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 setting.

Key Responsibilities
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.
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.
Corporate Banking
Conduct audits of corporat

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