Internal Auditor - NBFC

• About the Role:
• We are seeking a highly motivated and experienced Internal Auditor to join our dynamic team.
• This critical role will provide independent and objective assurance on the effectiveness of our governance, risk management, and control processes.

The Internal Auditor will play a key role in safeguarding the company's assets and reputation by identifying areas of improvement and recommending solutions to enhance operational efficiency and compliance.

This position offers an excellent opportunity to contribute significantly to the growth and success of the organization.

Responsibilities:

• Planning & Execution of Audits: Develop and execute comprehensive internal audit plans covering all aspects of the company's operations, including both wholesale and retail finance businesses (including outsourced activities) and related legal entities.
• This includes identifying key risks, determining audit scope, and developing appropriate audit procedures.
• Risk Assessment: Conduct regular risk assessments to identify emerging risks and vulnerabilities across the organization.
• Maintain an awareness of industry best practices and regulatory changes to ensure audit plans are aligned with the evolving risk landscape.
• Process Evaluation: Evaluate the design and effectiveness of internal controls, risk management frameworks, and compliance processes.
• Identify control gaps and weaknesses and recommend practical solutions for improvement.
• Compliance Monitoring: Monitor compliance with applicable laws, regulations, and internal policies, including those mandated by the Companies Act, RBI/NHB, and other relevant regulatory bodies.
• Reporting & Communication: Prepare clear and concise audit reports documenting audit findings, recommendations, and management responses.
• Communicate audit results effectively to senior management and the Audit Committee of the Board (ACB).
• Special Investigations: Conduct special investigations or reviews as requested by the ACB, senior management, or regulators.
• Governance Enhancement: Assess and recommend improvements to governance processes related to business decision-making, risk management, control, ethics, performance management, and staff accountability.
• Collaboration & Relationship Management: Build and maintain strong working relationships with key stakeholders across the organization.
• Collaborate effectively with management to implement audit recommendations.
• Continuous Improvement: Stay abreast of industry best practices, emerging risks, and regulatory changes.
• Contribute to the ongoing development and improvement of the internal audit function.

Qualifications:

• Education: Chartered Accountant (CA), MBA (Finance).
• Experience: 4 to 10 years of total work experience in internal audit and risk management within the HFC, NBFC, or Banking sector, including experience with Big 4 audit firms.

Knowledge:

• Strong understanding of the HFC, NBFC, and Banking systems.
• Familiarity with the Companies Act, RBI/NHB regulations, and other relevant regulatory requirements.
• Solid knowledge of internal audit methodologies, risk assessment frameworks, and control frameworks (e.g, COSO).
• Experience in conducting audits of both wholesale and retail finance businesses.

Skills:

• Excellent analytical, problem-solving, and critical thinking skills.
• Strong communication (written and verbal) and interpersonal skills.
• Ability to work independently and as part of a team.
• Strong organizational and time management skills.
• Proficiency in relevant software and tools (e.g , audit management software, data analytics tools)