Job Responsibilities(JR) Job Purpose SOX & IFC compliance for the Bank as required under Sarbanes Oxley Act & Indian Companies Act 2013.
Job Responsibilities SOX & IFC Regulatory update Assist in complying with internal control over financial reporting under SOX 404 Planning Review of ITGC applications scoping - Assessment of ITGC applications having financial implications, identification of incremental applications and mapping processes.
Assessment of incremental GLs, analyzing scope in / scope out of Gl, mapping of Gl to respective processes by review of trial balance scoping Assessment of accounts to be scoped in SOX based on confirmation received from various departments Documentation Assisting process owners in updation of process flows and RCMs Assisting in preparation of new process flows and RCMs Review of SOX processes Review of Process flow & Risk Control Matrix for processes mapped against trial balance.
Identification of deficiencies for processes tested and improvements in business function across different functions and reporting documentation and design deficiencies to senior management.
Coordination Coordination with Internal Audit / External Audit & process owner for resolution of deficiencies arising out of control testing.
Key Skills Good Auditing skills Good communication skills Experience Minimum experience in years 4 yrs Exposure to banking preferable Major Stakeholders Branch Banking Team Operations Credit Product Team