Job Title - Internal Audit (Credit Risk Models & Scorecard Based Lending)
Key Responsibilities:
- Conduct audits of Credit Scorecard models, Internal Rating models and model governance processes.
- Audit the end-to-end process of scorecard lifecycle, including model deployment, scorecard-based lending, credit scorecard.
- Assess data quality, consistency, and integrity within scorecards, Business Rule Engines (BRE), and related data pipelines, ensuring reliability of inputs and outputs across the credit decisioning framework.
- Ensure adherence to credit policies, risk appetite frameworks, and applicable RBI/NBFC guidelines.
- Perform process audits to ensure all business and operational processes comply with internal SOPs, governance frameworks, and regulatory guidelines for all Businesses/Departments
- Identify control gaps, highlight associated risks, recommend corrective actions, and monitor timely closure of audit findings.
- Prepare comprehensive audit reports with actionable insights, clearly communicating observations and recommendations to key stakeholders.
Required Skills & Competencies
- Strong understanding of Credit Risk Models, Scorecard Model frameworks, and lending analytics.
- Exposure to model governance, underwriting processes, and regulatory guidelines (RBI/NBFC norms).
- Experience in Internal Audit for lending or BFSI institutions (preferred).
Experience: 2–4 years
Location: Mumbai
Qualification: BTech/MTech/Education in Statistics/Economics/Maths
