Audit Manager - Credit Cards

Key Responsibilities:

Audit Planning:

- Develop and execute audit plans for credit card processes.

- Ensure audits are conducted timely and according to the plan.

Independent Review/Audit:

- Review the entire credit card lifecycle from sourcing to collections.

- Audit underwriting processes to ensure adherence to credit policies.

- Assess operations, product offerings, pricing strategies, and credit risk models.

- Analyze analytics functions and their alignment with industry benchmarks.

Compliance and Regulatory Review:

- Verify compliance with internal policies and regulatory requirements.

- Assess documentation adequacy and adherence to sanction processes.

- Review credit risk assessments and follow-up procedures.

- Identify early warning signals and recommend corrective actions.

Reporting and Escalation:

- Prepare audit reports based on findings and discuss issues with stakeholders.

- Escalate critical audit findings to relevant stakeholders.

- Ensure reports are submitted within specified timelines.

Follow-up and Closure:

- Follow up on corrective actions post-audit report issuance.

- Ensure timely closure of audit findings.

Ad Hoc Audits:

- Assist in conducting ad hoc audits as required by management.

Skills and Competencies:

- Audit Expertise: Strong understanding of audit principles, methodologies, and practices related to credit card operations.

- Analytical Skills: Ability to analyze key performance indicators and trends, identifying deviations and areas for improvement.

- Regulatory Knowledge: Knowledge of regulatory requirements governing credit card operations.

- Communication: Effective communication skills to discuss audit findings with stakeholders and management.

- Attention to Detail: Thoroughness in reviewing processes, documentation, and identifying irregularities.

- Project Management: Ability to manage audit timelines and priorities effectively.