Audit director [t500-27764]

CIBC India · Hyderabad, India

About CIBC:

CIBC is a leading North American bank, with a history of more than 150 years of living our purpose - to help make your ambition a reality. Client relationships are at the centre of our strategy, and our growth is enabled by a highly engaged and connected global team. From digital banking to community impact, we’re proud to drive progress for our clients and our communities. Recognized for our culture, award-winning innovation and community investment, CIBC continues to evolve by putting people and progress at the centre of everything we do.

About CIBC India:

CIBC India is a technology and operations hub in Hyderabad, where you’ll be part of our highly engaged and global team, and play a central role in supporting our growth. Whether you’re driving innovation in digital banking or streamlining client onboarding, you’ll be part of a culture recognized for excellence and investment in people. At CIBC India, people and progress are at the centre of what we do: you’ll develop skills, collaborate with industry leaders, and see your ideas realized in a culture that values progress and belonging. We provide cutting-edge resources, ongoing learning, and a supportive environment where people come first. If you’re ready to create meaningful change and build your future, CIBC India is where your ambition meets opportunity.

What CIBC India Offers:

At CIBC India, your goals are a priority. We start with your strengths and ambitions and strive to create opportunities to tap into your potential. We aspire to give you a career that goes well beyond your compensation.

What You’ll Be Doing (position summary):

The Audit Director provides leadership to provide reasonable, independent, risk-based and objective assurance to the CIBC India Board and Senior Management on the adequacy of internal control, risk management and governance systems and processes.

Using a systematic, disciplined and efficient approach provides assurance, advisory services and insights that help CIBC accomplish its objectives and reduce the risk of loss and reputational damage. In addition, Internal Audit Director will develop team members to become a pipeline of talent.

The Internal Audit Director builds and maintains relationships with business partners using their specific technical expertise to conduct risk-focused audits of various business processes & operations, and provide advice to senior and executive management on designing, implementing and maintaining internal controls. Through day to day activities, the Internal Audit Director will also actively demonstrate support for CIBC’s purpose to help make client and employee ambitions a reality.

This role includes Portfolio Director accountabilities to manage audit engagements through all phases of the audit including reporting to management. The incumbent will also promote compliance with CIBC policies and procedures, standards, guidelines and relevant legislation, identify internal control weaknesses and advise clients of efficiency or effectiveness opportunities.

At CIBC India we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (including on-site and remote work) will be discussed at the time of your interview.

How You’ll Succeed (responsibilities):

Strategic Leadership: Develop and implement a comprehensive internal audit strategy aligned with organizational objectives and global standards. Advise the CEO and senior management on audit findings, risk exposures, and recommendations for improvement.

Audit Execution & Oversight: Plan, coordinate, and oversee all internal audit activities for India operations, including financial, operational, and compliance audits. Ensure timely completion of audits and high-quality reporting of results.

Risk Management: Identify, assess, and monitor key risks across business units and processes. Recommend effective controls and risk mitigation strategies.

Regulatory Compliance: Ensure compliance with local and international regulatory requirements, including RBI and other relevant authorities. Liaise with external auditors and regulatory bodies as required.

Team Leadership: Lead, mentor, and develop the internal audit team, fostering a culture of continuous improvement and professional growth. Promote ethical conduct and integrity throughout the organization.

Reporting: Prepare and present audit reports and dashboards to the Senior Management, Board and other relevant stakeholders. Track remediation of audit issues and follow up on corrective actions.

CROSS-FUNCTIONAL RELATIONSHIPS: Internal relationships include CIBC executives and senior management to identify and discuss business needs and issues. There is also regular contact with colleagues in the Risk and Infrastructure Groups (ERM, Compliance, Legal, HR, Finance, etc.) to ensure full understanding of business issues and risks as a part of the execution of audits. As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls. As a manager of people, this job must ensure all employees within the business unit comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls. As a manager of people, this job has the authority to assign tasks to employees within their span of control, select individuals for hire, assess individual performance, and make employee compensation decisions and take disciplinary measures up to and including termination. This job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.

JOB DIMENSIONS: Reporting to the Head of India region and lead a team of Senior Audit Managers and Audit Managers report into this position.

Experience: 10+ years of experience

Who You Are (skills/qualifications):

Must Have Skills: Bachelor’s degree in Finance, Accounting, or related field; advanced degree or professional certification (e.g., CA, CPA, CIA) preferred. In-depth knowledge of Indian regulatory environment and global best practices. Comprehensive knowledge of auditing practices, procedures, and principles sufficient to analyze business operations. Ability to select the most suitable audit approach and adapt to the requirements of the audit situation. Extensive working knowledge of financial services including business processes sufficient to audit them with a minimum of 10+ years in progressive roles. This knowledge can include operating policies, standards, practices, processes and regulations pertaining to the audited operations. Strong verbal and written interpersonal skills to communicate with people at various levels to obtain information, share audit results dealing with facts and concepts to gain consensus with client management. Well-developed influencing skills sufficient to resolve situations when there can be distinct differences of opinion between the client and auditor concerning policy interpretation and course of action. Strong leadership and people management skills for motivating, directing and coaching multi-disciplined team members to generate high quality work. Ability to manage audit staff having a variety of technical specialties. Demonstrated data literacy sufficient to gather, synthesize, organize and interpret data or information, and formulate appropriate conclusions and insights based on performance of analytical procedures and techniques. Strong presentation/interactive skills sufficient to convey complex conceptual information/ideas on issues requiring extensive interpretation and opinion. Well-developed organizational skills in order to successfully manage audit assignments within time and budget constraints and respond as required to shifting priorities on simultaneous projects.

Privacy:

By proceeding with the creation of a profile and submitting an application in response to this job posting, you acknowledge and agree that your personal data will be collected, used, retained and disclosed by CIBC India and its affiliates, as described in the Candidate Privacy Statement.