15 Credit Audit Jobs

We are looking for a highly skilled and experienced Auditor to join our team at Equitas Small Finance Bank. The ideal candidate will have 14 years of experience in internal audit, preferably in the BFSI industry. Roles and Responsibility Conduct thorough audits of assets and credit portfolios to ensure compliance with regulatory requirements. Identify and assess risks associated with asset management and credit lending. Develop and implement effective audit plans to achieve business objectives. Collaborate with cross-functional teams to resolve audit findings and recommendations. Provide expert guidance on auditing standards and best practices to stakeholders. Stay updated with changes in regulations and industry trends to improve audit processes. Job Requirements Strong knowledge of auditing principles, including financial reporting and risk assessment. Experience in conducting assets and credit audits in the BFSI industry. Excellent analytical and problem-solving skills, with attention to detail. Ability to work independently and as part of a team, with strong communication skills. Familiarity with auditing software and technology, and the ability to learn new systems. Professional certification or relevant experience in auditing is preferred.

About The Role The Group Internal Audit department conducts risk based internal audit of the Bank and its subsidiaries, including international subsidiaries. The role would involve executing credit audits of various businesses under Commercial Bank/Wholesale Bank. Understanding & evaluating credit proposals independently and highlighting gaps, if any. Testing operating effectiveness of controls, identifying weaknesses therein and making recommendations to improve the control environment; preparing audit reports/presentations; etc. Gaining & sharing knowledge. Job Requirements: Good understanding of banking business processes (lending) and exposure to credit underwriting/credit audits will be preferred. Knowledge about key regulatory requirements effecting banks"™ lending businesses. Willingness to invest & qualify for the internal audit practice. Willingness to travel on job. Strong analytical skills. Good oral & written communication skills. Good interpersonal skills to engage with audit clients and audit team. Proficiency in MS office, internal core banking & other Satellite systems.

Role & responsibilities To review and process the loan application of customers generated by the Field Officers. KYC Verification, Evaluating the group loan application. Handle data requirements related to income and documentation of customers, raised by concerned stakeholders. Maintain all MIS related to operations related to income assessment, credit verification etc. Conduct tele-verification calls to clients / customers and share observations with concerned stakeholders in business. Ensure correct and timely updating of income details of customers on internal business applications. Knowledge and understanding of reading Credit Bureau (CB) reports etc. Preferred candidate profile Working knowledge of MS Office, especially MS Word, Excel, etc. Good verbal and written proficiency of regional language and Tamil/English. Good at analysis and reporting. Good Interpersonal skills Perks and benefits Medical, PF & ESIC Benfits.

Manage and execute internal audit assignments independently. Prepare Risk Based Internal Audit plan and define auditable scope Ensure compliance with ICFR (Internal Controls over Financial Reporting). Develop and maintain audit dashboards to monitor key metrics. Review of credit due diligence process, documentation, & post-sanction conditions. Conduct process mapping, identify control gaps, and build risk & control matrices. Evaluate operational efficiency and support in identifying leakages. Assess compliance with organizational policies, SOPs, and regulatory guidelines. Understanding of risk management frameworks and RBI regulations for NBFCs Collaborate and build strong relationships across various departments. Preferred: CA with 2-5 years of experience in NBFC audit.

Role & responsibilities Perform credit audit of loans disbursed to verify the process followed, completeness of documentation and accuracy of the information furnished in the Loan application forms and credit appraisal. Conduct thematic review of credit activities and perform remote analysis of data. Highlight material audit findings and adhere to the highest standards of quality and objectivity in the assigned task. Responsible for maintaining thorough documentation of the audit working papers and evidences supporting the audit findings. Report and discuss audit results with the Reporting Manager and finalize the Audit report. Present audit summaries and current status of findings on daily basis to audit manager. Prepare periodical reports and to keep track of Audit observations and the status updates. Ensure timely completion of Audit and reporting of exceptions. To conduct any special assignments if required. To exhibit the highest quality of character and ethics and level of discretion in handling confidential information. Preferred candidate profile Qualification: Inter CA / ICWAI / MBA. Experience: At least 5 to 7 years of post-qualification experience in process audit and Credit audit in auditing of Bank / NBFC. Knowledge: Risk assessment & control techniques, accounting standards, benchmarking etc. Must be capable of independently performing the audit assignments with minimal supervision. Strong verbal and written Communication skills. Must be capable of multi-tasking and have strong work prioritization skills. Proven self-management ability and adherence to strict timelines

