AWS IAM Role Policy Issue on Media Convert Service [ Cannot open input file [Failed to read data: AssumeRole failed]]]

I am struggling with AWS IAM Role Policies, I am following a tutorial for Lambda function to read from s3 bucket event when a new file is uploaded and send it to AWS MediaConvert to convert the video file. Lambda function is being able to read from s3 in test but it fails the job at MediaConvert.

I have set the policies to the roles and also gave inline policies but still I am unable to get it working.

AWS Elemental MediaConvert Screenshot

Policies set for IAM ROLE

IAM Policies

Json for inline policy

lambda-s3-policy-inlinepolicy

{
"Version": "2012-10-17",
"Statement": [
    {
        "Sid": "ExampleStmt",
        "Action": [
            "s3:GetObject"
        ],
        "Effect": "Allow",
        "Resource": [
            "arn:aws:s3:::aws-mybucket-01/*"
        ]
    }
]
 }

Policy Summary PolicySummaryImg

VodLambdaRole

{
"Version": "2012-10-17",
"Statement": [
    {
        "Action": [
            "logs:CreateLogGroup",
            "logs:CreateLogStream",
            "logs:PutLogEvents"
        ],
        "Resource": "*",
        "Effect": "Allow",
        "Sid": "Logging"
    },
    {
        "Action": [
            "iam:PassRole"
        ],
        "Resource": [
            "arn:aws:iam::myAccountID:role/my-lambda-role"
        ],
        "Effect": "Allow",
        "Sid": "PassRole"
    },
    {
        "Action": [
            "mediaconvert:*"
        ],
        "Resource": [
            "*"
        ],
        "Effect": "Allow",
        "Sid": "MediaConvertService"
    },
    {
        "Effect": "Allow",
        "Action": [
            "sts:AssumeRole"
        ],
        "Resource": "arn:aws:iam::myAccountID:role/my-lambda-role"
    }
]
}

PolicySummary

Make sure that the IAM Role assigned to the MediaConvert job has a Trust Policy that trusts MediaConvert:

{
  "Version": "2012-10-17",
  "Statement": [
    {
      "Sid": "",
      "Effect": "Allow",
      "Principal": {
        "Service": "mediaconvert.amazonaws.com"
      },
      "Action": "sts:AssumeRole"
    }
  ]
}

This is normally generated automatically when you create an IAM Role in the management console and select MediaConvert as the Service.