Opening For concurrent audit

ECap Equities; Mumbai; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

ECap Equities in Mumbai is seeking an experienced audit professional to perform concurrent audits across the complete loan lifecycle, ensuring adherence to RBI regulations and internal policies. You will review sourcing, onboarding, credit appraisal, sanction, documentation, legal and disbursement processes with a focus on control effectiveness.

The role demands strong NBFC regulatory knowledge, risk-based auditing, and excellence in report writing.

Qualifications

• Minimum 13 years of audit experience with CA firms, NBFCs or Banks.
• Candidates with more than 3 years of experience will be preferred.

Responsibilities

• Conduct concurrent audits of end-to-end loan lifecycle including sourcing, onboarding, credit appraisal, sanction, documentation, legal, technical and disbursement.
• Verify RBI regulations, internal policies, SOPs, delegation and product policies across lending stages.
• Review KYC and CKYC documentation for regulatory compliance and timely closure of exceptions.
• Examine underwriting processes, including risk assessments and approval justifications.
• Validate due diligence reports and ensure alignment with risk management frameworks.
• Review loan documentation, pricing approvals, insurance, collateral, and post-disbursement controls.
• Ensure accurate system entries, bureau/NESL reporting, and post-disbursement compliance.
• Assess NACH registrations and collection processes.
• Perform sample testing to identify policy deviations and potential fraud indicators.
• Track observations, verify corrective actions, and escalate unresolved issues.
• Prepare working papers, exception reports, dashboards and management summaries.
• Coordinate with Operations, Credit, Sales, FCU, Legal, Technical and other stakeholders to close observations.
• Follow up on Action Tracking Reports.

Skills

NBFC regulatory framework

RBI circulars

End-to-end loan lifecycle

Fraud indicators testing

Audit report writing

Stakeholder coordination

Education

BCom/MCom or equivalent

Job description

Role Purpose

To perform concurrent audits covering the complete loan lifecycle, from customer sourcing and onboarding, credit appraisal, FCU, legal, technical and disbursement operation ensuring adherence to product policy, regulatory requirements and organizational policies.

Key Responsibilities

• Conduct concurrent audits of the end-to-end loan lifecycle, covering sourcing, customer onboarding, credit appraisal, sanction, documentation, legal, technical and disbursement
• Verify compliance with RBI regulations, internal credit policies, SOPs, approval matrices, delegation matrix, product policies and adherence to operational guidelines across all stages of the lending process.
• Review customer onboarding and KYC documentation, ensuring completeness, authenticity, regulatory compliance, CKYC adherence, and timely closure of KYC-related exceptions.
• Examine credit underwriting processes, including screening alerts, personal discussions, field investigations, risk assessments, approval justifications, policy deviations, and credit committee approvals
• Validate legal, technical, FCU, and other due diligence reports to assess adherence to approved credit and risk management frameworks
• Review loan documentation, sanction terms, pricing approvals, insurance requirements, collateral documentation, OTC/PDD compliance, and document management controls.
• Verify accuracy and completeness of loan disbursements, system entries, customer communications, bureau/NESL reporting, and post-disbursement compliance requirements.
• Assess NACH registration process and collection of SPDCs.
• Perform sample-based testing of loan files and transactions to identify control gaps, policy exceptions, operational errors, documentation deficiencies, and potential fraud indicators.
• Track audit observations, verify implementation of corrective actions, and report unresolved issues and recurring exceptions to management on a timely basis.
• Prepare audit working papers, exception reports, dashboards, and management reports highlighting key risks, trends, and control weaknesses.
• Ensure that all the audit papers, evidence, reports are properly documented.
• Coordinate with Operations, Credit, Sales, FCU, , Legal, Technical, and other stakeholders to facilitate audits and ensure timely closure of observations.
• Following up on Action Tracking Reports

Required Qualifications & Experience

• Education: BCOM, MCOM or equivalent.
• Experience: Minimum 13 years of experience in audit working with CA firms, NBFCs, or Banks. Candidates who have experience more than 3 years will be preferred.

Skills & Competencies

• Strong understanding of NBFC regulatory framework and RBI circulars.
• Understanding of the end-to-end loan lifecycle, including sourcing, onboarding, credit appraisal, underwriting, legal, technical and disbursement process
• Expertise in identifying control gaps, policy deviations, operational risks, and fraud indicators through transaction testing and document reviews.
• Effective report writing and presentation skills.

Additional Attributes

• `Exposure to risk-based audit methodologies will be an added advantage.Role & responsibilities`

Preferred candidate profile