We are looking for a highly skilled and experienced Corporate Credit Assurance Manager to join our team in Mumbai. The ideal candidate will have 5-10 years of experience in credit audit, risk management, or a related field. Roles and Responsibility Conduct audits of credit facilities to ensure compliance with company policies and regulations. Review and analyze financial statements, credit reports, and other reports to assess creditworthiness and risk. Evaluate the effectiveness of credit processes and recommend improvements. Prepare monthly draft reports based on initial review and collaborate with relevant stakeholders for satisfactory justification and ratification. Stay informed about industry trends, regulations, and best practices related to credit audit and risk management. Collaborate with Credit & CAD to ensure proper documentation and adherence to policies. Coordinate with vendors to obtain document adequacy reports, provide feedback, and offer training. Possess advanced understanding of financial parameters such as ratio analysis (Current Ratio, DSCR, ISCR, Debt Equity, LTD/NCA, quasi equity). Be proficient in Excel and PPT, and skilled in number crunching and working on MIS. Demonstrate proven experience in credit audit of corporate loans, term loans, business loans, working capital, loan against property, and financial analysis, or a related field, with a strong understanding of credit risk assessment and management. Familiarity with accounting principles, financial reporting, and auditing standards is required. Excellent analytical and problem-solving skills, with keen attention to detail, are essential. Strong communication and interpersonal skills, with the ability to work effectively with cross-functional teams, are necessary. Proficiency in financial software and tools, such as spreadsheets and databases, is expected. Ability to work independently and prioritize tasks effectively in a fast-paced environment. Knowledge of industry regulations and compliance standards related to credit auditing is preferred. Job Proven experience in credit audit, risk management, or a related field, with a strong understanding of credit risk assessment and management. Familiarity with accounting principles, financial reporting, and auditing standards. Excellent analytical and problem-solving skills, with keen attention to detail. Strong communication and interpersonal skills, with the ability to work effectively with cross-functional teams. Proficiency in financial software and tools, such as spreadsheets and databases. Ability to work independently and prioritize tasks effectively in a fast-paced environment. Knowledge of industry regulations and compliance standards related to credit auditing. Advanced understanding of financial parameters such as ratio analysis (Current Ratio, DSCR, ISCR, Debt Equity, LTD/NCA, quasi equity).

-must have experience in Internal Audit, Risk based audit, credit audit, process audit -must having relevant experience with India clients or company belongs to NBFC, Fintech, Lending, Banking, BFSI any one from these.

Role & responsibilities Assistance in preparation of Compliance Review plan to be put up to the Board. Preparation and updating of Compliance review checklists in line with the regulatory guidelines/internal policies. Undertaking field work and ensuring that the review is completed within the prescribed timelines. Preparation of Draft Compliance Review report and discuss the same with the relevant stakeholders. Obtain the responses from the stakeholders and preparation of Final Compliance Review Report. Ensure proper documentation and working papers are maintained for all the compliance reviews conducted. Preparation of Open Issue tracker for Compliance Review Reports issued. Follow up with the management towards closure of compliance review open issues. Essential competencies In depth knowledge of the regulatory environment for the banks in India particularly RBI. Good research capabilities and intelligent interpretation of regulatory guidelines. Good knowledge of all the elements (commercial, operational) of banking areas like Remittances, Loans & Advances (Retail and Corporate), etc. Good interpersonal skills. Preferred candidate profile

Sumitomo Mitsui Banking Corporation Conduct continuous credit reviews of individual borrowers on an ongoing basis, to assess the appropriateness of risk ratings of Obligor Grade and classification of Borrower’s Category for the Bank’s credit assets booked in primary India branches and other Asia Pacific branches, ensuring adherence to internal grading policies. To participate as a team member (‘Person in charge’) for assigned On-site credit reviews/audits and / or Thematic review assignments. Focuses of these reviews/audits are to assess appropriateness of risk ratings of Obligor Grade assigned including Japanese regulatory credit classification, adequacy of credit underwriting quality including financial projections, and robustness of credit risk management and processes in line with internal policy requirements. Provide value-added recommendations to Business Units (BUs) based on potential issues identified in all credit reviews. Follow-up on open issues identified and conduct validation review on remediation actions taken by auditee, in accordance with IADAP recommendations and address BUs’ concerns accordingly. Continuously monitor and update IADAP and Indian branches management on regulatory changes or market conditions for new and emerging risks in India. Continuously review and propose improvement to IADAP’s review process to ensure adequacy and efficiency of the controls in place against market practice. Participate in department-wide initiatives and perform other duties as assigned by Department Head or Head of India Audit. Travel within India and APAC region, if required Requirements Bachelor’s degree in finance / accountancy / Banking, Business Studies / Administration / Management or equivalent is preferred. 5-7 years’ experience in the areas of credit risk analysis, credit approval, and / or credit review function. Audit experience would be an added advantage. Strong background in credit risk analysis, financial analysis / projections, and experienced with credit rating models for Large Corporate customers. Experience / knowledge in Structured Real Estate finance, Project Finance, Securitization, LBO, Banks / Non-Banks Financial Institutions, natural resources, Islamic Finance would be an added advantage. Experience in Microsoft Excel, Word, Access, and Powerpoint. Added advantage for knowledge / experience in Power BI, Power Apps, and programming applications Good writing and communication skills, with ability to identify and articulate issues / observations Strong interpersonal and stakeholder management skills Ability to work well in a team as well as contribute individually within stipulated timelines. As a member of Indian onshore team in IADAP, you will provide general credit assurance by examining the credit processes, the quality of credit risk evaluation and compliance of applicable policies, laws, and regulations (both Indian local and Japanese as home country of SMBC). Working papers also need to be circulated to the IADAP located in Singapore. The scope of credit reviews is primary in the exposure booked in Indian branches, but it covers all SMBC business units in the Asia Pacific region. Credit assets to be reviewed include (but not limited to) exposures to Corporates, Banks / Non-Banks Financial Institutions, Structured Real Estate finance, Project Finance, Securitization, and Leveraged Buyout (‘LBO’) as part of the third line of defence function. As Regional Credit Reviewer, IADAP would add value and improve the bank’s credit evaluation by bringing a disciplined approach to the effectiveness of risk management, control and governance processes. You may have to travel and work closely with IADAP members, the other Credit Review Departments or other credit departments.

