Team Lead - Branch & Vendor Audit

Development of Audit Strategy and Plan

- Develop audit strategies for identification and assessment of various risks in the key areas/ activities at the Branches and key risks related to Vendors including Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Financial risk, People risk, Reputational risk etc., and current maturity level of controls at Branches.

- Develop audit plans based on risk assessment of Branches and the regulatory framework; Ensure use of advanced integrated auditing concepts and extensive use of technology and data analysis for achievement of the audit objectives

- Develop specialised audit team for timely and quality execution of complex and specialised audit reviews covering all the key areas at Branches

- Actively and proactively manage the co-sourcing arrangements where specialised professional audit services are used for Branch and Vendor Audits coverage; Ensure the timely and quality delivery of the Branch and Vendor Audits even where such co-sourcing arrangements are utilised

Execution of Audit Strategy and Plan

- Effective management and execution of the audit plan in accordance with the Policies, Procedures, Legal and Regulatory requirements, Internal Audit Standards, and leading best practices for proactive identification and remediation of various risks at Branches including Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Financial risk, People risk, Reputational risk etc.

- Conduct Branch and Vendor Audits to provide independent and objective assurance on the adequacy and effectiveness of risk management and controls at Branches, and adherence to or compliance with the internal policies, standards and procedures as well as applicable laws, statutes and regulations by Branches

- Plan and conduct Branch and Vendor Audits testing ~3000+ controls across ABHI Branches in accordance with the Policies, Procedures, Legal, Statutory and Regulatory requirements, Internal Audit Standards, and leading best practices

- Conduct risk-based, thematic and specialised audit reviews to assess the adequacy and effectiveness of the risk management and controls at Branches covering various key activities and areas such as business origination and customer onboarding, premium collections, operations, regulatory compliance and reporting, customer service and complaints management, fair practices and information security aspects etc.

- Conduct review of end-user workstations/desktops/laptops to assess adequacy and effectiveness of the IT and information security controls implemented on those devices

- Provide effective recommendations for improvements to the organization policies, processes and practices based on leading industry practices and emerging risks

- Develop processes for adequate and effective audit coverage of Branches and Vendors covering various risks including Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Financial risk, People risk, Reputational risk etc. and adherence to /compliance with various applicable laws and regulatory circulars / guidelines across various regulators

- Keep audit procedures and checklists current and updated keeping pace and aligned with changes in internal policies/guidelines as well as legal/statutory/regulatory changes and evolving industry best practices

- Ensure timely completion of audit plan and projects along with quality of audits, and meet with all audit documentation and reporting requirements as per audit policy and procedures and leading best practices

- Active engagement with stakeholders for implementation of recommendations for effective risk mitigations and improvement in the control environment

- Active and proactive management of the co-sourcing arrangements where specialised professional audit services are used for Branch and Vendor Audits coverage, ensuring timely and quality delivery of the Branch and Vendor Audits even where such co-sourcing arrangements are utilised

Continuous Monitoring

- Develop strategies for identification of triggers / risk hotspots and conduct unplanned reviews / surprise checks / investigations based on various triggers/ hot spots, directives received from regulators, board committees and senior management

- Keep abreast of the emerging audit trends and drive key audit initiatives for efficient and effective achievement of the audit objectives

- Implement an effective continuous monitoring framework for ongoing monitoring of risks relating to various activities / areas at Branches; Identify and develop ~3000+ automated test for ongoing monitoring of Branches and related risks such as Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Financial risk, People risk, Reputational risk etc.

Communication and Stakeholder Engagement

- Effective communication and reporting to various stakeholders including regulators, board committee and senior management

People Management

- Develop specialised audit team for execution of complex and specialised audit reviews of Branches and Vendors covering risk management and controls across various risks including Compliance risk, Legal risk, Fraud risk, Operational risk, Third party risk/Outsourcing risk, Financial risk, People risk, Reputational risk etc.

- Develop, nurture and grow talent through effective employee engagement and management

- Continuous development of self and the team through regular learning and sharing of knowledge / best practices