Credit Audit - Retail Assets or Small Medium Enterprises / Working Cap

Role & responsibilities

Credit Audit - Retail Assets

 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

Credit Audit - SME & Working Capital

Responsibilities -

•  Evaluate the quality of credit appraisals for retail products (Home Loans, Auto Loans, Personal Loans, LAP).

•  Verify borrower eligibility against the approved credit policy, income norms, and risk appetite frameworks.

•  Assess the verification process of customer documents, including financial statements, tax filings, and credit bureau (CIBIL) reports.

•  Review underwriting exceptions and deviations to ensure proper approvals and justifications exist.

•  Check pre-disbursement conditions (CPAs) to confirm all sanctions terms are met before funds are released.

•  Audit loan documentation accuracy, including loan agreements, mortgage deeds, and guarantee papers.

•  Verify the perfection of charges on collateral, vehicle hypothecation, and legal/valuation report validity.

•  Analyze post-disbursement tracking, including end-use verification and first EMI defaults (FED).

•  Identify early warning signals (EWS) of stress, non-performing assets (NPAs), and potential retail credit frauds.

•  Review the efficiency and compliance of the collections and recovery processes for overdue accounts.

•  Utilize audit tools and data analytics to identify sampling sets and high-risk loan pockets.

•  Draft objective audit findings with clear root-cause analysis for credit and business stakeholders.

•  Track the remediation of audit observations and ensure systemic gaps in credit processing are closed.

Preferred candidate profile

Candidate who have experience in Retail Assets audit or underwriting

Candidates having experience in SME