Job Responsibilities

Actionables

Audit Execution

- Execute audits in accordance with approved audit plans, audit programmes, and Internal Audit methodology.
- Assess adequacy and effectiveness of controls governing liability products and related processes.
- Perform walkthroughs, control testing, sample reviews, and validation procedures.
- Evaluate compliance with regulatory requirements, internal policies, and governance standards.
- Ensure timely completion of assigned audit activities.

Thematic Reviews

- Participate in thematic reviews covering emerging risks, customer conduct, regulatory developments, product governance, and recurring control weaknesses.
- Analyse customer complaints, regulatory observations, incidents, audit findings, and risk indicators.
- Identify systemic risks and recurring control gaps.
- Support development of sustainable control improvement recommendations.

Audit Observations & Reporting

- Identify governance, compliance, conduct, and control deficiencies.
- Perform root-cause analysis and assess associated business, regulatory, operational, and reputational risks.
- Draft clear, concise, and evidence-based audit observations.
- Support preparation of audit reports and management discussion materials.

Issue Validation & Follow-Up

- Validate implementation of agreed corrective actions.
- Assess adequacy and sustainability of remediation measures.
- Review closure evidence submitted by auditees.
- Escalate delays, recurring issues, and ineffective remediation actions.

Stakeholder Coordination

- Liaise with Product, Business, Operations, Compliance, Risk Management, Finance, and Technology teams during audit assignments.
- Obtain information,



documents, and evidence required for audit testing.
- Discuss preliminary observations and clarify audit issues with stakeholders.
- Maintain effective and professional working relationships.

Audit Quality & Continuous Improvement

- Maintain complete and accurate audit workpapers.
- Ensure compliance with Internal Audit methodology and documentation standards.
- Support thematic risk assessments and data-driven audit reviews.
- Contribute to continuous improvement of audit practices and testing approaches.

Key Skills

Technical Skills

- Risk-Based Auditing
- Liability Products & Product Governance
- Regulatory Compliance
- Audit Testing & Root Cause Analysis
- Audit Reporting & Data Analytics

Behavioural Skills

- Analytical Thinking
- Skilled Skepticism
- Attention to Detail
- Communication Skills
- Collaboration & Teamwork

Experience Required

- Need experience in Internal Audit, Risk Management, Compliance, Product Governance, Banking Operations, or related assurance functions within a bank or financial institution.
- Exposure to liability products, customer conduct risk, regulatory compliance, product governance, or risk management frameworks.
- Experience in audit execution, control testing, and observation drafting.
- Exposure to thematic reviews and audit analytics will be an advantage.

Key Performance Indicators:

- Timely completion of assigned audit work.
- Quality of audit testing and documentation.
- Quality and relevance of audit observations.
- Identification of material risks and control gaps.
- Adherence to audit methodology and quality standards.

Effectiveness of issue validation and follow-up.

📌 Sr Auditor Internal Audit Liability Product (Mumbai)
🏢 HDFC Bank
📍 Mumbai