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

protected 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 dynam

📌 Head Internal Audit (Mumbai)
🏢 Benchire
📍 Mumbai