85 Coe Solutions Jobs
Head - Internal Audit - NBFC - CA (7-12 yrs)
Coe Solutions
posted 2mon ago
Key skills for the job
Position Title: Head - Internal Audit
Location: Mumbai
Reports to: Chief Risk Officer
About Client:
Client is a non-deposit accepting, Systemically Important Non-Banking Financial Company registered with the Reserve Bank of India. It is jointly owned by a leading Private Bank and its promoters.
We are into lending business offering Loan against Securities, Loan against Property and Corporate Real Estate.
Overview:
The candidate will head the internal audit function with a strong focus on risk-based auditing within our NBFC. This role requires a deep understanding of risk management, internal controls, and regulatory compliance. The ideal candidate will develop and execute a comprehensive audit strategy that enhances governance, mitigates risks, and drives operational efficiency across the organization.
Key Responsibilities:
Risk-Based Audit Strategy:
- Design and implement a risk-based internal audit framework that aligns with the Company's objectives and regulatory requirements.
- Conduct regular risk assessments to identify areas of high risk and prioritize audit activities accordingly.
Leadership and Team Development:
- Over the years lead, mentor, and develop the internal audit team, promoting a culture of excellence and continuous learning.
- Foster an environment that encourages collaboration and innovation within the audit function.
Audit Planning and Execution:
- Oversee the development of the annual audit plan, ensuring it reflects the organization's risk profile and strategic goals.
- Direct and manage the execution of audits, ensuring adherence to established audit methodologies and standards.
- Take charge of internal audit currently being carried out by an external firm, review scope, timelines and deliverables and make changes if necessary.
Reporting and Communication:
- Prepare comprehensive audit reports that effectively communicate findings, insights, and recommendations to senior management and the board.
- Present audit results to stakeholders, highlighting risk areas and recommending actions for improvement.
Compliance and Regulatory Oversight:
- Ensure compliance with applicable laws, regulations, and internal policies, with a focus on regulatory requirements specific to NBFCs.
- Collaborate with external auditors and regulatory agencies to ensure a cohesive audit approach.
Continuous Improvement:
- Identify opportunities for enhancing internal controls, processes, and overall operational efficiency.
- Implement best practices in risk management and internal auditing to strengthen the organization's governance framework.
Stakeholder Engagement:
- Build and maintain strong relationships with key stakeholders, including management, compliance, and risk management teams.
- Serve as a trusted advisor to senior leadership on internal audit and risk management matters.
Training and Awareness:
- Provide training and guidance to staff on risk-based audit practices and internal controls.
- Promote awareness of internal audit processes and the importance of risk management throughout the organization.
Qualifications:
- Chartered Accountant
- Minimum of 7 years of experience in internal audit with a strong focus on risk-based auditing, preferably within the financial services sector or an NBFC.
- In-depth knowledge of risk management frameworks, internal control principles, and regulatory requirements affecting NBFCs.
Functional Areas: Other
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