Credit Audit Head – Retail Assets – Bank

Tenheads Consultants; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

A financial consultancy in Mumbai seeks a skilled professional for credit audits in various financial sectors. The role involves conducting independent assessments, identifying risks, and ensuring compliance with regulations. Candidates should have strong experience in credit audits and the ability to prepare thorough reports. This is a unique opportunity to work with a dynamic team focusing on risk management in retail lending.

Qualifications

• Experience in undertaking credit audits for various financial products.
• Ability to conduct independent assessments and identify related risks.
• Strong understanding of regulatory guidelines and internal processes.

Responsibilities

• Perform audits for retail lending as per Risk Based Audit Plan.
• Identify and recommend corrective actions for weaknesses in evaluation processes.
• Prepare audit reports and handle post-report activities.
• Review disbursement conditions, monitoring practices and controls.
• Assess EWS identification mechanism and effectiveness.
• Suggest corrective actions for weaknesses in risk evaluation and monitoring.
• Prepare audit reports with documentation and post-report actions.

Skills

Credit audit expertise

Risk analysis

Financial analysis

Regulatory compliance

Tools

Audit checklist

Job description

Overview

Credit Audit – Retail Assets

Job Role:

– Experience in undertaking credit audit for Home Finance, LAP, Working Capital, Retail & Corporate Agriculture, Infrastructure Finance, Commercial Vehicle, Relationship Banking Group Business.

– Performing Audits for retail lending business (working capital as well as term loan products) as per the Risk Based Audit Plan.

– Conducting Independent assessment, identifying associated risks and mitigants, financial analysis and identify miss outs.

– Review, documentation, pre and post-disbursement conditions and monitoring practices and controls.

– Assess the Early Warning Signal (EWS) identification mechanism and its effectiveness

– Identify potential weaknesses in risk evaluation, monitoring and overall related processes, and recommend appropriate corrective actions

– Review adherence to internal processes as well as regulatory guidelines

Responsible for:

Responsibilities

• Experience in undertaking credit audit for Home Finance, LAP, Working Capital, Retail & Corporate Agriculture, Infrastructure Finance, Commercial Vehicle, Relationship Banking Group Business.
• Performing Audits for retail lending business (working capital as well as term loan products) as per the Risk Based Audit Plan.
• Conducting Independent assessment, identifying associated risks and mitigants, financial analysis and identify miss outs.
• Review, documentation, pre and post-disbursement conditions and monitoring practices and controls.
• Assess the Early Warning Signal (EWS) identification mechanism and its effectiveness
• Identify potential weaknesses in risk evaluation, monitoring and overall related processes, and recommend appropriate corrective actions
• Review adherence to internal processes as well as regulatory guidelines
• Preparation of Business Understanding Document and Audit Checklist ensuring adequate audit scope coverage.
• Finalization of Sampling.
• Review of work performed by the team along with Audit Findings and Discussion/Closure of the same with auditee.
• Preparation of audit reports with adequate documentation and post-report activities like FTAC and ACB preparation, closure of the audits in system and closure of actionable.