Internal Audit Manager - NBFC

Description:

Key Responsibilities:

Internal Audit Planning & Execution:

- Execute internal audits as per the approved audit plan for NBFC operations.

- Conduct audits covering branch operations, credit appraisal, disbursement, collections, and recovery processes.

- Review adherence to internal policies, SOPs, and RBI regulatory guidelines.

- Perform process walkthroughs, transaction testing, and control validations.

NBFC Compliance & Regulatory Audits:

- Ensure compliance with RBI guidelines, Master Directions, and circulars applicable to NBFCs.

- Review KYC/AML processes, customer onboarding, and documentation.

- Evaluate compliance with Fair Practices Code, credit policies, and lending norms.

- Support statutory, RBI, and concurrent audits.

Risk Assessment & Internal Controls:

- Identify operational, credit, fraud, and compliance risks.

- Assess the adequacy and effectiveness of internal controls.

- Recommend corrective and preventive measures to mitigate identified risks.

- Assist in risk assessments for new products, branches, or process changes.

Audit Reporting & Follow-up:

- Prepare clear and concise internal audit reports highlighting observations, risk ratings, root causes, and recommendations.

- Discuss audit findings with auditees and management.

- Track implementation of corrective actions and conduct follow-up audits.

- Escalate high-risk observations and delays to senior management.

Fraud Prevention & Investigation Support:

- Identify fraud indicators, policy deviations, and process lapses.

- Assist in preliminary fraud reviews and investigations as required.

- Recommend strengthening of controls to prevent recurrence.

Data Analysis & MIS:

- Use data analysis to identify trends, exceptions, and control failures.

- Prepare MIS, dashboards, and audit status reports for management review.

Process Improvement & Advisory:

- Suggest process improvements to enhance efficiency, compliance, and risk mitigation.

- Act as a business partner to operations, credit, and collections teams.

- Support automation and digitization initiatives from a control perspective.

Desired Candidate Profile:

Education & Certifications:

- CA , CMA, CPA, or MBA (Finance)

- Bachelors degree in Commerce, Accounting, or Finance

Experience:

- Up to 4 years of experience in internal audit, preferably within NBFC, BFSI, or financial services.

- Hands-on exposure to NBFC operations such as lending, credit appraisal, and collections.

- Experience in branch audits and regulatory compliance is preferred.