Senior Audit Executive-Business Process

Job Requirements

Job Requirements

Job Title

Lead- Internal Audit

Place of work

- Mumbai

Business Unit

- Retail Banking

Function

Internal Audit

Job Purpose

The role bearer has the responsibility as a Credit Auditors perform risk analysis to identify potential risks associated with lending. The incumbent would be conducting internal audits for the bank as assigned. It entails taking complete ownership of the process - creating checklists, conducting audits as per the defined timelines, publishing the audit reports and preparing for presentations to be conducted quarterly. The role bearer has to adhere by the guidelines set by the bank for Credit sanction and monitoring processes like pre-sanction checks, processes followed for sanction and disbursement, post disbursement monitoring.

Responsibilities

Roles & Responsibilities:

• Responsible in overall achievement of bank&aposs annual audit plan
• Manage the detailed planning, risk assessment, scoping, and resourcing of complex audit projects
• Conduct detailed financial analysis and projections, including due diligence on securities and collaterals, de-duplication checks on the borrower, account conduct evaluation, and internal rating assessment.
• Perform risk-based borrower assessments by analyzing early warning signals, account behavior, industry outlook, external/internal ratings, and historical performance.
• Perform audit checks to ensuring adherence to prudent credit practices, complies with regulatory and internal guidelines, and aligns with IRAC norms.
• Check the compliance of pre- and post-sanction conditions and processes with diligence and accuracy.
• Engage with Stakeholders and independently manage the credit audits.
• Ensure execution of audit plan as per agreed timelines, draft audit reports, discuss and finalize the same with the auditee
• Review the working papers prepared by subordinates and take complete ownership of it
• Identify critical areas for continuous monitoring and develop necessary exception reports for the same
• Leverage Data and Analytics to automate the audit tests conducted.
• Prepare audit committee presentations for audits held during each quarter and making sure that all critical issues are included along with adequate plan of action
• Conduct special audits as required by senior management and issue results
  

Educational Qualifications

Graduate - AnyPost Graduate - MBA FinanceProfessional Degree- CA

Experience

Minimum of 5+Years in Internal Audit