Head - Internal Audit - Liabilities - Bank

Hiring for a Bank

Job Title: Head of Internal Audit - Banking

Base: Mumbai

CTC: 40 lacs

Mandatory: Must have experience in reporting to Audit Committee & Board

Preferred candidates with CISA certification

Objective of the Role:

The Head of Internal Audit (HIA) will be responsible for driving the effectiveness, independence, and integrity of the Internal Audit function. The role focuses on strengthening governance, risk management, compliance, and operational efficiency, while ensuring the bank's assets are safeguarded. The HIA will represent the Bank in the Audit Committee of the Board (ACB) and lead the overall functioning of the Audit Department.

Key Responsibilities:

- Develop and execute a risk-based internal audit plan aligned with business strategy.

- Assess governance frameworks, risk management processes, and internal controls across functions.

- Oversee and manage internal audit execution, ensuring adherence to professional standards.

- Present audit findings and recommendations to senior management and the ACB.

- Drive follow-up and timely implementation of audit recommendations.

- Collaborate with external auditors and regulators for seamless audits.

- Lead, mentor, and build capabilities of the internal audit team.

- Ensure compliance with laws, regulations, and internal policies.

- Promote continuous improvement and operational excellence through audit insights.

Key Competencies & Skills:

- Strong risk management and internal audit expertise.

- Deep understanding of banking regulations and compliance requirements.

- Strategic thinking with excellent analytical and decision-making skills.

- High integrity and sound judgment.

- Effective communication and stakeholder management.

- Proven leadership and team development capabilities.

- Change management and governance acumen.