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Ashish Shrivastava

Sr Manager at Skillventory

Last Login: 12 June 2024

Job Views:  
216
Applications:  75
Recruiter Actions:  19

Job Code

1397515

Head - Internal Audit - Payments Solutions

10 - 15 Years.Mumbai/Navi Mumbai
Posted 2 months ago
Posted 2 months ago

Head - Internal Audit - Payments Solutions


Compliance Audits:

- Ensure adherence to regulatory requirements related to payment processing.

- Conduct regular audits to verify compliance with industry standards (such as PCI DSS, GDPR, etc.).

- Monitor changes in regulations and update audit processes accordingly.

Risk Assessment and Management:

- Identify potential risks in payment processes and systems.

- Develop risk assessment frameworks and methodologies.

- Implement controls to mitigate identified risks.

- Regularly review risk management processes and suggest improvements.

Internal Control Evaluation:

- Assess the effectiveness of internal controls related to payment processing.

- Review segregation of duties, authorization processes, and access controls.

- Recommend improvements to enhance the efficiency and reliability of internal controls.

Operational Audits:

- Review operational processes related to payment aggregation.

- Identify inefficiencies, errors, or fraud risks in payment operations.

- Recommend process improvements to streamline operations and reduce risk exposure.

Financial Audits:

- Conduct audits of financial transactions and records.

- Verify accuracy and completeness of financial data related to payment processing.

- Ensure compliance with accounting standards and internal financial policies.

Fraud Detection and Prevention:

- Develop fraud detection mechanisms and protocols.

- Monitor transaction patterns and anomalies for potential fraud.

- Implement measures to prevent fraudulent activities in payment processing.

Vendor Audits:

- Assess the performance and compliance of third-party vendors involved in payment processing.

- Review contracts, service level agreements, and vendor relationships.

- Ensure vendors meet security, regulatory, and operational requirements.

Reporting and Documentation:

- Prepare audit reports detailing findings, recommendations, and action plans.

- Maintain comprehensive documentation of audit processes, findings, and resolutions.

- Communicate audit results to relevant stakeholders, including management and regulatory authorities.

Continuous Improvement:

- Stay updated on industry trends, best practices, and emerging risks in payment processing.

- Continuously review and enhance audit methodologies and processes.

- Encourage a culture of compliance and risk awareness within the organization.

Training and Awareness:

- Provide training sessions to employees on compliance requirements and internal controls.

- Raise awareness about fraud risks and prevention measures.

- Foster a culture of accountability and responsibility regarding payment processing activities.

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Posted By

user_img

Ashish Shrivastava

Sr Manager at Skillventory

Last Login: 12 June 2024

Job Views:  
216
Applications:  75
Recruiter Actions:  19

Job Code

1397515

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