Head of Internal Audit

The candidate will have responsibilities across the following functions:
RBIA Framework and Audit Transformation:
Build and operationalise RBIA aligned with the RBI circular.
Transition audit from: Transaction testing, risk-based + process assurance, Periodic audits, continuous/real-time monitoring.
Define audit universe across: Lending lifecycle (origination, underwriting, disbursement, collections), Capital markets linked exposure (LAMF / LAS), Fintech platforms & APIs.
Digital Lending and Fintech Risk Audits:
Audit end-to-end digital journeys: Instant approvals, API integrations, KYC flows.
Review: Algorithm-based underwriting/rule engines, Credit decision models (model risk), Data integrity, lineage, and governance.
Conduct: ITGC, cybersecurity, and data access/control audits, Third-party/fintech partner audits.
Credit, Market and Collateral Risk Oversight:
Audit: Loan Against Mutual Funds / Securities exposure, Margining, collateral valuation, liquidation triggers.
Evaluate: Stress scenarios (market volatility impact), Concentration risk (FSG / wholesale exposure).
Independently validate risk appetite vs actual risk-taking.
Enterprise Risk-Based Audit Planning:
Develop dynamic risk assessment model incorporating: Portfolio growth & product expansion, New fintech integrations, Regulatory changes.
Prepare annual + rolling audit plans.
Use: Risk Control Matrices (RCMs), Internal Financial Controls (IFC) frameworks.
Governance, Regulatory and RBI Compliance:
Ensure compliance with: RBI NBFC guidelines, Digital lending norms, Outsourcing & third-party risk regulations.
Interface with: RBI inspections, Statutory and external auditors.
Ensure strong documentation for regulatory scrutiny.
Continuous Monitoring and Analytics:
Build data-driven audit capability: Exception dashboards, Early warning signals, Portfolio risk triggers.
Implement tools (SQL / Power BI/audit analytics).
Move toward real-time audit assurance models.
Audit Delivery and Board Reporting:
Present to ACB: Risk heatmaps, emerging risks (fintech + market-linked), Persistent control gaps.
Ensure: Actionable, insight-driven reporting; highlight unresolved high-risk observations consistently; business partnering.
Act as a trusted advisor to leadership: Product launches, New partnerships (LSPs, fintechs).
Ensure risk is embedded at design stage, not post-facto.
Team Leadership and Capability Building:
Build a hybrid audit team: Financial auditors, Data analysts, IT / cyber audit specialists.
Upskill team in: Digital lending ecosystems, Analytics-based auditing.
Requirements:
8+ years in: NBFC / Bank / Fintech internal audit.
Must-have: Digital lending/fintech exposure, RBI compliance experience.
Strong experience in: Risk-based auditing, IT/data analytics audits.

Experience
8-12 yrs