Manager- Vendor Audits (Lending)

Key Responsibilities:
Vendor Audits Manager is responsible for planning, executing, and managing audits of vendors and suppliers to ensure compliance with contractual agreements, regulatory requirements, and company policies. This role involves coordinating with vendors, analyzing audit findings, and implementing corrective actions to mitigate risks and enhance vendor performance.

Audit Planning and Execution: Develop and implement an annual audit plan for vendor and supplier evaluations. Conduct audits of vendors and suppliers to assess compliance with contractual terms, industry standards, and regulatory requirements. Perform risk assessments to identify high-risk areas and
prioritize audit activities accordingly.

Vendor Compliance: Ensure that vendors adhere to company policies, contractual agreements, and legal obligations. Evaluate vendor performance against agreed-upon service levels, quality standards, and compliance criteria.

Reporting and Documentation: Prepare detailed audit reports, including findings, recommendations, and action plans. Maintain comprehensive documentation of audit processes, findings, and corrective actions.

Corrective Actions and Follow-Up: Work with vendors and internal stakeholders to develop and implement corrective action plans for identified issues. Monitor and follow up on the progress of corrective actions to ensure timely resolution of audit findings.

Risk Management: Identify potential risks and vulnerabilities associated with vendor relationships. Develops strategies to mitigate risks and enhance the overall vendor management process.

Vendor Relationship Management: Build and maintain positive relationships with vendors to facilitate open communication and collaboration. Address any concerns or issues raised by vendors related to the audit process.

Compliance and Standards: Stay updated on industry regulations, standards, and best practices related to vendor management and auditing. Ensure that audit practices align with internal policies and external regulatory requirements.

Training and Development: Provide training and guidance to internal teams on vendor management and audit processes. Share insights and best practices to improve overall vendor performance and compliance.

Attributes we are looking for
- Must be CA/MBA/Graduate and above and have at least 10 years experience in Collections vendor Audit
- Experience in New age NBFCs or Banks is mandatory.
- Must have thorough understanding of collections methodology Ability to work with senior leadership and management teams across business units.
- Knowledge of current regulation pertaining to collections

•

Last updated on Aug 23, 2024