L3 - Manager - Internal Audit - BACL

Bajaj Auto Limited; India; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Bajaj Auto Limited seeks a Manager – Internal Audit (NBFC) to oversee pan-India audits across 2W/3W financing. The role demands CA certification and 3–7 years of post-qualification experience in NBFC audits, with strong focus on underwriting, collections, and regulatory compliance.

You will lead risk-based field audits, analyze data with CAATs, and prepare reports for senior management. Occasional travel (≈20%) is required across regional hubs.

Qualifications

• CA certification is mandatory and post-qualification experience required.
• 3–7 years of post-qualification experience in internal audit or NBFC environments.
• Experience with RBI guidelines and regulatory compliance is preferred.

Responsibilities

• Plan and execute risk-based audits for Spoke & Hub locations, focusing on 2W/3W dealer-point financing.
• Verify the integrity of the Credit Underwriting process and ensure policy adherence.
• Audit the Collections & Recovery framework including repossession, settlements, and yard management.
• Review the Lending Lifecycle to identify gaps in digital and physical workflows; ensure RBI Master Directions compliance.
• Evaluate statutory compliances related to GST, TDS, and other financial regulations.
• Utilize Data Analytics (CAATs) to detect early-delinquency, fraudulent sourcing, or circular trading.
• Investigate whistleblower complaints or suspected fraud related to loan disbursements.
• Prepare audit reports for Senior Management and Audit Committee; track implementation of recommendations.
• Travel to regional hubs for field audits (approx. 20% travel).

Skills

Analytical thinking

Risk assessment

Data analytics

ERP proficiency

Tableau/Power BI

Education

Chartered Accountant (CA)

Tools

SAP

Oracle

Tableau

Power BI

LMS

Job description

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Job Title: Manager – Internal Audit (NBFC)

Reports to: Head – Internal Audit / Chief Internal Auditor

Experience: 3–7 Years Post-Qualification

Qualification: Chartered Accountant (CA) mandatory

Job Purpose

To execute internal audits of Bajaj Auto Credit’s pan-India operations, with focus on controls across the lifecycle of Two-Wheeler (2W) and Three-Wheeler (3W) financing.

The candidate will evaluate the effectiveness of risk management, control, and governance processes, specifically focusing on credit underwriting, collections, and digital lending journeys.

Key Responsibilities

1. Operational & Field Audits

• Plan and execute risk-based audits for Spoke & Hub locations, focusing on 2W/3W dealer-point financing and collection agencies.
• Verify the integrity of the Credit Underwriting process, ensuring adherence to the Credit Policy and delegated authority limits.
• Audit the Collections & Recovery framework, including the management of repossession agencies, settlement processes, and yard management.

2. Process & Compliance Audit

• Review the Lending Lifecycle (Sourcing \ Disbursement \ Servicing \ Closure) to identify gaps in the digital and physical workflows.
• Ensure strict compliance with RBI Master Directions for NBFCs, including Fair Practices Code (FPC), KYC/AML norms, and Scale Based Regulations (SBR).
• Evaluate the effectiveness of Statutory Compliances related to GST, TDS, and other financial regulations specific to the lending business.
• Utilize Data Analytics (CAATs) to identify patterns of early-delinquency, fraudulent sourcing, or systemic "circular trading" at dealer counters.
• Investigate Whistleblower complaints or suspected internal/external fraud cases related to loan disbursements.

4. Reporting & Stakeholder Management

• Prepare high-quality, concise Audit Reports for Senior Management and the Audit Committee.
• Track and monitor the implementation of audit recommendations (Follow-up Audits) to ensure timely closure of observations.
• Sector Expertise: Deep understanding of NBFC operations, specifically in Retail Assets (Auto/Consumer Finance).
• Regulatory Knowledge: Well-versed with RBI regulations, Ind-AS (Financial Instruments), and Internal Financial Controls (IFC).
• Tech-Savvy: Proficiency in ERP systems (e.g., SAP/Oracle) and Loan Management Systems (LMS). Experience with data visualization tools (Tableau/Power BI) is a plus.
• Analytical Mindset: Ability to spot "red flags" in high-volume, small-ticket lending portfolios.
• Integrity: Uncompromising ethics, given the nature of the audit function.
• Communication: Ability to discuss critical findings with senior stakeholders and push for process improvements.
• Mobility: Willingness to travel to regional hubs and spokes (approx. 20% travel) as required for field audits.