Spandana Sphoorty - Head - Internal Audit - Operational Risk Control

Designation: Sr VP/ VP/ AVP (commensurate to the relevant experience)

Reports to: Managing Director; Audit Committee of the Board

Location: Hyderabad

Compensation: Benchmarked to best in the Industry

Job Requirements:

- Prior Experience in Operational Risk Management/ Internal Audits/ Fraud Control in retail financial services Industry - preferably (but not restricted) in lending businesses like Banks/ NBFCs/ MFIs

- Educational Qualifications: MBA/ CA preferred but Masters Degree would not be a constraint for candidates with relevant prior experience

- Work Experience: Min of 5 years for AVP; 8 years for VP and 12 years for SVP and above

- Ability to lead an in-house team of Internal Auditors conducting Internal Audits at Branches

- Ability to guide, train, retain and motivate a large hierarchical team of 200

- Ability to travel to multi-locational branches spread across different states in India

- Ability to manage reporting and review with key stakeholders - including the Board Committees and Managing Director

- Ability to speak/ understand more languages besides Hindi and English will be a strength

Role and Responsibilities :

- Lead a team of multilingual Internal Auditors led by Executives, Managers and State-Heads of Internal Audit department.

- Supervise the planning and execution of Branch Internal Audits - mainly comprising of transaction audit and process audit using the in-house Internal Audit Tool - covering customer visits from the Branches

- Ensure that the sampling of branches covers the risk norms - including stated norms and occasional triggers and meets the desired Internal Audit coverage requirements.

- Ensure that risk-trigger based internal audits are conducted with proficiency and confidentiality by the team.

- Ensure that the Internal Audit reports are suitably reviewed and deficiency items are followed through for curing

- Ensure that the team is well capacitised to meet the company's growth with incremental hiring, training and backfilling for attrition across different states and also for meeting - in collaboration with HR and Training team

- Support Concurrent Audit/ Stat Audit and Head Office Audit functions

- Contribute to the overall operational Risk Control structure of the company with various initiatives that Management may undertake from time to time. Based on Experience of Branch Internal Audits, support identification of process gaps, areas of strengthening internal controls. Participate in Management Team reviews and contribute to overall policy/ process developments and risk-balanced growth.

- Quarterly Reporting to the Audit and Risk Committee of the Board