AVP | Branch & Concurrent Audit

Job description

**ROLE OVERVIEW:** The incumbent will manage the Branch and Concurrent Audit portfolio for Piramal Finance, ensuring effective execution of the approved audit plan while strengthening the organization's control environment and governance framework. The role involves overseeing branch and concurrent audit activities across the branch network, managing audit partners, driving timely closure of audit observations, and providing independent assurance on the adequacy and effectiveness of internal controls, operational processes, and regulatory compliance. The role requires strong people leadership, stakeholder management, analytical capability, and a risk-based approach to internal auditing. **QUALIFICATION:** Qualified Chartered Accountant. **ESSENTIAL SKILLS AND** **EXPERIENCE:** - 8 to 12 years of experience in Internal Audit within Banks, NBFCs, Housing Finance Companies, or Financial Services organizations. - Strong experience in Branch Audits, Concurrent Audits, Operational Audits, and Internal Financial Controls. - Prior experience in leading audit teams and managing external audit partners is preferred. - Good understanding of retail lending products, branch operations, credit processes, collections, and regulatory requirements applicable to NBFCs. - Exposure to risk-based auditing methodologies and audit analytics will be an added advantage. **KEY RESPONSIBILITIES:** 1. Branch & Concurrent Audit Management: - Manage the Branch and Concurrent Audit program in line with the approved audit plan. - Plan and allocate audits to internal team members and external audit partners, ensuring timely execution and quality delivery. - Review audit reports and monitor closure of audit observations in coordination with business teams. - Drive onboarding, training, and quality assurance for concurrent auditors. 2. Operational Audit: - Review the adequacy and effectiveness of internal controls, operational processes, and compliance with internal policies and regulatory requirements. - Assess the reliability of financial and operational information and evaluate controls to safeguard organizational assets. - Conduct branch visits and audits across the network to evaluate operational effectiveness and adherence to established processes. 3. Stakeholder Management: - Collaborate with Business, Operations, Risk, and other stakeholders to discuss audit observations and drive timely resolution of identified issues. - Present key audit findings and emerging risks to Internal Audit leadership. 4. Special Reviews & Continuous Improvement: - Undertake special audits, thematic reviews, and management-requested assignments. - Identify process gaps and recommend practical control improvements to strengthen the overall control environment. ***Piramal is an equal opportunity employer. Qualified applicants will be considered without regard to age, gender, marital status, sexual orientation, gender identity or expression, disability, or religion.***