Head - Internal Audit - NBFC

Head - Internal Audit - NBFC -FEMALE ONLY

Experience: 15+ Years (Including 1 Year in NBFC)

Location: [Mumbai]

Department or Vertical: Governance, Risk and Compliance

Functional Role | Designation: Head- Internal Audit | VP

Reports to: Head- Governance, Risk and Compliance

Purpose of the Role:

As the Head of Internal Audit, the person will be responsible for overseeing and managing the internal audit function within the organization. The primary objective will be to ensure the effectiveness of internal controls, compliance with regulatory requirements, and the safeguarding of assets. The position involves a crucial role in identifying and mitigating risks, providing independent and objective assurance to management and the board of directors.

Key Responsibilities:

- Develop and implement risk-based audit plans to evaluate the effectiveness of internal controls, governance processes, and risk management systems.

- Lead and conduct internal audits across various departments and business units, ensuring adherence to audit standards and methodologies.

- Assess the reliability and integrity of financial and operational information, as well as the efficiency of business processes.

- Identify areas of potential risk and provide recommendations for improvement in internal controls and operational processes.

- Communicate audit findings and recommendations to senior management and the board of directors, highlighting areas of concern and proposing remedial actions.

- Lead planning and execution of Internal Financial Control testing in coordination with external consultants

- Collaborate with management to develop action plans for addressing audit findings and monitor the implementation of corrective measures.

- Stay abreast of industry trends, regulatory changes, and emerging risks to ensure audit processes remain relevant and effective.

- Provide guidance and support to internal audit team members, fostering a culture of professionalism, integrity, and continuous improvement.

Educational Qualification:

- Bachelor's degree in accounting, finance, business administration, or a related field.

- Professional certification such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or Chartered Accountant (CA) mandatory qualification

- Advanced degree (e.g., Master's or MBA) in relevant field is a plus.

Relevant Skills:

- Strong understanding of internal auditing principles, practices, and standards.

- Excellent analytical and problem-solving skills, with the ability to evaluate complex business processes and identify control deficiencies.

- Proficiency in risk assessment methodologies and techniques.

- Effective communication skills, both verbal and written, with the ability to present findings and recommendations to senior management and

- Leadership capabilities, including the ability to motivate and mentor audit team members.

- Sound judgement and decision-making abilities, with a keen attention to detail.

- Proficiency in audit software and data analytics tools is desirable.

Relevant Experience:

- Minimum of 15 years of progressive experience in internal auditing, preferably within the financial services industry.

- Proven track record of leading successful audit engagements and managing audit teams.

- Experience working with regulatory requirements and compliance standards relevant to the financial services sector.

- Demonstrated ability to interact effectively with senior management and board members.

- Prior experience in risk assessment, control evaluation, and process improvement initiatives.

- Female candidates only

- Should be resident of Mumbai

- Should have independently headed IA function for at least 1 year

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