Internal Auditor - Retail Asset & Wholesale Vertical

DEPARTMENT: Internal Audit

TRAVEL: Moderate

JOB OVERVIEW:

The role will involve conducting risk-based audits across wholesale lending products and core processes, including credit appraisal, underwriting, disbursement, monitoring, and collections. It focuses on evaluating financial controls, regulatory compliance, and risk governance frameworks. The incumbent will identify control gaps, drive corrective actions, and strengthen process integrity. This is a high-impact role with direct exposure to senior management and the Audit Committee.

QUALIFICATION:

Qualified Chartered Accountant

EXPERIENCE:

• Minimum 1 year of total work experience in conducting credit audits of wholesale vertical for HFC/ NBFC/Banking.
• Knowledge of Credit Function, Policies, internal guidelines, process, practices and people, revenue assurance, risk coverage.
• Ability to carry out assignments such as review of process, thematic audits and special audits as and when required.
• Ability to manage multiple tasks/projects and deadlines simultaneously.
• Strong excel and database manipulation, financial and statistical analysis skills.
• Strong analytical skill with knowledge and understanding of the HFC, NBFC and Banking systems, internal control, and reporting processes.
• Ready to travel.

KEY RESPONSIBILITIES:

1. Conduct credit audits of the Wholesale vertical, covering pre-sanction, post-sanction, disbursement, and monitoring processes, and participate in all business credit audits.
2. Ensure timely commencement and closure of audits, including documentation of working papers, and prepare and submit audit reports within the stipulated time frame.
3. Ensure quality of audit reports and accuracy and consistency of data furnished, with emphasis on policies, internal guidelines, processes, practices, people, revenue assurance, and risk coverage.
4. Ensure timely submission of RBI data and other regulatory requirements. Carry out additional assignments such as process reviews, thematic audits, checklist reviews, and special audits.
5. Examine developments in credit-related areas and provide updates to the Team Lead Audit to support assurance on regulatory and other control requirements of the organisation.
6. Provide suggestions to line management for improvement in existing processes and systems