Position Title: Head - Internal Audit Location: Mumbai Reports to: Chief Risk Officer About Client Client is a non-deposit accepting, Systemically Important Non-Banking Financial Company registered with the Reserve Bank of India. It is jointly owned by a leading Private Bank and its promoters. We are into lending business offering Loan against Securities, Loan against Property and Corporate Real Estate. Overview The candidate will head the internal audit function with a strong focus on risk-based auditing within our NBFC. This role requires a deep understanding of risk management, internal controls, and regulatory compliance. The ideal candidate will develop and execute a comprehensive audit strategy that enhances governance, mitigates risks, and drives operational efficiency across the organization. Key Responsibilities Risk-Based Audit Strategy: Design and implement a risk-based internal audit framework that aligns with the Company's objectives and regulatory requirements. Conduct regular risk assessments to identify areas of high risk and prioritize audit activities accordingly. Leadership And Team Development Over the years lead, mentor, and develop the internal audit team, promoting a culture of excellence and continuous learning. Foster an environment that encourages collaboration and innovation within the audit function. Audit Planning And Execution Oversee the development of the annual audit plan, ensuring it reflects the organization's risk profile and strategic goals. Direct and manage the execution of audits, ensuring adherence to established audit methodologies and standards. Take charge of internal audit currently being carried out by an external firm, review scope, timelines and deliverables and make changes if necessary. Reporting And Communication Prepare comprehensive audit reports that effectively communicate findings, insights, and recommendations to senior management and the board. Present audit results to stakeholders, highlighting risk areas and recommending actions for improvement. Compliance And Regulatory Oversight Ensure compliance with applicable laws, regulations, and internal policies, with a focus on regulatory requirements specific to NBFCs. Collaborate with external auditors and regulatory agencies to ensure a cohesive audit approach. Continuous Improvement Identify opportunities for enhancing internal controls, processes, and overall operational efficiency. Implement best practices in risk management and internal auditing to strengthen the organization's governance framework. Stakeholder Engagement Build and maintain strong relationships with key stakeholders, including management, compliance, and risk management teams. Serve as a trusted advisor to senior leadership on internal audit and risk management matters. Training And Awareness Provide training and guidance to staff on risk-based audit practices and internal controls. Promote awareness of internal audit processes and the importance of risk management throughout the Chartered Accountant Minimum of 7 years of experience in internal audit with a strong focus on risk-based auditing, preferably within the financial services sector or an NBFC. In-depth knowledge of risk management frameworks, internal control principles, and regulatory requirements affecting NBFCs. (ref:iimjobs.com) Show more Show less