Head - Credit Audit (Retail Assets)

2 days ago

Mumbai, Maharashtra, India Forward Full time ₹ 20,00,000 - ₹ 25,00,000 per year

Role & responsibilities

Development of Audit Strategy and Plan

  • Develop strategies for identification and assessment of Credit risk and the risks arising from Credit Lifecycle Processes such as regulatory compliance risk, financial risk, operational risk arising from Credit portfolio and Credit lifecycle processes across the diverse lines of business/customer segments/products/channels, scale of operations and complexities of the business/segments/products/channels and current maturity level of controls of each LOB
  • Develop the Credit Audit plan covering various lines of business/segments/products/channels and processes, based on risk assessment and regulatory framework; ensure use of advanced integrated auditing concepts and extensive use of technology and data analysis for achievement of the audit objectives in line with the organizations strategy and objectives, applicable regulatory guidelines and audit policy & procedures
  • Set up and develop specialised team for conducting credit audits including the complex and specialised reviews covering various lines of businesses/segments/products/channels including digital lending, credit monitoring, pre and post sanction and disbursement processes

Execution of Audit Strategy and Plan

  • Effective management and execution of the audit plan for proactive identification and remediation of Credit risk and the related risks such as regulatory, financial, operational risks.
  • Conduct credit audits of new as well as existing lines of businesses / products aligned with the nature and complexity of the business to provide independent and objective assurance on the risk management and controls
  • Conduct ~3000+ credit risk and credit process controls reviews across all lines of business in line with the nature and complexity of the business; Identify the areas requiring strengthening of controls and recommend systemic improvements for mitigating the credit risk and other risks related to the lending businesses/products/channels.
  • Conduct Credit Monitoring and Credit Administration unit review to assess the adequacy and effectiveness of the early warning and post disbursement monitoring processes and controls covering various key activities and areas such as monitoring of facility renewals, security and charge creation, collateral valuations and insurance, safekeeping of security and facility documents, post disbursement documents monitoring.

Continuous Monitoring

Communication and Stakeholder Engagement

People Management

Preferred candidate profile

Must be Post Graduate with 13+ years experience in Credit Audits from Banks / NBFC / Consulting

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