An AI agent that applies to roles like this on employers' own sites. 25 applications free, no card needed.
Job Description
Job Title: Manager – Internal Audit (NBFC)
Location: Pune (Corporate Office)
Reports to: Head – Internal Audit / Chief Internal Auditor
Experience: 3–7 Years Post-Qualification
Qualification: Chartered Accountant (CA) mandatory
Job Purpose
To execute internal audits of Bajaj Auto Credit’s pan-India operations, with focus on controls across the lifecycle of Two-Wheeler (2W) and Three-Wheeler (3W) financing.
The candidate will evaluate the effectiveness of risk management, control, and governance processes, specifically focusing on credit underwriting, collections, and digital lending journeys.
Key Responsibilities
1. Operational & Field Audits
- Plan and execute risk-based audits for Spoke & Hub locations, focusing on 2W/3W dealer-point financing and collection agencies.
- Verify the integrity of the Credit Underwriting process, ensuring adherence to the Credit Policy and delegated authority limits.
- Audit the Collections & Recovery framework, including the management of repossession agencies, settlement processes, and yard management.
2. Process & Compliance Audit
- Review the Lending Lifecycle (Sourcing \ Disbursement \ Servicing \ Closure) to identify gaps in the digital and physical workflows.
- Ensure strict compliance with RBI Master Directions for NBFCs, including Fair Practices Code (FPC), KYC/AML norms, and Scale Based Regulations (SBR).
- Evaluate the effectiveness of Statutory Compliances related to GST, TDS, and other financial regulations specific to the lending business.
3. Data Analytics & Fraud Prevention
- Utilize Data Analytics (CAATs) to identify patterns of early-delinquency, fraudulent sourcing, or systemic "circular trading" at dealer counters.
- Investigate Whistleblower complaints or suspected internal/external fraud cases related to loan disbursements.
4. Reporting & Stakeholder Management
- Prepare high-quality, concise Audit Reports for Senior Management and the Audit Committee.
- Track and monitor the implementation of audit recommendations (Follow-up Audits) to ensure timely closure of observations.
Technical Skills & Competencies
- Sector Expertise: Deep understanding of NBFC operations, specifically in Retail Assets (Auto/Consumer Finance).
- Regulatory Knowledge: Well-versed with RBI regulations, Ind-AS (Financial Instruments), and Internal Financial Controls (IFC).
- Tech-Savvy: Proficiency in ERP systems (e.g., SAP/Oracle) and Loan Management Systems (LMS). Experience with data visualization tools (Tableau/Power BI) is a plus.
- Analytical Mindset: Ability to spot "red flags" in high-volume, small-ticket lending portfolios.
Behavioural Traits
- Integrity: Uncompromising ethics, given the nature of the audit function.
- Communication: Ability to discuss critical findings with senior stakeholders and push for process improvements.
- Mobility: Willingness to travel to regional hubs and spokes (approx. 20% travel) as required for field audits.
Skills
Data VisualizationPower BITableauOracleSAPGSTRisk ManagementInternal AuditComplianceCAStakeholder ManagementCommunicationIf a job posting appears fraudulent, asks for payment, contains misleading information, or violates our guidelines, please report it immediately. Our team will review it promptly, Jobaaj does not charge any fee from the applicants.
About Company
The Bajaj Group is amongst the top 10 business houses in India. Its footprint stretches over a wide range of industries, spanning automobiles (two-wheelers and three-wheelers), home appliances, lighting, iron and steel, insurance, travel and finance. The group's flagship company, Bajaj Auto, is ranked as the world's fourth largest two- and three- wheeler manufacturer and the Bajaj brand is well-known across several countries in Latin America, Africa, Middle East, South and South East Asia. Founded in 1926, at the height of India's movement for independence from the British, the group has an illustrious history. The integrity, dedication, resourcefulness and determination to succeed which are characteristic of the group today, are often traced back to its birth during those days of relentless devotion to a common cause. Jamnalal Bajaj, founder of the group, was a close confidant and disciple of Mahatma Gandhi. In fact, Gandhiji had adopted him as his son. This close relationship and his deep involvement in the independence movement did not leave Jamnalal Bajaj with much time to spend on his newly launched business venture. We are celebrating 125th Birth anniversary of Shri. Jamnalal Bajaj on 4th of November 2014. His son, Kamalnayan Bajaj, then 27, took over the reigns of business in 1942. He too was close to Gandhiji and it was only after Independence in 1947, that he was able to give his full attention to the business. Kamalnayan Bajaj not only consolidated the group, but also diversified into various manufacturing activities. The present Chairman of the group, Rahul Bajaj, took charge of the business in 1965. Under his leadership, the turnover of the Bajaj Auto the flagship company has gone up from INR.72 million to INR. 120 billion, its product portfolio has expanded and the brand has found a global market. He is one of India’s most distinguished business leaders and internationally respected for his business acumen and entrepreneurial spirit.
Similar Jobs
View all
New Audit & Control roles in India.
One email a day. Unsubscribe any time.
