Job Requirements

About the Role

The Audit Executive for Credit Audit will be responsible for executing credit audits across the bank's Corporate Banking, SME and Business Banking portfolios. The role will cover borrower-level Loan Review Mechanism (LRM) reviews and thematic/process audits across the end-to-end credit lifecycle.

The role involves assessment of credit underwriting, sanction terms, documentation, disbursement, end-use of funds, security perfection, borrower monitoring and compliance with internal credit policies and applicable regulatory requirements. The incumbent will work closely with Business, Credit, Risk, Credit Administration and Operations teams to identify key credit and control gaps and ensure timely closure of audit observations.

Key Responsibilities

Primary Responsibilities

Assist the Audit Manager in planning, risk assessment and defining the scope of Credit Audits and Loan Review Mechanism reviews.
Execute LRM and Credit Audits covering Corporate Banking, SME and Business Banking portfolios within agreed timelines.
Review credit appraisal and underwriting, including financial analysis, repayment capacity, key credit risks, sanction terms, policy requirements and adequacy of risk mitigants.
Assess pre- and post-disbursement compliance, including documentation, security perfection, end-use of funds, covenant compliance and ongoing borrower/account monitoring.
Perform risk-based and data-driven portfolio reviews to identify high-risk borrowers, deviations, early warning signals, credit deterioration and emerging credit risks.
Prepare comprehensive audit workpapers, ensuring adequate documentation of samples selected, audit procedures performed, supporting evidence and conclusions.
Draft clear, fact-based and risk-focused audit observations and reports, discuss findings with relevant stakeholders and support finalization of audit issues.
Identify systemic and recurring credit control gaps and areas requiring continuous monitoring or exception-based review.
Present key audit findings and significant risks to the Audit Manager and senior stakeholders, as required.
Support preparation of quarterly Audit Committee / senior management presentations covering significant observations, key risks and action plans.
Follow up on open audit observations and validate the adequacy and effectiveness of corrective actions prior to closure.
Support special reviews and thematic audits relating to credit risk and lending portfolios, as required.

Secondary Responsibilities

Collaborate with Business, Credit, Risk, Credit Administration, Operations and other internal stakeholders to develop a comprehensive understanding of the lending and credit monitoring processes.
Develop and continuously strengthen subject-matter expertise across Corporate Banking, SME, Business Banking and credit risk management.
Leverage data analytics and exception reporting for identification of unusual trends and potential risk areas within lending portfolios.
Stay updated on applicable RBI regulations, prudential requirements, industry developments and emerging credit risks relevant to corporate and SME lending.
Share credit audit knowledge, key learnings and emerging risk themes within the Internal Audit team.

What We Are Looking For

Education

Graduate/Postgraduate in Commerce, Finance, Banking, Economics or related discipline.
MBA/PGDM in Finance would be preferred.
Professional qualifications such as CA, CMA, CFA, FRM

Experience

4–5 years of relevant experience in one or more of the following areas:
Credit Audit / Loan Review Mechanism (LRM)
Internal Audit of lending businesses
Credit Risk
Corporate/SME Credit Underwriting
Credit Monitoring
Prior hands-on experience in Corporate Banking, SME and/or Business Banking portfolios is preferred.
Experience in reviewing Large Corporate, Mid-Corporate, SME and Business Banking borrowers would be an advantage.
Practical exposure to credit facilities such as working capital, term loans, cash credit/overdraft, non-fund-based facilities and other corporate/SME lending products is preferred.

Skills And Attributes

Strong understanding of the end-to-end credit lifecycle, including origination, appraisal, sanction, documentation, disbursement and post-disbursement monitoring.
Ability to independently review credit appraisal/CAMs, financial statements, cash flows, account conduct and borrower performance.
Good understanding of credit risk assessment, financial analysis, working capital assessment and repayment capacity.
Understanding of sanction conditions, documentation, security creation/perfection, collateral, covenants and end-use monitoring.
Working knowledge of applicable RBI regulations and prudential requirements governing lending and credit risk.
Strong analytical skills with the ability to identify borrower-level as well as systemic credit/control risks.
Ability to use data analysis and exception-based testing for audit sampling and identification of high-risk cases.
Strong audit documentation and report-writing skills, with the ability to articulate observations in a clear, concise and risk-focused manner.
Effective communication and stakeholder-management skills for discussions with Business, Credit, Risk, Operations and senior management.
Ability to independently manage assigned audits and deliver quality outputs within defined timelines.
High level of professional integrity, attention to detail and ownership.

Audit Executive-Business Process