Vice President - Compliance Testing - Quality Assurance - Bank

Responsibilities:

Strategy and Planning:

- Assess audit universe, risk assessment methodology, and annual audit plan to ensure adequacy of review coverage aligning with banks risk profile.

- Ensure risk ratings and audit prioritization are justified and consistently applied.

Policies, Processes & Procedures:

- Preparation and updating of Compliance Testing framework and review checklists in line with the regulatory guidelines/internal policies.

Job specific bucket/s:

Perform QA reviews on:

- Planning documents (review scope, risk & control matrix)

- Fieldwork (test design, sampling, evidence adequacy)

- Issue identification and grading

- Final audit report consistency and clarity

- Validate that testers follow approved methodologies and documentation standards to ensure proper documentation and working papers are maintained for all the compliance reviews conducted.

- Ensure sampling is risk based and evidence is complete and traceable.

- Suggest improvements to enhance test efficiency and recommend areas for automation to increase efficiency.

Functional Competencies:

- In depth knowledge of the regulatory environment for the banks in India particularly RBI.

- Good knowledge of all the elements of Risk-based auditing (RBA), Control testing approaches, Sampling techniques, Workpaper standards, etc.

- Good interpersonal skills.

- Demonstrated ability to drive results and be very effective.