Head - Internal Audit - NBFC - CA

About the company:

The company is a Non-Banking Finance Company registered under Section 45-IA of the Reserve Bank of India Act, 1934 categorized as Non-Deposit taking systematically Important (NBFC-ND-SI) and a fast growing financial service provider in India.

It was set up in year 1997 and is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Until 2011, it offered an entire bouquet of financial solutions and services with emphasis on debt advisory services and has executed transactions close to INR 50,000 crores during FY2009 to FY2011. In October 2010, we successfully completed a Qualified Institutional Placement (QIP) and raised INR 445 crores taking a foray into Asset Financing and the Lending business in FY2012, thus leveraging on its extensive domain knowledge and understanding.

The company lends primarily to three sectors:

Real Estate Lending:

The client provides short to medium term loans to real estate developers at different stages of project implementation including the project approval stage funding or as a last mile funding

SME and Retail Lending:

The client provides financial solutions for micro, small and medium entity/s by providing short to medium term loans for acquiring capital assets like machinery /equipment, Loan against property, Loan against Property Rentals, etc.

Affordable Housing Finance:

The company has has an aggressive Affordable Housing finance business and is progressively venturing into tier 2/3/4 towns.

About the opportunity:

The company has a book size of around Rs 2500 Cr and it has aggressive plans to increase the book size to around Rs 10,000 Cr over next 3-4 years.

Position: Head - Internal Audit

Location: Mumbai

Qualification: CA

Role and Responsibility:

1. Quarterly Reporting to the Audit & Risk Committee of the Board of Directors regarding the status and activity of the Internal Audit & Risk function vis-a- vis on the effectiveness of the organizations processes for controlling its activities and managing its risks, external audit activities and other items as requested.

2. Ensure close monitoring of the implementation of the risk based Internal Audit Plan, oversight of Audits at branch and Head office level.

3. Perform or direct the performance of special reviews and projects as requested by corporate management and/or the Audit Committee of the Board of Directors.

4. Review of processes and design controls, Identification of Process Gaps, areas of weak internal controls and elimination of such process deficiencies by blending the process review and transaction audit.

5. Planning and conducting internal audits/investigations in various functions of the company and introducing improvements across functions, resulting in significant cost and time saving.

6. Facilitating elimination of Non-compliance through appropriate corrective and preventive actions.

7. Initiating improvements and suggestions in weak areas and follow up on closure of agreed recommendations.

8. Preparing risk based audit plan and completing audits as per plan. Plan to include high risk process audits, branch audits, IT audits and file reviews.

9. Ensure all audits are conducted as per set audit processes.

10. Continuous improvement of audit processes.