Lead - Retail Assets Audit - NBFC - CA

Our client is a NBFC

JOB OVERVIEW:

The primary role of INA function is to help the Board of Directors and senior management to protect its assets, reputation and sustainability. INA function provides independent and objective assurance as to whether design, quality and operational effectiveness of internal controls, risk management and governance related systems and processes as represented by management, is adequate.

KEY STAKEHOLDERS: INTERNAL

- Retail Business Head/ Credit Underwriting Head/ Risk Head/ Collection Head/ Operations Head/ BIU Head

KEY STAKEHOLDERS:

EXTERNAL: Regulators, Statutory Auditors

QUALIFICATION: Chartered Accountant (Mandatory)

EXPERIENCE:

- Strong familiarity with Companies Act, RBI / NHB and other regulatory requirements.

- Significant experience in developing, testing, and assessing internal controls.

- Strong analytical skill with knowledge and understanding of the HFC, NBFC and Banking systems, internal control, and reporting processes.

- 14-18 years of total work experience in internal audit and risk management of NBFC/ HFC/ Banking, and reputed audit firms. Preferred to have candidates from retail asset internal audit background who has managed central and branch audits

- Experience in undertaking audit for retail asset products and performing audits for retail lending business as per the risk-based audit plan

- Assess the Early Warning Signal (EWS) identification mechanism and its effectiveness

- Identify potential weaknesses in risk evaluation, monitoring and overall related processes, and recommend appropriate corrective actions

- Undertake audits, special investigations, or reviews at the request of Audit Committee of Board (ACB), Senior Management or Regulators.

- Travel to branches PAN India for audits as and when required

- Preparation of audit reports with adequate documentation and post-report activities and closure of the audits in system