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Objective –
Primarily responsible for Credit audits of Mid corporate/Working capital Business and provide support to audits of all other Business / Functions.
Responsibilities –
- Lead/ Oversee audits of the Credit function. Credit audits will cover customers across Wholesale/Retail working capital Banking segments. Such audits will cover both pre and post disbursement policies & procedures.
- Plan, design and implement risk based audit plans to ensure safety and soundness of the Bank.
- Oversee Concurrent Audit Process .
- Ensure completion of assigned audits and documentation of work papers on time.
- Track status of issues reported.
- Assist in keeping relevant processes benchmarked to Best Practices and peer banks.
- Assist in keeping Audit Procedure Manual and checklists updated.
- Devise audit checklists for use of internal/concurrent Auditors and test processes/procedures to foresee pitfall and bottlenecks and ensure these are audited/resolved.
To provide suggestions for improvement to existing process / systems to line management
Qualification, Background and competencies –
- Chartered Accountant/MBA(Finance)
- Expert knowledge of Credit Policies & Procedures covering both pre & post disbursement aspects
- Expert knowledge of bank audit procedures.
- Hands on experience of Credit audit/underwriting of approximately 1-8 years at operational .
- Possess sound product knowledge of all other areas of banking including regulatory requirements.
Should be a clear thinker and excellent communicator.
