Head of Internal Audit

Responsibilities:
RBIA Framework & 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