Job Description – Internal Audit | BankingPosition

Manager / Assistant Manager – Internal Audit (Banking)

Location : Mumbai

Experience : 3–8 years of relevant experience in Internal Audit / Risk & Compliance / Banking Audit, preferably with experience in Retail Assets, Retail Liabilities, Corporate Banking and/or Digital Banking.

Role Overview

We are looking for an experienced qualified to join our Internal Audit – Banking team. The candidate will be responsible for conducting risk-based internal audits of banking operations, identifying control gaps, evaluating process effectiveness, and providing practical recommendations to strengthen the overall control environment.

Key Responsibilities

1. Retail Assets
- Conduct internal audits of retail lending portfolios including Home Loans, LAP, Personal Loans, Auto Loans, Consumer Loans and other retail credit products.
- Review the complete loan lifecycle covering sourcing, credit appraisal, sanction, documentation, disbursement, monitoring and closure.
- Verify compliance with internal credit policies,



RBI guidelines and applicable regulatory requirements.
- Review KYC, CIBIL/credit assessment, income verification, collateral/security documentation and sanction conditions.
- Identify exceptions relating to documentation, underwriting, approval authority and post-disbursement monitoring.
- Review asset classification, overdue monitoring, SMA/NPA identification and recovery processes.

2. Retail Liabilities
- Conduct audits of Savings Accounts, Current Accounts, Term Deposits and other liability products.
- Review account opening, KYC/AML compliance, customer onboarding and transaction monitoring.
- Verify compliance with account opening and customer due-diligence procedures.
- Review dormant/inoperative accounts, account closure, nomination, interest calculation and charges.
- Identify operational and process-level control gaps and recommend corrective measures.

3. Corporate Banking
- Conduct audits of corporat

📌 Executive | Senior Executive (Mumbai)
🏢 Bhuta ShahLLP
📍 Mumbai