Assistant Vice President - Internal Audit - NBFC - CA

Job Title: Assistant Vice President - Internal Audit - NBFC (Mumbai)

The incumbent will play a key role within the Internal Audit function, supporting the Head of Internal Audit in delivering the annual audit plan, strengthening governance frameworks, and providing independent assurance on the adequacy and effectiveness of controls.

The role requires the ability to lead multiple audit engagements simultaneously, develop high-performing teams and proactively identify emerging risks across the organization.

The individual will work closely with senior management and business leaders to evaluate the adequacy and effectiveness of governance processes, risk management practices and internal controls.

Job Responsibility:Audit Planning & Execution:

• Lead and independently manage end-to-end internal audit engagements in accordance with methodology and relevant professional standards.

• Partner with the Head of Internal Audit in developing and executing the annual risk-based audit plan.

• Conduct risk assessments and develop audit programs based on identified business, operational, financial, regulatory and emerging risks.

• Review key processes and controls across lending operations, credit underwriting, collections, treasury, finance, compliance, information security and support functions.

• Identify control gaps, process inefficiencies and opportunities for operational improvements.

• Ensure timely completion of audits with focus on quality and adherence to audit standards.

Reporting & Stakeholder Management:

• Build trusted relationships with Business Heads, Functional Leaders and Senior Management.

• Facilitate discussions with senior stakeholders on key audit observations, root causes and remediation plans.

• Draft clear, concise and impactful audit reports highlighting risk implications and actionable recommendations.

• Support preparation of Audit Committee presentations, Board reporting and management updates.

• Challenge business practices and influence stakeholders to drive sustainable control enhancements.

• Present key audit outcomes, thematic observations and risk trends to Senior Leadership.

Risk & Control Assurance:

• Evaluate the design and operating effectiveness of controls including Internal Financial Controls (IFC).

• Participate in Risk assessments and thematic reviews.

• Monitor changes in RBI regulations, industry practices and emerging risks.

• Assess compliance with regulatory requirements, policies and governance frameworks.

• Identify opportunities to enhance operational efficiency and control automation.

• Support development of data-driven audit approaches.

Issue Monitoring:

• Track audit observations and validate remediation actions implemented by process owners.

• Perform follow-up to ensure timely closure of audit findings.

Team Leadership & Development:

• Lead, coach and develop a team of audit professionals across multiple assignments.

• Foster a high-performance culture driven by accountability, collaboration and continuous learning.

• Review workpapers and provide guidance on audit execution, risk assessment and report writing.

• Contribute to capability building, knowledge sharing and continuous improvement within the Internal Audit function.

Key Skills: Behavioral Competencies:

• High level of professional skepticism and attention to detail.

• Ability to engage effectively with senior leadership and influence outcomes.

• Strong project management and team leadership capabilities.

• Excellent written and verbal communication.

• Strong analytical and problem-solving skills.

Mandatory:

• Significant experience in Internal Audit of NBFC or financial services sector.

• Prior experience with a Big-4 Risk advisory firm is recommended.

• Strong understanding of NBFC business processes, risks and regulatory environment.

• Expertise in Risk-Based internal auditing and control evaluation.

• Experience in Internal Financial Controls (IFC).

• Good understanding of RBI regulations.

• Experience in preparing reports for Senior Leadership, Audit Committee.

• Independently managing complex audit assignments and multiple stakeholders.

Target Industry: Banks/Financial Services/NBFCs/Fintech companies (Experience of working in Vehicle Finance financing will be added advantage).

Gender: Open

Experience: 5 - 15 years of post-qualification experience in Internal Audit, Risk Advisory or Assurance.

Job Location: Andheri East, Mumbai (Head Office)

Working Days: 5 days (1st and 2nd Saturday is working)

Reporting To: Head - Internal Audit

Qualification: Chartered Accountant (CA)

Notice Period: Immediate to 30 days

Relocation candidates: No