Internal Audit Associate

National Payments Corporation of India (NPCI); Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

National Payments Corporation of India (NPCI) seeks a skilled internal audit professional to conduct risk-based audits across the NPCI Group, focusing on financial, operational, compliance, and IT processes. The role emphasizes planning, execution, and strengthening governance and compliance through strong controls.

The candidate will develop audit plans, test procedures, and provide actionable recommendations, including advisory support on process improvements and system implementations.

Qualifications

• CA with 2+ years PQE and relevant BFSI internal audit experience.
• Experience in risk, governance, and controls across BFSI processes.
• Hands-on experience on internal audits: operational, concurrent, thematic, financial.

Responsibilities

• Plan and execute risk-based internal audits across NPCI Group.
• Develop audit plans, programs, and testing procedures.
• Perform walkthroughs, control testing, and substantive procedures.
• Identify control gaps, root causes, and improvement opportunities.
• Prepare audit reports with recommendations and discuss with management.
• Track and follow up on management actions; present results to senior management.

Skills

Risk-based internal audits

GRC and controls

AI driven audit execution

Operations & financial audits

Education

CA with 2+ years PQE

Job description

Role & responsibilities

This role is responsible for conducting risk-based internal audits across the NPCI Group, covering financial, operational, compliance, and IT processes. The position involves planning and executing audits, evaluating internal controls, identifying risks and control gaps, and recommending process improvements to strengthen governance and compliance.

Audit Planning & Execution

• Conduct risk-based internal audits across financial, operational, compliance, and IT areas for NPCI Group.
• Develop audit plans, audit programs, and testing procedures for NPCI Group
• Perform walkthroughs, control testing, and substantive procedures for NPCI Group
• Identify control gaps, root causes, and improvement opportunities for NPCI Group
• AI driven audit execution

Risk, Control & Governance

• Evaluate the effectiveness of internal controls for NPCI Group
• Assess compliance with policies, procedures, laws, and regulations applicable to NPCI group.

Reporting & Communication

• Prepare clear, concise audit reports with practical recommendations.
• Discuss findings with process owners and management.
• Track and follow up on agreed management actions.
• Present audit results to senior management / audit committees (for senior roles).

Advisory & Value Addition

• Provide advisory support on process improvements, system implementations, and new initiatives.
• Act as a trusted advisor while maintaining independence.

Support continuous improvement of internal audit methodology

Preferred candidate profile

• CA with 2+ years for PQE.
• Risk based Internal audits.
• Governance risk and controls
• Hands on experience on Internal Audits - Operation audits, Concurrent audits, Thematic audits, Financial audits
• Experience in BFSI sector