Internal Auditor – Risk Management – NBFC People Powered Solutions

The Corporate Institute; Gurgaon; On-site; INR 2,500,000 - 4,200,000; Full time

Job summary

The Corporate Institute in Gurgaon, India seeks an experienced senior internal audit leader to design and drive a risk-based internal audit program. The incumbent will oversee risk assessments, audit planning, and multi-functional audits including finance, IT, compliance and governance, ensuring adherence to RBI expectations and IIA/ICAI standards.

The role requires a Chartered Accountant or equivalent with a DISA/CISA and at least 10 years post-qualification experience in audit, risk

Qualifications

• CA/CS/Cost Accountant with DISA/CISA qualification and at least 10 years post-qualification experience in audit, risk management, compliance and controls assessment.

Responsibilities

• Establish and periodically review the Risk Based Internal Audit Charter for approval of the Audit Committee.
• Design and implement a Risk-Based Internal Audit framework aligned with RBI expectations as third line of defence.
• Ensure conformance to IIA/ICAI standards, IPPF ethics, code of conduct and regulatory requirements.
• Conduct enterprise-wide risk assessment across strategic, operational, financial, IT, cyber, compliance, legal and reputational risks.
• Prepare and present annual risk-based internal audit plan and resource plan to Audit Committee.
• Perform enterprise-wide audits across finance, IT, treasury, compliance and governance; assess controls and risk mitigation.
• Publish audit reports with risk ratings, root-cause analysis and time-bound recommendations to senior management and Audit Committee.
• Monitor compliance with audit observations, focusing on high-risk and critical findings.
• Provide assurance on RBI directions, SEBI regulations, Companies Act provisions and internal policies.
• Conduct special audits, investigations, and whistle-blower reviews as directed.
• Support RBI inspections, statutory audits and vigilance reviews from an internal audit perspective.
• Ensure coverage of outsourced activities per RBI guidelines and promote audit analytics and continuous auditing techniques.

Skills

Audit

Risk management

Compliance

Internal controls

Education

CA/CS/Cost Accountant with DISA/CISA

Job description

Responsibilities:

• Establish and periodically review the Risk Based Internal Audit Charter for approval of the Audit Committee.
• Design and implement a Risk-Based Internal Audit (RBIA) framework consistent with RBI expectations, treating internal audit as the third line of defence.
• Ensure conformance to Professional Internal Audit Standards (IIA and ICAI) and the Attribute and Performance standards as per IPPF on internal audit issued by IIA along with code of conduct, code of ethics and other regulatory and statutory requirements all the time.
• Conduct enterprise-wide risk assessment covering strategic, operational, financial, IT, cyber, compliance, legal, conduct, reputational and other risks.
• Prepare and place before the Audit Committee an annual risk-based internal audit plan and resource plan.
• Carry out enterprise wide internal audits of all functions including the integrated treasury (trading and settlement), finance and taxation, IT systems, branches, risk management, compliance and all other activities and functions in the Company. Assess adequacy and operating effectiveness of internal controls, risk mitigation measures, and governance processes.
• Place audit reports with risk ratings, root-cause analysis, and time-bound recommendations before senior management and the Audit Committee.
• Monitor and report status of compliance with audit observations, especially high-risk and critical observations.
• Provide assurance on compliance with RBI Directions, SEBI regulations, Companies Act provisions, other laws as well as internal policies and procedures.
• Conduct special audits, investigations, and fraud reviews including whistle-blower complaints as directed by the Audit Committee.
• Support RBI inspections, statutory audits, other audits and vigilance reviews from an internal audit perspective.
• Ensure audit coverage of outsourced activities and service providers in accordance with RBI outsourcing guidelines.
• Promote use of audit analytics, automation, and continuous auditing techniques. Lead, mentor, and evaluate performance of internal audit staff and external / outsourced auditors.

Candidate Requirements:

• The incumbent should be a Chartered Accountant / Company Secretary / Cost Accountant with DISA/CISA qualification having at least 10 years of post-qualification experience in audit, risk management, compliance and controls assessment.
• Experience in NBFCs/banks, financial institutions is must.
• Prior exposure to RBI inspections and regulatory audits is preferable.
• Experience in working with a RBI authorized Primary Dealer will be preferable.