Lead - Retail Audit - CA

Retail Audit Lead

JOB OVERVIEW:

KEY STAKEHOLDERS: INTERNAL

Various Business/Vertical heads: Retail Business Head/ Credit Underwriting Head/ Risk Head/ Collection Head/ Operations Head/ BIU Head

KEY STAKEHOLDERS: EXTERNAL

Regulators, Statutory Auditors

REPORTING STRUCTURE:

Head - Internal Audit

QUALIFICATION:

Chartered Accountant

EXPERIENCE:

- Strong familiarity with Companies Act, RBI / NHB and other regulatory requirements.

- Significant experience in developing, testing, and assessing internal controls.

- Strong analytical skill with knowledge and understanding of the HFC, NBFC and Banking systems, internal control, and reporting processes.

- 12 to 18 years of total work experience in internal audit and risk management of NBFC/ HFC/ Banking, and reputed audit firms. Preferred to have candidates from retail asset internal audit background who has managed central and branch audits

- Experience in undertaking audit for retail asset products and performing audits for retail lending business as per the risk-based audit plan.

BUSINESS UNIT: Partner Functions

KEY ROLES/RESPONSIBILITIES:

- Conduct independent assessments, identify associated risks and mitigants, perform financial analysis, and highlight gaps

- Review, documentation, pre- and post-disbursement conditions and monitoring practices and controlsincluding Early Warning Signal (EWS) identification mechanism and its effectiveness.

- Identify potential weaknesses in risk evaluation, monitoring and overall related processes, and recommend appropriate corrective actions.

- Review adherence to internal processes and regulatory guidelines, ensuring alignment with company policies.

- Assess and recommend improvements to governance processes, risk management, and controls, while promoting strong ethics, accountability, and effective performance management.

- Undertake audits, special investigations, or reviews at the request of Audit Committee of Board (ACB), Senior Management or Regulators.

- Preparation of Business Understanding Document and Audit Checklist ensuring adequate audit scope coverage.

- Lead and mentor audit teams by reviewing their work, overseeing audit findings, and facilitating discussions with auditees to ensure effective closure and coordination across departments.

- Travel to branches PAN India for audits as and when required.

- Preparation of audit reports with adequate documentation and post-report activities and closure of the audits in system.