Job Description

:About Internal AuditInternal Audit function of the Bank, operates independently under the supervision of the Audit Committee of theBoard and is responsible for providing an independent view to the Board of Directors and Senior Management onthe quality and efficacy of the internal controls, risk management systems, governance systems and processes inplace on an on-going basis. This is provided to primarily ensure that the business and support functions are incompliance with both internal and regulatory guidelines.About the RoleThe candidate should have masters degree in Statistics, Econometrics, or a related quantitative field. Provenexperience in Risk Modelling/Model validation and proficiency with statistical modeling software (xe2x80x98R & SAS) isdesired.Key Responsibilitiesxc2xa7 Model Risk specialist, in close collaboration with Risk Audit team members will execute audits and othermodel risk audit related activities to ensure efficient and high quality audit execution for critical models inuse at the Bank.xc2xa7 The internal audit role would include the following as part of the day-to-day job:xe2x88x92 Audit of model development and validation process within the Bank.xe2x88x92 Updating risk and control matrix and checklist for audits being undertaken.xe2x88x92 Undertaking detailed walkthrough of the processes being audited and develop data request forthe auditxe2x88x92 Updating of internal audit MIS with the status of audit observations and other actionableemanating to the audit departmentxe2x88x92 Assisting in making presentations to senior management and audit committee on the auditsundertaken and performance of internal auditsxe2x88x92 Provide necessary support in automating tests used in audit execution for achieving ContinuousControl Monitoring (CCM)QualificationsOptimal qualification for success on the job is: xc2xa7 Knowledge of SR 11-7 guidelines and its implementation for the model governance xc2xa7 Experience in development and validation of statistical models in use across banks, primarily for the purpose of Credit underwriting and measurement & management of Credit Risk, Market & ALM Risk, ICAAP & Stress testing etc. xc2xa7 Previous work experience in Risk Analytics or Model Risk team of a bank or Risk advisory team of leading consulting firm with majority of time allocated on developing or validating statistical/econometric models xc2xa7 Proficiency in statistical modeling software xe2x80x98R, Python, SAS & SQL is an added advantage xc2xa7 Excellent written and verbal communication skillsRole Proficiencies:For successful execution of the job, a candidate should possess the-xc2xb7 Knowledge of relevant Audit Systemsxc2xb7 Good communication (both verbal & written) and inter-personal skillsxc2xb7 Strong Excel and database manipulation skills, financial and statistical analysis skills)xc2xb7 Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environmentxc2xb7 Ability to prioritize and make decisions in a fast-paced environmentxc2xb7 Ability to manage multiple tasks/projects and deadlines simultaneouslySkills:Refer to the About Company:Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a large footprint of 4,594 domestic branches (including extension counters) with 11,333 ATMs & 5,710 cash recyclers spread across the country as on 31st March, 2021. The Bank has 6 Virtual Centres and has over 1500 Virtual Relationship Managers as on 31st March 2021.The Overseas operations of the Bank are spread over eight international offices with branches at Singapore, Dubai (at DIFC) and Gift City-IBU; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an Overseas subsidiary at London, UK. The international offices focus on Corporate Lending, Trade Finance, Syndication, Investment Banking and Liability Businesses

Axis Bank