Job Description:

Central Retail Asset Auditor

Department: Internal Audit
Location: Mumbai
Experience: 3–8 Years
Qualification: Chartered Accountant (CA) – Mandatory
Industry: NBFC / HFC / Banking

Job Summary

We are looking for an experienced Central Retail Asset Auditor to join the Internal Audit team. The ideal candidate will be responsible for conducting risk-based audits of retail lending operations, evaluating internal controls, identifying potential risks, ensuring regulatory compliance, and recommending corrective actions to strengthen business processes.

Key Responsibilities

• Conduct audits of retail asset products and retail lending businesses in accordance with the risk-based audit plan.
• Perform independent risk assessments, financial analysis, and identify process gaps and control weaknesses.
• Review pre-disbursement and post-disbursement documentation, conditions, monitoring practices, and controls.
• Evaluate the effectiveness of Early Warning Signal (EWS) identification mechanisms.
• Identify gaps in risk assessment, monitoring, and operational processes and recommend corrective measures.
• Ensure compliance with internal policies, procedures, and applicable regulatory guidelines.
• Assess governance processes, business decision-making, risk management frameworks, and internal controls.
• Conduct special audits, investigations, and reviews as required by senior management or regulatory authorities.
• Prepare Business Understanding Documents (BUD) and audit checklists to ensure comprehensive audit coverage.
• Review audit work performed by team members, validate audit findings, and discuss observations with relevant stakeholders.
• Prepare detailed audit reports, maintain proper documentation, and ensure timely closure of audit observations.

Required Qualifications & Skills

• Chartered Accountant (CA) qualification is mandatory.
• 3–8 years of relevant experience in Internal Audit and Risk Management within NBFCs, HFCs, banking institutions, or reputed audit firms.
• Experience in Retail Asset Internal Audit, including Central and Branch Audits, will be preferred.
• Strong knowledge of the Companies Act, RBI guidelines, NHB regulations, and other applicable regulatory requirements.
• Hands-on experience in developing, testing, and evaluating internal controls.
• Strong understanding of retail lending, credit underwriting, risk management, and banking/NBFC operations.
• Excellent analytical, problem-solving, communication, and report-writing skills.