Assistant Vice President Internal Audit

Bharat Financial Inclusion Limited (100% subsidiary of IndusInd Bank Ltd.); Hyderabad; On-site; INR 2,000,000 - 3,500,000; Full time

Job summary

Bharat Financial Inclusion Limited invites an experienced Internal Audit professional to plan, conduct, and complete audits of the MFI portfolio, ensuring timely reporting and high audit quality. The role coordinates with Field Audit and senior management to finalize monthly reports and oversee internal controls and system effectiveness.

The incumbent will perform risk-based analyses, lead audit findings closure, and support continuous improvement across the organisation, including limited

Qualifications

• B Com Graduate or equivalent.
• 15–20 years of work experience in Internal Audit in the Banking & Financial sector
• Minimum 5 years of Audit Experience especially in Micro Finance Loans.

Responsibilities

• Coordinate with field team, HO IA, and stakeholders to close audit findings and communicate them in a timely manner.
• Identify high-risk branches/areas and report outcomes to the reporting manager.
• Close open audit points through timely follow-up actions.
• Escalate and report critical audit findings to reporting managers.
• Quality-check audit reports before issuance.
• Coordinate with other departments to complete tasks efficiently.
• Conduct one or two branch audits per year.
• Support continuous improvement by identifying emerging risks and best practices across the organisation.
• Resolve team issues and resource constraints through timely intervention.

Skills

Internal Audit

Audit reporting

Stakeholder communication

Data analysis

Quality control

Branch auditing

Process improvement

Risk assessment

Education

B Com Graduate or equivalent

Job description

The Incumbent is responsible for planning, conducting, and completing audits of the MFI portfolio, ensuring timely reporting and high audit quality. The role also coordinates with Field Audit and senior management teams to finalize monthly audit reports and oversee compliance, internal controls, and system effectiveness.

• Coordinate with field team, HO IA team and stakeholders to conclude audit findings and ensure to communicate audit findings to stakeholders in a timely manner; obtain response on audit issues from stakeholders within agreed timelines.
• Perform analysis to arrive at high-risk branches/areas where more focus required and timely communicate to the reporting manager on the ‘outcome’ of such analysis
• Ensure to do audit follow-up action on open audit points till closure
• Ensure timely escalation and reporting of critical audit findings to the reporting managers.
• Responsible for doing quality check of the audit reports before issuance
• Coordinate and build relationships with the other departments to complete the assigned tasks in an effective and efficient manner.
• Conducting one or two branch audits once a year
• Support continuous improvement initiatives within the Internal Audit function by identifying emerging risks, process enhancements, and best practices across the organization.
• Resolve team issues, resource constraints, and operational challenges through timely intervention and effective decision-making.

Education & Experience:

• B Com Graduate or equivalent.
• Minimum 15 to 20 yearsof work experience in Internal Audit in the Banking & Financial sector
• Minimum 5 years of Audit Experience especially in Micro Finance Loans.