Head - Internal Audit

Job Summary:

We are looking for an experienced Head of Internal Audit to lead the organization's internal audit, risk, and control framework. The role will be responsible for developing and executing a comprehensive, risk-based internal audit plan covering branches, business operations, credit, collections, finance, treasury, HR, IT, and other support functions.

The ideal candidate should have strong experience in Internal Audit, Statutory Audit, Risk Management, Compliance, and Internal Controls, preferably within an NBFC, Microfinance, Banking, or Financial Services environment.

Key Responsibilities:

- Develop and implement the annual Internal Audit Plan based on a risk-based audit approach.

- Lead and oversee internal audits across branches, business functions, credit, collections, operations, finance, treasury, HR, IT, and support functions.

- Evaluate the effectiveness of internal controls, processes, policies, and risk management frameworks.

- Identify control gaps, process weaknesses, operational risks, and potential areas of financial or regulatory exposure.

- Conduct audits and reviews to ensure compliance with internal policies, regulatory requirements, and applicable industry standards.

- Review credit processes, underwriting, disbursement, collections, portfolio management, and branch operations.

- Assess financial controls across accounting, finance, treasury, and related functions.

- Review IT controls, information security processes, access controls, and technology-related risks.

- Prepare comprehensive audit reports highlighting findings, risk ratings, root causes, and recommended corrective actions.

- Track and monitor implementation of audit observations and ensure timely closure of identified gaps.

- Conduct follow-up audits and validation of corrective and preventive actions.

- Coordinate with business and functional heads to develop appropriate remediation plans.

- Provide independent and objective insights to senior management and the Audit Committee on key risks and control weaknesses.

- Monitor emerging regulatory, operational, financial, and business risks and incorporate them into the audit framework.

- Support statutory, regulatory, and external audit requirements as required.

- Establish and continuously improve internal audit methodologies, processes, and reporting standards.

- Lead, mentor, and develop the internal audit team to ensure effective audit coverage and quality.