Head/AVP/DVP - Internal Audit & Quality Assurance - NBFC

Designation - AVP/ DVP

Reports to - Chief Executive Officer

Job Purpose:

- The Internal audit function is established by the Audit and Risk Committee of the Supervisory Board which is the highest level of governing body in the company.

- As the Head of the Internal Audit team, incumbent will work closely with other senior risk and governance professionals within the organization to evaluate programs, projects, and initiatives to ascertain whether they are being carried out as planned and to identify if the underlying objectives are being achieved and results are consistent with organizations plans and best practices.

- Reporting functionally to the CEO, Chairman & Board of Directors of the Risk Management Committee. Incumbent will lead a team of professionals dedicated to conducting operational, compliance, branch, and functional audits.

Key Job Responsibilities:

Main Task:

- Responsible for delivering the organizational strategic objectives by assessing the adequacy and effectiveness of corporate governance and management of risks

- Evaluating the systems established to ensure compliance with those policies, plans, procedures, laws and regulations which could have a significant impact on the organization

- Manage operational and financial audits including evaluating internal controls to ensure safeguards are in place to mitigate emerging areas of organizational risks

- Develop annually a risk-based internal audit plan & provide technical assistance with investigations, and special audits, and provide subject-matter expertise as needed

- Manage the implementation of all audit activities and communicate the results to the Audit Committee

- Ensure that the audit program complies with the laws and regulations of India

- Work closely with other departmental heads to enhance audit accounting and managerial controls

- Lead and drive the development of leading-edge capability in Internal Audit staff, processes, systems, and tools, including the delivery of first-rate training for the teams

- Influence internal and external relationships to ensure that industry, market and regulatory trends and risks are understood and managed effectively

- Implement systems to control operational risks arising from Internal and External frauds, inadequate and failed systems, processes and people

- Establish an appropriate Management Information System for Audit reporting.

Knowledge, Skills & Attributes:

- Risk Mitigation

- Commercial Acumen

- Leadership

- Leading Change

- Collaboration

- Business Orientation

Role Requirements:

Educational Qualification : Chartered Accountant or CFA / FRM

Experience :

- Overall 20 years + of experience in handling a similar role in an NBFC / BFSI sector

- 10+ years of progressive experience in planning, managing, and executing multi-channel, multi-segment Auditing