Head of Internal Audit (Director) - NBFC / BFSI - Mumbai

Job Description

Key responsibilities: Develop, implement, and maintain a robust audit quality assurance program that evaluates the effectiveness of the internal audit function on a regular basis. Conduct regular assessments of audit work, including reviews of audit plans, working papers, and audit reports, to identify areas of improvement and ensure consistency of audit procedures. Ensure compliance with relevant auditing standards, regulatory requirements, and internal policies and procedures. Identify and report opportunities for continuous improvements and enhancements in audit documentation. Provide training and guidance to audit staff on quality assurance expectations and best practices. Collaborate with audit track leaders including other internal and external stakeholders to ensure a high-quality audit function. Assist HoIA in the preparation of high-quality reports and presentations for management and audit committee. Manage our co-sourced audit partners and review the quality of their work for feedback and continuous improvement. Make S.M.A.R.T recommendations to improve internal audit processes, follow-up on recommendations, and escalate when needed to ensure timely closure of assessments. Assist HoIA to prepare for External Quality Assessments (EQA) to ensure outcomes exceed expectations. What are we looking for? Bachelor's/master's degree in accounting, Finance or a related field. Minimum 12 years of experience in audit quality assurance or a related field, preferably in the financial services or fintech industry. Strong understanding of accounting principles, auditing standards and internal control frameworks. Proven ability to lead the quality assurance programs. Strong understanding of controls and risks. Excellent written and verbal communication skills. Strong attention to detail and commitment to quality. Strong analytical and problem-solving skills. Proficiency in using audit tools and software. Experience in the fintech industry (preferred). Certified Internal Auditor or equivalent designation (preferred) Show more Show less