Head – Internal Audit – NBFC Starchase Executive Seach Consultancy

The Corporate Institute; Mumbai; On-site; INR 1,400,000 - 2,000,000; Full time

Job summary

The Corporate Institute in Mumbai seeks Head Internal Audit to lead risk-based audits across branches, functions, and LAP processes. You will drive governance, controls, and fraud risk initiatives while ensuring NBFC regulatory compliance.

Senior candidate will manage a team, oversee multi-location audits, and present findings to the Audit Committee, strengthening analytics across the organization.

Qualifications

• Must have hands-on internal audit experience in NBFCs.
• Exposure to credit processes, collections and complete loan lifecycle.
• Experience with Loan Against Property (LAP) products is preferred.
• Senior-level experience with team leadership responsibilities.

Responsibilities

• Develop and implement the annual risk-based internal audit plan covering branches, HO functions, credit, operations, finance, IT, and risk areas.
• Lead branch audits, process audits, thematic audits, and special investigations across locations.
• Evaluate effectiveness of internal controls, governance, and risk management practices across the organization.
• Review credit underwriting, disbursement, documentation, collections, and portfolio monitoring processes for Loan Against Property.
• Present audit findings and recommendations to senior management and the Audit Committee.
• Monitor closure of audit observations and ensure timely corrective actions by business teams.
• Oversee fraud risk management frameworks and investigations of suspected fraud cases.
• Ensure adherence to NBFC regulatory requirements and coordinate with statutory/regulatory auditors.
• Build, mentor, and lead the internal audit team while strengthening risk-based audit methodologies and analytics adoption.

Skills

NBFC Internal Audit

LAP credit processes

Regulatory compliance

Leadership/Team management

Job description

Head Internal Audit

Key Responsibilities:

• Develop and implement the annual risk-based internal audit plan covering branches, HO functions, credit, operations, finance, IT, and risk areas.
• Lead branch audits, process audits, thematic audits, and special investigations across locations.
• Evaluate effectiveness of internal controls, governance, and risk management practices across the organization.
• Review credit underwriting, disbursement, documentation, collections, and portfolio monitoring processes for Loan Against Property.
• Present audit findings and recommendations to senior management and the Audit Committee.
• Monitor closure of audit observations and ensure timely corrective actions by business teams.
• Oversee fraud risk management frameworks and investigations of suspected fraud cases.
• Ensure adherence to NBFC regulatory requirements and coordinate with statutory/regulatory auditors.
• Build, mentor, and lead the internal audit team while strengthening risk-based audit methodologies and analytics adoption.

Ideal Profile:

• Strong hands-on experience in Internal Audit within NBFCs.
• Exposure to credit processes, collections, and the complete loan lifecycle.
• Experience in Loan Against Property (LAP) products.
• Senior-level experience with team handling and leadership responsibilities.
• Strong understanding of regulatory compliance, risk management, and audit controls.