Senior Manager - Statutory and Compliance Regulatory Audit

Senior Manager - Statutory & Compliance Regulatory 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 is responsible for managing internal process audit activities, analyzing audit findings and ensuring compliance with standards along with highlighting and presenting all audit gaps/findings to the Process and Functional Audit Lead for necessary corrective action in a manner which benefits the company.

Role Accountability 

1. Perform audit activities as designated to them (including but not limited to testing, sampling) etc. within the defined TAT 
2. Track changing regulatory and statutory compliance requirements and ensure internal audit framework is updated accordingly
3. Ensure adherence to Turn-around-Time for closure of audits on AEGIS (in-house system)
4. Ensure compliance with Audit Manual, Audit Checklist, Auditing Standards and Legal Regulations in all audit activities
5. Prepare audit reports based on observations noted
6. Follow up to close all the open observations as per ATR (Action Taken Report)
7. Lead the internal financial controls (IFCs) process across allocated audit areas covering all the functions of the company
8. Create the risk assessment methodology for IFC function wise 
9. Coordinate with every Senior Management Team of the company for performing the audit under the IFC process
10. Close gaps identified under the IFC standards and ensure final implementation across all functions of the company
11. Highlight and present all audit gaps/findings to the Process and Functional Audit Lead for necessary corrective action
12. Ensure adherence to regular process documentation practices in compliance with the process guidelines

Measures of Success 

1. % of audits, follow-up audits, and report issuance completed within specified timeframes during the year / half year / quarter
2. Complete testing of internal financial controls for processes pertaining to allocated function
3. Number of defects/final observations identified
4. Closure of ATR observations as per defined TAT
5. Identify and report instances of non-compliance with stipulated regulations
6. Negative Comments from Quality Assurance Reviews
7. Timely and accurate updating of process documentation
8. Process Adherence as per MOU

Technical Skills / Experience / Certifications

1. Strong understanding of processes/internal audit/risk/compliance activities

Competencies critical to the role

1. Problem-solving 
2. Verbal and written communication

Qualification 

MBA Finance/Qualified CAs, Certified Internal Auditor (CIA), ICWA or Graduate with significant experience in Statutory and Compliance Audits

Preferred Industry

FSI

Experience Level

Senior Level