SEWA Grih Rin - Head - Internal Audit - CA (8-10 yrs)

Job Purpose:

- The Internal Audit Head will be responsible for leading the internal audit function within the company. This role ensures that internal controls, risk management processes, and compliance with laws and regulations are effectively implemented and maintained.

- The ideal candidate will oversee audits, provide strategic direction to the audit team, and provide senior management with insights to improve operational efficiencies and mitigate risks.

Key Responsibilities:

Internal Audit Strategy & Planning:

- Develop and implement the internal audit strategy for the company in alignment with the overall organizational goals.

- Plan, manage, and execute risk-based internal audits, reviews, and control assessments across all business units, branches, and subsidiaries.

- Design audit frameworks, methodologies, and policies to ensure compliance with relevant regulations (e.g., RBI, NHB, and other statutory requirements).

Risk Management & Compliance:

- Assess the company's risk management framework and identify areas of operational, financial, and compliance risks.

- Conduct audits to ensure compliance with internal policies, procedures, legal regulations, and external audit standards.

- Regularly evaluate and provide advice on internal controls and risk mitigation measures to management.

Team Leadership & Development:

- Lead, mentor, and develop the internal audit team to enhance their professional capabilities.

- Ensure the team remains updated on industry trends, regulatory changes, and audit best practices.

- Assign audit responsibilities, manage timelines, and evaluate the performance of team members.

Audit Execution:

- Conduct audits in key areas such as loan origination and servicing, financial reporting, treasury, compliance, and information technology systems.

- Perform financial, operational, and compliance audits to identify gaps, deficiencies, and improvement opportunities.

- Prepare comprehensive audit reports with clear recommendations and present findings to the Audit Committee and senior management.

Stakeholder Communication & Reporting:

- Provide regular updates to the Audit Committee and senior management on audit progress, significant findings, and risk mitigation efforts.

- Facilitate open communication with various departments to resolve audit issues and follow up on corrective actions.

- Prepare and review audit reports, management letters, and action plans.

Continuous Improvement:

- Stay updated on emerging trends, technologies, and regulatory changes affecting the housing finance sector.

- Drive improvements in internal audit processes and systems for greater efficiency, accuracy, and compliance.

Advisory Role:

- Act as a trusted advisor to the senior leadership on risk, control, and governance matters.

- Participate in key company projects and initiatives to ensure that risks and controls are proactively addressed.

Required Qualifications and Skills:

Education:

- Chartered Accountant (CA) or Certified Internal Auditor (CIA) or equivalent. A post-graduate degree in Finance, Business Administration, or a related field is a plus.

Experience:

- At least 8-10 years of experience in internal auditing, risk management, or compliance functions, preferably within the housing finance or banking sector.

- Proven experience in leading audit teams and managing large audit engagements.

- Deep knowledge of regulatory requirements specific to housing finance (NHB, RBI, etc.) and industry best practices.

Technical Skills:

- Strong understanding of financial products, accounting principles, and internal control frameworks.

- Proficiency in audit software and Microsoft Office Suite (Excel, Word, PowerPoint).

- Knowledge of financial and operational audits in sectors such as loan processing, mortgage financing, and investment management.

Soft Skills:

- Excellent analytical, problem-solving, and critical thinking abilities.

- Strong interpersonal, communication, and presentation skills.

- Ability to work independently and in collaboration with cross-functional teams.