Key Result Areas: Write the key results expected from the job and the supporting actions for each of these key result areas (For a majority of jobs typically there could be 4- 7 key result areas)
Key Result Areas
Supporting Actions
Development of Audit Strategy and Plan
Support in 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, scale of operations and complexities of the business and current maturity level of controls
Support in 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; 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 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
Conduct 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 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 completion of 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
Support in design of the infrastructure and develop the framework for audit data mart
Develop and catalogue scripts/algorithms used for conducting data-based tests as part of Offsite audit and CCM across the group and respective units
Timely generation of offsite audit and CCM reports for conducting data-based tests of controls
Implement key initiatives for use of technology (AI/ML) and continuous monitoring framework in 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 to identify opportunities for Offsite Audit and CCM; Identify and develop 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 including senior management
Active and Proactive Engagement with the Internal audit leaders and auditors as well as Business and Functional leaders 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
People Management
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)
Develop methodology for assessment and conducting trainings for building techno functional capabilities within the audit function; Drive the certification and training programs related to data science, data analytics, data visualization, AI/ML, emerging technologies, emerging risks
Develop, nurture and grow talent through effective employee engagement and management
Continuous development of self and the team through regular learning and sharing of knowledge / best practices.
