Credit Auditor

Job Title: SM/AVP

Functional Role: Credit Auditor

Department: Audit

Company & Location: Shivalik Small Finance Bank, Noida

Summary:

Credit Auditor will be responsible for leading and managing credit audit activities across the Bank to ensure compliance with RBI regulations, internal policies, operational standards, and risk management frameworks. The role involves conducting risk-based audits, strengthening internal controls, identifying operational and compliance gaps, and supporting the Bank in maintaining a strong governance and control environment across lending operations.

Key Responsibilities:

Strategic Planning & Risk Assessment

• Conduct periodic audits of assigned branches as per the approved audit plan and internal audit framework
• Review branch sanctioning including:
• Asset operations
• Loan documentation & disbursement
• Verify adherence to internal policies, SOPs, and RBI guidelines
• Perform process testing and sample verification to identify irregularities, asset operational lapses, and control weaknesses
• Ensure proper documentation and maintenance of audit reports in PENTANA

Compliance & Risk Assessment

• Assess effectiveness of internal controls and risk management processes at branch level

• Identify operational, financial, fraud, and compliance risks within branch activities

• Evaluate compliance with:

• RBI regulations

• Internal circulars and policies

• Audit and inspection guidelines

• AML/KYC norms

• Highlight high-risk observations and escalate critical issues promptly Ensure audits are conducted as per approved scope, timelines, and professional standards, with robust documentation and work papers

• Ensure independence and objectivity in audit execution

Reporting & Communication

• Prepare clear, accurate, and timely audit reports with detailed observations and recommendations
• Discuss audit findings with ACM and concerned stakeholders
• Provide root cause analysis and practical corrective action recommendations
• Maintain audit evidence, records, and branch-wise audit trackers

Follow-Up & Issue Monitoring

• Track closure of audit observations and pending compliance issues
• Conduct follow-up reviews to validate implementation of corrective actions
• Escalate unresolved or repeat observations to senior audit management
• Support continuous improvement in Credit processes and controls

Coordination & Stakeholder Management

• Coordinate with credit teams, asset operation, compliance teams, and operations departments during audits
• Support external auditors, concurrent auditors, and regulatory inspection teams whenever required
• Promote awareness of compliance and control practices across branches

Key Requirements (Essentials)

Educational & Professional Qualifications

• Graduate / Postgraduate in Commerce, Finance, Accounting, or Banking
• CA Inter / CMA / MBA (Finance) preferred
• Certifications such as CIA, CISA, CFE will be an added advantage

Experience

• 3 -8 years of experience in banking audit, branch operations, internal credit audit, or compliance functions
• Experience in branch banking audits, concurrent audits, operational risk reviews, or inspection functions preferred
• Exposure to retail banking operations, loan processes, and regulatory compliance requirements

Skills & Competencies

• Strong understanding of branch banking operations and RBI guidelines
• Knowledge of audit procedures, internal controls, and risk assessment techniques
• Good analytical and problem-solving skills
• Attention to detail and documentation accuracy
• Ability to identify operational gaps and compliance deviations
• Effective communication and report-writing skills
• High ethical standards, integrity, and professional scepticism