Head – Internal Audit
Location: Mumbai, Andheri
Engagement: Contractual Appointment – 3 Years
Reporting: Functionally to the Audit Committee; administratively to MD/CEO
Role Purpose
Its an RBI-regulated NBFC company, is looking for an experienced professional to head its Internal Audit Function. The incumbent will provide independent assurance to the Audit Committee and Board on the adequacy and effectiveness of internal controls, risk management, governance, and regulatory compliance.
Candidate Profile
- Retired/senior banking or financial-services professional with substantial experience in Internal Audit, Inspection, Risk, Credit Audit, Treasury Audit, Compliance or similar control functions.
- Preferably 20+ years of overall banking/financial-services experience with meaningful audit/inspection experience.
- Experience at GM/DGM/AGM or equivalent senior level in a bank/financial institution would be preferred.
- Strong knowledge of RBI regulations, internal controls, risk management and financial-sector operations.
- Exposure to housing finance, securitization, treasury/investments or RBI inspections would be an advantage.
- Qualifications such as CA / CMA / CIA / CISA / CAIIB or equivalent would be desirable but are not mandatory for a suitably experienced candidate.
Key Responsibilities
- Manage the Company's Internal Audit framework, Charter and Audit Universe.( Candidate need not prepare it he need s to implement /manage it )
- Implement an Annual Risk-Based Internal Audit Plan for approval by the Audit Committee. .( Candidate need not prepare it he need s to implement /manage it )
- Conduct/review audits of key areas including:
- RMBS/PTC investments and securitization transactions
- Loan pool acquisition and warehousing
- Guarantees, credit enhancement and other exposures
- Financial reporting and Internal Financial Controls
- Regulatory and RBI compliance
- Capital adequacy and prudential norms
- KYC/AML, wherever applicable
- IT, cybersecurity, BCP/DR and outsourced activities
- Taxation, payroll, procurement and other corporate processes
- Review compliance with RBI Directions, Companies Act requirements and Board-approved policies.
- Identify control weaknesses, assign risk ratings and recommend corrective actions.
- Maintain and monitor an Audit Observation Tracker, including findings from Internal Audit, Statutory Audit, RBI inspection and other assurance reviews.
- Present Internal Audit reports and significant observations directly to the Audit Committee.
- Independently monitor closure of audit and regulatory observations.
- Coordinate with Statutory Auditors, IFC/ICFR reviewers, IS Auditors and other assurance providers, while maintaining Internal Audit's independence.
Pay: ₹1,200,000.00 - ₹1,500,000.00 per year
Work Location: In person
