Job Description

Role & Responsibilities: Key highlights of the role are listed below (purely indicative and not limiting):This position would include the mentioned set of responsibilities but not limited to: 1. Audit Planning & Execution: Conduct risk assessments to identify key areas of risk exposure and develop annual audit plans based on identified risks and priorities. Plan and Co-ordinate for execution of internal audits across various functions and business units at different locations. Ensure completion of audit as per the Audit Plan and Schedule Conduct walkthroughs, process reviews, and control testing to assess design and operating effectiveness. Ensure adherence to RBI guidelines, PCI-DSS compliance, and other applicable regulations. 2. Risk Management & Control Evaluation: Assess the adequacy and effectiveness of internal controls, policies, and procedures. Recommend improvements to strengthen risk management, fraud detection, and loss prevention mechanisms. Evaluate credit risk models, underwriting policies, fraud management frameworks etc. Perform data analytics-driven risk assessments to identify anomalies and control gaps. 3. Reporting & Compliance: Prepare audit reports based on audit findings, and risk assessments Ensure timely follow-ups on audit recommendations and track corrective actions. Monitor compliance with regulatory frameworks (RBI, SEBI, PCI-DSS, AML/KYC, etc.). Collaborate with external auditors and regulatory bodies during inspections. 4. Stakeholder Engagement & Advisory: Act as a trusted advisor to business units on risk mitigation and process optimization. Partner with risk and compliance teams to enhance governance, risk, and compliance (GRC) frameworks. Work with IT / Information security and fraud management teams to enhance cyber risk resilience and digital payment security. Conduct stakeholder feedback surveys. 5. Continuous Improvement & Technology Integration: Leverage AI, machine learning, data analytics and automation tools for predictive risk analytics. Promote the use of data-driven audit techniques Keep up with industry trends, regulatory changes, and best practices in credit card risk management. Applicants should possess the following attributes: Strong understanding of credit card lifecycle operations, underwriting, collections, chargebacks, fraud controls, finance, risk management etc. Strong understanding of audit principles, methodology, tools, processes and standards Experience of conducting Risk Based Internal Audit Strong understanding of audit principles, methodology, tools, processes and standards (e.g., risk assessments, planning, testing, reporting and continuous monitoring; COSO, IIA standards) Knowledge of RBI regulations, AML/KYC guidelines, PCI-DSS compliance. Strong understanding of regulatory landscape in India along with hands on experience of working on regulatory matters as outlined by key regulators like RBI and SEBI Excellent analytical, problem-solving, and stakeholder management skills. Ability to present audit findings effectively to related stakeholders Ability to coach and mentor others and create an inclusive work environment for team In-depth understanding of financial instruments including equity, fixed income, derivatives, structure products and other financial products and services