Assistant Vice President/Chief Manager - Internal Controls

About the job

Role Summary

Position: AVP/CM Internal Controls

Location: Mumbai

Reporting to: Head - Internal Controls

Grade: AVP/CM

Core Responsibilities

The role is quite comprehensive and focuses on governance, risk management, internal controls, and compliance within the finance function.

Key areas include:

Internal Control Management:

- Overseeing business process controls and improving internal control frameworks (SOPs, RCMs, IFC).

- Leading IFC reviews with external consultants.

Financial Oversight:

- Monitoring budgets, ensuring financial discipline, and managing cost control efforts.

- Ensuring quality control over financial transactions and reporting.

Audit & Compliance:

- Supporting audits (internal, concurrent, and regulatory like SEBI).

- Driving remediation efforts on audit observations.

Regulatory Liaison:

- Working with regulatory teams, especially around SEBI inspection requirements.

- Ensuring fact-checked submissions to regulators.

Technology & Controls:

- Ensuring IT controls and segregation of duties within the finance domain.

- Reviewing timeliness and control effectiveness in treasury, tax, and reporting.

Operational Oversight:

- Oversight on payroll, vendor payments, taxation, and overall finance operations.

- Ensuring accuracy and controls in booking and physical verifications.

Qualifications & Experience

- CA (Chartered Accountant) mandatory.

- Experience: 14-18 years in finance/audit/internal controls roles, with minimum 56 years in a senior leadership capacity.

- Preferred sectors: Financial Services, Banking, or Stock Exchange environments.

What This Role Demands

- Strong grip on financial governance frameworks like ICOFR, IFC, SOPs, and audit protocols.

- Experience with regulatory bodies (especially SEBI) and financial control in large organizations.

- Sharp analytical mindset to handle budget monitoring, cost control, and financial reviews.

- Prior exposure to stock exchange operations or BFSI is highly preferred.

Ideal Candidate Profile:

- CA with 15+ years in financial controls/internal audit/compliance within financial institutions.

- Prior leadership roles managing regulatory audits, internal controls, or financial governance.

- Exposure to SEBI audits, IFC frameworks, ICOFR, and budgetary controls.

- Strong communication and coordination skills for working with external consultants, auditors, and regulators