LRM Audit/ Credit Audit

3 weeks ago


Mumbai, India IndusInd Bank Full time

Job Description:


  • 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.
  • Work Experience : 8- 15 Yrs.
  • Education : CA , MBA.
  • Location : Mumbai.



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