Senior Auditor

HDFC Bank Limited; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

HDFC Bank Limited, Mumbai, is seeking a Senior Manager/Manager for the Risk Audit team. The role involves leading audits across key risk verticals with emphasis on credit risk governance, model risk, and regulatory compliance.

The ideal candidate will have deep domain expertise in risk management within banks or NBFCs, strong analytical and communication skills, and the ability to drive risk mitigation through detailed reports and cross-functional collaboration.

Qualifications

• Experience in risk management or risk audit in banks/NBFCs.
• Strong understanding of credit, market risk, and model risk governance.
• Familiarity with RBI guidelines, Basel III, ICAAP.
• Excellent analytical, written and verbal communication, and report writing.

Responsibilities

• Lead and execute audits in credit risk governance, ECL frameworks, IRB approaches, and risk models.
• Evaluate model development, validation, and governance practices.
• Assess compliance with RBI, Basel norms, and internal policies.
• Prepare detailed audit reports with actionable insights and risk mitigation recommendations.
• Collaborate with Risk, Compliance, and Business teams.

Skills

Risk management

Audit in banking

Model risk governance

Regulatory knowledge RBI Basel ICAAP

Analytical skills & reporting

Education

Postgraduate in Finance / Risk Management / Statistics

CA / FRM / CFA / PRM certifications beneficial

Job description

We are seeking a highly skilled and motivated professional to join our Risk Audit team as a Senior Manager/ Manager. The role involves conducting audits across key risk verticals, with a focus on credit risk governance, model risk, and regulatory compliance. The ideal candidate will bring deep domain expertise in risk management or risk audit functions within a Bank or NBFC.

Key Responsibilities:

• Lead and execute audits in the areas of:
  • Expected Credit Loss (ECL) frameworks
  • Internal Rating Based (IRB) Approach
  • Credit Risk Assessment and Monitoring Models
  • Asset-Liability Management (ALM) Behavioural Models
  • AI/ML Models used in Risk Management
• Evaluate model development, validation, and governance practices.
• Assess compliance with internal policies and regulatory guidelines (RBI, Basel norms).
• Prepare detailed audit reports with actionable insights and risk mitigation recommendations.
• Collaborate with stakeholders across Risk, Compliance, and Business teams.

Candidate Profile:

• Strong experience in Risk Management or Risk Audit functions in a Bank or NBFC.
• Strong understanding of credit and market risk concepts, model risk governance, and regulatory frameworks.
• Exposure to model validation, stress testing, and risk analytics is preferred.
• Familiarity with RBI guidelines, Basel III norms, and ICAAP processes.
• Excellent analytical, communication, and report-writing skills.
• Ability to work independently and manage multiple audits simultaneously.

Preferred Qualifications:

• Certifications such as CA, FRM, CFA, or PRM will be an added advantage.
• Postgraduate in Finance, Risk Management, Statistics, or related field.