Sr. Audit Retail Liabilities Product.
To execute risk-based audits and thematic reviews of the Bank's liability products portfolio and provide independent assurance on product governance, regulatory compliance, customer conduct, risk management, pricing and fee governance, and product lifecycle controls. The role is responsible for audit fieldwork, control testing, issue identification, root-cause analysis, and development of high-quality audit observations.

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 explicit, 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

📌 Senior Internal Auditor (Mumbai)
🏢 HDFC Bank
📍 Mumbai