Compliance & Process Control

Core Responsibilities:

1. Audit of Credit Process and Regulatory Compliance:

• Conduct comprehensive audits of credit processes and performance assessments to ensure adherence to internal policies and regulatory requirements.
• Evaluate business processes for efficiency and compliance with industry regulations and company policies.

2. Develop Audit Plans:

• Develop detailed audit plans, including the scope, objectives, and methodologies for evaluating compliance in various functions.
• Coordinate with other departments to understand their operations and risk areas to tailor audits effectively.

3. Evaluate Control Systems:

• Assess the adequacy of internal controls and processes in place to mitigate risks related to credit processes, transactions, and financial operations.
• Suggest improvements or corrective actions where necessary to strengthen internal controls.

4. Prepare Audit Reports:

• Prepare comprehensive audit reports outlining findings, risk assessments, and recommendations for improvement.
• Provide clear and concise reports to management and key stakeholders regarding audit results and potential compliance gaps.

5. Monitor Implementation of Audit Findings:

• Track and monitor the implementation of corrective actions based on audit recommendations.
• Work with relevant departments to ensure that action items are being addressed within agreed timelines.

6. Collaboration with External Teams:

• Candidate should be able to collaborate with external stakeholders

7. Continuous Improvement:

• Contribute to the development of audit methodologies, processes, and tools to enhance the efficiency and effectiveness of compliance assessments.
• Suggest improvements in internal auditing processes to achieve greater transparency and compliance monitoring.

Skills and Competencies:

• Strong analytical and problem-solving abilities, especially in the credit and underwriting systems of the lending business
• Detail-oriented and able to manage multiple tasks effectively.
• Ability to maintain confidentiality and handle sensitive information appropriately.
• Knowledge of audit methodologies and risk assessment techniques.
• Strong organizational and time-management skills.
• Ability to work independently and as part of a team.
• Ability to influence and drive change across different departments.