Responsibilities:

- Establish and periodically review the Risk Based Internal Audit Charter for approval of the Audit Committee.

- Design and implement a Risk-Based Internal Audit (RBIA) framework consistent with RBI expectations, treating internal audit as the third line of defence.

- Ensure conformance to Professional Internal Audit Standards (IIA and ICAI) and the Attribute and Performance standards as per IPPF on internal audit issued by IIA along with code of conduct, code of ethics and other regulatory and statutory requirements all the time.

- Conduct enterprise-wide risk assessment covering strategic, operational, financial, IT, cyber, compliance, legal, conduct, reputational and other risks.

- Prepare and place before the Audit Committee an annual risk-based internal audit plan and resource plan.

- Carry out enterprise wide internal audits of all functions including the integrated treasury (trading and settlement), finance and taxation, IT systems, branches, risk management, compliance and all other activities and functions in the Company. Assess adequacy and operating effectiveness of internal controls, risk mitigation measures, and governance processes.

- Place audit reports with risk ratings, root-cause analysis, and time-bound recommendations before senior management and the Audit Committee.

- Monitor and report status of compliance with audit observations, especially high-risk and critical observations.

- Provide assurance on compliance with RBI Directions, SEBI regulations, Companies Act provisions, other laws as well as internal policies and procedures.

- Conduct special audits, investigations, and fraud reviews including whistle-blower complaints as directed by the Audit Committee.

- Support RBI inspections, statutory audits, other audits and vigilance reviews from an internal audit perspective.

- Ensure audit coverage of outsourced activities and service providers in accordance with RBI outsourcing guidelines.

- Promote use of audit analytics, automation, and continuous auditing techniques. Lead, mentor, and evaluate performance of internal audit staff and external / outsourced auditors.

Candidate Requirements:

- The incumbent should be a Chartered Accountant / Company Secretary / Cost Accountant with DISA/CISA qualification having at least 10 years of post-qualification experience in audit, risk management, compliance and controls assessment.

- Experience in NBFCs/banks, financial institutions is must.

- Prior exposure to RBI inspections and regulatory audits is preferable.

- Experience in working with a RBI authorized Primary Dealer will be preferable.