Internal Audit Manager - Retail

Description:

Role: Internal Audit Manager - Retail

Location: Kurla, Mumbai

Role Overview

The Internal Audit function plays a critical role in safeguarding organizational assets, reputation, and sustainability by providing independent and objective assurance on internal controls, risk management, and governance processes.

Key Responsibilities:

- Conduct audits for retail asset / retail lending products as per risk-based audit plans

- Perform independent assessments, identify risks, mitigants, and process gaps

- Review pre- and post-disbursement documentation, controls, and monitoring mechanisms

- Assess Early Warning Signals (EWS) and their effectiveness

- Review adherence to internal policies and regulatory guidelines (RBI / NHB)

- Identify control weaknesses and recommend corrective actions

- Prepare Business Understanding Documents and Audit Checklists

- Review team work, discuss audit findings, and ensure closure with auditees

- Prepare audit reports with proper documentation and follow-up actions

- Handle special audits / investigations as requested by senior management, audit committee, or regulators

Key Stakeholders:

Internal:

- Retail Business Head, Credit Underwriting Head, Risk Head, Collections Head, Operations Head, BIU Head

External:

- Regulators, Statutory Auditors

Eligibility Criteria:

Qualification: Chartered Accountant (Mandatory)

- Non-CA / Semi-qualified CA candidates please do NOT apply

Experience:

- 1-5 years in Internal Audit / Risk Management

- Exposure to NBFC / HFC / Banking environment or reputed audit firms

- Strong understanding of Companies Act, RBI / NHB regulations

- Preferred candidates with Retail Asset Internal Audit experience, including central & branch audits