Head - Internal Audit

1. Internal Audit Strategy:

- Develop and implement a comprehensive Risk-Based Internal Audit (RBIA) framework.

- Prepare annual and quarterly internal audit plans based on business and risk assessment.

- Lead the overall internal audit function across corporate office, branches and business units.

- Present key audit findings and risk observations to senior management and the Audit Committee.

2. NBFC & RBI Compliance:

- Ensure audit coverage of applicable RBI regulations, directions and supervisory requirements.

- Review compliance with internal policies, SOPs and regulatory guidelines.

- Identify regulatory and compliance gaps and recommend corrective actions.

- Monitor closure of regulatory and internal audit observations.

3. Credit & Loan Audit:

- Conduct audits of the complete lending lifecycle:

1. Customer onboarding

2. KYC/AML

3. Credit appraisal

4. Sanction and disbursement

5. Documentation

6. Collateral/security

7. Loan monitoring

8. Repayment and closure

- Review underwriting quality and adherence to credit policies.

- Identify deviations, process gaps, fraud indicators and potential credit risks.

4. Branch & Operations Audit:

- Lead branch and operational audits across the organization.

- Review cash handling, documentation, customer transactions and operational controls.

- Evaluate adherence to defined processes and internal controls.

- Identify control weaknesses and recommend process improvements.

5. Collections & Recovery Audit:

- Review collection processes, customer receipts and recovery practices.

- Audit collection agencies and outsourced service providers.

- Identify irregularities, misappropriation risks and policy violations.

- Review repossession and recovery processes wherever applicable.

6. Risk & Internal Controls:

- Evaluate the effectiveness of internal control systems.

- Identify operational, financial, credit and process risks.

- Recommend preventive and corrective controls.

- Work closely with Risk, Compliance, Credit, Operations and Finance teams.