Head - Internal Audit - Credit Audits - Bank

Head - Internal Audit - Credit Audits

Our client is a leading Bank and the position is Mumbai based reporting to the Country Head of Internal Audit

Key Objective : Primarily responsible for Credit audits of the Bank and provide support to audits of all other Business / Functions.

Key Responsibilities :

- Lead/ Oversee audits of the Credit function. Credit audits will cover customers across all segments i.e. Large Corporates, SMEs & Retail. Such audits will cover both pre and post disbursement policies & procedures.

- Manage & mentor a team of 6-8 auditors

- Oversee audit of a rapidly growing large portfolio [atleast USD 10 Billion size]

- Plan, design and implement risk based audit plans to ensure safety and soundness of the Bank.

- Participate in audits of all Businesses as a team member.

- Oversee Concurrent Audit process for Credit area.

- Ensure completion of assigned audits and documentation of work papers on time.

- Track status of issues reported.

- Keep relevant processes benchmarked to Best Practices and peer banks.

- Keep Audit Procedure Manual and checklists current and updated.

- Examine and provide comfort to Head Audit on all developments on Credit related areas so as to provide assurance on regulatory and other control requirements of the Bank. Simultaneously 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

Essential Competencies :

- Expert knowledge of Credit Policies & Procedures covering both pre & post disbursement aspects.

- Expert knowledge of bank audit procedures.

- Hands on experience of approximately 10-15 years both at operational and supervisory level.

- Possess sound product knowledge of all other areas of banking including regulatory requirements.

- Should be a clear thinker and excellent communicator

- Good team player to provide able support to Country Head- Internal Audit, should have leadership and people management skills to guide team mates, peers and auditees.

Qualifications and Relevant Experience :

- A CA (preferably rank-holder) / MBA from a reputed institute.

- 10-15 years post qualification experience in Financial Services / Audit Firm environment in a reputable organisation.

- Of the above 2-3 years should have been in Corporate Credit Audit/ Corporate Risk / Credit Admin functions

- Impeccable integrity and risk consciousness.