Vertical Head - Information System Audit - BFSI/Consulting Firm - Big4

Role : Vertical Head IS Audit

Company : Our client is one of the leading Financial Conglomerate

Job Location : Mumbai, navi Mumbai , Mumbai suburbs

Educational Qualification : Postgraduate

Desired Profile : Preferably Post Graduate with 8+ years of experience in BFSI Industry or Big 4 Consulting Firms in Information System Audits.

Key Result Areas :

Development of Audit Strategy & Plan :

- Develop the IS Audits strategy encompassing Information Technology (IT) Infrastructure, Information Security and IT Applications Audits covering the key Information System areas (such as Cyber Security, Applications Security, Data Security, Cloud Security, Vulnerability Assessment & Penetration Testing, Network Security, Data Privacy, Data Centre, Logical and Physical Access Management, IT Infrastructure management, Database & Operating System management, Incident management, Change management, Email management and process review, End point security, IT Disaster Recovery, IT Business Process Continuity Review, IT Helpdesk management, IT Project management and Emerging Digital & Technology Risk).

- Develop strategies for identification and assessment of Information System & Security risks across org factoring the diverse lines of business , scale of operations and complexities of the business and current maturity level of controls.

- Develop IS Audits plan based on risk assessment and the legal, regulatory framework; Ensure use of advanced integrated auditing concepts and extensive use of technology and data analysis for achievement of the audit objectives.

- Set up and develop specialized team for conducting IS Audits and assessment of complex and specialized reviews covering key IT Infrastructure, IT Applications and Information System & Security areas (such as Cyber Security, Applications Security, Data Security, Cloud Security, Vulnerability Assessment & Penetration testing, Network Security, Data Privacy, Data Centre, Logical and Physical Access Management, IT infrastructure management, Database & Operating System management, Incident management, Change Management, Email management and process review, End point Security, IT Disaster Recovery, IT Business Process Continuity Review, IT Helpdesk management, IT Project management and Emerging Digital & Technology Risk) across the various lines of business.

Execution of Audit Strategy :

- Conduct IT application reviews (covering ~1500+ application controls across all lines of business) in line with the nature and complexity of the business; Review the major Information System applications for each line of business within unit ; Perform application vulnerability assessment and recommend systemic improvements for mitigating the Information system & security risk and enhancing the maturity level of the controls.

- Conduct IT Process review (covering ~1500+ controls across all lines of business) in line with the nature and complexity of the business; Review the major Information Technology processes for each line of business within the group; Identify the area vulnerable to risk and assess the controls in place for mitigating the Information technology risk; Recommend systemic improvements for mitigating the Information technology risk and enhancing the maturity level of the controls.

- Conduct Cyber Security/ Cloud Security/ Network Security/ Information Security Audits (~10+) ; Recommend improvement areas for enhancing the efficiency of controls toward cyber security

- Conduct Data Security review (~200+ major customer data sensitive applications / processes); Assess the process relating to user access and data leakage prevention measures at each data lifecycle stage of data sourcing, data capture, data transfer, data storage, data processing and data deletion.

- Conduct review of data centers and third party vendors/ business partners/ channel partners (~1000+ third party vendors/ business partners/ channel partners having customer sensitive data) (out of approx. 1 lakh+ business partners/ channel partners/ business partner arrangements) with regards to controls in place at the third party vendors/ business partners/ channel partners in line with the defined SLAs; Assess the data privacy and data leakage risk management framework with regards to processes and controls for assessment of outsourced activities and monitoring and managing of outsourcing risk with regards to data security.

- Conduct user access review and access to information on need-to-know basis based on the role and nature of activities to be performed, nature and complexity of the business, scale and size of the business; Review the process of access to information and monitoring of data leakage prevention across the ~25,000+ employees; Review the processes to prevent potential data leakage which may result in detailed inquiry and strict action from Cyber Crime department / other regulators.

- Conduct specialized reviews through use of extensive data analysis and advanced forensic techniques on Cyber Security, Cloud Security, emerging digital technology and other aspects relating to Information Security.

- Effective management and execution of the audit plan for proactive identification and remediation of Information System & Security risk relating to various business products, processes and units.

- Provide effective recommendations for improvements to the organization policies, processes and practices based on leading industry practices and emerging risks.

Continuous Monitoring :

- Develop strategies for identification of triggers / risk hotspots and conduct unplanned reviews / investigations based on various triggers/ hot spots, directives received from regulators, board committees and senior management.

- Keep abreast of the emerging audit trends and drive key audit initiatives for efficient and effective achievement of the audit objectives.

- Implement an effective continuous monitoring framework for ongoing monitoring of risk relating to various business products, processes, and units; Identify and develop 5000+ automated test for ongoing monitoring of Information System & Security risk.

Communication & Stakeholder Management :

- Active engagement with stakeholders for implementation of recommendations for effective risk mitigations and improvement in the control environment

- Effective communication and reporting to various stakeholders including regulators, board committee and senior management.

People Management :

- Develop specialised team for conducting IS Audits and assessment of complex and specialised reviews covering key IT Infrastructure, IT Applications and Information System & Security areas.

- Develop, nurture, and grow talent through effective employee engagement and management.

- Continuous development of self and the team through regular learning and sharing of knowledge / best practices.