Credit Audit

Key Responsibilities:

• Conduct Audits:
• Perform comprehensive audits of credit applications, approvals, and documentation.
• Evaluate the effectiveness of credit policies and procedures.
• Risk Assessment:
• Analyze credit risk associated with lending practices.
• Identify potential areas of improvement in credit decision-making.
• Reporting:
• Prepare detailed audit reports outlining findings, risks, and recommendations.
• Present findings to management and stakeholders.
• Compliance Monitoring:
• Ensure adherence to relevant regulatory requirements and internal policies.
• Stay updated on changes in credit regulations and industry standards.
• Collaboration:
• Work closely with the credit department to understand processes and identify weaknesses.
• Provide training and support to staff on best practices in credit management.
• Continuous Improvement:
• Recommend process enhancements to improve efficiency and reduce risk.
• Participate in the development and implementation of credit policies.