Lead - Internal Audit - NBFC - CA

Position: NBFC IA Lead

Reporting to: Group IA Head

Objective:

- Build and manage a robust IA function for the NBFC

- Make appropriate recommendations to improve the governance processes on business decision-making, risk management and control

- Promote appropriate ethics and values within the organization

Responsibilities:

- Prepare Internal Audit Charter for NBFC ensuring appropriate coverage of areas, applicable regulations, and best practices

- Ensure that the function carries out its responsibilities as defined by the regulator and best practices.

- Plan and supervise auditing programs

- Develop risk-rating systems for departments and comprehensive audit checklists

- Develop risk mitigation plans/strategies/mechanisms to safeguard against potential fraud, waste, or abuse.

- Verify that all statutory requirements are fulfilled by the organisation ensuring all necessary certificates and licenses are in place

- Present the audit report to the CEO/CFO/ Heads of Function, highlighting any areas of concern.

- Review and evaluate corrective measures for satisfaction of audit findings as well as monitor adequacy of corrective procedures

- Ensure final reports are issued with all recommendations agreed and accepted by the audited individual/group

- Ensure continuous market awareness, the concerned risk factors to be studied in detail and alerted to avert possible losses

- Review the performance of direct subordinates and determine their development needs.

- Ensure direct subordinates are fully trained through constant on-the-job training.

- Counsel subordinates in work-related matters.

Key Competencies:

- CA or equivalent with 7+ years of internal audit experience in the BFSI sector (lending)

- In-depth understanding of NBFC regulatory environment

- Attention to detail

- Critical thinking

- Assertive

- Team Management

- Strong verbal and written communication skills.