Head - Digital Banking Audit

Role Details :

The successful candidate will assist and assess risks in various Digital Products, Services and Platforms, evaluating cyber risk resiliency, development & execution of Audit plan in accordance with the Banks Audit Policy to provide assurance that key risks (including emerging risks) pertaining to all Banks Digital Products, Applications, Channels, Digital Lending are managed effectively. The role will require diverse and strong skillsets to provide assurance on the Banks usage of digital platform, products, processes, technology and data confidentiality, availability and integrity. The role in addition, may require to lead a small team at an individual engagement level. It involves undertaking risk assessments including cyber risks, lead and perform internal audit engagements of diverse business units or functions to deliver the audit plan established and skills to collaborate and manage stakeholder relationships. The ideal candidate should have a passion for risk management, in particular operational risk, regulatory risk, Information Security/Cyber risk, and fraud risks. S/he should be able to work with minimal supervision and provide timely and trusted advice in matters relating to risk and controls. As a digital bank and growing venture, the role offers rare opportunity to partner across all business units to define innovative and automated audit approaches. The role offers a challenging opportunity to be part of an end-to-end process to build a strong audit function within the digital space in the bank.

Overall Responsibilities include but not limited to:

1. Develop a thorough understanding about Banks products, applications, channels especially in the digital space

2. Continuously self-update and stay abreast of industry regulations

3. Gain an in-depth understanding of the Banks Internal Policies & Procedures

4. Adhere to the laid down audit processes and carry out assignments in line with Internal Audit Charter & Policy

5. Ensure adequate coverage of the control testing's designed at engagement level and provide periodic updates

6. Research, understand and display a passion to learn about automation into banking and allied risk and control processes

7. Creation/Updation of Risk and control matrix, Permanent file, Audit checklist for the units

8. Ability to provide technical inputs resulting in value addition in the overall audit programs

9. Ability to handle multiple assignments, perform, support or lead where directed, the planning, fieldwork, and reporting of

internal audit engagements to deliver agreed assurance objectives to established standards and deliver within strict

timelines

10. Arrange meetings and conduct meaningful discussions with business units and identify areas requiring risk mitigation

11. Drafting of observations and audit report and maintenance of working papers as per Departments policy

12. Promote collaboration and strong culture across business units to address risk and control issues

13. Act as liaison with Management to ensure full understanding of business strategy, plans, products, performance and risk-

related issues at business unit level and communicating these to the relevant Audit Team members

14. Actively track and escalate, where appropriate, significant issues and audit findings that remain unresolved

15. Compulsorily attend all audit related on the job trainings and display an ability to apply those

16. Follow up for Audit compliance and validation testing as directed

17. Gain a minimum Continuous Professional Education (CPE) hours as directed.

Location : Mumbai

Year of experience : 15Yrs. - 20Yrs.

Good to have:

ISACA Certification holders (e.g., CISA, CRISC, CCSP), Risk Management professionals (CRM, FRM, CRISC) and people having proficient knowledge of COSO and COBIT framework.