Role & responsibilities

Given:

- Increasing exposure to capital markets & collateral risk
- Rapid digital product rollout & fintech integrations (e.g., Volt Money

acquisition)

- RBI-mandated Risk-Based Internal Audit (RBIA)

The HIA role must go beyond compliance and act as a strategic risk partner, enabling

safe scaling.

Reporting Structure

- Functionally reports to: Audit Committee of the Board (ACB)
- Dotted-line: TBD
- Independent of all business verticals (credit, sales, fintech, partnerships)

Location

Mumbai or Bengaluru

Role Purpose

Lead a technology-enabled, risk-based internal audit function that provides

independent assurance on:

- Governance
- Digital & lending risks
- Internal controls
- Regulatory compliance

...and acts as a forward-looking risk intelligence engine for the company.

Key Responsibilities

1. RBIA Framework & Audit Transformation

- Build and operationalize RBIA aligned with 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

2. Digital Lending & 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

3. Credit, Market & 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

4. 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

5. Governance, Regulatory & 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

6. Continuous Monitoring & 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

7. Audit Delivery & 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

8. Business Partnering

- Act as a trusted advisor to leadership:
- Product launches
- Recent partnerships (LSPs, fintechs)
- Ensure risk is embedded at design stage, not post-facto

9. Team Leadership & Capability Building

- Build a hybrid audit team:
- Financial auditors
- Data analysts
- IT / cyber audit specialists
- Upskill team in:
- Digital lending ecosystems
- Analytics-based auditing

Eligibility Profile

- 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

📌 Head Internal Audit (Bengaluru)
🏢 Benchire
📍 Bengaluru