Job Description
Position: Manager - Internal Audit
Location: Mumbai (May have to travel as required)
Reporting to: Chief of GRC
Job Responsibility (in summary):
- To Plan, Manage and execute risk-based internal audits, evaluate the effectiveness of internal controls, ensure compliance with internal policies and compliance with RBI guidelines and directions wherever applicable.
- Ensure adherence to the Regulatory compliances as per RBI Master directions relating to KYC/AML, customer complaint redressals, Fair Practices Code and other applicable regulatory guidelines and directions.
- Identify and report operational, credit, fraud and compliance risks, evaluate adequacy of controls for risk identification and management and recommend for improvements in the processes to mitigate those risks.
- Prepare audit reports with actionable insights. Discuss with Management and relevant functions and track the implementation of decided corrective actions.
- Assist in investigation of potential Frauds, deviations in policy implementations, process lapses and discuss with functional heads and Management.
- Prepare periodical reports, MIS and dashboards as required for senior management and the Board/Committees of the Board.
- To coordinate with the internal auditor engaged for conduct of the audit for the functions other than IT, Engineering, Product and Operations.
- To coordinate with persons internally assigned for the audit of IT, Engineering, Product and Operations functions and ensure completion of audit satisfactorily within the set timelines.
- Identify and implement any audit tools that can help in the process of audit across functions, reports and tracking implementations of actions identified.
- To present to the Management the audit findings along with Management Responses and ensure the final report with the Management replies/remedial measures are presented to the Audit Committee of the Board.
Key Competencies:
- Deep understanding of the Products, Operational Processes, Credit underwriting
- Knowledge on Regulatory guidelines, Master directives specific to lending companies
- Analytical ability - Proficiency to analyse/understand data
- Proficiency in MS Office - Advanced Excel, PowerPoint
- Preferably worked in any audit software tools
- Strong interpersonal skills, communication skills, report writing
Desired Candidate Profile:
- CA / CMA
- 4-6 years of relevant experience in internal audit of a mid/top layer NBFC/Banks or any top tier audit firm
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