Auditor

The role is responsible for conducting independent, risk-based audits of the Bank’s Retail Assets portfolio to assess the effectiveness of credit underwriting, approval, documentation, monitoring and portfolio management processes.
The role provides independent assurance on the quality of retail credit decisions, adherence to the Bank’s credit policies and regulatory requirements, effectiveness of internal controls, and identification of emerging credit risks across retail lending products. It also recommends corrective actions to strengthen the overall credit risk and control environment.
Key Responsibilities
Credit Audit & Assurance
Conduct periodic and risk-based audits of the Bank’s Retail Assets portfolio.
Independently evaluate the adequacy and effectiveness of credit underwriting, sanctioning, documentation and monitoring processes.
Assess adherence to approved credit policies, product programmes, delegation of authority and internal risk frameworks.
Review credit files and customer accounts using appropriate sampling methodologies.
Identify material deviations, control weaknesses and potential areas of credit risk.
Evaluate whether identified risks are appropriately recognised, classified, monitored and mitigated.
Retail Asset Portfolio Review
Audit Credit Processes Across Applicable Retail Lending Portfolios, Including
Home Loans / Mortgages
Loan Against Property
Personal Loans
Auto / Vehicle Loans
Education Loans
Credit Cards
Consumer Finance
Other secured and unsecured retail lending products
Assess portfolio-level indicators to identify concentration risk, underwriting trends, delinquency patterns, early warning signals and deterioration in portfolio quality.
Underwriting & Credit Decision Review
Assess the quality and consistency of underwriting decisions.
Review borrower eligibility, income assessment, repayment capacity and creditworthiness.
Evaluate adherence to product-specific underwriting parameters and approval conditions.
Review bureau reports, banking behaviour, collateral and other applicable credit assessment inputs.
Examine policy deviations and exceptions to determine whether these have been appropriately justified and approved.
Identify patterns that could indicate weaknesses in sourcing, underwriting or credit decision-making.
Credit Controls & Risk Management
Evaluate the design and operating effectiveness of controls across the retail credit lifecycle.
Review maker-checker controls and delegated lending authorities.
Assess controls relating to customer onboarding, credit assessment, documentation, disbursement and post-disbursement monitoring.
Identify process gaps that may expose the Bank to credit, operational, fraud, compliance or reputational risks.
Assess the effectiveness of Early Warning Signals and other credit monitoring mechanisms.
Regulatory & Policy Compliance
Assess compliance with applicable regulatory guidelines and internal policies governing retail credit.
Evaluate adherence to KYC/AML requirements where relevant to the credit audit scope.
Highlight regulatory or policy breaches and assess their risk implications.
Keep abreast of changes in the regulatory environment, credit policies and industry practices relevant to retail lending.
Audit Reporting & Issue Closure
Prepare clear, evidence-based audit observations and reports covering findings, root causes, risk implications and recommendations.
Assign appropriate risk significance to audit observations based on impact and control weakness.
Discuss findings with Credit, Business, Operations and Risk stakeholders.
Agree appropriate management actions and timelines for closure.
Track outstanding audit observations and independently validate remediation and closure.
Escalate significant, recurring or overdue issues to appropriate senior stakeholders.
Data Analytics & Thematic Reviews
Use portfolio data and analytics to identify unusual trends, outliers and high-risk segments.
Conduct thematic reviews across products, locations, channels or segments.
Identify systemic issues beyond individual credit files and recommend portfolio-level interventions.
Support increasing use of data-led and technology-enabled auditing within Credit Audit.
Stakeholder Management
Partner Effectively, While Maintaining Audit Independence, With
Retail Credit
Retail Assets Business
Credit Risk
Operations
Collections
Fraud Risk
Compliance
Internal Audit
Senior Management
Communicate complex credit risks and audit findings in a clear and commercially relevant manner.
Key Deliverables
Completion of assigned credit audits as per the approved audit plan.
High-quality and timely credit audit reports.
Identification of material and emerging credit risks.
Effective tracking and validation of remediation actions.
Identification of systemic and recurring control weaknesses.
Actionable recommendations that strengthen the Retail Assets credit control environment.
Timely escalation of significant credit and control concerns.
Key Skills & Competencies
Technical Competencies
Strong understanding of retail credit underwriting and credit risk management.
Knowledge of secured and unsecured retail lending products.
Understanding of the end-to-end retail credit lifecycle.
Credit appraisal and financial assessment capabilities.
Understanding of credit policies, product programmes and approval authorities.
Knowledge of portfolio monitoring, delinquency and asset-quality indicators.
Understanding of internal controls and risk-based auditing.
Ability to interpret portfolio MIS and undertake data-driven credit reviews.
Sound understanding of applicable banking and credit regulations.
Behavioural Competencies
Strong analytical and critical-thinking ability.
Independent judgement and professional scepticism.
High attention to detail.
Ability to identify root causes rather than only transactional exceptions.
Strong written and verbal communication.
Ability to challenge stakeholders constructively.
Integrity and objectivity.
Effective stakeholder management.
Ability to work independently and manage multiple audit assignments.
Education
CA / MBA Finance / CFA / FRM / CIA or other relevant professional qualification would be advantageous.
Experience
Relevant 2-8 experience in Retail Credit, Credit Risk, Credit Audit, Internal Audit or Retail Assets underwriting within a bank or financial institution.
Experience across multiple retail lending products would be preferred.
Prior exposure to credit portfolio analytics, risk assessment or regulatory reviews would be advantageous.
Role Success Measures
Success In The Role Would Be Measured Through
Quality and timeliness of audit execution.
Effectiveness in identifying significant credit and control risks.
Quality and practical relevance of audit recommendations.
Timely closure and validation of audit observations.
Reduction in repeat observations.
Effectiveness of thematic and portfolio-level risk identification.
Quality of engagement with Credit, Risk, Business and senior stakeholders.

Work arrangement
No