Head – Internal Audit PMS Consulting

The Corporate Institute; Gurgaon; On-site; INR 1,200,000 - 1,600,000; Full time

Job summary

The Corporate Institute in India is seeking an experienced Internal Audit lead to design, implement and oversee a robust RBIA framework across the corporate office, branches and business units. The role entails planning audits aligned with risk assessments and presenting findings to senior management and the Audit Committee.

Responsibilities span RBI compliance, credit and loan audit across the lending lifecycle, branch and operations audits, collections and recovery reviews, and evaluating

Responsibilities

• Develop and implement a comprehensive Risk-Based Internal Audit (RBIA) framework.
• Prepare annual and quarterly internal audit plans based on business and risk assessment.
• Lead the overall internal audit function across corporate office, branches and business units.
• Present key audit findings and risk observations to senior management and the Audit Committee.
• Ensure audit coverage of applicable RBI regulations, directions and supervisory requirements.
• Review compliance with internal policies, SOPs and regulatory guidelines.
• Identify regulatory and compliance gaps and recommend corrective actions.
• Monitor closure of regulatory and internal audit observations.
• Conduct audits of the complete lending lifecycle: customer onboarding, KYC/AML, credit appraisal, sanction and disbursement, documentation, collateral/security, loan monitoring, repayment and closure.
• Review underwriting quality and adherence to credit policies.
• Identify deviations, process gaps, fraud indicators and potential credit risks.
• Lead branch and operational audits across the organization.
• Review cash handling, documentation, customer transactions and operational controls.
• Evaluate adherence to defined processes and internal controls.
• Identify control weaknesses and recommend process improvements.
• Review collection processes, customer receipts and recovery practices.
• Audit collection agencies and outsourced service providers.
• Identify irregularities, misappropriation risks and policy violations.
• Review repossession and recovery processes wherever applicable.
• Evaluate the effectiveness of internal control systems.
• Identify operational, financial, credit and process risks.
• Recommend preventive and corrective controls.
• Work closely with Risk, Compliance, Credit, Operations and Finance teams.

Job description

1. Internal Audit Strategy:

• Develop and implement a comprehensive Risk-Based Internal Audit (RBIA) framework.
• Prepare annual and quarterly internal audit plans based on business and risk assessment.
• Lead the overall internal audit function across corporate office, branches and business units.
• Present key audit findings and risk observations to senior management and the Audit Committee.

2. NBFC & RBI Compliance:

• Ensure audit coverage of applicable RBI regulations, directions and supervisory requirements.
• Review compliance with internal policies, SOPs and regulatory guidelines.
• Identify regulatory and compliance gaps and recommend corrective actions.
• Monitor closure of regulatory and internal audit observations.

3. Credit & Loan Audit:

• Conduct audits of the complete lending lifecycle:
• 1. Customer onboarding
• 2. KYC/AML
• 3. Credit appraisal
• 4. Sanction and disbursement
• 5. Documentation
• 6. Collateral/security
• 7. Loan monitoring
• 8. Repayment and closure
• Review underwriting quality and adherence to credit policies.
• Identify deviations, process gaps, fraud indicators and potential credit risks.

4. Branch & Operations Audit:

• Lead branch and operational audits across the organization.
• Review cash handling, documentation, customer transactions and operational controls.
• Evaluate adherence to defined processes and internal controls.
• Identify control weaknesses and recommend process improvements.

5. Collections & Recovery Audit:

• Review collection processes, customer receipts and recovery practices.
• Audit collection agencies and outsourced service providers.
• Identify irregularities, misappropriation risks and policy violations.
• Review repossession and recovery processes wherever applicable.

6. Risk & Internal Controls:

• Evaluate the effectiveness of internal control systems.
• Identify operational, financial, credit and process risks.
• Recommend preventive and corrective controls.
• Work closely with Risk, Compliance, Credit, Operations and Finance teams.