About The Role The Group Internal Audit department conducts risk based internal audit of the Bank and its subsidiaries, including international subsidiaries. The role would involve executing credit audits of various businesses under Commercial Bank/Wholesale Bank. Understanding & evaluating credit proposals independently and highlighting gaps, if any. Testing operating effectiveness of controls, identifying weaknesses therein and making recommendations to improve the control environment; preparing audit reports/presentations; etc. Gaining & sharing knowledge. Job Requirements: Good understanding of banking business processes (lending) and exposure to credit underwriting/credit audits will be preferred. Knowledge about key regulatory requirements effecting banks"™ lending businesses. Willingness to invest & qualify for the internal audit practice. Willingness to travel on job. Strong analytical skills. Good oral & written communication skills. Good interpersonal skills to engage with audit clients and audit team. Proficiency in MS office, internal core banking & other Satellite systems.

JOB TITLE -Manager - Credit Audit GRADE-AVP-I DEPARTMENT -Internal Audit Department SUB-DEPARTMENT-Credit Audit REPORTS TO-National Audit Manager Credit REPORTING INTO -Specialist ROLE PURPOSE & OBJECTIVE To execute internal audit of Credit function of the bank as per audit methodology/ procedures defined in Internal Audit Policy and applicable external/regulatory requirements To perform variety of audits including thematic reviews of banking products/processes, process and regulatory audits related to Credit and other departments. To coordinate with owning department for audit issue tracking and closure Support the National Manager- Credit Audit ("NM-CA") and Head of Audit (HOA) in all matters related to credit risk and execute the audit in accordance with instructions given from time to time. SIZE OF THE ROLE FINANCIAL SIZE NON-FINANCIAL SIZE Number of Process audits participate and complete at least 7 audits annually. RBS Tranche I, II and III compliances Based on audit coverage KEY DUTIES & RESPONSIBILITIES OF THE ROLE Business/ Financials Perform Loan Review Mechanism activity in accordance with guidelines on credit risk management issued by RBI. Perform the Risk based Credit audit and Inspection (wherever required) in accordance with the scope document approved by NM-CA. To plan and execute Internal Audit of Credit functions/verticals as per the Board Approved Annual Audit Plan / Management requests, To assess controls, operational efficiencies and compliance with selected policies, procedures and regulations. Perform and execute any additional audit assignment instructed by Head of Audit or HCA at the respective location of placement or other regions jointly with other Credit Audit Managers. Ensure to maintain the quality of work-papers to provide sufficient support for the assessments made. Make an effective follow up of audit issues and close to the satisfaction of audit standards. Customer (Both Internal & External) Coordination for retrieving MIS data required at Corporate office/Regions and utilizing the data in audit reports. Provide common/systemic issues identified in credit audit reports to HCA/HOA. Explore audit relevant data from internal sources to produce audit evidence for risk assessment and analytical procedures. Internal Process Effectively collaborate with other team leaders of Branch Audits, other team members at Regions and NM-CA. In-depth analysis of critical findings reported in the audit to identify the vulnerabilities in the existing processes/ systems and suggesting for changes/improvement on the controls. To review Compliance to stipulated SLA/Policies/Processes/RBI regulations based on audit scope To test the effectiveness of controls based on sampling methodology Recommend development of policies and procedures in consultation with various departments for reducing risk and operational improvements. Draft detailed Internal Audit reports, discuss with owning department and maintain related work papers To track the audit for timely closure based on appropriate implementation To test the RBI guidelines for RBS Tranches (I, II and III) Complete Quality Assurance (QAIP) in terms of IIA guidelines for Audits completed Innovation & Learning Continuous learning on RBI Circulars, IBA Circulars, Statutory department circulars, internal circulars, policies and manuals. Undertake additional certifications, trainings and mandatory programs advised by the department. To complete learning modules related to Banking products and RBI regulations in Swayam App MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS Educational Qualifications Chartered Accountancy /CA (Inter)/ Post Graduate/ CIA / CAIIB Experience(Years and Core Experience Type) 7-10 years of which 3-4 years in credit audit in retail Bank or multi product NBFC Experience in conducting Credit Audits or Credit risk assessment of retail products (Desired) Functional Skills Understanding of risk and control concepts Report writing and documentation abilities Communication and presentation skills Analytical and result oriented Skills Behavioral Skills Good interpersonal skills Internal stakeholder engagement Competencies Individual Contributor KEY INTERACTIONS INTERNAL EXTERNAL Head Internal Audit Head of Credit Risk Head of Credit Functions Vendors (Financial / Non-Financial) RBI representatives QAIP Auditors

