Assistant Vice President - Thematic and Spot Audit

Assistant Vice President - Thematic & Spot Audit

About Us

SBI Card is a leading pure-play credit card issuer in India, offering a wide range of credit cards to cater to diverse customer needs. We are constantly innovating to meet the evolving financial needs of our customers, empowering them with digital currency for seamless payment experience and indulge in rewarding benefits. At SBI Card, the motto 'Make Life Simple' inspires every initiative, ensuring that customer convenience is at the forefront of all that we do. We are committed to building an environment where people can thrive and create a better future for everyone.

SBI Card is proud to be an equal opportunity & inclusive employer and welcome employees without any discrimination on the grounds of race, colour, gender, religion, creed, disability, sexual orientation, gender identity, marital status, caste etc. SBI Card is committed to fostering an inclusive and diverse workplace where all employees are treated equally with dignity and respect which makes it a promising place to work.

Join us to shape the future of digital payment in India and unlock your full potential.

What’s in it for YOU

1. SBI Card truly lives by the work-life balance philosophy. We offer a robust wellness and wellbeing program to support mental and physical health of our employees
2. Admirable work deserves to be rewarded. We have a well curated bouquet of rewards and recognition program for the employees
3. Dynamic, Inclusive and Diverse team culture
4. Gender Neutral Policy
5. Inclusive Health Benefits for all - Medical Insurance, Personal Accidental, Group Term Life Insurance and Annual Health Checkup, Dental and OPD benefits
6. Commitment to the overall development of an employee through comprehensive learning & development framework

 Role Purpose

The role will be responsible to oversee management of the Thematic and Quarterly Revenue Review audits along with managing third party vendor relations and communication and proper data availability for audit activities in alignment with the audit guidelines.

 Role Accountability

1. Manage the Thematic and Quarterly revenue audit for the function  
2. Track risk events within the company and across industry in order to devise triggers for thematic and spot audits
3. Manage overall audit activities pertaining to areas covered under thematic and spot audits
4. Manage the RFP process for third party audit vendors (SOW finalization, floating tender, vendor finalization, onboarding)
5. Ensure end-to-end timely closure of audit reports
6. Update Vertical Head about developments and progress of audit
7. Prepare final audit updates for ACB (Audit Committee Board)
8. Follow up to close all the open observations as per ATR (Action Taken Report)
9. Ensure quality of audit findings as well as adherence to audit manual/policy/checklists etc.
10. Assist the external consultants in conducting any audit as required by the regulator
11. Ensure timely availability of data to regulators performing audits, consultants hired to undertake any specific audit and third party onboarded to undertake quality assurance exercise
12. Coordinate with the Data analytics unit to extract any other data/information as required
13. Facilitate management interaction with vendors as necessary
14. Ensure adherence to regular process documentation practices in compliance with the process guidelines
15. Coordinating with the cross-function spokes for quick execution of data requests and Audit queries responses.
16. Presentation of the audit reports at the appropriate forums as per management directions like ACB, ORMC etc.
17. Balancing audit hours between adhoc requests and planned Thematic audit.
18. Coordinating with DAU regularly for early trigger/alert detections.

Measures of Success

1. Timely conclusion of RFP process
2. Timely conclusion of audit
3. Adherence to SOW
4. Timely submission of audit reports to management
5. Timely closure of observation as per ATR
6. Timely and accurate updating of process documentation
7. Process Adherence as per MOU

Technical Skills / Experience / Certifications

Have good understanding of processes/internal audit/risk/compliance activities

Competencies critical to the role

Verbal and written communication

Qualification

B.com(H), BCom, BBA, MBA (tier II or III)

Preferred Industry

FSI

Experience Level

Executive Level