Retail Central Audit - IA - Mumbai

JobItUs; Mumbai; On-site; INR 900,000 - 1,500,000; Full time

Job summary

JobItUs is seeking an experienced Central Retail Asset Auditor to join the Internal Audit team in Mumbai. The role focuses on risk-based audits of retail lending operations, evaluating internal controls, ensuring regulatory compliance, and recommending improvements to strengthen processes.

The ideal candidate has 3–8 years of relevant audit experience with CA qualification and a strong understanding of retail asset operations, banking/NBFC regulations, and reporting requirements.

Qualifications

• CA qualification is mandatory.
• 3–8 years of Internal Audit and Risk Management experience in NBFCs, HFCs, or banks.
• Experience in Retail Asset Internal Audit preferred.
• Strong knowledge of Companies Act, RBI guidelines, NHB regulations, and regulatory requirements.
• Hands-on experience in developing, testing, and evaluating internal controls.
• Strong understanding of retail lending, credit underwriting, risk management, and banking/NBFC operations.
• Excellent analytical, problem-solving, communication, and report-writing skills.

Responsibilities

• Conduct audits of retail asset products and retail lending businesses per risk-based audit plan.
• Perform independent risk assessments, financial analysis, and identify process gaps and control weaknesses.
• Review pre- and post-disbursement documentation, conditions, monitoring practices, and controls.
• Evaluate effectiveness of Early Warning Signal (EWS) identification mechanisms.
• Identify gaps in risk assessment, monitoring, and operational processes and recommend corrective actions.
• Ensure compliance with internal policies, procedures, and regulatory guidelines.
• Assess governance processes, business decision-making, risk management frameworks, and internal controls.
• Conduct special audits, investigations, and reviews as required by senior management or regulators.
• Prepare Business Understanding Documents (BUD) and audit checklists for coverage.
• Review audit work, validate findings, and discuss observations with stakeholders.
• Prepare detailed audit reports and ensure timely closure of observations.

Skills

Internal Audit

Risk Management

Regulatory Compliance

Audit Reporting

Financial Analysis

Communication

Education

Chartered Accountant (CA)

Job description

Central Retail Asset Auditor

Department: Internal Audit
Location: Mumbai
Experience: 3–8 Years
Qualification: Chartered Accountant (CA) – Mandatory
Industry: NBFC / HFC / Banking

Job Summary

We are looking for an experienced Central Retail Asset Auditor to join the Internal Audit team. The ideal candidate will be responsible for conducting risk-based audits of retail lending operations, evaluating internal controls, identifying potential risks, ensuring regulatory compliance, and recommending corrective actions to strengthen business processes.

Key Responsibilities

• Conduct audits of retail asset products and retail lending businesses in accordance with the risk-based audit plan.
• Perform independent risk assessments, financial analysis, and identify process gaps and control weaknesses.
• Review pre-disbursement and post-disbursement documentation, conditions, monitoring practices, and controls.
• Evaluate the effectiveness of Early Warning Signal (EWS) identification mechanisms.
• Identify gaps in risk assessment, monitoring, and operational processes and recommend corrective measures.
• Ensure compliance with internal policies, procedures, and applicable regulatory guidelines.
• Assess governance processes, business decision‑making, risk management frameworks, and internal controls.
• Conduct special audits, investigations, and reviews as required by senior management or regulatory authorities.
• Prepare Business Understanding Documents (BUD) and audit checklists to ensure comprehensive audit coverage.
• Review audit work performed by team members, validate audit findings, and discuss observations with relevant stakeholders.
• Prepare detailed audit reports, maintain proper documentation, and ensure timely closure of audit observations.

Required Qualifications & Skills

• Chartered Accountant (CA) qualification is mandatory.
• 3–8 years of relevant experience in Internal Audit and Risk Management within NBFCs, HFCs, banking institutions, or reputed audit firms.
• Experience in Retail Asset Internal Audit, including Central and Branch Audits, will be preferred.
• Strong knowledge of the Companies Act, RBI guidelines, NHB regulations, and other applicable regulatory requirements.
• Hands‑on experience in developing, testing, and evaluating internal controls.
• Strong understanding of retail lending, credit underwriting, risk management, and banking/NBFC operations.
• Excellent analytical, problem‑solving, communication, and report‑writing skills.