Lead – Internal Audit – CA

Education qualification: CA Mandatory

KEY ROLES/RESPONSIBILITIES:

– Conduct risk-based internal audits across business verticals including Retail Assets, Wholesale/Credit, and Support functions (Treasury, Finance, HR, IT, etc.)

– Perform independent assessments of business processes, controls, documentation, underwriting, monitoring mechanisms, and operational practices to identify associated risks and mitigants.

– Evaluate adherence to internal policies, SOPs, regulatory guidelines, and governance standards, and highlight deviations or control weaknesses.

– Review effectiveness of risk monitoring frameworks including Early Warning Signals (EWS), exception management, portfolio monitoring, and escalation mechanisms, where applicable.

– Identify gaps in process design, control execution, and risk management practices, and recommend practical corrective and preventive actions.

– Undertake thematic reviews, special audits, investigations, or assignments as directed by Senior Management, Audit Committee of the Board (ACB), or Regulators.

– Prepare Business Understanding Documents (BUDs), risk assessments, audit plans, and checklists to ensure comprehensive audit coverage.

– Execute audits end-to-end including planning, fieldwork, testing, documentation, stakeholder discussions, reporting, and closure tracking.

– Draft clear, concise, and actionable audit reports supported by adequate documentation and evidence.

– Monitor closure of audit observations and assess effectiveness of remediation actions implemented by auditees.

– Collaborate with cross-functional teams and stakeholders to drive timely resolution of audit findings and strengthen internal controls.

– Lead, guide, and mentor audit team members by reviewing workpapers, providing direction, and ensuring quality and consistency in audit execution.

– Stay updated on industry practices, emerging risks, regulatory developments, and changes in the NBFC and financial services landscape.

– Travel across locations/branches PAN India as required for audit assignments