Overview
Key Responsibilities:
Conduct Audits:
– Perform audits of lending business across branches and asset centers.
– Assess compliance with internal policies and regulatory requirements.
Evaluate Lending Processes:
– Review loan origination, underwriting, servicing, and collections processes.
– Ensure lending practices are efficient, compliant, and effective.
Identify & Analyze Risks:
– Identify risks in lending practices (operational, credit, regulatory).
– Recommend improvements to mitigate risks and enhance compliance.
Prepare Audit Reports:
– Draft detailed reports with findings, recommendations, and action plans.
– Ensure audit results are clearly communicated to relevant stakeholders.
Stay Updated on Regulations:
– Keep abreast of changes in lending regulations and industry best practices.
– Ensure lending operations comply with the latest legal and regulatory standards.
Develop Audit Procedures:
– Assist in creating auditing procedures and methodologies specific to lending.
– Ensure auditing practices are aligned with regulatory requirements.