Team Member - Retail Asset Audit

Role: Retail Asset Auditor

Location: Kurla, Mumbai

JOB OVERVIEW:

The incumbent will independently lead risk-based audits of retail asset and lending portfolios, focusing on credit processes, controls, and risk governance. The role involves evaluating pre- and post-disbursement controls, EWS frameworks, and regulatory adherence. The individual will own audit planning, execution, reporting, and closure. It also supports special audits and investigations mandated by senior management, the Audit Committee, and regulators.

QUALIFICATION: Chartered Accountant (Mandatory)

EXPERIENCE:

1. Strong familiarity with Companies Act, RBI / NHB and other regulatory requirements.
2. Significant experience in developing, testing, and assessing internal controls.
3. Strong analytical skill with knowledge and understanding of the HFC, NBFC and Banking systems, internal control, and reporting processes.
4. 3+ years of total work experience in internal audit and risk management of NBFC/ HFC/ Banking, and reputed audit firms.
5. Preferred to have candidates from retail asset internal audit background who has managed central and branch audits.

KEY RESPONSIBILITIES:

• Experience in undertaking audit for retail asset products and performing audits for retail lending business as per the risk-based audit plan.
• Conducting independent assessment, identifying associated risks and mitigants, financial analysis and identify miss outs.
• Review documentation of pre- and post-disbursement conditions and monitoring practices and controls.
• Assess the Early Warning Signal (EWS) identification mechanism and its effectiveness.
• Identify potential weaknesses in risk evaluation, monitoring and overall related processes, and recommend appropriate corrective actions.
• Review adherence to internal processes as well as regulatory guidelines.
• Assesses and make appropriate recommendations to improve the governance processes on business decision making, risk management and control; promote appropriate ethics and values within the organisation and ensure effective performance management and staff accountability.
• Undertake audits, special investigations or reviews at the request of Audit Committee of Board (ACB), Senior Management or Regulators.
• Prepare Business Understanding Document and Audit Checklist ensuring adequate audit scope coverage.
• Reviewing of the audits conducted along with Audit Findings and Discussion/Closure of the same with auditee.
• Preparation of audit reports with adequate documentation and post-report activities and closure of the audits in system.

Piramal is an equal opportunity employer. Qualified applicants will be considered without regard to age, gender, marital status, sexual orientation, gender identity or expression, disability, or religion.