Senior Manager - Internal Audit - CA - NBFC

Company Profile:

We have a vacancy as Senior Manager - Internal Audit and Compliance based at Lower Parel for our clients who are a professionally managed NBFC organisation. The position directly reports to the CFO. The organisation is a non-deposit taking and non-systemically important NBFC registered with RBI. They have identified a niche in the lending business targeting small and medium sized retailers who find it difficult to get financed by traditional financial institutions. The loan offering is quite unique in terms of its parameters such as monetisation of future cash flows from payment cards swiped on Point-of-Sale terminal, flexibility in repayment, and partnership spirit.

It is a one-of-the-kind offering and will create a separate industry in the country. They have developed a specialised technology platform to cater to our special product. They also have CIBIL membership and access to consumer as well as commercial credit data. The company is driven by innovation, technology and entrepreneurial spirit in each sphere. The company has launched its business operations in Mumbai with plans to establish presence all across India over the next three years. By then, they plan to have an asset base of Rs 1,000 Cr and 500 employees.

The company intends to develop a business framework which would not only encompass traditional lending segment but also have a strong customer relationship program. The development of this framework will lead to engagement programs which would be customised for merchants and hence have a relation which would be independent of the loan. This is expected to be a unique feature in the product bouquet and lead to opportunities in having a very strong fee based presence in the financials.

The company operates out of its head office in Mumbai. The company has been set up by two entrepreneurs who had earlier set up a leading transaction processing Infrastructure Company for card-based payments that grew into the market leader. They sold it to one of the biggest IT companies in the world in 2010.

Job Description:

- Spearhead internal audit program covering all loan disbursal credit assessment (pre and post)

- Handling internal audit of all functions

- Presenting audit report to management once in a month and to board once in a quarter

- Interacting with statutory auditors

- Having knowledge of all RBI regulatory requirements for NBFC and ensuring audit programmes for checking the compliances

Candidate Profile:

- CA with 5 to 10 years relevant experience in NBFCs / Banks into Internal Audit, Credit audits and Credit assessment or CA Firms handling NBFC and /or banking clients.

- Must have experience in loan-process audits

Should you be interested in this assignment, kindly forward your latest CV in Word.doc immediately along with the following information in the covering letter: