Credit Audit - Large Corporates

Role & responsibilities

Responsibilities -

•  Evaluate the quality of credit assessments, financial analysis, and cash flow projections for wholesale borrowers.

•  Verify compliance with Corporate Credit Policies, risk-appetite frameworks, and central bank exposure norms.

•  Assess industry-specific risk analysis, financial covenants, and macro-economic factors considered during appraisal.

•  Review credit committee memos, approval deviations, and the justification for pricing or structural exceptions.

•  Audit the execution and perfection of security, including charges on fixed assets, hypothecation of current assets, and corporate/personal guarantees.

•  Verify pre-disbursement conditions (CPAs) and check if legal vetting, property valuations, and title search reports are current and valid. [1]

•  Review complex facility documentation for consortium lending, multiple banking arrangements, and project finance.

•  Assess the effectiveness of early warning signal (EWS) frameworks and stock/book-debt audit mechanisms.

•  Review account conduct, end-use of funds, timely renewal of limits, and compliance with financial covenants.

•  Identify early signs of stress, potential non-performing assets (NPAs), and credit frauds within the portfolio.

•  Audit the restructuring process, stressed asset management, and provisioning logic for downgraded accounts.

•  Extract and analyze credit portfolio data using risk models, SQL, or Excel to identify high-risk segments.

•  Draft evidence-backed audit findings highlighting core process weaknesses for credit committees and business heads.

•  Track the closure of critical audit observations and verify the implementation of corrective actions.

KPIs -

•  In depth knowledge of the banking audit operations. Ability to structure and customize solutions to meet client needs;

•  Flair to work in complexity, with clear focus on closure of transactions

•  Sharp analytical mindset, eye for detail, and objective decision-making capabilities.

•  Deep understanding of corporate loan structures (Working Capital, Term Loans, Project Finance, Trade Finance, LC/BG).

•  Familiarity with Corporate Loan Management Systems, financial modeling, and early warning tracking platforms.

•  Advanced financial statement analysis, strong commercial acumen, and assertive stakeholder interaction