Assistant Vice President - Process and Functional Audit

SBI Payment Services Pvt. Ltd.; Gurugram District, Gurgaon; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

SBI Card is seeking an Assistant Vice President - Process & Functional Audit to lead internal audits across processes and regulatory/compliance domains. The role focuses on risk assessment, audit planning, and driving timely closure of findings within a robust control environment.

You will collaborate with senior management to strengthen financial controls and ensure adherence to internal policies, with oversight of IFCs and Corporate Card audits under a structured audit framework.

Qualifications

• Deep understanding of Credit Card/Financial Services industry and related practices.
• Strong know-how of internal audit/risk/compliance activities.

Responsibilities

• Devise execution strategy for completion of designated audits within timeframe.
• Perform risk assessment for processes across functions to prioritise audits.
• Track regulatory and statutory requirements and update internal audit framework.
• Lead IFC process audits across functions and coordinate with senior management.
• Create risk assessment methodologies for IFC functions and ensure action.
• Close gaps identified under IFC standards and implement across functions.
• Manage Corporate Card Audits initiatives and ensure timely delivery.
• Ensure end-to-end closure of audit reports in the in-house system (AEGIS).
• Provide progress updates to Audit Head and present final audits to Audit Committee.
• Incorporate inputs from IFC findings into audit plans and close open observations.

Skills

Internal audit

Risk assessment

Regulatory compliance

Audit management

Education

MBA Finance

Chartered Accountant

CIA Certification

Tools

AEGIS

Job description

Assistant Vice President - Process & Functional Audit

SBI Card is a leading pure-play credit card issuer in India, offering a wide range of credit cards to cater to diverse customer needs. We are constantly innovating to meet the evolving financial needs of our customers, empowering them with digital currency for seamless payment experience and indulge in rewarding benefits. At SBI Card, the motto 'Make Life Simple' inspires every initiative, ensuring that customer convenience is at the forefront of all that we do. We are committed to building an environment where people can thrive and create a better future for everyone. SBI Card is proud to be an equal opportunity & inclusive employer and welcome employees without any discrimination on the grounds of race, colour, gender, religion, creed, disability, sexual orientation, gender identity, marital status, caste etc. SBI Card is committed to fostering an inclusive and diverse workplace where all employees are treated equally with dignity and respect which makes it a promising place to work. Join us to shape the future of digital payment in India and unlock your full potential.

About Us

SBI Card is a leading pure-play credit card issuer in India, offering a wide range of credit cards to cater to diverse customer needs. We are constantly innovating to meet the evolving financial needs of our customers, empowering them with digital currency for seamless payment experience and indulge in rewarding benefits. At SBI Card, the motto 'Make Life Simple' inspires every initiative, ensuring that customer convenience is at the forefront of all that we do. We are committed to building an environment where people can thrive and create a better future for everyone. SBI Card is proud to be an equal opportunity & inclusive employer and welcome employees without any discrimination on the grounds of race, colour, gender, religion, creed, disability, sexual orientation, gender identity, marital status, caste etc. SBI Card is committed to fostering an inclusive and diverse workplace where all employees are treated equally with dignity and respect which makes it a promising place to work. Join us to shape the future of digital payment in India and unlock your full potential.

What’s in it for YOU

SBI Card truly lives by the work-life balance philosophy. We offer a robust wellness and wellbeing program to support mental and physical health of our employees Admirable work deserves to be rewarded.We have a well curated bouquet of rewards and recognition program for the employees Dynamic, Inclusive and Diverse team culture Gender Neutral Policy Inclusive Health Benefits for all - Medical Insurance, Personal Accidental, Group Term Life Insurance and Annual Health Checkup, Dental and OPD benefits Commitment to the overall development of an employee through comprehensive learning & development framework

Role Purpose

The role is responsible for managing internal process audit management and analyzing audit findings along with assisting the process and functional audit lead in performing risk assessment for all the processes across the business and supporting functions, Statutory & Regulatory Audits, finance audit , Corporate Card Audits, IFC Audits and to prioritize audit plan in a manner which benefits the company.

Role Accountability

• Devise adequate execution strategy for completion of designated audits within stipulated timeframe
• Perform risk assessment for all the processes across business functions to prioritize audit plan
• Track changing regulatory and statutory compliance requirements and ensure internal audit framework is updated accordingly
• Lead the internal financial controls (IFCs) process across allocated audit areas covering all the functions of the company
• Create the risk assessment methodology for IFC function wise
• Coordinate with every Senior Management Team of the company for performing the audit under the IFC process
• Close gaps identified under the IFC standards and ensure final implementation across all functions of the company
• Lead the Corporate Card Audits Vertical for devising adequate execution strategy for completion of designated audits within stipulated timeframe
• Manage overall audit activities pertaining to areas covered under process audits
• Ensure end-to-end timely closure of functional audit reports on AEGIS (in-house audit system)
• Update Audit Head about developments and progress of audit
• Prepare final audit presentation for the process and functional Audit Head to be presented to Audit Committee of the Board
• Ensure inputs from IFC and other regulatory/statutory audit findings are incorporated in audit plans as and when required
• Follow up to close all the open observations and conduct complete ATR process
• Ensure quality of audit findings as well as adherence to audit manual/policy/checklists etc.
• Devise corrective action plan based on mutual discussion with process owners
• Ensure adherence to regular process documentation practices in compliance with the process guidelines

Measures of Success

• % of all the audits, follow-up audits, and report issuance completed within specified timeframes during the year / half year / quarter
• Analyze audit results to identify and provide to relevant stakeholder early warning indicators
• Monitoring closure of ATR observations as per ACB plan
• Number of defects/final observations identified
• Negative Comments from Quality Assurance Reviews
• Timely and accurate updating of process documentation
• Process Adherence as per MOU

Technical Skills / Experience / Certifications

• Deep understanding of Credit Card/Financial Services industry, its emerging trends, issues, challenges, key players and leading practices
• Possess adequate know-how of processes/internal audit/risk/compliance activities
• Competencies critical to the role Analytical ability Problem-solving skills Verbal and written communication Result Orientation

Qualification

• MBA Finance/Qualified CAs, Certified Internal Auditor (CIA), ICWA or Graduate with significant experience in internal Audit

Preferred Industry FSI Experience Level Executive Level