Auditor

YES BANK; Maharashtra; On-site; INR 600,000 - 1,000,000; Full time

Job summary

YES BANK seeks an Auditor reporting to Senior Auditor to perform independent, risk-based audits of the wholesale lending portfolio, covering large corporates to evaluate credit risk management, underwriting standards, documentation quality, and post-sanction monitoring.

The role includes reviewing security, pre-disbursement checks, credit memos, and adherence to RBI norms, with focus on timely closure of audit observations and effective stakeholder engagement.

Qualifications

• 2–6 years in credit underwriting, credit operations, or wholesale credit audit.
• Experience in risk assessment and credit portfolio review.
• Understanding RBI norms and regulatory expectations.

Responsibilities

• Evaluate credit assessments, financial analyses, and cash flow projections for wholesale borrowers.
• Verify compliance with Corporate Credit Policies and risk frameworks.
• Assess industry risk, financial covenants and macro factors at appraisal.
• Review credit memos, deviations, and pricing/structure justifications.
• Audit security perfection, charges, and guarantees.
• Check pre-disbursement conditions and legal vetting reports.
• Review complex facility documentation for consortium lending and project finance.
• Identify early warning signs of stress and potential NPAs.
• Audit restructuring, provisioning logic, and stressed asset management.
• Extract data using risk models/SQL/Excel for high-risk segments.
• Draft evidence-backed findings for audit committees and heads.

Education

Chartered Accountant

MBA (Finance)

Credit Risk Management certifications

Tools

Corporate Loan Management Systems

Financial modeling

Early warning tracking platforms

Job description

Job Title Auditor Reporting To Senior Auditor/TL

Job Code ID NA Business Unit Internal Audit

Grade/ Level G7 & below Sub Business Unit Credit Audit Wholesale

Management Band Junior Management Location YBH Mumbai / Gurgaon / Noida

Section II: JOB ROLE SCOPE

Number of Direct

Reports None Financial Metrics (Budget, Revenue, etc.) -

Total Team Size Individual Contributor

SECTION III: PURPOSE OF THE ROLE

Perform independent, risk-based audits of the wholesale lending portfolio covering large corporates, mid-corporates to evaluate credit

risk management, underwriting standards, documentation quality, and post-sanction monitoring

SECTION IV: KEY RESPONSIBILITIES & KPIS OF THE ROLE

Responsibilities KPIs

Strategy and Planning

• Evaluate the quality of credit assessments, financial analysis, and cash flow projections for wholesale borrowers.
• Verify compliance with Corporate Credit Policies, risk-appetite frameworks, and RBI exposure norms.
• Assess industry-specific risk analysis, financial covenants, and macro-economic factors considered during appraisal.
• Review credit committee memos, approval deviations, and the justification for pricing or structural exceptions.
• Audit the execution and perfection of security, including charges on fixed assets, hypothecation of current assets, and corporate/personal guarantees.
• Verify pre-disbursement conditions (CPAs) and check if legal vetting, property valuations, and title search reports are current and valid.
• Review complex facility documentation for consortium lending, multiple banking arrangements, and project finance.
• Assess the effectiveness of early warning signal (EWS) frameworks and stock/book-debt audit mechanisms.
• Review account conduct, end-use of funds, timely renewal of limits, and compliance with financial covenants.
• Identify early signs of stress, potential non-performing assets (NPAs), and credit frauds within the portfolio.
• Audit the restructuring process, stressed asset management, and provisioning logic for downgraded accounts.
• Extract and analyze credit portfolio data using risk models, SQL, or Excel to identify high-risk segments.
• Draft evidence-backed audit findings highlighting core process weaknesses for credit committees and business heads.
• Track the closure of critical audit observations and verify the implementation of corrective actions.
• In depth knowledge of the banking audit operations. Ability to provide solutions to meet needs.
• Flair to work in complexity, with clear focus on closure of transactions
• Sharp analytical mindset and eye for detail.
• Deep understanding of corporate loan structures (Working Capital, Term Loans, Project Finance, Trade Finance, LC/BG).
• Familiarity with Corporate Loan Management Systems, Financial modeling, and early warning tracking platforms.
• Advanced financial statement analysis, strong commercial acumen, and assertive stakeholder interaction.
  

Policies, Processes & Procedures

• Facilitate development and maintenance of internal audit methodologies, ensuring alignment with professional standards (e.g., IIA Standards) and regulatory expectations.
• Ensure adherence to internal policies, procedures, statutory requirements, and relevant banking regulations.
  

Business

Development

• Attend training programs to enhance audit quality and also serve as buddy to the new joinees.
  

Performance

Monitoring & Reporting

• Facilitate the lead auditor in preparation of reports.
• Review control mechanisms in outsourcing arrangements, vendor processes, and third-party integrations.
  

Relationship

Management

• Build and manage relationships across levels of auditees ensuring open communication and trust.
  

Risk and Internal Control

• Ensure timely and correct submission of data / information to Reserve Bank of India
• Ensure timely closure of assigned field work and open audit points
  

People

Management

• Ensure timely submission of data/ information to Reserve Bank of India.
  

SECTION V: OPERATING NETWORK

Internal For collating responses and information for submission to RBI.

SECTION VI: ROLE PROFILE REQUIREMENTS

Education Essential: Chartered Accountant, MBA (Finance), or certifications in Credit Risk Management.

Experience Essential: 2 to 6 years in credit underwriting, credit operations, or Wholesale credit audit within a private bank or NBFC).

Competencies CORE COMPETENCIES LEADERSHIP/ BEHAVIORAL COMPETENCIES

• Customer and Quality Focus
• Drive for Results
• Integrity
• Lead and Develop people
• Enables Change
• Build transparent and inclusive teams