Audit Manager

Objective

To conduct comprehensive audits of housing loan files ensuring compliance with regulatory requirements, internal policies, and industry standards. The role involves verifying accuracy of borrower details, property valuation, and loan terms, while identifying and mitigating potential risks in the housing loan portfolio.

Role & responsibilities

1. Documentation Review

• Examine loan agreements, property documents, customer details, and supporting documents for completeness and accuracy.
• Verify adequacy of documentation related to property valuation and legal due diligence.

2. Compliance Verification

• Ensure adherence to housing loan regulations, internal lending policies, and relevant guidelines.

3. Risk Assessment

• Identify and evaluate risks associated with individual housing loans, including credit, legal, and operational risks.
• Assess effectiveness of existing risk mitigation measures.

4. Disbursement Process Review

• Audit loan disbursement procedures to confirm proper authorization and compliance with established protocols.

5. Post-Disbursement Monitoring

• Review monitoring mechanisms post-disbursement to ensure timely identification and resolution of potential issues.

6. Reporting

• Prepare detailed audit reports highlighting findings, observations, and actionable recommendations.
• Suggest improvements to strengthen compliance and operational efficiency.

7. Timelines

• Complete audits within agreed timelines, ensuring thoroughness without compromising efficiency.

8. Training & Support

• If necessary to provide training to staff on housing loan processes, regulatory requirements, and internal policies, as needed.

Preferred candidate profile

Experience Required:

Qualification: