Role Purpose: The role is responsible for managing internal process audit management and analyzing audit findings along with assisting the process and functional audit lead in performing risk assessment for all the processes across the business and supporting functions, Statutory & Regulatory Audits, finance audit , Corporate Card Audits, IFC Audits and to prioritize audit plan in a manner which advantages the company.

Role Accountability

Devise adequate execution strategy for completion of designated audits within stipulated timeframe

Perform risk assessment for all the processes across business functions to prioritize audit plan

Track changing regulatory and statutory compliance requirements and ensure internal audit framework is updated accordingly

Lead the internal financial controls (IFCs) process across allocated audit areas covering all the functions of the company

Create the risk assessment methodology for IFC function wise

Coordinate with every Senior Management Team of the company for performing the audit under the IFC process

Close gaps identified under the IFC standards and ensure final implementation across all functions of the company

Lead the Corporate Card Audits Vertical for devising adequate execution strategy for completion of designated audits within stipulated timeframe

Manage overall audit activities pertaining to areas covered under process audits

Ensure end-to-end timely closure of functional audit reports on AEGIS (in-house audit system)

Update Audit Head about developments and progress of audit





Prepare final audit presentation for the process and functional Audit Head to be presented to Audit Committee of the Board

Ensure inputs from IFC and other regulatory/statutory audit findings are incorporated in audit plans as and when required

Follow up to close all the open observations and conduct complete ATR process

Ensure quality of audit findings as well as adherence to audit manual/policy/checklists etc.

Devise corrective action plan based on mutual discussion with process owners

Ensure adherence to regular process documentation practices in compliance with the process guidelines

Measures of Success

% of all the audits, follow-up audits, and report issuance completed within specified timeframes during the year / half year / quarter

Analyze audit results to identify and provide to relevant stakeholder early warning indicators

Monitoring closure of ATR observations as per ACB plan

Number of defects/final observations identified

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

Possess adequate know-how of processes/internal audit/risk/compliance activities

Competencies critical to the role:

Analytical ability

Problem-solving skills

Verbal and written communication

Result Orientation

Qualification: MBA Finance/Qualified CAs, Certified Internal Auditor (CIA), ICWA or Graduate with significant experience in internal Audit

Preferred Industry: FSI

📌 Deputy Vice President - Process & Functional Audit (Gurugram)
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