Audit Assistant - Concurrent audit

About the Job:

We are looking for an experienced retired Bank Manager, retired Bank Officer, or banking professional with concurrent audit experience to undertake concurrent audit assignments for a nationalised bank.

The candidate will be responsible for reviewing day-to-day banking transactions, identifying irregularities and control weaknesses, and ensuring compliance with applicable banking regulations, internal policies, and audit requirements.

Key Responsibilities

• Conduct concurrent audit of branch banking operations and transactions.
• Verify cash transactions, cash balance, vouchers and day-to-day accounting entries.
• Review advances and loan accounts, including sanction, documentation, disbursement and post-disbursement monitoring.
• Check compliance with sanction terms and delegated lending powers.
• Verify KYC/AML compliance and customer account documentation.
• Examine newly opened accounts and changes in customer/account details.
• Review clearing, remittances, NEFT/RTGS and other banking transactions.
• Verify deposits, interest calculations, charges and other operational transactions.
• Examine NPA accounts, overdue accounts, SMA accounts and recovery-related transactions.
• Check stock statements, insurance, security documents and other loan-related records, wherever applicable.
• Identify irregular transactions, control deficiencies, excess drawings, unauthorized transactions and procedural lapses.
• Review compliance with RBI guidelines, bank circulars, internal instructions and applicable statutory requirements.
• Report audit observations promptly to the concerned authority.
• Follow up on rectification/compliance of audit observations.
• Prepare periodic concurrent audit reports and exception reports.
• Maintain proper working papers and supporting documentation for audit observations.
• Coordinate with branch officials while maintaining auditor independence and professional integrity.

Desired Candidate Profile

• Retired Bank Manager / Chief Manager / Senior Bank Officer or equivalent banking professional preferred.
• Candidates with prior Concurrent Audit / Branch Audit / Credit Audit / Revenue Audit experience will be preferred.
• Strong knowledge of branch banking operations and credit processes.
• Good understanding of RBI guidelines and public sector bank procedures.
• Experience in checking loan documentation, KYC, NPA, cash, clearing and general banking operations.
• Ability to identify financial, operational and compliance irregularities.
• Good report-writing and documentation skills.
• Ability to work independently and meet reporting deadlines.
• Professional integrity, confidentiality and attention to detail are essential.

Pay: ₹15,000.00 - ₹18,000.00 per month

Benefits:

• Flexible schedule

Work Location: In person