About Company:

A leading NBFC with - 10,000+ crore AUM, specializing in rural and MSME financing through business loans, farm equipment finance, and affordable housing solutions.

Job Description:

1. Strategy:

- Lead the development of the organization's risk-based Internal Audit Plan.

- Understand business processes and operational nuances to support the development and implementation of Standard Operating Procedures (SOPs), operational systems, and internal controls.

- Conduct quarterly and annual assessments of the adequacy and effectiveness of audit, risk, and internal control systems, and present key findings to the CEO/COO.

- Establish and follow reporting protocols to enable proactive risk management in collaboration with cross-functional teams.

- Monitor industry trends, emerging risks, and regulatory developments, providing strategic inputs to business leadership and the Board.

2. Operations:

- Drive implementation and monitoring of Corrective and Preventive Actions (CAPA) across business functions.

- Develop and execute the annual internal audit plan, including defining audit objectives, scope, resource allocation, budgets, timelines, and manpower planning.

- Conduct periodic reviews of systems, processes, and organizational structures to strengthen compliance and minimize operational risks.

- Lead investigations into operational incidents, policy violations, and control failures, providing expert recommendations to senior management.

- Ensure timely and consistent reporting to the Audit & Risk Committee.

- Lead special audits and investigations as directed by Senior Management and the Audit Committee.

3. Compliance:

- Review business operations for compliance with applicable regulatory requirements, internal policies, and governance standards.

- Analyze audit observations and oversee implementation of remediation and corrective action plans to minimize business risks.

4. Business Excellence:

- Recommend improvements to existing SOPs and Delegation of Authority (DOA) frameworks based on audit findings to enhance governance and operational efficiency.

- Monitor progress of improvement initiatives, ensuring adherence to defined timelines, budgets, methodologies, and expected outcomes.

5. Technology Management:

- Promote optimal utilization of audit technology and analytics platforms to improve audit effectiveness and operational efficiency.

- Support troubleshooting, issue escalation, and monitoring of technology utilization.

- Identify opportunities to automate audit activities and integrate technology-driven solutions into audit processes.

6. Stakeholder Management:

- Partner with the CEO, COO, CFO, and business leaders to strengthen understanding of business processes, risks, controls, and governance practices.

- Act as a Subject Matter Expert (SME), advising business stakeholders and the Audit Committee on emerging regulatory developments, risks, and governance matters.

7. Governance & Quality Assurance:

- Foster a culture of transparency, compliance, accountability, and ethical business practices.

- Develop and implement audit governance frameworks, quality assurance metrics, and performance monitoring mechanisms.

- Define and implement escalation protocols for timely resolution of audit observations, control deficiencies, and operational incidents.

Key Interactions:

Internal Stakeholders:

- CEO, COO, CFO, and Business Leaders to understand strategic priorities, business processes, and key risks.

- Audit Committee and Business Stakeholders for governance updates and audit reporting.

- Support Functions including IT, HR, Finance, Legal, and Compliance.

External Stakeholders:

- Statutory Auditors

- Internal Audit Firms

- Third-Party Auditors and Assurance Partners

- Regulatory Auditors (as applicable)

Qualifications:

- Chartered Accountant (CA) and/or Certified Internal Auditor (CIA).

- 12- 15+ years of progressive experience in Internal Audit, Risk Management, Compliance, or Assurance, with significant leadership experience.

- Strong understanding of regulatory requirements, corporate governance, and internal control frameworks, preferably within the BFSI/NBFC sector.

Key Skills Required:

- Deep understanding of NBFC/HFC regulations, lending operations, credit lifecycle, and operational processes.

- Expertise in Risk-Based Internal Auditing, Internal Controls, Governance, and Enterprise Risk Management.

- Strong knowledge of regulatory compliance, corporate governance, and internal control frameworks.

- Excellent analytical, problem-solving, and investigative capabilities.

- Proven ability to identify business risks and recommend practical, value-driven solutions.

- Strong leadership and people management skills.

- Excellent stakeholder management with the ability to influence senior leadership, Audit Committee members, and the Board.

- High integrity, ethical mindset, and commitment to governance and compliance.

- Strong communication, presentation, and report-writing skills.

- Experience leveraging audit analytics and technology to improve audit effectiveness.