DVP-Lead Vendor Onsite Audits

Job Description

About Us What s in it for YOU SBI Card truly lives by the work-life balance philosophy. We offer a robust wellness and wellbeing program to support mental and physical health of our employees Admirable work deserves to be rewarded. We have a well curated bouquet of rewards and recognition program for the employees Dynamic, Inclusive and Diverse team culture Gender Neutral Policy Inclusive Health Benefits for all - Medical Insurance, Personal Accidental, Group Term Life Insurance and Annual Health Checkup, Dental and OPD benefits Commitment to the overall development of an employee through comprehensive learning & development framework Role Purpose To lead Third Party Field Audits and Other audits across the organization. Role Accountability Align resources for performing risk assessment and other planning related tasks. Prepare risk assessment report for audits in scope as per agreed plan. Prepare audit plan based on risk assessment after incorporating inputs from all avenues. Manage overall audit activities pertaining to areas covered under Field and other audits. Define and analyze triggers for field and other audits basis inputs from senior management. Perform resource allocation and prepare an execution plan for audits to undertaken during a given year. Liaison with the function heads for timely audit initiation and completion. Conduct critical / confidential investigations assigned by MD & CEO / COO / IA-Head and submit reports thereof. Update Head Internal Audit about developments and progress of audit. Prepare final audit presentation for Audit Committee of Board. Ensure coverage of all the audit areas as defined in the audit plan. Travel to vendor sites on need basis to ensure audits of outsourced activities are conducted Ensure regular follow up to close all the open observations and conduct complete ATR process. Manage quality assurance conducted by external consultants/agency. Ensure quality of audit findings as well as adherence to audit manual/policy/checklists etc. Prepare and present a consolidated position of major risks surfacing from the results of all the audits to HIA Devise corrective action plan based on mutual discussion with process owners Oversee adherence to regular process documentation practices in compliance with the process guidelines Measures of Success Perform risk assessment for all the processes across the business and support functions to prioritize audit plan Number of all the audits/investigations, follow-up audits, and report issuance completed within specified timeframes during the year / half year / quarter Variance between actual time and budgeted time for each audit activity performed Audit Findings highlighted vs Findings Accepted Monitoring closure of ATR observations and reporting the same to ACB Number of defects/observations highlighted Negative Comments from Quality Assurance Reviews Timely and accurate updating of process documentation Process Adherence as per MOU Technical Skills / Experience / Certifications Deep understanding of Credit Card/Financial Services industry, its emerging trends, issues, challenges, key players and leading practices as well as intricacies of outsourcing arrangements in financial services industry Possess adequate know-how of processes/internal audit/risk/regulatory and statutory compliance activities Competencies critical to the role Analytical ability Problem-solving skills Verbal and written communication Result Orientation Qualification Professional Qualification which may include (CA/ MBA / ICWA / CIA) Preferred Industry FSI