Position: Manager: Internal Audit and Risk

Organization: Grameen Impact Ventures

Location: Delhi

Required Education, Experience & Skills

 Master’s degree in accounting with professional education in Audit/risk management, with at least 5-7 years of relevant professional experience with any Bank/NBFC/MFI or Fintech in the area of end-to-end lending.

 Experience of working in financial services for the poor through mobile and digital services platforms, analytics, credit risk management, internal audits and deep knowledge of Business Correspondent Model will be an added advantage.

Essential Job Functions

 Responsible for ensuring that the qualitative and statutory requirements are met at both field level and also in Head Office.

 Monitoring of potential risks and recommending risk mitigating measures will be the primary responsibility of the internal audit manager.

 Planning the Internal Audit activities and annual work objectives and undertake field audit work according to the work plans

 Review of lending practices and quality of loan portfolio.

 Ensure Loan Utilization Check of all loan disbursed by the operational team.

 Ensure all areas of operational and other risks are continually reviewed and analyzed in the course of the internal audit exercise.

 Document processes & communications and undertake reviews with operations staff, including training of correct procedures.

 Monitoring of audit recommendations with its compliance.

 Review the risk identification and management process in conformity with the Company’s strategy and business growth

 To Review limits on lending exposure and specific actions for the PAR in line with the institution’s risk management program and market conditions.

 Implementation of the decision taken in the Audit and Risk Committee

 Prepare and present reports that reflect audit’s results and document process

 Act as an objective source of independent advice to ensure validity, legality and goal achievement

 Identify loopholes and recommend risk aversion measures and cost savings

 Maintain open communication with management and audit committee

 Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards

Reporting and relationships:

The position will report to the Director – Finance