Planning & Scoping Audits
Identify key themes / risk areas (e.g., credit underwriting, KYC/AML, digital transactions, cyber security, branch operations).
Design audit plans based on risk assessments and regulatory priorities.
Execution of Thematic Audits
Perform end-to-end testing across multiple branches, units, or systems under the chosen theme.
Review policies, processes, and IT systems to assess compliance and effectiveness.
Analyze data to spot trends, systemic weaknesses, or fraud risks.
Internal Control & Compliance
Evaluate adequacy of internal controls and governance processes.
Ensure compliance with RBI regulations, internal policies, and audit standards.
Identify process lapses and potential risk exposures.
Reporting & Recommendations
Prepare detailed audit reports highlighting findings, root causes, and risk implications.
Recommend corrective and preventive actions to management.
Present findings to senior management and audit committees.
Follow-Up & Monitoring
Track implementation of audit recommendations and ensure closure of gaps.
Support regulatory inspections (e.g., RBI audit queries).
Stakeholder Collaboration
Work with compliance, risk, operations, IT, and business teams for gathering information.
Provide advisory support on improving processes and risk controls.
Fixed salary + annual performance bonus.
Provident Fund (PF), gratuity, and retirement benefits.
Concessional loans (home, personal, vehicle, education).
Employee discounts on credit cards, demat accounts, and investment products.
Group medical insurance for employee, spouse, and children (sometimes parents too).
Life insurance & accidental insurance cover.
Wellness programs and annual health check-ups.
Paid annual leave, casual leave, and sick leave.
Maternity / paternity leave.
Bank holidays and national/festival holidays.
Some flexibility in hybrid/office work (audit roles may require travel).
Exposure to multiple functions (risk, compliance, operations, IT) through thematic audits.
Structured training on audit standards, data analytics, regulatory compliance.
Career path into Senior Auditor, Audit Manager, Head of Internal Audit, or Risk/Compliance leadership roles.
Sponsorship support for certifications (CIA, CISA, CFE, CA, etc.).
Recognition and rewards programs for high performers.
Cross-functional networking opportunities with senior management.
Job security, since audit is a critical control function in banking.
Axis Bank Limited — Company Profile Network & Presence Total Employees: ~104,400 Branches in India: 5,876 ATMs & Cash Recyclers: 13,941 Overseas Offices: 8 Rural / Semi-Urban Branches: ~47% of total branches... Read More