Please find below the details below of the position we are hiring for-

Position - Credit Audit

Location- Thane

Company- Leading NBFC Company

Key Result Areas

Contribute in the Development of Credit Audit Strategy and Plan

- Contribute in developing the 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
- Contribute in developing the credit audit plan 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• Provide requisite guidance and coaching to team members for effective execution of complex and specialized credit audit reviews covering key Credit Risk and Credit Lifecycle Processes areas

Effective management and execution of the credit audit strategy and plan for proactive identification and remediation of control issues covering Credit risk and the related risks such as regulatory, financial, operational risks arising from Credit portfolio and Credit lifecycle processes.
- Conduct and Manage execution of the 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 and Manage execution of credit audits covering ~3000+ credit risk and credit process controls 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 and manage various credit audit reviews including but not limited to areas such as





Execution of Credit Audit Strategy and Plan

Effective management and execution of the credit audit strategy and plan for proactive identification and remediation of control issues covering Credit risk and the related risks such as regulatory, financial, operational risks arising from Credit portfolio and Credit lifecycle processes.

Conduct and Manage execution of the 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 and Manage execution of credit audits covering ~3000+ credit risk and credit process controls 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 and manage various credit audit reviews including but not limited to areas such as-Credit Monitoring and Credit Administration unit 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- Application controls in Loan Origination System and Loan Management Systems related to automated business and operational process controls to assess effectiveness of the controls such as those related to customer onboarding, loan booking and disbursement, asset classification etc.

- Credit processes across lines of businesses, customer segments,



products and channels to assess adequacy and effectiveness of controls for compliance with applicable laws and regulations such as regulations related to KYC/AML, fair practices, interest rates on advances, exposure management, income recognition, asset classification, restructuring, recovery and settlement etc.Analyse the concurrent credit audit findings to identify any areas/processes requiring greater focus during the risk-based credit audit reviews

Identify opportunities for improvements to the organization policies, processes and practices based on leading industry practices and emerging risks, and provide relevant recommendations Contribute in the development and implementation of audit processes for adequate and effective audit coverage of various risks including Credit, Regulatory, Financial and Operational risks arising from Credit Portfolio and Credit Life cycleI dentify and recommend updates/changes in the audit procedures and checklists keeping pace and aligned with changes in internal policies/guidelines as well as legal/regulatory changes and evolving industry best practices to ensure the audit procedures and checklists remain current and updated Ensure timely completion of audit plan with quality of audits; Meet with all audit documentation and reporting requirements as per audit policy and procedures and leading best practices

Continuous Monitoring

Contribute in developing strategies for identification of triggers / risk hotspots and execute unplanned special reviews / investigations based on various triggers/ hot spots, directives received from regulators, board committees and senior management

Keep abreast of the emerging audit trends; identify and recommend initiatives for productive and effective achievement of the audit objectives and implement the audit initiates.

Contribute in the development and implementation of an effective continuous monitoring framework for ongoing monitoring of credit and related risks arising from various business segments, products, channels, processes and units; Identify and develop ~10000+ automated test for ongoing monitoring of Credit risk and Credit Lifecycle Processes risks such as regulatory compliance risk, financial risk, operational risks across the lines of business/segments/products/channels in ABFL

📌 Credit Audit For Leading NBFC Company (Mumbai)
🏢 Forward
📍 Mumbai