Role & responsibilities

Internal Audit Strategy & Framework

- Establish and maintain the Internal Audit Charter, audit methodology, audit universe, annual audit plan, reporting templates, and follow-up mechanisms.
- Develop and execute a risk-based audit plan covering key business, financial, operational, compliance, technology, AML/CFT.
- Submit the annual audit plan and material updates to the Board / Board Audit Committee for review and approval.
- Ensure alignment with Group Internal Audit standards, quality requirements, and reporting expectations.
- Maintain independence, objectivity, confidentiality, and professional judgment in all audit activities.

Internal & Control Assurance:

- Assess the adequacy and effectiveness of internal control processes across the company.
- Review the adequacy of policies, procedures, approval authorities, segregation of duties, control ownership, documentation, and escalation mechanisms.
- Evaluate the effectiveness of controls operated by relevant business and control functions, including Operations, Finance, Compliance, Risk, AML/CFT, Information Security, Technology, Product, HR, and Legal.
- Provide practical recommendations to strengthen control maturity, accountability, and operational discipline, without assuming management ownership

Regulatory, Compliance and Audit:

- Conduct audits to assess compliance with RBI requirements, applicable Indian laws, AML/CFT obligations, internal policies, and regulatory commitments.
- Review the effectiveness of compliance monitoring, regulatory reporting, breach management, policy implementation, and issue escalation.
- Escalate significant regulatory, compliance, or financial crime control concerns to the Board / Board Audit Committee

Operational, Financial & PSP Audit

- Review key PSP operations, including merchant onboarding, payment processing, settlements, reconciliations, refunds, chargebacks, reversals, and exception handling.
- Assess financial controls covering accounting records, revenue recognition, expenses,



bank reconciliations, settlement accounts, payment instructions, and approval workflows.
- Evaluate whether business and operational processes are properly documented, controlled, monitored, and aligned with regulatory and business requirements.

Audit Reporting, Follow-up & Quality

- Prepare concise, evidence-based audit reports covering findings, risk ratings, root causes, recommendations, management actions, owners, and target dates.
- Track audit findings and remediation actions until closure and validate the effectiveness of implemented corrective actions.
- Prepare periodic reports, dashboards, and trend analysis for the Board / Board Audit Committee and Group Internal Audit where required.
- Maintain complete audit workpapers, evidence, reports, and follow-up records.
- Support quality assurance and continuous improvement of the Internal Audit function

Stakeholder Management & Team Leadership:

- Build and manage the Internal Audit team, ensuring appropriate technical capability, independence, and quality of work.
- Coordinate with external auditors, regulators, Group Internal Audit, and other assurance providers where required.
- Advise relevant stakeholders on control weaknesses and remediation priorities without assuming management ownership.

Promote a culture of accountability, transparency, ethics, control awareness, and continuous improvement

Preferred candidate profile

- Solid knowledge of internal auditing standards, risk-based auditing, audit methodology, internal controls, and QAIP.
- Good understanding of RBI regulatory expectations and the Indian PSP / fintech regulatory environment.
- Good knowledge of financial controls, operational controls, settlement, reconciliation, payment processing, and PSP operating models.
- Understanding of IT general controls, data protection, business continuity, and third-party controls.
- Strong report writing, analytical, documentation, presentation, and stakeholder management skills.
- Ability to challenge constructively while maintaining independence and professionalism.

📌 Senior Internal Audit Manager (New Delhi)
🏢 Pay10 India
📍 New Delhi