Lead - Outsourcing Compliance

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.