Vice President - IT Audit & Risk Management - Investment Bank

Roles and Responsibilities:

Execute the global Risk audits focused on Risk application controls and business controls in integrated audits. The position is closely aligned with the Global TPD responsible for the global Risk IT audit portfolio and reports directly to the Regional Portfolio Director for Risk Audit in Powai.

- The position has primary responsibility for annual audit planning and risk assessment, continuous monitoring, audit execution and quality assurance, audit report management, and audit issues follow-up.

- Manage and execute audits in accordance with departmental standards and conducting effective risk assessments on processes/functions (impact versus likelihood) during the audit. Ensure consistent delivery of assignments on time and to quality.

- Manage the audit continuous monitoring programme for the coverage of Global Risk and Risk IT, including regular meetings with key auditees and evaluating any changes in the risk profile of the risk management and its technology which might result in a change in the Risk audit plan, risk assessments or audit universe.

- Management of issues raised in audit reports

- Manage and perform risk assessments, at least annually, across the Global Risk using the departmental risk assessment methodology.

- Direct and carry out pre-implementation reviews, special projects, ad hoc investigations and advisory work where required.

- Assist non-technical audit colleagues in understanding technology risk and controls.

- Support IA's strategic initiative for Data Analytics by being an active supporter and contributor to this initiative. Advocate and develop audit colleagues to utilise data analysis to improve and enhance the audit approach.

- Continually seek to improve the Risk audit and departmental processes.

- Independently interact with senior management both within audit and other engagements

Mind Set Required:

- Strong understanding of Risk and Risk IT processes gained through a combination of education and work experience of at least 12 years at the global financial institutions that are subject to global regulatory standards and mandates, especially under the regulatory capital waivers from global regulators.

- Strong leadership and management skills: Has a proven track record of demonstrating maturity and leadership, acts as a role model and holds self and others to high standards of excellence. Able to motivate, coach and develop staff to achieve departmental and personal objectives.

- Relationship Management: Has proven ability to build strong relationships with auditees and can effectively manage upwards at senior levels. Demonstrates clear understanding of the business needs and exceeds expectations. Able to network and manage relationships at senior levels across the organisation and in the wider financial services industry.

- Has preferably strong experience and understanding of Risk Management, the Global Markets business areas and product lines as well as technology architecture and systems supporting these areas. Has an in-depth knowledge of IT concepts to be able to guide and direct scoping decisions with a risk focus.

- Strong background and experience of managing and executing audits within an investment bank across fixed income and equities products. Experience should include, risk assessment, portfolio management IT general controls, and auditing of data integrity to provide an audit opinion on the completeness, accuracy and timeliness of system based processing.

- Experience of successfully managing complex regional and global audit projects, as well as managing multiple audits concurrently.

- Sound judgement on the criticality and impact of issues identified, with a risk and commercial focus.

- Strong experience of project management and systems development practices and processes.

- Strong analytical skills with the ability to identify key risks and formulate audit plans.

- Confident manner and strong communication skills, both oral and written.

- Strong time and project management skills, consistently delivering to deadlines (budget and time).