Lead – Internal Audit – NBFC/HFC/Banking Jaden Executive Search

The Corporate Institute; Mumbai; On-site; INR 1,500,000 - 1,800,000; Full time

Job summary

The Corporate Institute is seeking an experienced internal audit and risk management professional with 12+ years of NBFC/HFC/banking experience to lead risk-based audits and strengthen controls across multiple business lines.

The role requires in-depth knowledge of regulatory requirements, testing of controls, and the ability to mentor audit teams while coordinating with senior management and regulators.

Responsibilities

• Conduct risk-based internal audits across business verticals including Retail Assets, Wholesale/Credit, and Support functions (Treasury, Finance, HR, IT, etc.)
• Perform independent assessments of business processes, controls, documentation, underwriting, monitoring mechanisms, and operational practices to identify associated risks and mitigants.
• Evaluate adherence to internal policies, SOPs, regulatory guidelines, and governance standards, and highlight deviations or control weaknesses.
• Review effectiveness of risk monitoring frameworks including Early Warning Signals (EWS), exception management, portfolio monitoring, and escalation mechanisms, where applicable.
• Identify gaps in process design, control execution, and risk management practices, and recommend practical corrective and preventive actions.
• Undertake thematic reviews, special audits, investigations, or assignments as directed by Senior Management, Audit Committee of the Board (ACB), or Regulators.
• Prepare Business Understanding Documents (BUDs), risk assessments, audit plans, and checklists to ensure comprehensive audit coverage.
• Execute audits end-to-end including planning, fieldwork, testing, documentation, stakeholder discussions, reporting, and closure tracking.
• Draft clear, concise, and actionable audit reports supported by adequate documentation and evidence.
• Monitor closure of audit observations and assess effectiveness of remediation actions implemented by auditees.
• Collaborate with cross-functional teams and stakeholders to drive timely resolution of audit findings and strengthen internal controls.
• Lead, guide, and mentor audit team members by reviewing workpapers, providing direction, and ensuring quality and consistency in audit execution.
• Stay updated on industry practices, emerging risks, regulatory developments, and changes in the NBFC and financial services landscape.
• Travel across locations/branches PAN India as required for audit assignments.

Job description

EXPERIENCE:

• Strong familiarity with Companies Act, RBI / NHB and other regulatory requirements.
• Significant experience in developing, testing, and assessing internal controls.
• Strong analytical skill with knowledge and understanding of the HFC, NBFC and Banking systems, internal control, and reporting processes.
• 12+ years of total work experience in internal audit and risk management of NBFC/ HFC/ Banking, and reputed audit firms.
• Experience in undertaking audit for wholesale/credit or support functions or retail asset products.

KEY ROLES/RESPONSIBILITIES:

• Conduct risk-based internal audits across business verticals including Retail Assets, Wholesale/Credit, and Support functions (Treasury, Finance, HR, IT, etc.)
• Perform independent assessments of business processes, controls, documentation, underwriting, monitoring mechanisms, and operational practices to identify associated risks and mitigants.
• Evaluate adherence to internal policies, SOPs, regulatory guidelines, and governance standards, and highlight deviations or control weaknesses.
• Review effectiveness of risk monitoring frameworks including Early Warning Signals (EWS), exception management, portfolio monitoring, and escalation mechanisms, where applicable.
• Identify gaps in process design, control execution, and risk management practices, and recommend practical corrective and preventive actions.
• Undertake thematic reviews, special audits, investigations, or assignments as directed by Senior Management, Audit Committee of the Board (ACB), or Regulators.
• Prepare Business Understanding Documents (BUDs), risk assessments, audit plans, and checklists to ensure comprehensive audit coverage.
• Execute audits end-to-end including planning, fieldwork, testing, documentation, stakeholder discussions, reporting, and closure tracking.
• Draft clear, concise, and actionable audit reports supported by adequate documentation and evidence.
• Monitor closure of audit observations and assess effectiveness of remediation actions implemented by auditees.
• Collaborate with cross-functional teams and stakeholders to drive timely resolution of audit findings and strengthen internal controls.
• Lead, guide, and mentor audit team members by reviewing workpapers, providing direction, and ensuring quality and consistency in audit execution.
• Stay updated on industry practices, emerging risks, regulatory developments, and changes in the NBFC and financial services landscape.
• Travel across locations/branches PAN India as required for audit assignments.