highlighting the control gap, underlying cause, risk implication and required corrective action.
• Support focused deep-dive reviews where offsite monitoring identifies heightened or recurring risks.
• Engage with internal / external stakeholders to support audit transformation initiatives.
• Coordinate requirements, dependencies, deliverables, and implementation timelines across participating teams.
• Collaborate with internal stakeholders to leverage in-house synergies.
• Contribute to knowledge-building initiatives and team development.

Requirements

• Chartered Accountant or postgraduate degree in Finance, Banking, Business Administration, or a related discipline.
• Excellent written and verbal communication skills.
• Strong analytical, problem-solving, and critical-thinking abilities.
• Sound understanding of Retail Liability products, retail branch banking, and branch operations.
• Working knowledge of customer onboarding, KYC, AML, and branch-level control processes.

IDFC FIRST Bank

IDFC FIRST Bank is an employer hiring in India (sector: BFSI / Investments / Insurance). In its own words: "At IDFC FIRST Bank we provide comprehensive personal banking services tailored to your needs."

CA Samaaj lists IDFC FIRST Bank's current India openings for finance, accounts, audit and tax professionals, taken from its official careers site (careers.idfcfirst.bank.in) and checked regularly to remove closed jobs. Recent roles are based in Mumbai, Jaipur, Thane and Bengaluru.

• Industry: BFSI / Investments / Insurance