Team Lead - Offsite Audit and CCM

Contribution in Development of Audit Strategy and Plan

• Contribute in the development of 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 in ABFL, scale of operations and complexities of the business and current maturity level of controls

• Contribute in the development of 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 in ABFL; Ensure use of advanced integrated auditing concepts and extensive use of technology and data analysis for achievement of the audit objectives

• Contribute in the development of 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 in ABFL and in accordance with various applicable laws and regulations, regulatory circulars / guidelines across various regulators.

• Contribute in the development and execution of strategies for enhancing efficiency in audits through use of technology [including Artificial Intelligence/ Machine Learning (AI/ML)] and establishment of continuous control monitoring framework at ABFL

Execution of Audit Strategy and Plan

• Conduct ~10000+ Offsite Audit and CCM 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 in ABFL in accordance with the Policies, Procedures, Legal and Regulatory requirements, Internal Audit Standards, and leading best practices

• Effective execution of the Offsite Audit and CCM plan for proactive identification and remediation of significant control issues

• Timely complete Offsite Audit and CCM plan along with quality of audit; and Meet with all audit documentation and reporting requirements as per audit policy and procedures and leading best practices

• Contribute in designing the infrastructure and development of the framework for audit data mart at ABFL

• Contribute in the development of scripts/algorithms used for conducting data-based tests as part of Offsite audit and CCM across ABFL; and maintain the catalogue of the developed scripts/algorithms

• Contribute in developing strategies for timely generation of offsite audit and CCM reports for conducting data-based tests of controls across ABFL

• Contribute in developing project plan and implementation of the key initiatives for use of technology (AI/ML) and continuous monitoring framework in ABFL audit

Continuous Monitoring

• Implement a continuous monitoring process for ongoing assessment of all key risks and control areas across Credit, Information Systems and Technology, Corporate, Risk Management and Control functions across various lines of businesses/customer segments/products/channels in ABFL to identify opportunities for Offsite Audit and CCM; Identify and develop ~10000+ automated tests for monitoring effectiveness of controls on an ongoing basis to ensure timely identification and resolution of significant control issues.

Communication and Stakeholder Engagement

• Effective communication and reporting to various stakeholders
• Active and Proactive Engagement within audit as well as Business and Functional stakeholders across lines of business / customer segment / product / channel on developing and enhancing the maturity level of the controls through Offsite Audit and CCM based on the leading practices

Learning and Development 

• Keep abreast of the emerging technology and trends for use of technology in audit; Drive the audit initiatives for use of Artificial Intelligence / Machine Learning (AI/ML) at ABFL
• Contribute in development of methodology for assessment and conducting trainings for building techno functional capabilities within the audit function of ABFL; Support in driving the certification and training programs related to data science, data analytics, data visualization, AI/ML, emerging technologies, emerging risks
• Continuous development of self and the team through regular learning and sharing of knowledge / best practices.