Head of Internal Audit (HIA)

IRFC Limited is a 'Navratna' Public Sector Undertaking under the Ministry of Railways, engaged in financing railway infrastructure projects in India.
The company has been consistently rated 'EXCELLENT' by the Government of India for achieving MOU targets.
As of March 31, 2026, IRFC reported a turnover of Rs. 27,284.15 crore and a net worth of Rs. 56,748.76 crore.
The Head of Internal Audit (HIA) will be responsible for developing and implementing a robust risk-based internal audit framework for the organization.
The role involves conducting independent risk assessments, preparing risk-based audit plans, and ensuring compliance with audit observations.
The HIA will report to the Audit Committee of the Board (ACB) and functional directors, providing timely MIS and audit reports.
The position requires developing systems to monitor compliance with audit observations and ensuring prompt disposal of audit findings.
The HIA will identify inherent business risks, evaluate control systems, and prepare risk matrices for key business processes.
The role includes conducting root cause analysis for critical audit findings and reviewing compliance status of previous audit observations.
The HIA will promote knowledge sharing and best practices across the Internal Audit department and the organization.

Post: Head of Internal Audit (HIA) — 1 vacancy.
Eligible candidates must be working or retired officials from:
- IDA: E-8 level or above (E8 Grade of CPSE — Rs. 1,20,000 - 2,80,000) in Government Banks/NBFCs/FIs/CPSEs (Finance/Audit area).
- CDA: Level 14 or above in Organised Group 'A' Accounts Services with minimum 22 years of service.
Minimum experience: 10 years in Government Banks/NBFCs/FIs/CPSEs (Finance/Audit area) OR Level 14 of Organised Group 'A' Accounts Services with minimum 22 years of service.
Qualification: Chartered Accountant or Cost Accountant or a full-time MBA/PGDM with specialization in Finance from a recognized university/institution.
OR Officers of Organised Group 'A' Accounts Services (e.g., Indian Audit and Accounts Service, Indian Defence Accounts Service, Indian Railway Accounts Service, Indian Civil Accounts Service, Indian P&T Accounts & Finance Service).
Age limit: Maximum 62 years as of September 30, 2026 (for retired officials).
For serving officials: Maximum 57 years as of September 30, 2026, or those attaining superannuation up to October 31, 2026, are also eligible.
Candidates must possess a clean track record with no pending vigilance cases or adverse observations from RBI or other regulators.

Applications will be screened based on eligibility criteria and experience.
Shortlisted candidates will be called for an interview (if more than 10 times the number of vacancies apply).
Final selection will be based on qualifications, experience, suitability, and interview performance.
The appointment is purely on a contractual/deputation basis for a period of 3 years.
No correspondence will be entertained for candidates not shortlisted for the interview.

General
OBC
SC
ST
EWS

Duly filled application form with latest passport-size photograph affixed and signed.
Proof of age (e.g., birth certificate, matriculation certificate).
Proof of educational qualifications (e.g., CA/CMA/MBA/PGDM certificates, degree certificates).
Proof of experience (e.g., service certificates, relieving orders, last pay slips).
Category certificate (if applicable, e.g., SC/ST/OBC/EWS).
No Objection Certificate (NOC) from the current employer (for serving officials).
Declaration of clean track record and no pending vigilance cases.

No application fee is mentioned in the notification.