The Audit Assistant will support the Concurrent Auditor in verifying day-to-day transactions, ensuring regulatory compliance, and identifying revenue leakages or procedural lapses. This role requires high attention to detail and a robust understanding of banking operations.
Key Responsibilities
- Transaction Verification : Conduct daily checks of cash transactions, fund transfers, and clearing entries to ensure they match bank records.
- Loan & Advance Audit : Review new loan accounts for proper documentation, collateral valuation, and adherence to the bank’s lending policy and RBI guidelines.
- KYC Compliance : Audit account opening forms to ensure Know Your Customer (KYC) and Anti-Money Laundering (AML) norms are fully met.
- Revenue Leakage Identification : Verify that the correct interest rates, processing fees, and service charges are being applied to prevent loss of income for the bank.
- Forex & Treasury Review :
Inspect foreign exchange transactions and treasury operations for compliance with FEMA (Foreign Exchange Management Act) regulations.
- Non-Performing Asset (NPA) Monitoring : Assist in identifying stressed accounts early to ensure timely classification and recovery efforts.
- Report Preparation : Draft daily and monthly audit memos highlighting irregularities, risks, or "red flag" transactions for the Senior Auditor.
Pay: ₹8,000.00 - ₹12,000.00 per month
Ability to commute/relocate:
- Andheri, Mumbai, Maharashtra: Reliably commute or willing to relocate with an employer-provided relocation package (preferred)