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Urgent! Internal Audit - Depository Executive Job Opening In Ratnagiri – Now Hiring Confidential

Internal Audit Depository Executive



Job description

Key Responsibilities:

  • Internal Audit & Control Reviews:
  • Conduct periodic internal audits of depository operations, systems, and procedures to evaluate the effectiveness of internal controls.
  • Assess the adequacy of risk management practices and ensure they align with industry standards and regulatory requirements.
  • Identify discrepancies or weaknesses in the depository processes and provide actionable recommendations to mitigate risk.
  • Regulatory Compliance:
  • Ensure that depository activities comply with relevant financial regulations, including SEBI, RBI, and other applicable laws.
  • Review and monitor compliance with internal policies, industry standards, and legal requirements concerning depository services.
  • Prepare reports on regulatory compliance and liaise with the regulatory authorities to ensure timely resolution of compliance issues.
  • Risk Assessment & Mitigation:
  • Perform risk-based assessments to identify potential operational, financial, and security risks in the depository functions.
  • Recommend and assist in the implementation of risk mitigation strategies to improve operational efficiency and prevent potential risks.
  • Review and ensure the depository system's integrity, security, and data protection measures are in place.
  • Process Optimization:
  • Analyze and evaluate current depository processes and workflows to identify inefficiencies or opportunities for improvement.
  • Assist in streamlining processes, ensuring accuracy, efficiency, and compliance with best practices.
  • Collaborate with internal teams to implement improvements and enhance the overall effectiveness of the depository operations.
  • Audit Documentation & Reporting:
  • Prepare detailed audit reports documenting findings, risk analysis, and recommendations for improvement.
  • Present audit findings and suggested improvements to senior management and other relevant stakeholders.
  • Maintain audit records and ensure proper documentation of audit processes and results for future reference and regulatory purposes.
  • Monitoring & Follow-Up:
  • Continuously monitor the implementation of audit recommendations and improvements within depository operations.
  • Follow up on previously identified audit issues to ensure corrective actions are taken promptly.
  • Conduct regular internal reviews to ensure corrective measures have been implemented effectively and are functioning as intended.
  • Collaboration with Internal Teams:
  • Work closely with other departments, including operations, compliance, IT, and finance, to ensure seamless auditing and risk management procedures.
  • Provide internal stakeholders with insights and guidance on best practices for managing and mitigating depository-related risks.
  • Assist in training staff on regulatory compliance and internal audit processes to enhance awareness and operational standards.
  • Ad Hoc Audits & Investigations:
  • Perform special audits or investigations when requested by senior management or in response to identified concerns.
  • Assess the potential impact of identified issues and work with relevant teams to investigate and resolve them promptly.

Required Qualifications:

  • Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
  • Proven experience in internal auditing, preferably in the depository, financial services, or banking sector.
  • Strong understanding of the regulatory environment for depository operations, including knowledge of SEBI, RBI guidelines, and other relevant regulations.
  • Familiarity with internal audit methodologies, risk assessment tools, and audit software (e.g., ACL, IDEA, TeamMate).
  • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint), with strong data analysis skills.
  • Excellent attention to detail, with the ability to identify discrepancies, inconsistencies, and process inefficiencies.

Skills Required
Acl, Idea, teammate , Excel, Word


Required Skill Profession

Financial Specialists



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