Credit Audit Role - Banking

Credit Audit Role

Responsibilities:

- Independently conducting Credit Audit of Borrower Accounts in line with guidelines given by Reserve Bank of India on Loan Review Mechanism

- Independently reviewing credit risk in sourcing, appraisal, sanctioning, documentation, disbursement and post disbursement follow up of given accounts and suggesting areas of improvement wherever required.

- Participate in audits of various Businesses with particular emphasis on Account / Process Audits

- Conduct independent 360-degree review of loan assets to assess the asset quality and identify the early warning signals, if any, and advise opinion and actionable in a crisp analysis write up memos.

- Continuous monitoring of assigned portfolio, following trends in related industries and impact thereof on loan-assets 6. Review of End to End Process with specific attention to completeness and adequacy of business process

- Ensuring that process being reviewed is carried out as per process manual in place

- Ensuring process being carried out / account reviewed is in conformity with regulatory and supervisory framework.

- Suggesting improvements in process manual / internal bank policies

- Assist in keeping relevant processes benchmarked to Best practices with peer banks

- Devise checklists and test the Business Products along with processes / procedures to foresee pitfall and bottlenecks and further ensure same are resolved in time-bound manner.

- Provide improvement / suggestions to existing processes / systems to line managers.

- Interact and follow up with the counterparts in Business and Risk Department for timely closure of respective observations and completion of periodic top-management reports