Lead - Internal Audit - NBFC - CA

Job Description: Lead - Internal Audit - Leading NBFC

Position Overview:

We are seeking a highly skilled and experienced professional to join our team as the Lead Internal Auditor. As the Lead Internal Auditor, you will be responsible for designing, planning, and executing comprehensive internal audit programs to evaluate the effectiveness of our internal controls, risk management processes, and compliance with regulatory guidelines. Your insights and recommendations will play a crucial role in enhancing our organization's operations, risk mitigation strategies, and overall governance framework.

Key Responsibilities:

Audit Strategy and Planning:

- Develop and execute a risk-based audit plan for the NBFC, considering regulatory requirements, industry best practices, and business objectives.

- Collaborate with senior management to identify key risk areas, control weaknesses, and emerging risks.

Audit Execution:

- Lead and conduct internal audits of various functional areas, including lending, investment operations, treasury, financial reporting, compliance, and other relevant processes.

- Evaluate the effectiveness of internal controls, risk management practices, and compliance with applicable laws and regulations.

- Perform thorough testing, analysis, and documentation of audit findings, ensuring accuracy and relevance.

Risk Assessment and Mitigation:

- Assess risks associated with business operations and recommend proactive measures to mitigate potential risks.

- Analyze and provide insights on control deficiencies, operational inefficiencies, and potential areas for process improvement.

Stakeholder Engagement:

- Communicate audit findings, recommendations, and action plans to senior management, highlighting areas for improvement and suggesting practical solutions.

- Collaborate with cross-functional teams to ensure that audit recommendations are understood and appropriately addressed.

Regulatory Compliance:

- Stay updated with relevant regulatory guidelines, industry standards, and best practices to ensure that the NBFC's operations remain compliant.

- Monitor changes in regulations and adjust the audit approach as necessary.

- Audit Reporting and Documentation:

- Prepare comprehensive audit reports detailing findings, recommendations, and action plans.

- Maintain accurate and organized documentation of audit workpapers, findings, and management responses.

Qualifications and Skills:

Qualified C.A.

- Proven experience in internal auditing within the financial services industry, with a focus on NBFCs or related institutions.

- Strong understanding of risk management, regulatory compliance, and internal control frameworks.

- Excellent analytical skills and attention to detail, with the ability to identify patterns and trends.

- Exceptional communication skills, both written and verbal, with the ability to convey complex information clearly and concisely.

- Proficiency in using auditing software, data analytics tools, and Microsoft Office applications.

- Leadership capabilities with the ability to manage a team and collaborate effectively with stakeholders at all levels.

- Ethical and professional demeanor, maintaining confidentiality and integrity in all audit activities.