Statutory Auditor - BFSI - CA

: Role & Responsibilities: Audit Planning and Execution: - Plan and execute comprehensive audits of banks and NBFCs in accordance with auditing standards and regulatory requirements. - Conduct risk assessment and develop audit programs to address key audit risks and objectives. - Perform detailed testing of financial transactions, controls, and processes to ensure accuracy and compliance. - A strong eye for detail is essential in auditing to ensure accuracy and completeness in reviewing financial records and identifying discrepancies or irregularities. Regulatory Compliance: - Review and assess compliance with regulatory requirements, including banking regulations, RBI guidelines, and accounting standards. - Stay updated on regulatory changes and updates affecting the BFSI sector and incorporate them into audit procedures. - Provide recommendations to clients for enhancing compliance and mitigating regulatory risks. Financial Analysis and Reporting: - Analyze financial statements, including balance sheets, statement of profit & loss, and cash flow statements, to identify anomalies, trends, and areas for improvement. - Prepare detailed audit reports highlighting findings, recommendations, and observations for management and regulatory authorities. - Communicate audit results and insights effectively to clients, addressing any concerns or queries they may have. Stakeholder Management: - Interact with key stakeholders, including senior management, audit committees, regulatory authorities, and client personnel, to discuss audit findings and recommendations. - Build and maintain strong relationships with clients, demonstrating professionalism, integrity, and expertise in auditing. Qualifications: - Qualified Chartered Accountant with 5 - 10 years of audit experience in the BFSI sector, with a focus on banks and NBFCs. - In-depth knowledge of auditing standards, regulatory requirements, and accounting principles relevant to the banking and NBFC industry. - Proven experience in planning and executing audits, including risk assessment, testing, and documentation. - Strong analytical skills with the ability to interpret complex financial data and identify audit issues and opportunities. - Strong problem-solving skills to address issues efficiently and propose effective solutions. - Excellent communication and interpersonal skills, with the ability to interact effectively with clients and colleagues. - Ability to work independently and as part of a team, managing multiple engagements and deadlines effectively.