Job Description

Job Title: Internal Audit Lead
Location: Noida
Experience: 10+ years in Internal Audit/Risk Management in the MFI/ NBFC/BFSI sector
Reports To: MD
Job Summary
The Audit Lead will be responsible for overseeing the internal audit function, testing compliance to the laid down internal policies and operational guidelines, ensuring compliance with regulatory frameworks, evaluating risk management strategies, and strengthening internal controls across the organization. The role involves conducting independent internal assessments of business and operational processes and operational processes for non-sales departments to enhance governance and efficiency.
Key Responsibilities
1. Audit Planning & Execution

• Develop and implement an annual audit plan covering all key risk areas in PAN India branches/ HO etc.
• Conduct financial, operational, and compliance audits to evaluate internal controls and adherence to regulations.
• Ensure audits align with RBI and SRO guidelines.
• Implement a risk-based audit approach to identify and mitigate key risks.

2. Compliance & Regulatory Adherence

• Ensure compliance with RBI and other relevant regulatory bodies.
• Monitor adherence to internal policies and external regulations governing various business and control/support activities
• Liaise with external auditors and regulators, addressing audit findings.

3. Risk Management & Internal Controls

• Assess financial, credit, operational, and fraud risks.
• Recommend improvements to internal controls and process efficiencies.
• Develop frameworks to prevent fraud and ensure financial integrity.

4. Team Leadership & Development

• Lead and mentor a team of internal auditors across multiple locations.
• Conduct training programs to enhance audit awareness and risk management.
• Foster a culture of compliance and accountability across all functions.

5. Reporting & Stakeholder Management

• Present audit findings, risk assessments, and recommendations to the Board, CEO, MD and senior management.
• Work closely with finance, operations, and compliance teams to resolve audit issues.
• Prepare reports for internal committees and regulatory bodies.

Key Requirements
Qualifications & Experience

• Education: CA / MBA (Finance) / Certified Internal Auditor (CIA) preferred
• Experience: Minimum 10 years of internal audit, risk management, or compliance experience in the MFI/NBFC/BFSI sector. Experience in handling cross cultural and multi-location team of not less than 15 members

Skills & Competencies

• Strong knowledge of RBI regulations for MFIs/NBFCs.
• Expertise in risk-based audit frameworks and fraud prevention.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership and team management abilities.
• Proficiency in audit tools and data analytics for risk assessment.

If interested please send updated resume on gareema.awasthi@cielhr.com