Lead - Outsourcing Compliance

Job description

Job Purpose This job exists to onboard vendors and manage code creation process across all businesses with specific emphasis on RBI regulatory requirements. Duties and Responsibilities • Execute control testing for outsourced processes using defined test checklists (including onboarding, monitoring controls, annual assessments, data security, service levels, incident reporting, and regulatory compliance). • Perform sample-based walkthroughs, collect audit evidence, and assess control design and operating effectiveness. • Document test procedures, results, exceptions, and root-cause analysis in a standardized format. • Interpret and apply RBI regulations related to outsourcing of partners. • Document critical outsourcing-related processes and controls. • Obtain periodic data related to outsourced partners from relevant internal departments. • Conduct periodic process assessments in coordination with business functions and compliance teams. • Prepare gap assessment reports highlighting control and compliance deficiencies. • Drive action plans for identified issues and track closure of compliance gaps. • Manage internal stakeholders and coordinate with cross-functional teams to ensure timely compliance. • Intrepretation of regulations, dissemination of circulars, onsite offsite audits, review of documents etc Required Qualifications and Experience • Bachelors degree in Commerce (B.Com) / CS / equivalent, with a strong audit background. • Experience in internal audit within a lending or financial services business. • Strong experience in data analysis and audit/report drafting. • Excellent proficiency in MS Excel and PowerPoint. • Strong communication, interpersonal, and stakeholder management skills. • Positive attitude with the ability to work effectively as a team player.