Bajaj Finance | Lead - Outsourcing Compliance

Responsibilities

• This job exists to onboard vendors and manage code creation process across all businesses with specific emphasis on RBI regulatory requirements.
• Execute control testing for outsourced processes using defined test checklists (including onboarding, monitoring & controls, annual assessments, data security, service levels, incident reporting, and regulatory compliance).
• Perform sample-based walkthroughs, collect audit evidence, and assess control design and operating effectiveness.
• Conduct periodic process assessments in coordination with business functions and compliance teams.
• Prepare gap assessment reports highlighting control and compliance deficiencies.
• Drive action plans for identified issues and track closure of compliance gaps.
• Manage internal stakeholders and coordinate with cross-functional teams to ensure timely compliance.
• Document test procedures, results, exceptions, and root-cause analysis in a standardized format.
• Interpret and apply RBI regulations related to outsourcing of partners.
• Document critical outsourcing-related processes and controls.

Requirements

• Experience in internal audit within a lending or financial services business.
• Strong experience in data analysis and audit/report drafting.
• Excellent proficiency in MS Excel and PowerPoint.
• Strong communication, interpersonal, and stakeholder management skills.
• Positive attitude with the ability to work effectively as a team player.

Bajaj Finance Limited

Bajaj Finance Limited is one of India's largest non-banking financial companies. Incorporated in 1987 as Bajaj Auto Finance Limited and renamed in 2010, it is headquartered in Pune and is a subsidiary of Bajaj Finserv Limited. It is regulated by the Reserve Bank of India as a deposit-taking NBFC in the upper layer of RBI's scale-based framework, and its shares are listed on the NSE and BSE.

Its businesses span consumer lending and payments, SME and commercial lending, rural lending, fixed deposits and digital lending, with home loans offered through its subsidiary Bajaj Housing Finance. Beyond its large sales and service teams, Bajaj Finance hires CA, CMA, CFA and MBA (Finance) profiles into finance and accounts, taxation, treasury, internal audit, credit underwriting, risk and compliance roles.

• Industry: Non-banking financial services (lending, deposits and payments)
• Headquarters: Pune, Maharashtra, India
• In India: Corporate offices in Pune, with branches and lending locations across India