Chief Internal Auditor - BFSI

Role Overview:

As the Chief Internal Auditor for our BFSI operations in Chennai, you will be instrumental in safeguarding the organization's assets, ensuring regulatory compliance, and enhancing operational efficiency. This pivotal role involves leading the entire internal audit function, from strategic planning and risk assessment to the meticulous execution of audit engagements.

You will collaborate closely with the Board, Audit Committee, and Senior Management, providing independent and objective assurance on the effectiveness of risk management, control, and governance processes. Your day-to-day will involve overseeing a high-performing team, driving a robust audit methodology, and delivering actionable insights that directly influence strategic decision-making and contribute to the sustained growth and stability of the business.

Key Responsibilities:

- Develop and execute a comprehensive annual audit plan for the Board and Audit Committee, ensuring all critical risk areas and regulatory requirements are adequately covered to maintain a strong control environment.

- Lead and mentor a team of internal audit professionals, fostering a culture of excellence and continuous improvement to deliver high-quality, impactful audit reports and recommendations.

- Conduct in-depth risk assessments across all business units and functions, identifying potential vulnerabilities and control gaps to proactively mitigate financial, operational, and reputational risks.

- Present audit findings, recommendations, and progress updates to the Audit Committee and Senior Management, facilitating informed decision-making and ensuring timely remediation of identified issues.

- Oversee the implementation and adherence to internal audit policies, procedures, and methodologies, ensuring consistency and compliance with professional standards and regulatory expectations.

- Collaborate with external auditors and regulatory bodies, providing necessary documentation and support to ensure seamless examinations and maintain strong stakeholder relationships.

- Advise management on best practices in governance, risk management, and internal controls, contributing to the continuous enhancement of the organization's control framework and operational resilience.

Required Skillset:

- Candidates for this role should possess a demonstrated ability to lead and transform internal audit functions within the BFSI sector, coupled with a deep understanding of financial services regulations and risk frameworks.

- You will exhibit exceptional strategic thinking, capable of translating complex audit findings into clear, actionable recommendations for executive leadership.

- Strong interpersonal and communication skills are paramount, enabling effective engagement with diverse stakeholders, including the Board, Audit Committee, and senior business leaders.

- A proven track record of managing and developing high-performing teams is essential.

- Educational qualifications typically include a Chartered Accountant (CA), CPA, or an MBA from a premier institution, complemented by relevant professional certifications such as CISA or CIA.

- This is an on-site role based in Chennai, requiring a minimum of 12 to 18 years of progressive experience in internal audit, with a significant portion in the BFSI domain.