Assistant Vice President - Branch & Concurrent Audit - NBFC

ESSENTIAL SKILLS AND EXPERIENCE:

- 8-12 years of experience in Internal Audit within Banks, NBFCs, Housing Finance Companies, or Financial Services organizations.

- Strong experience in Branch Audits, Concurrent Audits, Operational Audits, and Internal Financial Controls.

- Prior experience in leading audit teams and managing external audit partners is preferred.

- Good understanding of retail lending products, branch operations, credit processes, collections, and regulatory requirements applicable to NBFCs.

- Exposure to risk-based auditing methodologies and audit analytics will be an added advantage.

KEY RESPONSIBILITIES:

1. Branch & Concurrent Audit Management:

- Manage the Branch and Concurrent Audit program in line with the approved audit plan.

- Plan and allocate audits to internal team members and external audit partners, ensuring timely execution and quality delivery.

- Review audit reports and monitor closure of audit observations in coordination with business teams.

- Drive onboarding, training, and quality assurance for concurrent auditors.

2. Operational Audit:

- Review the adequacy and effectiveness of internal controls, operational processes, and compliance with internal policies and regulatory requirements.

- Assess the reliability of financial and operational information and evaluate controls to safeguard organizational assets.

- Conduct branch visits and audits across the network to evaluate operational effectiveness and adherence to established processes.

3. Stakeholder Management:

- Collaborate with Business, Operations, Risk, and other stakeholders to discuss audit observations and drive timely resolution of identified issues.

- Present key audit findings and emerging risks to Internal Audit leadership.

4. Special Reviews & Continuous Improvement:

- Undertake special audits, thematic reviews, and management-requested assignments.

- Identify process gaps and recommend practical control improvements to strengthen the overall control environment.