Associate Manager - Credit Audit

The Job Holder is responsible in providing independent assessment through AVP/VP – Internal Audit to the Board Audit Committee (BAC) on the adequacy of the Bank’s Internal Controls in the auditable areas in an Audit Plan of a particular year.

The Job:

• Drive a complete risk based audit plan to cover the assigned Credit Areas of the Bank during an annual audit

• Complete all audit allocated /assigned within the year and design & construction of a comprehensive control environment & an Audit Program covering each auditable area before the commencement of the audit, also to compile CAFs

• Have a robust risk assessment process which supports a risk based audit approach to conduct the business in a more effective manner

• Finalization of audit reports for the review of AVP/VP – Internal Audit, coordinate to obtain management action plans within agreed timelines and review Management action plans if meets the risks reported

• Provide inputs & prepare Risk Assessment Process (RAP) for each auditable area in line with the credit risk matrix, by critically evaluating through nine risk categories and to review & update RAPs based on learnings from Audit

• Follow-up on audit issues in a proactive way and coordinate & obtain management action plans with agreed timelines

• Ensure sense checks and validation checks takes place based on agreed framework for all audit issues reported as completed.

• Review new systems, ICAAP, policies, PPGs, DOIs to be implemented for new processes, products, etc., upon request, from a control perspective, without impairing audit independence

• All CAFs to be verified for Key Controls

• Participate in other department discussions, meetings etc. when invited on a consultative capacity to improve control environment

Entry Requirements

The Person:

• Possess part/full qualification in Banking or Finance

• Possess total Commercial Banking experience of 8 years and out of which a minimum of 4 years working experience either in Credit related function or Credit Audit in an Internal Audit Department of a reputed Commercial Bank. Including awareness / knowledge on Impairment Provisioning

• Ability to work under strict deadlines and should have an Inquiring Mind

• Ability to critically evaluate all risks associated with the credit processes / Internal Controls

• Should have good Planning & Organizing skills  with Sound Writing Skills