apply now Vice President, Internal Audit, Central Operations Office

Job Description

*Vice President, Internal Audit, Central Operations Office Business Function Group Technology and Operations (T&O) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group T&O, we manage the majority of the Banks operational processes and inspire to delight our business partners through our multiple banking delivery channelsResponsibilities Carry out the risk assessment annually / at defined frequency, and, accordingly devise the appropriate audit plan in accordance with Audit Mandate & Guide and applicable regulatory requirements
• Perform annual/quarterly/continuous risk assessment of all auditable entities within DAH2 (including technology landscape), applying business, industry and market insights on emerging risks
• Identify and Strategize on DAH2 audit universe (incl. Technology) and assess the adequacy of audit coverage
• Formulate the detailed audit plan in accordance with Audit Mandate & Guide, applicable regulatory requirements and based on the risk assessment results, together with Group Audit
Execute the audit plan with support from Group Audit team
• Plan, manage, execute and complete all audit engagements in accordance with Departmental, Institute of Chartered Accountants of India (ICAI) and Institute of Internal Auditors (IIA) standards
• Ensure adequacy of audit coverage, including aspects relating to IT compliance practices, India IT Act & rules made thereunder, Data Privacy Laws, e-Waste rules, SEZ Regulations, Cross-border regulatory aspects (including marketing, regulatory and accounting practices)
• Timely Identify and Escalate / proactively inform LAH and FAH on the major risk and control issues (incl. Fraud), IT incidents, external audits, and, regulatory issues arising during the audits, through continuous auditing, and, continuous monitoring through regular contact with the internal / external stakeholders
• Review and validate the management actions to ascertain that all major concerns and recommendations raised by internal and external auditors, and, regulators are resolved adequately and effectively.
Provide subject matter expertise
• Actively advise and promptly apprise FAH and LAH of all major risks, control and regulatory issues (incl. IT/IS risk & controls) that impact or potentially impact the DAH2 s control environment
• Demonstrate strong understanding and know-how and Be resourceful to keep abreast of the technical, industry practice & academic in the key risks applicable to DAH2 (incl. IT / IS, Cyber-risks, Data privacy, and, Regulatory compliance), and, independently assess the changes in the related regulatory & industry developments
• Participate in control forums including periodic management meetings
• Review new products/services/projects & initiatives to assess that the risks have been identified and adequate controls are put in place
• Support Group Audit team in the execution of audit assignments at DBS Group
• Actively contribute to Group Audit s Vision and Mission through Proactive, Agile and Continuous Auditing by embracing Digital and Data-driven mindset
• Support LAH to formulate/review Audit Mandate & Guide for DAH2, in accordance with DBS Group s Audit Mandate & Guide
Trusted Advisor & Learning Facilitator (Relationship management)
• Manage & maintain key relationships both the internal relationships with senior management of the Business/Support Units (both in-country and Head Office) as well as external relationships with external auditors/regulators
• Raise issues / concerns with, and, provide information and constructive advice to the appropriate levels of management (including relevant forums / committees), so that the significant risk and control issues (incl. IT/IS risk & controls) are escalated and resolved properly
• Support DAH2 s in its initiatives towards strengthening the risk management, control, governance, and, data-driven culture
• Report appropriate risk & control and audit matters to DAH2 Board / Board Audit Committee (AC), in consultation with LAH and DAH2 CEO
• Promote risk and control awareness across DAH2 & DBS Group.
Manage self-development
• Support FAH and LAH in the resource planning, development and training strategy
• Keep abreast of own professional development to enhance one s skills and competence
• Contribute in Group Audit s initiatives and provide insights into Internal audit best practices
• Adherence to Audit Mandate & Guide, ICAI and IIA Standards and relevant code of ethics, and regulatory requirements.
Requirement
• Minimum 13-14 years of relevant experience in Financial Institutions Technology Teams, Technology Services companies and/or Consulting firms including domain expertise & experience in application development, IT/IS Audits and/or Technology driven Projects
• Should have led and managed teams & have exposure in interacting with Senior management at local & regional level
• Professional qualification in IT/IS (incl. CISA, CISSP)
• Professional Certifications (such as IT Compliances, Data Analytics, Data Privacy, Project Management, Agile Methodologies, Fraud Risk etc.) will be added advantage
• StrongTechnical knowledge in IT / IS areas, Digital Banking channels, Cyber security, and, IT Compliances
• Strong Risk & Control oriented mindset
• Strong analytical, communication, conflict resolution and inter-personal skills
• Self-motivated and results-oriented person with ability to excel under tight deadlines
• Excellent people management skills, working with multiple stake holders (including senior business executives and overseas stakeholders)
• Working Knowledge of Internal Audit Standards (IIA Standards) will be added advantage
• Knowledge on Agile methodologies, Data Analytics, Data Privacy, Project Management, and, SEZ regulations will be added advantage
• Working knowledge of Banking businesses/products will be added advantage
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Keyskills :
project managementautomationcost controldeliveryltdcode of ethicsdata privacyit compliancedata analyticscyber securityexternal auditrisk managementrisk assessment