Retail Central Audit - IA - Mumbai

AimsHR Consulting Pvt Ltd; Mumbai; On-site; INR 1,200,000 - 2,100,000; Full time

Job summary

AimsHR in Mumbai is seeking an experienced Central Retail Asset Auditor to join the Internal Audit team. The role focuses on risk-based audits of retail lending operations, evaluating controls, and ensuring regulatory compliance.

You will propose corrective actions to strengthen business processes and report findings to management. The ideal candidate has CA qualification and 3–8 years of Internal Audit/Risk Management experience, with exposure to NBFC/HFC banking environments.

Qualifications

• CA qualification is mandatory and must be valid.
• 3–8 years of relevant Internal Audit and Risk Management experience.
• Experience in Retail Asset Internal Audit and regulatory awareness.

Responsibilities

• Conduct audits of retail asset products and lending businesses per risk plan.
• Perform independent risk assessments and identify control weaknesses.
• Review pre/post-disbursement documentation and monitoring controls.
• Evaluate EWS identification mechanisms for asset portfolios.
• Identify gaps in risk assessment, monitoring, and processes and suggest improvements.
• Ensure compliance with internal policies and RBI/NHB guidelines.
• Assess governance, risk management, and internal controls.
• Prepare audit reports and close observations with stakeholders.

Skills

Internal Audit

Risk Management

Regulatory Compliance

Audit Reporting

Analytical Thinking

Education

CA / Chartered Accountant

Job description

Central Retail Asset Auditor

Department: Internal Audit
Location: Mumbai
Experience: 3–8 Years
Qualification: Chartered Accountant (CA) – Mandatory
Industry: NBFC / HFC / Banking

Job Summary

We are looking for an experienced Central Retail Asset Auditor to join the Internal Audit team. The ideal candidate will be responsible for conducting risk-based audits of retail lending operations, evaluating internal controls, identifying potential risks, ensuring regulatory compliance, and recommending corrective actions to strengthen business processes.

Key Responsibilities

• Conduct audits of retail asset products and retail lending businesses in accordance with the risk-based audit plan.
• Perform independent risk assessments, financial analysis, and identify process gaps and control weaknesses.
• Review pre-disbursement and post-disbursement documentation, conditions, monitoring practices, and controls.
• Evaluate the effectiveness of Early Warning Signal (EWS) identification mechanisms.
• Identify gaps in risk assessment, monitoring, and operational processes and recommend corrective measures.
• Ensure compliance with internal policies, procedures, and applicable regulatory guidelines.
• Assess governance processes, business decision‑making, risk management frameworks, and internal controls.
• Conduct special audits, investigations, and reviews as required by senior management or regulatory authorities.
• Prepare Business Understanding Documents (BUD) and audit checklists to ensure comprehensive audit coverage.
• Review audit work performed by team members, validate audit findings, and discuss observations with relevant stakeholders.
• Prepare detailed audit reports, maintain proper documentation, and ensure timely closure of audit observations.

Required Qualifications & Skills

• Chartered Accountant (CA) qualification is mandatory.
• 3–8 years of relevant experience in Internal Audit and Risk Management within NBFCs, HFCs, banking institutions, or reputed audit firms.
• Experience in Retail Asset Internal Audit, including Central and Branch Audits, will be preferred.
• Strong knowledge of the Companies Act, RBI guidelines, NHB regulations, and other applicable regulatory requirements.
• Hands‑on experience in developing, testing, and evaluating internal controls.
• Strong understanding of retail lending, credit underwriting, risk management, and banking/NBFC operations.
• Excellent analytical, problem‑solving, communication, and report‑writing skills.