Manager - Credit Audit

Business/ Financials

1. Perform Loan Review Mechanism activity in accordance with guidelines on credit risk management issued by RBI.

2. Perform the Risk based Credit audit and Inspection (wherever required) in accordance with the scope document approved by NM-CA.

3. To plan and execute Internal Audit of Credit functions/verticals as per the Board Approved Annual Audit Plan / Management requests,

4. To assess controls, operational efficiencies and compliance with selected policies, procedures and regulations.

5. Perform and execute any additional audit assignment instructed by Head of Audit or HCA at the respective location of placement or other regions jointly with other Credit Audit Managers.

6. Ensure to maintain the quality of work-papers to provide sufficient support for the assessments made.

7. Make an effective follow up of audit issues and close to the satisfaction of audit standards.

Customer (Both Internal & External)

8. Coordination for retrieving MIS data required at Corporate office/Regions and utilizing the data in audit reports.

9. Provide common/systemic issues identified in credit audit reports to HCA/HOA.

10. Explore audit relevant data from internal sources to produce audit evidence for risk assessment and analytical procedures.

Internal Process

11. Effectively collaborate with other team leaders of Branch Audits, other team members at Regions and NM-CA.

12. In-depth analysis of critical findings reported in the audit to identify the vulnerabilities in the existing processes/ systems and suggesting for changes/improvement on the controls.

13. To review Compliance to stipulated SLA/Policies/Processes/RBI regulations based on audit scope

14. To test the effectiveness of controls based on sampling methodology

15. Recommend development of policies and procedures in consultation with various departments for reducing risk and operational improvements.

16. Draft detailed Internal Audit reports, discuss with owning department and maintain related work papers

17. To track the audit for timely closure based on appropriate implementation

18. To test the RBI guidelines for RBS Tranches (I, II and III)

19. Complete Quality Assurance (QAIP) in terms of IIA guidelines for Audits completed

Innovation & Learning

20. Continuous learning on RBI Circulars, IBA Circulars, Statutory department circulars, internal circulars, policies and manuals.

21. Undertake additional certifications, trainings and mandatory programs advised by the department.

22. To complete learning modules related to Banking products and RBI regulations in Swayam App

MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS

Educational

Qualifications

Chartered Accountancy / CA (Inter) / Post Graduate/ CIA / CAIIB

Experience(Years and Core Experience Type)

5-8 years of which 3-4 years in credit audit in retail Bank or multi product NBFC

Experience in conducting Credit Audits or Credit risk assessment of retail products (Desired)

Functional Skills

Understanding of risk and control concepts

Report writing and documentation abilities

Communication and presentation skills

Analytical and result oriented Skills

Behavioral Skills

Good interpersonal skills

Internal stakeholder engagement

Competencies

Individual Contributor