Job Title: Senior Auditor – Risk Audit Department: Risk Audit

Location:
Mumbai Industry: Banking / NBFC Employment Type: Full-time Role Overview: We are seeking a highly skilled and motivated professional to join our Risk Audit team as a Senior Manager/ Manager. The role involves conducting audits across key risk verticals, with a focus on credit risk governance, model risk, and regulatory compliance. The ideal candidate will bring deep domain expertise in risk management or risk audit functions within a Bank or NBFC.

Key Responsibilities
• Lead and execute audits in the areas of:
- Credit Risk Governance
- Expected Credit Loss (ECL) frameworks
- Internal Rating Based (IRB) Approach
- Borrower Rating Models
- Credit Risk Assessment and Monitoring Models
- Market Risk Models
- Asset-Liability Management (ALM) Behavioural Models
- AI/ML Models used in Risk Management
• Evaluate model development, validation, and governance practices.
• Assess compliance with internal policies and regulatory guidelines (RBI, Basel norms).




• Prepare detailed audit reports with actionable insights and risk mitigation recommendations.
• Collaborate with stakeholders across Risk, Compliance, and Business teams. Candidate Profile:
• Solid experience in Risk Management or Risk Audit functions in a Bank or NBFC.
• Strong understanding of credit and market risk concepts, model risk governance, and regulatory frameworks.
• Exposure to model validation, stress testing, and risk analytics is preferred.
• Familiarity with RBI guidelines, Basel III norms, and ICAAP processes.
• Excellent analytical, communication, and report-writing skills.
• Ability to work independently and manage multiple audits simultaneously. Preferred

Qualifications:
• Certifications such as CA, FRM, CFA, or PRM will be an added advantage.
• Postgraduate in Finance, Risk Management, Statistics, or related field.

📌 Senior Auditor (Mumbai)
🏢 HDFC Bank
📍 Mumbai