Head - Internal Audit - NBFC

Key Responsibilities: 1. Regulatory Compliance Monitoring: - Monitor RBI circulars, notifications, master directions, guidelines, and other regulatory developments applicable to NBFCs. - Assess the impact of new and amended regulations on various business functions. - Ensure regulatory requirements are incorporated into internal policies, SOPs, and operational processes. - Maintain a repository of applicable regulatory requirements and compliance obligations. 2. Compliance Audit: - Develop and execute a risk-based Regulatory Compliance Audit Plan. - Conduct periodic audits across business functions. - Evaluate adherence to RBI regulations, internal policies, board-approved frameworks, and statutory requirements. - Perform thematic and focused reviews based on regulatory risks. 3. Gap Assessment & Reporting: - Identify regulatory non-compliances, control weaknesses, and process gaps. - Conduct root cause analysis for audit observations. - Prepare detailed audit reports highlighting: 1. Nature of non-compliance 2. Regulatory reference 3. Business impact 4. Risk rating 5. Corrective action recommendations - Present findings to senior management and relevant stakeholders. 4. Corrective Action Tracking: - Work closely with business and functional teams to implement corrective actions. - Monitor progress against agreed action plans. - Validate closure of audit observations through follow-up reviews. - Escalate unresolved or overdue observations to management. 5. Regulatory Advisory: - Provide guidance to business teams on interpretation and implementation of RBI regulations. - Participate in policy reviews to ensure regulatory alignment. - Support departments during regulatory inspections and internal/external audits. 6. Risk Management: - Identify emerging regulatory risks. - Recommend preventive controls and process improvements. - Strengthen the organization's compliance culture through proactive reviews. 7. Stakeholder Management: - Collaborate with business heads, compliance, legal, risk, finance, operations, and IT teams. - Build strong working relationships to facilitate timely implementation of audit recommendations. 8. Documentation & Governance: - Maintain comprehensive documentation of audit working papers, evidence, reports, and compliance trackers. - Prepare periodic MIS and dashboards for management and Board-level committees. - Ensure audit documentation meets regulatory and internal quality standards. Required Qualifications: - Chartered Accountant (CA), MBA (Finance), Company Secretary (CS), CMA, LLB, or equivalent professional qualification. - Certification in Internal Audit, Risk Management, Compliance, or Regulatory Auditing will be an added advantage. Experience: - 8 - 12 years of experience in NBFCs, Banks, Financial Institutions, or Audit/Consulting firms. - Minimum 5 years of experience in Regulatory Compliance. - Hands-on experience in auditing RBI regulatory compliance for NBFCs. - Experience in interacting with regulators, auditors, and senior management is preferred.