Verified Job
Accounting - Finance
Credit Audit
Accounting - Finance
#529082
Remote / WFH
Job Description
The purpose of the role is primarily for Credit audits of wholesale banking - Large Corporates and provide support to audits of other Business / Functions.
KEY RESPONSIBILITIES & KPIS OF THE ROLE
These responsibilities are representative, and the role holder is also responsible for any other job assigned by the superior authorities from time to time. This section in not intended to be an exhaustive listing of all activities done by the role holder. It should capture only the key responsibilities of the role.
Responsibilities
Strategy and Planning
• Assist in Planning, designing and implementation of risk-based audit plans to ensure safety and soundness of the Bank.
• Strategize and Provide improvement/ suggestions to existing process / systems to line management
Policies, Processes & Procedures
• Independently conduct Credit audits with an emphasis on Product / Operations audits
• Ensure completion of assigned audits and documentation of work papers on time.
• Track status of issues reported.
• Assist in keeping relevant processes benchmarked to Best Practices and peer banks.
• Assist in keeping Audit Procedure Manual and checklists current and updated.
• Provide oversight to the Concurrent Audit process.
-Ensure submission of concurrent audit reports on time
-Ensure regular update of concurrent audit checklists
-Ensure appropriate review of concurrent audit issues
-Ensure follow-up & rectification of concurrent audit issues
Business Liaising
• Assisting business teams in interpreting regulations and providing audit views
• Good interpersonal relationship skills to advise business teams
Risk Management & Internal Controls
• Identify & assess the key operational, regulatory, financial, informational, reputational and audit risks as well as areas where internal controls need to be established within the division
Regulatory and other Requirements
• Scheduled discussions with other members of the audit team for regular updates
• Work on regulatory requirements, reports and regulatory submissions
• Devise audit checklists for use of internal/concurrent Auditors and test products along with processes/procedures to foresee pitfall and bottlenecks and ensure these are audited/resolved.
Teamwork and Collaboration
• Champion the organization's values within the team, encouraging a collaborative and innovative work environment.
• Instill a culture of continuous development and high performance within own team
OPERATING NETWORK
Key interactions which are essential to execute the role. This will include both internal (excluding sub-ordinates) and external stakeholders.
Internal
Business Unit Spocs, CRM, Credit
ROLE PROFILE REQUIREMENTS
Minimum qualification which are essential to execute the role.
Education
Essential: CA
Preferred: Post Graduate degree/MBA
Experience
Essential: 1-2 years' experience with expert knowledge of Credit Policies & Procedures covering both pre & post disbursement aspects, Expert knowledge of bank audit procedures, Hands on experience of Credit audit/Credit Underwriting.
Preferred: Possess sound product knowledge of all other areas of banking including regulatory requirements, should be a clear thinker and excellent communicator.
Competencies
LEADERSHIP/ BEHAVIORAL COMPETENCIES
• Customer and Quality Focus
• Professional Entrepreneurship
• Drive for Results
• Influence and Impact
• Integritywork
• Inclusive and Collaborative
• Attention to Detail
• Team
KEY RESPONSIBILITIES & KPIS OF THE ROLE
These responsibilities are representative, and the role holder is also responsible for any other job assigned by the superior authorities from time to time. This section in not intended to be an exhaustive listing of all activities done by the role holder. It should capture only the key responsibilities of the role.
Responsibilities
Strategy and Planning
• Assist in Planning, designing and implementation of risk-based audit plans to ensure safety and soundness of the Bank.
• Strategize and Provide improvement/ suggestions to existing process / systems to line management
Policies, Processes & Procedures
• Independently conduct Credit audits with an emphasis on Product / Operations audits
• Ensure completion of assigned audits and documentation of work papers on time.
• Track status of issues reported.
• Assist in keeping relevant processes benchmarked to Best Practices and peer banks.
• Assist in keeping Audit Procedure Manual and checklists current and updated.
• Provide oversight to the Concurrent Audit process.
-Ensure submission of concurrent audit reports on time
-Ensure regular update of concurrent audit checklists
-Ensure appropriate review of concurrent audit issues
-Ensure follow-up & rectification of concurrent audit issues
Business Liaising
• Assisting business teams in interpreting regulations and providing audit views
• Good interpersonal relationship skills to advise business teams
Risk Management & Internal Controls
• Identify & assess the key operational, regulatory, financial, informational, reputational and audit risks as well as areas where internal controls need to be established within the division
Regulatory and other Requirements
• Scheduled discussions with other members of the audit team for regular updates
• Work on regulatory requirements, reports and regulatory submissions
• Devise audit checklists for use of internal/concurrent Auditors and test products along with processes/procedures to foresee pitfall and bottlenecks and ensure these are audited/resolved.
Teamwork and Collaboration
• Champion the organization's values within the team, encouraging a collaborative and innovative work environment.
• Instill a culture of continuous development and high performance within own team
OPERATING NETWORK
Key interactions which are essential to execute the role. This will include both internal (excluding sub-ordinates) and external stakeholders.
Internal
Business Unit Spocs, CRM, Credit
ROLE PROFILE REQUIREMENTS
Minimum qualification which are essential to execute the role.
Education
Essential: CA
Preferred: Post Graduate degree/MBA
Experience
Essential: 1-2 years' experience with expert knowledge of Credit Policies & Procedures covering both pre & post disbursement aspects, Expert knowledge of bank audit procedures, Hands on experience of Credit audit/Credit Underwriting.
Preferred: Possess sound product knowledge of all other areas of banking including regulatory requirements, should be a clear thinker and excellent communicator.
Competencies
LEADERSHIP/ BEHAVIORAL COMPETENCIES
• Customer and Quality Focus
• Professional Entrepreneurship
• Drive for Results
• Influence and Impact
• Integritywork
• Inclusive and Collaborative
• Attention to Detail
• Team
