Specialist-Credit Audit

ROLE PURPOSE & OBJECTIVE

1. To execute internal audit of Credit function of the bank as per audit methodology/ procedures defined in Internal Audit Policy and applicable external/regulatory requirements
2. To perform variety of audits including thematic reviews of banking products/processes, process and regulatory audits related to Credit and other departments.
3. To coordinate with owning department for audit issue tracking and closure
4. Support the Manager-Credit Audit and National Manager- Credit Audit ("NM-CA") in all matters related to credit risk and execute the audit in accordance with instructions given from time to time.

KEYDUTIES & RESPONSIBILITIES OF THE ROLE

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)

1. Coordination for retrieving MIS data required at Corporate office/Regions and utilizing the data in audit reports.
2. Provide common/systemic issues identified in credit audit reports to HCA/HOA.
3. Explore audit relevant data from internal sources to produce audit evidence for risk assessment and analytical procedures.

Internal Process

1. Effectively collaborate with other team leaders of Branch Audits, other team members at Regions and NM-CA.
2. 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.
3. To review Compliance to stipulated SLA/Policies/Processes/RBI regulations based on audit scope
4. To test the effectiveness of controls based on sampling methodology
5. Recommend development of policies and procedures in consultation with various departments for reducing risk and operational improvements.
6. Draft detailed Internal Audit reports, discuss with owning department and maintain related work papers
7. To track the audit for timely closure based on appropriate implementation
8. To test the RBI guidelines for RBS Tranches (I, II and III)
9. Complete Quality Assurance (QAIP) in terms of IIA guidelines for Audits completed

Innovation & Learning

1. Continuous learning on RBI Circulars, IBA Circulars, Statutory department circulars, internal circulars, policies and manuals.
2. Undertake additional certifications, trainings and mandatory programs advised by the department.
3. To complete learning modules related to Banking products and RBI regulations in Swayam App

1. MINIMUMREQUIREMENTS OF KNOWLEDGE & SKILLS

Educational

Qualifications

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

Experience(Yearsand Core Experience Type)

• 3-5 years in credit audit / credit 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