Head of Internal Audit

Job Description
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Position: Head of Internal Audit
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The responsibilities are:

 Carry out an independent appraisal of the effectiveness of the policies, procedures and standards by which the bank’s financial, physical and information resources are managed
 Add value by acting as a facilitator in business risk management and carrying out value for money reviews, thereby assisting the management in the effective discharge of their responsibilities.
 Managing the regulatory risks and controls for the assigned regulation, law or line of business to ensure compliance with applicable laws and regulations.
 To work with management to ensure a system is in place which ensures that all major risks of the bank are identified and analyzed, on an annual basis
 To plan, organise and carry out the internal audit function including the preparation of an audit plan which fulfils the responsibility of the department, scheduling and assigning work and estimating resource needs
 To report to both the audit committee and management on the policies, programmes and activities of the department
 To coordinate coverage with the external auditors and ensure that each party is not only aware of the other’s work but also well briefed on areas of concern
 To make recommendations on the systems and procedures being reviewed, report on the findings and recommendations and monitor management’s response and implementation
 To review and report on the accuracy, timeliness and relevance of the financial and other information that is provided for management
 To work with management to ensure a system is in place which ensure that all major risks of the bank are identified and analyzed, on an annual basis
 To report on the value for money that the Bank obtains in all its activities with special regard to economy, efficiency and effectiveness
 To conduct any reviews or tasks requested by, the audit committee and management provided that such reviews and tasks do not compromise the independence or objectivity of the internal audit function
 To provide both management and the audit committee with an opinion on the internal controls in the Bank.
 Monitors and evaluates operations, programs, processes and/or practices for quality and effectiveness; makes recommendations for improvement.

Qualifications:

 Master degree.
 7-10 years experience directly related to Internal Audit in a commercial bank where at least 3 years as Internal Audit Manager in a commercial bank.
 Fully functional in monitoring of documentation, compliance and policies of the bank.
 Being able to bring advices for improvements.
 Excellent analytical, creativity and problem solving skills.

Head of Risk Management

Job Description
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Position:
Head of Risk Management
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Organisational Context:

- Member of the Commercial and Risk departments

Reports to:
- Chief Operating Officer

Key Reportees:

- Members of Credit Policy / Risk Management department

Overall Job Purpose:

- Contribute to the strategic direction of the Bank through the development and implementation of Risk Management strategies, policies and procedures in support of the Bank’s business goals.

Key responsibilities:
- Manage the Risk Management department in delivering high quality and professional service to the bank and the clients in the field of risk management.

- Propose and promote a common risk culture and awareness to be accepted throughout the bank, in particular by the Bank’s Risk, Commercial and Operation Divisions, as evidenced by the introduction of credit committee, individual accountability and majority voting etc.

- Set objectives for measuring, monitoring, evaluating and optimizing the risk exposure of the bank and ensure that they are reported in a timely manner to regulatory entities and the management of the Bank.

- Ensure that the Bank’s risks are properly addressed in terms of compliance with current and future rules and regulations established by local, foreign and supranational regulators as well as BANK’s own rules and regulations.

- Be the executive of BANK responsible for contacts with high level external authorities locally and abroad for Risk Management matters and for meetings with management of banks and companies with which BANK has a relationship, in order to obtain the most updated risk management information and to facilitate the future business cooperation.

- Recommend and maintain proper approval processes for all transaction types to ensure proper risk control; determine the capital requirements and provisions for each of the Bank’s products and activities to ensure sufficient provision on the book at all time.

- Ensure that the flow of new past due loans and non-performing loans stops in the Bank by the establishment of stricter rules for approval and a clear strategy on the industry segments that are to be pursued and target clients to be selected.

- Ensure that classified loans are reported and properly administered and that effective strategies to restructure and reduce the Bank’s impaired assets are implemented.


Additional Comments:

Maintain internal relationships with:
- Coordinate with other areas of the bank, such as Commercial, IT, Operations, Finance/MIS, Treasury, Legal, Compliance, appropriately in order to create an efficient and effective communication via the functional lines.

Maintain external Relationships:

- Maintain good relationship at the highest levels possible with the regulators and influential persons for the benefit of the bank.

Responsible for issuance of:

- Credit Risk Manual
- Credit Policy manual
- Customer and Facilities Manual

Please send your profile to CXOPROFILES@GMAIL.COM
OR CONTACT US +91-9380006759 / +91-917 6666693

Branches General Manager

Job Description
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Position:
Branches General Manager
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Organisational Context:
- Member of Commercial department
- Head of branches organization
- Non-voting member of the Board of Management

Reports to:
- Chief Executive Officer

Key Reportees:
- Branches

Overall Job Purpose:

Creates an effective branches system through direct management of all branches and branches development.

Key responsibilities:

- Insures well qualified, highly motivated and fully trained staff in all BANK Branches,
- Develops a high quality branch network including secure and functional premises matching our business needs and supporting the BANK brand,
- Delivers Customer Service at agreed standards through all Branches,
- Prioritizes Business Development activity of all Branch staff and actively participates in Customer Contact,
- In partnership with the Chief Financial Officer, measures and reports the results of all Branches against agreed goals to the CEO,
- Evaluates the performance of all Branch managers,
- In partnership with the Chief Operations Manager and the Internal Auditor, insures the safety, soundness and efficiency of service delivered through all Branches, including full compliance with Anti-Money Laundering (AML) requirements,
- Is the voice for the Branches and Retail Banking within our management structure,
- Other duties as required by management,

Please send your profile to CXOPROFILES@GMAIL.COM
OR CONTACT US +91-9380006759 / +91-917 6666693