JOB OVERVIEW: The Internal Audit function plays a critical role as a third line of defense, in safeguarding the company's assets, reputation, and long-term sustainability. As Lead - Retail Audit, the incumbent will ensure strong risk management, controls, and governance across Piramal Finance's retail lending business. 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. 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 controls including 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

Mumbai

Senior Vice President/Vice President - Internal Audit - Retail-NBFC 

Job Description for Senior Vice President/Vice President - Internal Audit - Retail-NBFC  in COE Solution in  Mumbai for (15-20) years of experience. Apply Now!