Overview
Job Role: AVP- Internal Audit-Retail Lending- Bank- Mumbai
Location: Mumbai
The role of Auditor involves:
– Conducting centralized / decentralised audits of products and processes involved in Retail Lending Business (Home Loans, Loan against Property, Auto Loans, CV/CE Loans, Personal Loan, Education Loan, LAS).
– Execution of planned audits by adhering to given schedule and ensuring adherence to audit standards
– Review of compliance responses submitted by Auditee units
– Ensuring follow up with auditee units for closure of audit observations
Key Responsibilities
– Conducting internal audits within stipulated time and submission of audit reports based on risk based audit norms
– Ensuring quality of audit report (depth & coverage) by focusing on root cause analysis and providing qualitative suggestions/recommendations for improvement of processes & mitigation of risk
– Effective use of off-site audit reports (with special focus on data mining & analysis) for bringing out risks in the audit reports
– Conducting planned and unplanned audits and provide qualitative suggestions/recommendations for improvement of processes
– Updating skill sets and knowledge through continuous readings, attending trainings and certifications
– Ensuring timely follow up on closure of audit findings; checking the closure in line with the risk and recommendation; processing the closure of audit issues / reports as per audit policy
– Timely submission of information relating to audits conducted to internal and external stakeholders
Qualifications
Optimal qualification for success on the job is:
– CA/MBA/FRM/CIA
– Experience in Audit, Credit, Risk, Compliance or Operations functions preferably in Retail Lending & Payments
Role Proficiencies
– Demonstrate good understanding of Retail Loans
– Knowledge of Business applications used in banking industry
– Understanding of statutory and regulatory guidelines
– Demonstrate critical analytical skills
– Demonstrate basic understanding of various risks in banking business
– Good inter-personal and communication skills (verbal & written)
– Ability to work as a part of team and contribute towards team goals
– Proficient in using Microsoft excel, word and power point