Head - Internal Audit

This role is for one of the Weekdays clients

Salary range: Rs 900000 - Rs 2800000 (ie INR 9-28 LPA)

Min Experience: 8 years

Location: Mumbai

JobType: full-time

Requirements

Key Responsibilities

• Design and execute the annual risk-based internal audit plan encompassing branches, head office functions, credit, operations, finance, IT, and risk management areas
• Lead audits of branches, processes, thematic areas, and special investigations across various locations
• Assess the effectiveness of internal controls, governance structures, and risk management practices throughout the organization
• Examine credit underwriting, disbursement, documentation, collections, and portfolio monitoring procedures specifically for Loan Against Property (LAP)
• Communicate audit findings and suggestions to senior management and the Audit Committee
• Track the resolution of audit observations, ensuring business teams implement corrective actions promptly
• Manage fraud risk frameworks and conduct investigations into suspected fraud incidents
• Ensure compliance with NBFC regulatory standards and collaborate with statutory and regulatory auditors
• Develop, mentor, and lead the internal audit team while enhancing risk-based audit practices and promoting the use of analytics