Head Branch & Vendor Audit

The main purpose of the Head - Branch & Vendor Audit role in Mumbai is to oversee the development and management of the Audit Strategy and Plan for Branch and Vendor Audits. This involves assessing various key areas across Branches and Vendors, including business origination, customer onboarding, premium collections, regulatory compliance, customer service, and risk management. The role requires evaluating the effectiveness of risk management practices, controls, and adherence to internal policies, laws, and regulations. Key responsibilities include developing and implementing audit strategies and plans for Branch and Vendor Audits, utilizing a risk-based approach. This includes identifying and assessing risks such as Compliance risk, Legal risk, Fraud risk, Operational risk, and Reputational risk at Branches and Vendors. The role also involves ensuring the use of advanced auditing concepts, technology, and data analysis to achieve audit objectives effectively. Additionally, the Head of Branch & Vendor Audit will be responsible for conducting audits across Branches in alignment with Policies, Procedures, Legal, and Regulatory requirements. They will develop processes to ensure adequate audit coverage of risks and keep audit procedures updated with changes in policies, guidelines, and industry practices. Furthermore, the role entails building a specialized audit team to conduct complex audits and manage co-sourcing arrangements for audit services. The Head of Branch & Vendor Audit will also monitor risks continuously, engage with Functional leaders to enhance control maturity, and implement automated tests for monitoring control effectiveness. Overall, the role requires timely completion of audit plans, quality audit delivery, and proactive engagement with stakeholders to ensure effective risk management and compliance with best practices.,