Lead - Offsite Audit & Continuous Control Monitoring

Job Purpose

Purpose of this role is to develop and manage execution of the Strategy and Plan for Offsite Audits and Continuous Control Monitoring (CCM) covering all areas including credit, corporate functions, risk management and control functions, information systems, technology and security across lines of business, customer segments, products and channels to assess adequacy and effectiveness of risk management and controls, and adherence to internal policies and procedures as well as applicable laws and regulations, and provide continuous independent and objective assurance through use of advanced integrated auditing concepts and extensive use of technology and data analysis for achievement of the audit objectives

KRA's

Key Result Areas

Supporting Actions

Development of Audit Strategy and Plan

• Develop strategies for Offsite Audits and CCM for identification and assessment of various risks including Credit, Market, Liquidity, Regulatory, Information technology and security, Financial, Fraud and Operational risks arising from Credit, Information Systems and Technology, Corporate, Risk Management and Control functions across various lines of businesses / customer segments / products / channels, scale of operations and complexities of the business and current maturity level of controls
• Develop Offsite Audit and CCM plans based on risk assessment and regulatory framework covering all areas including credit, corporate functions, risk management and control functions, information systems, technology and security across lines of business, customer segments, products and channels; Ensure use of advanced integrated auditing concepts and extensive use of technology and data analysis for achievement of the audit objectives
• Develop processes for adequate and effective Offsite audit and CCM coverage of various risks including Credit, Market, Liquidity, Regulatory, Information technology and security, Financial, Fraud and Operational risks arising from Credit, Information Systems and Technology, Corporate, Risk Management and Control functions across various lines of businesses / customer segments / products / channels and in accordance with various applicable laws and regulations, regulatory circulars / guidelines across various regulators.
• Develop specialised audit team for execution of complex and specialised Offsite Audit and CCM reviews and checks covering all areas including credit, corporate functions, risk management and control functions, information systems, technology and security across lines of business, customer segments, products and channels
• Develop and drive strategies for efficiency in audit through use of technology [including Artificial Intelligence / Machine Learning (AI / ML)] and establish continuous control monitoring framework

Execution of Audit Strategy and Plan

Continuous Monitoring

Communication and Stakeholder Engagement

People Management

Skills Required

Data Analysis, Information Systems, Risk Management