OMO-802 Credit Audit

Job Description

Job Description – Credit Audit Officer (Wholesale Banking & SME)
Job Title

Credit Audit Officer

Employment Type

Full-Time

Job Summary

We are looking for an experienced Credit Audit Officer to strengthen the Bank’s Internal Audit function by conducting Credit Audits for the Wholesale Banking and SME segments. The role involves reviewing the complete credit lifecycle—from sanction to monitoring—ensuring regulatory compliance, evaluating internal controls, preparing audit reports, and supporting improvements in credit risk management.

The ideal candidate should possess strong knowledge of banking credit processes, RBI regulations, internal audit practices, and risk-based auditing.

Key Responsibilities
Credit Audit
Conduct credit audits for Wholesale Banking and SME portfolios.
Review the complete credit lifecycle, including:
Pre-sanction appraisal
Credit sanction
Documentation
Loan disbursement
Post-disbursement monitoring
Assess compliance with internal credit policies and regulatory requirements.
Identify credit, operational, and compliance risks.
Audit Execution
Lead or participate in business credit audit assignments.
Manage and guide a team of 2–4 auditors during audit engagements.
Ensure timely commencement and completion of audit assignments.
Maintain complete and accurate audit working papers.
Audit Reporting
Prepare comprehensive audit reports within prescribed timelines.
Present audit findings, observations, and recommendations to management.
Ensure audit reports are accurate, consistent, and evidence-based.
Regulatory Compliance
Ensure compliance with RBI guidelines and internal banking regulations.
Prepare and submit:
RBI data submissions
Tranche III reports
Other regulatory reports as required.
Monitor adherence to internal credit policies and procedures.
Risk Assessment & Internal Controls
Evaluate the effectiveness of credit risk management processes.
Assess internal controls across credit operations.
Identify process gaps and recommend corrective measures.
Strengthen governance and risk mitigation practices.
Concurrent Audit Coordination
Coordinate with Concurrent Auditors.
Review concurrent audit reports for quality and completeness.
Monitor closure of concurrent audit observations.
Ensure corrective actions are implemented effectively.
Process Improvement
Conduct:
Process Reviews
Thematic Audits
Special Audits
Develop and update audit checklists for internal and concurrent audits.
Recommend improvements to credit processes, systems, and operational controls.
Advisory Support
Keep Audit Team Leads informed about developments in credit-related regulations and practices.
Provide recommendations to enhance credit governance, compliance, and operational efficiency.
Educational Qualification
Bachelor’s Degree in Commerce, Finance, Accounting, Business Administration, Economics, or a related discipline.
Professional qualifications such as CA, CMA, MBA (Finance), CIA, or equivalent are preferred.
Experience
Experience in:
Credit Audit
Internal Audit
Wholesale Banking
SME Banking
Credit Risk Management
Banking Operations
is preferred.
Required Skills
Credit Audit
Wholesale Banking
SME Banking
Internal Audit
Banking Operations
Credit Risk Assessment
Credit Appraisal
Loan Monitoring
RBI Guidelines
Regulatory Compliance
Internal Controls
Risk-Based Auditing
Concurrent Audit
Audit Planning
Audit Documentation
Audit Reporting
Process Review
Thematic Audit
Special Audit
Team Leadership
Analytical Skills
Report Writing
Microsoft Excel
Communication & Presentation Skills
Preferred Candidate Profile

The ideal candidate should:

Have strong knowledge of banking credit operations and lending processes.
Possess sound understanding of RBI regulations and internal banking policies.
Demonstrate leadership skills with experience managing audit teams.
Be capable of handling multiple audit assignments within strict timelines.
Exhibit excellent analytical, investigative, and report-writing abilities.
Maintain high standards of integrity, confidentiality, and professional ethics.
Contact Details

Contact Person: Ayushi Jain

Mobile: 8871021222

Email: Ayushijain@skillventory.com