Job Purpose

The Senior Auditor will lead audits of the Retail Liability portfolio, which includes Savings Accounts, Corporate Salary Accounts, Current Accounts, Term Deposits, Government Deposits, and other related products. The role ensures compliance with regulatory requirements, internal policies, and industry best practices, while assessing internal controls and identifying process gaps to mitigate operational, compliance, and fraud risks.

Job Responsibilities

Actionables

Audit Planning & Execution
Conduct end-to-end audits for liability products (Savings, Current, Corporate Salary, Term Deposits, Government Deposits, etc.)., including scoping, fieldwork, and reporting.
Review processes related to account opening, KYC compliance, interest calculation, charges, customer servicing and master data maintenance in Core Banking System

Risk Assessment & Control Evaluation
Identify key risks across liability operations, including fraud, operational lapses, and regulatory non-compliance.
Evaluate internal controls and recommend enhancements to strengthen risk management.

Regulatory Compliance
Ensure adherence to RBI guidelines, Banking Regulation Act, and internal compliance standards.
Validate compliance with AML/CFT norms, KYC requirements, and customer due diligence processes.




Review of master maintenance in core banking & satellite systems is in compliance with regulatory guidelines

Data Analytics & Sampling
Use data analytics tools to identify anomalies, trends, and potential risk indicators.
Perform sample testing of transactions and account records for accuracy and completeness.

Reporting & Follow-up
Prepare detailed audit reports highlighting findings, root causes, and actionable recommendations.
Track implementation of audit recommendations and report status to senior management.

Educational Qualifications

Key Skills

CA / MBA (Finance) / Certified Internal Auditor (CIA)
Robust understanding of retail liability products and related processes.
Knowledge of RBI regulations, KYC/AML norms, and banking compliance frameworks.
Proficiency in audit methodologies, risk assessment, and internal control evaluation.
Analytical skills with experience in data analysis tools.
Excellent communication and report-writing skills.
Ability to work independently and manage multiple audits simultaneously.

Experience Required
Candidates with experience in handling audits / retail liability operations would be mandatory
Work Experience 7 10 years

📌 Team Head Liability Products Mumbai
🏢 HDFC Bank
📍 Mumbai