L3 - Manager - Internal Audit - BACL
Bajaj Auto · India
Job Title: Manager – Internal Audit (NBFC)
Location: Pune (Corporate Office)
Reports to: Head – Internal Audit / Chief Internal Auditor
Experience: 3–7 Years Post-Qualification
Qualification: Chartered Accountant (CA) mandatory
Job Purpose
To execute internal audits of Bajaj Auto Credit’s pan-India operations, with focus on controls across the lifecycle of Two-Wheeler (2W) and Three-Wheeler (3W) financing.
The candidate will evaluate the effectiveness of risk management, control, and governance processes, specifically focusing on credit underwriting, collections, and digital lending journeys.
Key Responsibilities
1. Operational & Field Audits
- Plan and execute risk-based audits for Spoke & Hub locations, focusing on 2W/3W dealer-point financing and collection agencies.
- Verify the integrity of the Credit Underwriting process, ensuring adherence to the Credit Policy and delegated authority limits.
- Audit the Collections & Recovery framework, including the management of repossession agencies, settlement processes, and yard management.
2. Process & Compliance Audit
- Review the Lending Lifecycle (Sourcing \ Disbursement \ Servicing \ Closure) to identify gaps in the digital and physical workflows.
- Ensure strict compliance with RBI Master Directions for NBFCs, including Fair Practices Code (FPC), KYC/AML norms, and Scale Based Regulations (SBR).
- Evaluate the effectiveness of Statutory Compliances related to GST, TDS, and other financial regulations specific to the lending business.
3. Data Analytics & Fraud Prevention
- Utilize Data Analytics (CAATs) to identify patterns of early-delinquency, fraudulent sourcing, or systemic "circular trading" at dealer counters.
- Investigate Whistleblower complaints or suspected internal/external fraud cases related to loan disbursements.
4. Reporting & Stakeholder Management
- Prepare high-quality, concise Audit Reports for Senior Management and the Audit Committee.
- Track and monitor the implementation of audit recommendations (Follow-up Audits) to ensure timely closure of observations.
Technical Skills & Competencies
- Sector Expertise: Deep understanding of NBFC operations, specifically in Retail Assets (Auto/Consumer Finance).
- Regulatory Knowledge: Well-versed with RBI regulations, Ind-AS (Financial Instruments), and Internal Financial Controls (IFC).
- Tech-Savvy: Proficiency in ERP systems (e.g., SAP/Oracle) and Loan Management Systems (LMS). Experience with data visualization tools (Tableau/Power BI) is a plus.
- Analytical Mindset: Ability to spot "red flags" in high-volume, small-ticket lending portfolios.
Behavioural Traits
- Integrity: Uncompromising ethics, given the nature of the audit function.
- Communication: Ability to discuss critical findings with senior stakeholders and push for process improvements.
- Mobility: Willingness to travel to regional hubs and spokes (approx. 20% travel) as required for field audits.