Internal Auditor – Risk Management

Adept Consulting Partners; Mumbai; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

A leading financial consulting firm in Mumbai is seeking a highly skilled Internal Auditor with 12-18 years of experience in the internal audit and risk management sectors, preferably in the HFC, NBFC, or Banking fields. The role involves conducting comprehensive audits, assessing the effectiveness of controls, and ensuring regulatory compliance. The candidate must hold a CA/CPA/MBA (Finance) and possess excellent communication and interpersonal skills. This is a full-time position with a significant impact on the financial health of the organization.

Qualifications

• 12-18 years of relevant experience in internal audit and risk management.
• Exposure to HFC, NBFC, or Banking sector, preferably with Big 4 audit firms.
• Strong understanding of regulatory requirements.

Responsibilities

• Perform independent audits of business processes.
• Evaluate internal controls to mitigate risks.
• Prepare detailed audit reports summarizing findings.

Skills

Auditing standards

Risk management frameworks

Financial analysis

Data analytics

Communication skills

Presentation skills

Education

CA/CPA/MBA (Finance) or equivalent qualification

Tools

Audit software

Job description

About the Role

• We are seeking a highly skilled and experienced Internal Auditor to join our dynamic team.
• This role offers an excellent opportunity to contribute to the financial health and regulatory compliance of our organization.
• As an Internal Auditor, you will play a crucial role in assessing the effectiveness of our controls, risk – management practices, and compliance with relevant regulations.

Key Responsibilities

Conduct Comprehensive Audits

• Perform independent and objective audits of various business processes, including loan origination, underwriting, disbursement, recovery, and asset management.
• Evaluate the adequacy and effectiveness of internal controls to mitigate risks and ensure operational efficiency.
• Assess compliance with relevant laws, regulations, and internal policies and procedures, such as the Companies Act, RBI/NHB guidelines, and internal policies.

Risk Assessment and Management

• Identify, analyze, and evaluate key risks inherent in the business operations.
• Assess the adequacy of risk management strategies and controls to mitigate identified risks.
• Recommend improvements to risk management frameworks and control processes.

Regulatory Compliance

• Stay updated on regulatory changes and industry best practices.
• Ensure adherence to regulatory requirements and internal policies.
• Identify potential regulatory compliance issues and recommend corrective actions.

Special Investigations and Reviews

• Conduct special investigations and reviews as required by the Audit Committee, Senior Management, or regulatory authorities.
• Analyze complex financial transactions and identify potential fraud or irregularities.

Reporting and Communication

• Prepare detailed audit reports, summarizing findings, conclusions, and recommendations.
• Communicate effectively with management at all levels, including senior executives and the Audit Committee.
• Present findings and recommendations in a clear and concise manner, both verbally and in writing.

Qualifications and Experience

• Education: CA/CPA/MBA (Finance) or equivalent qualification.
• Experience: 12-18 years of relevant experience in internal audit and risk management within the HFC, NBFC, or Banking sector, preferably with exposure to Big 4 audit firms.
• Technical Skills: Strong understanding of auditing standards, risk management frameworks, and regulatory requirements.
• Proficiency in financial analysis, data analytics, and use of audit software.
• Interpersonal Skills: Excellent communication, interpersonal, and presentation skills.