Overview
The Head of Internal Audit will be responsible for providing independent and objective assurance to the Board and senior management on the effectiveness of governance, risk management, and internal controls across the organization. This individual will lead the internal audit function and play a critical role in safeguarding the company’s assets, enhancing operational efficiency, ensuring regulatory compliance, and supporting sound business practices.
Key Responsibilities:
Audit Strategy & Planning:
– Develop and execute a comprehensive risk-based internal audit plan aligned with business goals and regulatory requirements.
– Continuously assess and improve audit methodologies, frameworks, and tools.
Governance, Risk & Compliance:
– Evaluate the adequacy and effectiveness of internal controls, risk management processes, and corporate governance practices.
– Ensure adherence to RBI, SEBI, and other applicable regulatory frameworks for NBFCs.
Operational & Financial Audits:
– Lead audits across all business lines, including lending operations, treasury, credit, collections, technology, and support functions.
– Identify control gaps, process inefficiencies, and compliance issues; recommend actionable improvements.
Leadership & Team Management:
– Lead, mentor, and develop a high-performing internal audit team.
– Build a culture of integrity, transparency, and continuous improvement.
Stakeholder Engagement:
– Present findings, reports, and recommendations to the Audit Committee and senior leadership.
– Maintain strong relationships with external auditors, regulators, and internal stakeholders.
Technology & Data Analytics:
– Integrate technology into audit practices through automation and use of data analytics.
– Drive adoption of best practices in IT audits and cybersecurity assurance.
Skills & Competencies:
– In-depth knowledge of NBFC regulations, RBI guidelines, and risk frameworks
– Strong understanding of credit risk, operational risk, and compliance structures
– Excellent leadership, communication, and interpersonal skills
– Strategic thinking with hands-on execution capabilities
– High integrity and ethical standards
Preferred Background:
– Experience in a top-tier NBFC, bank, or Big 4
– Exposure to Lending, and data-driven audit practices
– Familiarity with COSO framework, SOX, and Basel norms