- Ensure control testing coverage is aligned with applicable RBI directions, circulars, notifications, and regulatory expectations applicable to NBFCs.
- Identify appropriate mitigation strategies and corrective controls for identified control gaps, process deficiencies, and emerging risks.
- Prepare explicit, concise, and evidence-based control testing reports covering observations, risk/impact, root cause, risk rating, and recommended corrective actions.
- Assess adherence to Board-approved policies, SOPs, delegated authority, and regulatory requirements.
- Develop and execute risk-based internal control testing plans across business and support functions.
- Evaluate the design adequacy and operating effectiveness of key controls through walkthroughs, sample testing, data analytics, and transaction testing.
- Develop and maintain Risk Control Matrices (RCMs)



for key processes and map key risks to preventive and detective controls and identify control gaps.
- Validate whether identified controls are operating consistently and effectively.
- Identify control gaps, process deviations, override instances, and instances of non-compliance with approved policies.
- Review testing methodology, sampling, working papers, and audit observations prepared by team members. Further discuss findings with process owners and obtain management responses.
- Prepare clear, concise, and evidence-based control testing reports covering observations, risk/impact, root cause, risk rating, and recommended corrective actions.

📌 Audit Manager (Rajasthan)
🏢 Namdev Finvest
📍 Rajasthan