Head – Internal Audit

Company Overview

Infinity Fincorp Solutions Private Limited is a Mumbai-based Non-Banking Financial Company (NBFC) that was incorporated in 2016 and received its RBI license in 2017. The company focuses on secured lending solutions, particularly Loan Against Property (LAP) products, catering to micro-entrepreneurs, small business owners, and self-employed customers across India. With a growing branch network across multiple locations, Infinity Fincorp aims to enable access to credit for underserved market segments.

Job Summary

The Head – Internal Audit will lead the internal audit function across the organization, ensuring robust governance, risk management, and internal control frameworks within all business verticals. This role is pivotal in developing strategic audit plans, conducting comprehensive audits, and enhancing compliance with regulatory frameworks, thus contributing significantly to the company's overall objectives.

Responsibilities

• Lead the internal audit function, ensuring adherence to risk management and governance practices.
• Develop and implement the annual risk-based audit plan, including branch and process audits.
• Review credit underwriting, disbursement, documentation, and collections processes within the lending portfolio.
• Monitor fraud risk frameworks and ensure compliance with NBFC regulations.
• Coordinate with statutory and regulatory auditors to ensure thorough compliance.
• Build and lead the internal audit team, strengthening risk-based audit methodologies throughout the organization.

Qualifications

• Strong background in internal audit, preferably within NBFCs, banks, or financial services organizations.
• In-depth knowledge of risk management frameworks and governance practices.
• Experience in lending operations and associated compliance requirements.
• Bachelor’s degree in Finance, Accounting, or a related field (preferably a Master's degree or professional certification like CPA or CA).
• Excellent analytical, problem-solving, and communication skills.
• Proven leadership experience with a focus on team development and performance management.

Preferred Skills

• Familiarity with the regulatory environment governing NBFCs in India.
• Experience with advanced audit technologies or tools.
• Skills in financial analysis and audit methodologies.

Experience

A minimum of 8-10 years of relevant experience in internal auditing, with a strong focus on financial services or NBFC sectors.

Environment

This is an in-office role based in Mumbai, providing a dynamic work environment within a fast-growing NBFC. The role may involve occasional travel to branch locations for audits.

Salary

Estimated salary range is not specified.

Growth Opportunities

Potential for career advancement into senior leadership roles within the organization, given the company’s growth trajectory and focus on expanding its lending operations.

Benefits

• Competitive compensation package.
• Performance-oriented incentives.
• Health insurance and employee wellness programs.
• Opportunities for professional development and training.