L3 - Internal Audit - MH - Pune - BACL

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) & CISA Qualified) 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. IT System & Technology audits journeys.

Key Responsibilities

1. Functional 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.

• 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.


• 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.

2. 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.

3.  Review of IT System & IT applications Audit

• Knowledge of Develop IS Audit Risk Based Framework.


• Knowledge of Develop IS Audit Universe


• Knowledge of Risk Matrix Control development


• Review of IS System Audit report and IT application audit report

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.