Assistant Vice President – Internal Audit – Retail Lending – Bank

Kairos Consulting India; Mumbai; On-site; INR 1,000,000 - 1,500,000; Full time

Job summary

A consulting firm is seeking an AVP- Internal Audit for their Mumbai location. The role involves conducting audits for retail lending products, ensuring compliance, and providing insightful recommendations for process improvements. Ideal candidates will have qualifications such as CA/MBA/FRM/CIA and experience in audit or risk functions. Strong analytical skills and proficiency in business applications used in banking are essential for success in this fast-paced environment.

Qualifications

• Experience in Audit, Credit, Risk, Compliance or Operations in Retail Lending & Payments.
• Good understanding of business applications used in banking.

Responsibilities

• Conduct internal audits and prepare risk-based audit reports.
• Ensure quality of audit reports through root cause analysis.
• Timely follow up on audit findings and closure.

Skills

Understanding of Retail Loans

Critical analytical skills

Inter-personal and communication skills

Proficient in Microsoft Excel

Education

CA/MBA/FRM/CIA

Job description

Job Role: AVP- Internal Audit-Retail Lending- Bank- Mumbai

Location: Mumbai

The role of Auditor involves:

• Conducting centralized / decentralised audits of products and processes involved in Retail Lending Business (Home Loans, Loan against Property, Auto Loans, CV/CE Loans, Personal Loan, Education Loan, LAS).
• Execution of planned audits by adhering to given schedule and ensuring adherence to audit standards
• Review of compliance responses submitted by Auditee units
• Ensuring follow up with auditee units for closure of audit observations

Key Responsibilities

• Conducting internal audits within stipulated time and submission of audit reports based on risk based audit norms
• Ensuring quality of audit report (depth & coverage) by focusing on root cause analysis and providing qualitative suggestions/recommendations for improvement of processes & mitigation of risk
• Effective use of off-site audit reports (with special focus on data mining & analysis) for bringing out risks in the audit reports
• Conducting planned and unplanned audits and provide qualitative suggestions/recommendations for improvement of processes
• Updating skill sets and knowledge through continuous readings, attending trainings and certifications
• Ensuring timely follow up on closure of audit findings; checking the closure in line with the risk and recommendation; processing the closure of audit issues / reports as per audit policy
• Timely submission of information relating to audits conducted to internal and external stakeholders

Qualifications

Optimal qualification for success on the job is:

• CA/MBA/FRM/CIA
• Experience in Audit, Credit, Risk, Compliance or Operations functions preferably in Retail Lending & Payments

Role Proficiencies

• Demonstrate good understanding of Retail Loans
• Knowledge of Business applications used in banking industry
• Understanding of statutory and regulatory guidelines
• Demonstrate critical analytical skills
• Demonstrate basic understanding of various risks in banking business
• Good inter-personal and communication skills (verbal & written)
• Ability to work as a part of team and contribute towards team goals
• Proficient in using Microsoft excel, word and power point