Senior Manager-Internal Audit

About the Company:

Razorpay was founded by Harshil Mathur and Shashank Kumar in 2015. Razorpay is building a new-age digital banking hub (Neobank) for businesses in India. Our mission is to enable frictionless banking and payments experiences for businesses of all shapes and sizes. We started out as a B2B payments company and today, we process billions of dollars of payments for lakhs of businesses across India. We are the leading payments provider in the country and have been the first to bring to market the most major innovations in the past 6 years. Razorpay enables businesses to accept, process, and disburse payments at scale. Razorpay currently processes multi-billion USD payments on an annualized basis, touching 200Mn+ end customers through top clients like Airtel, Goibibo, Yatra, Ola, Swiggy, Zomato, Cred etc. We architect systems for the scale of not just one segment leader but 1000s put together. With more than a lakh clients, you would have definitely made a payment through Razorpay if you live in India. With the launch of RazorpayX, the company aims to become a leading provider of banking and payout products to businesses covering the gamut of current account, payroll, vendor payouts and many others. Over the past year, the company has disbursed loans worth millions of dollars in loans to thousands of businesses. The company has raised USD $700M+ in funding till date from marquee investors like GIC, Sequoia Capital, Tiger Global, Ribbit Capital, Matrix Partners and many stellar angels.

Our products:

Payment Gateway:

Razorpay is a full-sized payment solution that allows businesses to accept, process, and disburse payments within its product suite. The platform provides your business with access to payments via many modes such as credit card, debit card, Netbanking, UPI, and popular wallets. Companies are also able to monitor real-time data performance and insights to make informed business decisions. Read more at these places: https://razorpay.com/payment-gateway/ RazorpayX:

Razorpay is reimagining how businesses manage money by simplifying business banking with RazorpayX. It operates as a separate business unit with a laser-sharp focus on innovating in the Neo-Business Banking space and is currently in 0 to 1 stage. Read more at these places: https://razorpay.com/blog/what-is-a-neobank/, and https://razorpay.com/blog/category/business-banking/ Razorpay Capital:

Razorpay Capital is a lending platform that allows MSME’s to meet their cash flow challenges. Using Razorpay Capital, companies can manage financial challenges of their business through quick settlements and collateral-free

The Role:

This is a senior role responsible for spearheading the internal audit function for Razorpay, which involves planning and executing audits, assessing risks and controls, and ensuring compliance with regulations. The function provide assurance to Senior Management and the Audit Committee on the effectiveness of the organization's governance and risk management processes.

Key Responsibilities:

Audit Planning & Execution:

Develop and implement the annual risk-based audit plan. Manage and execute individual audit assignments (financial, operational, IT, and compliance) from planning through reporting. Risk Management & Controls:

Evaluate the design and effectiveness of internal controls and risk management processes (e.g., COSO framework, SOX compliance) to identify areas of potential vulnerability. Reporting & Communication:

Prepare and present detailed, clear, and concise audit reports to senior management and the audit committee, highlighting findings, risks, and actionable recommendations for improvement. Team Leadership:

Lead, mentor, and develop a team of internal auditors, fostering a culture of continuous improvement and professional growth. Collaboration:

Coordinate with external auditors to ensure efficient annual audits and collaborate with cross-functional teams to monitor the implementation of audit recommendations and corrective actions. Continuous Improvement:

Stay updated on industry trends, regulatory changes, and best practices in auditing and compliance to ensure the audit function remains effective and relevant. Evaluate latest technology tools (incl. AI/ML) to make the audit function more effective.

Required Qualifications and Skills:

Education:

Chartered Accountant (ICAI) and/ or Certified Internal Auditor (IIA) Experience:

Typically requires a minimum of 8 to 12 years of experience in internal auditing, external audit (Big 4 firm). Prior supervisory experience in Banking / NBFC sector. Technical Skills: Strong knowledge of audit and assurance standards, internal control frameworks, Ind AS. Strong knowledge of regulatory framework and latest guidelines issued by RBI guidelines, SEBI and Companies Act Awareness of audit management software and familiarity with ERP systems (like SAP) and data analytics tools is highly advantageous. Soft Skills: Excellent analytical, problem-solving, and critical-thinking skills. Strong written and verbal communication skills, with the ability to influence and build relationships across all levels of the organization. Strong leadership, project management, and organizational skills. High ethical standards and integrity.