The Internal Audit function at Piramal Finance plays a critical role as a third line of defense, in safeguarding the company’s assets, reputation, and long-term sustainability. As Lead – Audit, the incumbent will ensure strong risk management, controls, and governance across Piramal Finance’s various businesses.

Experience

- 12+ years of total work experience in internal audit and risk management of NBFC/ HFC/ Banking, or reputed audit firms.
- Strong familiarity with Companies Act, RBI / NHB and other regulatory requirements.
- Significant experience in developing, testing, and assessing internal controls.
- Solid analytical skill with knowledge and understanding of the HFC, NBFC and Banking systems, internal control, and reporting processes.
- Experience in undertaking audits of central/support functions like Treasury, Risk, Finance, IT, etc.

Qualification: Chartered Accountant (mandatory)

Key Responsibilities:

- Conduct risk-based internal audits across business verticals including Retail Assets, Wholesale/Credit, and Support functions (Treasury, Finance, HR, IT, etc.)
- Perform independent assessments of business processes, controls, documentation, underwriting, monitoring mechanisms, and operational practices to identify associated risks and mitigants.
- Evaluate adherence to internal policies, SOPs, regulatory guidelines, and governance standards, and highlight deviations or control weaknesses.
- Review effectiveness of risk monitoring frameworks including Early Warning Signals (EWS), exception management, portfolio monitoring,



and escalation mechanisms, where applicable.
- Identify gaps in process design, control execution, and risk management practices, and recommend practical corrective and preventive actions.
- Undertake thematic reviews, special audits, investigations, or assignments as directed by Senior Management, Audit Committee of the Board (ACB), or Regulators.
- Prepare Business Understanding Documents (BUDs), risk assessments, audit plans, and checklists to ensure comprehensive audit coverage.
- Execute audits end-to-end including planning, fieldwork, testing, documentation, stakeholder discussions, reporting, and closure tracking.
- Draft clear, concise, and actionable audit reports supported by adequate documentation and evidence.
- Monitor closure of audit observations and assess effectiveness of remediation actions implemented by auditees.
- Collaborate with cross-functional teams and stakeholders to drive timely resolution of audit findings and strengthen internal controls.
- Lead, guide, and mentor audit team members by reviewing workpapers, providing direction, and ensuring quality and consistency in audit execution.
- Stay updated on industry practices, emerging risks, regulatory developments, and changes in the NBFC and financial services landscape.
- Travel across locations/branches PAN India as required for audit assignments.

Qualified applicants will be considered without regard to age, gender, marital status, sexual orientation, gender identity or expression, disability, or religion

📌 Lead Internal Auditor (Mumbai)
🏢 Piramal Finance
📍 Mumbai