Assistant Vice President - Internal Audit - Retail Lending - Bank

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