Concurrent Auditor

JOB DESCRIPTION

Job Purpose / Summary:

The Auditor Concurrent Audit in Branch Banking is responsible for performing real-time

audits of the branches financial transactions and operations. The role involves verifying

compliance with internal policies, regulatory requirements, and assessing the effectiveness of

internal controls. The auditor will identify risks, discrepancies, and inefficiencies in the

branch's operations, providing timely feedback to branch management and recommending

corrective actions to mitigate risks and ensure smooth banking operations.

Concurrent Audit (Housing Finance) is responsible for performing real-time audits of

various financial and operational activities within the housing finance department. The role

involves examining loan origination processes, disbursements, collections, customer account

management, and ensuring compliance with regulatory requirements, organizational

policies, and industry best practices. The Auditor will also identify discrepancies, report

issues, and provide recommendations to enhance internal controls, mitigate risks, and ensure

operational efficiency.

The Auditor for Concurrent Audit of Small Enterprise Loans plays a key role in assessing

the loan portfolio for small enterprises by conducting real-time audits to evaluate adherence

to company policies, regulatory requirements, and risk management practices. This role

ensures that the loan disbursement, approval, and recovery processes are accurate,

compliant, and effective. The Auditor works closely with the audit team and other business

units to identify areas of improvement and mitigate potential risks.

Duties and Responsibilities:

Real-Time Auditing

Internal Controls Review

Compliance Monitoring

Transaction Verification

Risk Identification

Audit Reporting

Fraud Detection

Training & Awareness

Documentation & Record Keeping

Experience / Skillset / Certifications Required:

Educational Qualification- Bachelor's degree in Accounting, Finance, Commerce, or related

fields.

Relevant Job Experience- Minimum of 1-2 years of experience in auditing in branch banking,

risk management, or credit analysis, preferably within the banking or financial services

sector. Experience with loan documentation, financial transactions, or housing finance

operations is highly beneficial .

Skills and Competencies-Proficiency in banking software and Core Banking Systems

(CBS).Strong knowledge of MS Excel for data analysis, report preparation, and financial

reconciliation.