Senior Manager/Vice President - Internal Audit - NBFC/Financial Services - CA

Senior Manager/VP Internal Audit for NBFC and largest Financial Services - CA (1st Attempt)

- Conducting Audits: The Internal Audit Control is responsible for conducting regular audits of the financial and operational activities including branch operations, systems, and processes and ensuring compliance with company's policies and regulatory requirements.

- Prepare the Risk Based Internal Audit plan as per the requirement of RBI regulation and taking in consideration of business activities, risk involve & critical process

ii. Execute the audit plan by holding opening audit meeting with the functional head, to understand the existence of process, IFC documents and flow of activities.

- Handling compliance related activities which include NHB grids, Cash transaction reporting (CTR), Suspicious transaction reporting (STR).

- Risk Assessment: The Internal Audit Control must assess the risk exposure of the NBFC and develop an audit plan accordingly. This involves identifying key risk areas, evaluating the adequacy and effectiveness of controls, and making recommendations to mitigate risks.

- Compliance Monitoring: The Internal Audit Control must monitor the NBFC compliance with applicable laws, regulations, and internal policies. This involves reviewing the company operations and ensuring that all activities are carried out in accordance with regulatory requirements.

- Timely closure of audit and share the draft audit finding with function head for closure. Also prepare the Audit committee presentation and present the same in Pre-Audit committee along with the Head Audit.

- Ascertain the extent of compliance with Polices/ procedures, statutory obligations as per Reserve Bank of India (RBI) and National Housing Finance (NHB) regulation and other legislations.