Basic Section No. Of Openings 1 External Title Auditor Employment Type Permanent Employment Category Office Closing Date 27 May 2025 Organisational Entity Equitas Small Finance Bank Business Unit Internal Audit Division/Function (SBU) Assets & Credit Audit Department Assets & Credit Audit Sub-Department Assets & Credit Audit Generic Role Auditor External Title (Job Role) Auditor Division Assets & Credit Audit Zone South State Tamil Nadu Region Chennai Area Chennai Cluster Chennai PT Location Chennai Branch Code 9999 Branch Name Head Office Skills Skill Highest Education No data available Working Language No data available About The Role Independently conduct various types of audit (i.e. Process/Product/Thematic/Department/Management audit) assigned from time to time within the TAT. Facilitating / conducting investigation [offsite/onsite] relating to frauds, complaints of serious nature. Providing feedback to the stakeholders for plugging the control and process gaps. Ability to convey the shortcomings of serious and sensitive nature to the appropriate level of Management in a professional manner in the form of error free report within the prescribed time. To follow up with auditee units for getting rectifications, conformities and any other actionable in a time bound manner. To maintain cordial interpersonal relationships with cross-functional departments and effectively communicate with them in a timely structured manner for enhancing effectiveness and efficiency of the overall functioning.

Role & responsibilities Perform credit audit of loans disbursed to verify the process followed, completeness of documentation and accuracy of the information furnished in the Loan application forms and credit appraisal. Conduct thematic review of credit activities and perform remote analysis of data. Highlight material audit findings and adhere to the highest standards of quality and objectivity in the assigned task. Responsible for maintaining thorough documentation of the audit working papers and evidences supporting the audit findings. Report and discuss audit results with the Reporting Manager and finalize the Audit report. Present audit summaries and current status of findings on daily basis to audit manager. Prepare periodical reports and to keep track of Audit observations and the status updates. Ensure timely completion of Audit and reporting of exceptions. To conduct any special assignments if required. To exhibit the highest quality of character and ethics and level of discretion in handling confidential information. Preferred candidate profile Qualification: Inter CA / ICWAI / MBA. Experience: At least 5 to 7 years of post-qualification experience in process audit and Credit audit in auditing of Bank / NBFC. Knowledge: Risk assessment & control techniques, accounting standards, benchmarking etc. Must be capable of independently performing the audit assignments with minimal supervision. Strong verbal and written Communication skills. Must be capable of multi-tasking and have strong work prioritization skills. Proven self-management ability and adherence to strict timelines

Role & responsibilities Carrying out Inspection / RBIA of Branch / Office by visiting respective units as per schedule provided by department. Audit has to be carried out as per the extant guidelines - Branch visit, Documentation verification, Security verification, Interaction with multiple stakeholders etc., Audits like Credit Audit, IS Audit, Revenue Audit etc., as and when assigned. Any special assignment / investigation assigned have to be taken-up. Offsite Audit / monitoring assignments as allotted by the department. Skills Required Knowledge on Lending activities, documentation, monitoring in the Bank. Well-versed in guidelines issued on Asset and Liability Products. Branch Operational requirements, Compliance & Regulatory requirements. Updated knowledge on Internal and regulatory guidelines

* Conduct Bank concurrent audit of various banks and Branches * Need to go in Various Branches of Bank as per requirement * Training will be provided in case of Fresher * Commitment of min 1 Year is compulsory and 2 Month notice period required