Internal Auditor - NBFC Compliance

True Balance; Gurugram District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

True Balance is seeking an experienced Internal Audit professional to support RBI-regulated NBFC and PPI group entities. You will execute risk-based audits, identify regulatory gaps, prepare working papers, and track remediation with process owners.

The ideal candidate has 4–5 years in Internal Audit or Risk Advisory within NBFCs, Banks, or Fintechs, and possesses a solid grounding in RBI regulations affecting NBFCs and PPI. Strong analytical and stakeholder management skills are essential.

Qualifications

• 4–5 years in Internal Audit or Risk Advisory in NBFC/Bank/Fintech
• Strong understanding of RBI regulations applicable to NBFCs & PPI
• Excellent analytical, report writing and stakeholder management skills

Responsibilities

• Execute Internal Audits and IFC testing across business and support functions.
• Identify regulatory non-compliances, control gaps & process improvements.
• Prepare audit working papers, reports and discuss observations with process owners.
• Track implementation and validate closure of audit observations.
• Support audits covering RBI regulations (KYC, Digital Lending, Outsourcing, IT Governance, Customer Service, ALM, etc.).
• Assist in developing the RBIA framework and annual audit plan.
• Coordinate with external auditors and consultants, as required.

Skills

Analytical skills

Report writing

Stakeholder management

Education

CA

MBA (Finance)

Job description

Owned and operated by BalanceHero Group, True Balance is an RBI authorized Prepaid Payment Instrument (PPI) issuing entity. It offers loans through its subsidiary and RBI licensed Non-Banking Financial Company - True Credits Private Limited and other RBI licensed partners. Founded in 2016, as a mobile app for users in India to efficiently manage their phone calls and data usage, True Balance is now India’s one of the top financial services platforms providing solutions to all the financial needs of its users - from obtaining instant loans, paying utility bills to do prepaid recharges seamlessly. To date, True Balance has raised more than US$84 million in equity funding from marquee global investors like Softbank, Naver, and Line to name a few. The company aims to become the go-to financial services platform for the next billion people in India, playing a key role in the nationwide push towards the goal of Digital India and advancing financial inclusion amongst the unbanked and underbanked people.

Job Description:

Support execution of Risk-Based Internal Audits and IFC reviews for NBFC & PPI group entities regulated by RBI, ensuring strong governance, regulatory compliance and effective internal controls.

Roles and responsibilities:

Execute Internal Audits and IFC testing across business and support functions.

Identify regulatory non-compliances, control gaps & process improvements.

Prepare audit working papers, reports and discuss observations with process owners.

Track implementation and validate closure of audit observations.

Support audits covering RBI regulations (KYC, Digital Lending, Outsourcing, IT Governance, Customer Service, ALM, etc.).

Assist in developing the Risk-Based Internal Audit (RBIA) framework and annual audit plan.

Coordinate with external auditors and consultants, as required.

Required Experience:

4 - 5 years in Internal Audit or Risk Advisory with an NBFC, Bank or Fintech.

Good understanding of RBI regulations applicable to NBFCs & PPI.

Strong analytical, report writing and stakeholder management skills.

Education:

CA/ MBA (Finance)

We are looking for a proactive and analytical professional with a strong foundation in Internal Audit. The ideal candidate should be eager to learn, possess sound understanding of business processes and regulatory requirements and demonstrate the ability to work collaboratively with stakeholders while maintaining independence and professional scepticism. Experience in NBFCs, Banks, Fintechs, along with a passion for strengthening governance and controls, will be a pre-requisite.