Wholesale Banking Credit Audit

Location: Mumbai

About the Role:

We are looking for an experienced Credit Audit professional to lead and execute audit assignments within the Wholesale Banking portfolio. The role involves conducting risk-based credit audits across working capital, term loan, and trade finance products, while evaluating the effectiveness of credit underwriting, monitoring frameworks, and regulatory compliance processes.

The incumbent will play a critical role in identifying control gaps, strengthening credit governance practices, and ensuring adherence to internal policies and regulatory standards. The role requires strong analytical capabilities, stakeholder management skills, and a sound understanding of wholesale banking operations and credit risk management.

Key Responsibilities:

Credit Audit & Risk Assessment

Conduct risk-based credit audits across wholesale banking portfolios including:

- Working Capital Facilities

- Term Loans

- Trade Finance Products

- Evaluate the adequacy and effectiveness of credit appraisal, underwriting, sanctioning, and monitoring processes.

- Review credit due diligence processes, documentation standards, and compliance with post-sanction conditions.

- Assess adherence to internal credit policies, regulatory guidelines, and risk management frameworks.

Identify gaps and weaknesses in:

- Credit risk assessment

- Credit monitoring

- Documentation controls

- Portfolio management processes

- Recommend corrective and preventive actions to strengthen internal controls and governance.

Financial Analysis & Credit Evaluation:

- Perform independent financial analysis of borrower entities to assess quality and robustness of credit evaluation.

- Review financial spreads, cash flow assessments, ratio analysis, and risk indicators.

- Identify gaps or inconsistencies in credit assessment notes and underwriting decisions.

- Evaluate borrower performance, repayment capacity, and covenant compliance.

Audit Planning & Execution:

- Prepare Business Understanding Documents (BUD) and detailed audit checklists ensuring comprehensive scope coverage.

- Finalize audit sampling methodology based on risk assessment parameters.

- Execute end-to-end audit assignments within defined timelines and quality standards.

- Maintain adequate audit documentation and working papers.

- Audit Reporting & Stakeholder Management

- Discuss audit observations with business and credit teams to obtain factual accuracy and closure.

- Prepare detailed audit reports highlighting:

Key risks:

- Control deficiencies

- Process gaps

- Actionable recommendations

- Track closure of audit observations and monitor implementation of corrective actions.

- Collaborate with internal stakeholders to strengthen risk and control frameworks.

Team Leadership & Governance:

- Guide and support junior audit team members during audit execution.

- Ensure consistency in audit quality, methodology, and reporting standards.

- Contribute to continuous improvement of audit processes, risk assessment frameworks, and governance practices.

Desired Candidate Profile:

- CA / MBA qualification preferred.

Strong experience in:

- Credit Audit

- Credit Risk Assessment

- Credit Underwriting

- Wholesale Banking Audit

Hands-on exposure to:

- Working Capital products

- Term Loans

- Trade Finance products

Sound understanding of:

- Corporate credit analysis

- Financial statement analysis

- Lending operations

- Banking regulations

- Internal control frameworks

- Experience in risk-based audit methodology and regulatory compliance reviews.

- Strong analytical, communication, and stakeholder management skills.

- Team handling and leadership experience preferred.

- High ownership mindset with strong attention to detail and execution capability.