Role Purpose The role will be responsible to manage the areas of Assurance Audit as per mandate of RBI Policy, Regulatory & Statutory Audit Coordination, Updating & enablement of IA Processes & Policies and carrying out Annual Risk Assessment required for annual internal audit planning exercise.

Role Accountability

Assurance Audit as per RBIA

1. Co-ordination with stakeholders to identify the potential service provider to conduct the Assurance Audit of IA function as per RBIA.
2. Scope finalization to ensure comprehensive coverage of assignment in lines with RBI guidelines.
3. Facilitate service provider to seamlessly execute the Assurance Audit activity and provide necessary evidences.
4. Coordination within IA team to address the issues as identified during course of Assurance Audit activity
5. Regulatory Audit Coordination
6. Assist the VP collaboration with cross function teams for the for seamless execution of regulatory audits.
7. Record management of all regulatory audits communication and working papers.
8. Participation and arranging of process walkthroughs for regulatory audits.
9. Process Policy Adherence
10. Keep track of regulatory guidelines with respect to Internal Audit and ensure the processes are enhanced as per the requirement.
11. Coordinate with process stakeholders for approval of the IA processes / SoP /Policies
12. Create process measurement trackers & dashboards to measure adherence to the laid down Sop's.

Risk Assessment
1.



Continually revisit the risk assessment sheets for functions through the audit year and evolve as per the new risks identified.
2. Ensure that annual risk assessment exercise is completed as per timelines.
3. Assist VP to prepare the Annual audit scope as per the risk assessment.
4. Risk Convergence
5. Facilitate quarterly meetings for Audit risk and compliance and ensure agenda items and way forward is timely circulated
6. Collation of all common risks identified to be presented jointly to ACB by the end of the year

Measures of Success

1. Completion of Quality Assurance Audit exercise as per timelines & Plan
2. Action planning & closure of QA observations & non conformance
3. Effective coordination with RBI/Stat bodies to complete the assessment as per plan.
4. Updating of processes and awareness trainings
5. Completion of Risk Assessment exercise as per planned timelines

Technical Skills / Experience / Certifications

1. Deep understanding of Credit Card/Financial Services industry, its emerging trends, issues, challenges, key players and leading practices as well as regulatory and statutory compliance requirements
2. Knowledge of processes/internal audit/risk/compliance activities
3. Timely and accurate updating of process documentation
4. Process Adherence as per MOU
5. Good understanding and market insights of the ever changing financial and regulatory setting

Competencies critical to the role

1. Analytical ability and problem-solving skills
2. Verbal and written communication
3. Result Orientation

Qualification MBA or graduate with internal audit experience

Preferred Industry

BFSI

📌 Senior Manager - Assurance Audit & Audit Planning (Gurugram)
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