Internal Audit Manager

Position: Manager – Internal Audit

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 dash boards 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, Power Pont. 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

Reporting to: Chief of GRC

Location: Mumbai – May have to travel as required if needed.