Internal Audit & Compliance Lead

1. POSITION VACANT : Deputy Head, Internal Audit & Compliance, Leading Philanthropic Organization, Mumbai

2. ORGANISATIONAL BACKGROUND :

Our client is a respected philanthropic organization working across India to enable large-scale, sustainable change. The organization focuses on addressing complex development challenges through innovation, partnerships, and programme implementation. It supports initiatives that strengthen communities, build resilience, and expand opportunities for underserved populations in line with national priorities and global development goals.

3. JOB DESCRIPTION / RESPONSIBILITIES :

Reporting to the Head - Internal Audit the Deputy Head, Internal Audit & Compliance shall be responsible for leading financial monitoring and internal audits for Organization and its associate organizations, ensuring transparency, compliance, and effective fund utilization across Organization initiatives. S / he shall independently conduct financial reviews of supported projects, including field visits, and collaborate with external auditors for audit planning, execution, and closure. S / he shall support stakeholders with issue resolution, manage audit MIS, drive closure of audit observations, and contribute to policy formulation through interpretation of regulatory changes. S / he shall be responsible for preparing strategic reports and presentations for senior leadership.

Key Responsibilities :

(1) Active involvement in the Organization’s (Head Office and Associate Organizations) audits financial monitoring reviews conducted throughout the year.

(2) Planning / sampling / attending kick-off meetings / review meetings and closure meetings conducted for finalization of internal audit reports along with the external audit firms.

(3) Preparing the annual budget / audit coverage / scope for all the Engagements

(4) Independently conducting Financial Review of Projects supported by Organization (Including visit to locations). Identifying areas of concern and ensuring that the funds get utilized for the purpose sanctioned.

(5) Guiding teams and providing practical solutions to the issues being encountered by the stakeholders.

(6) Rigorous follow up with stakeholders for submission of data for closure of open audit paras. Validating submissions and formal closure of open audit paras with external auditors.

(7) Maintaining real time updated MIS for open audit paras and sharing data with the stakeholders on a regular basis.

(8) Interpretation of statutory / regulatory changes & assisting in defining policies to be implemented.

(9) Preparing reports / presentations for Organization Management as required.

(10) Maintaining cordial professional relationships with External Auditors and other agencies.

4. QUALIFICATIONS, EXPERIENCE AND COMPETENCIES :

Qualifications

(1) Applicants must be qualified Chartered Accountants.

Experience

(1) Applicants must have a minimum of 15-20 years’ experience in Internal / Statutory Audit.

(2) Applicants must have experience / knowledge of the social sector.

Skills and Competencies

(1) Excellent analytical & communication skills.

(2) Thorough knowledge of statutory and internal audit.

(3) In depth understanding of auditing and accounting standards.

(4) Dedicated individual adhering to principles, values and confidentiality.

(5) Ability to prioritize, multitask and meet deadlines.

(6) Ability to work effectively as part of a team.

(7) Flexibility and willingness to travel extensively for audit requirements which may span up to 15 days a month

5. COMPENSATION OFFERED :

The compensation for the position is competitive and commensurate with experience and salary history.

6. LOCATION & NATURE OF APPOINTMENT :

(1) Location : Mumbai

(2) Nature of Appointment : Fixed Term Employment (3 years)

7. REFERENCE : DH-IAC-LPO

8. APPLICATION PROCESS :

Eligible candidates interested in this position are requested to apply using the link https : / / samsstc.Com / Jobs / job-description / deputy-head-internal-audit-compliance-confidential-mumbai / 291 by or before November 21, 2025

Our client is an equal opportunity employer and encourages candidates from diverse backgrounds to apply. All employment decisions are based on organizational needs, job requirements, and individual qualifications without regard to race, religion, ethnic origin, gender, age, or sexual orientation.