Duties and Responsibilities
- Plan, execute, and report on risk-based internal audits in line with the approved audit plan.
- Assess adequacy and effectiveness of internal controls, operational processes, and compliance with RBI guidelines for NBFCs.
- Conduct audits of wholesale finance operations, financial reporting, IT systems, and regulatory compliance.
- Identify control gaps and areas of improvement; recommend corrective and preventive measures.
- Liaise with external auditors, statutory auditors, and regulators during inspections and reviews.
- Monitor the status of implementation of audit recommendations and ensure timely closures.
- Prepare detailed audit reports and present findings to senior management and the Audit Committee.
- Perform special reviews and investigations when mandated by management.
- Continuously improve audit methodologies, tools, and practices to strengthen the internal audit function.
Knowledge and Skills
- Strong knowledge of internal audit frameworks, risk management, and NBFC regulatory landscape.
- In-depth understanding of wholesale lending, financial operations, and compliance practices.
- Excellent analytical, critical thinking, and report-writing abilities.
- Strong stakeholder management and communication skills, with the ability to present findings at senior levels.
- Proficiency in audit tools, MS Office, and analytics platforms; exposure to ACL/IDEA preferred.
Education and Experience
- Chartered Accountant (CA), Certified Internal Auditor (CIA), or MBA (Finance/Risk) with audit specialization.
- 810 years of relevant experience in internal audit, risk management, or compliance in NBFCs, Banks, or Financial Institutions.
- Prior exposure to wholesale/auto finance sector is desirable.
