Team Lead - Credit Audit

Job Description

Enriching Lives Winning as ONE

ABC Company Info

Aditya Birla Capital Limited ("ABCL") is the holding company for the financial services businesses of the Aditya Birla Group. With subsidiaries/JVs that have a strong presence across Protecting, Investing and Financing solutions, ABCL is a financial solutions group that caters to the diverse needs of its customers across their life cycle. Powered by more than 38,000 employees, the businesses of ABCL have a nationwide reach with over 1300 branches, more than 2,00,000 agents/channel partners and various bank partners.

Aditya Birla Finance Limited

Aditya Birla Finance Limited (“ABFL”), a subsidiary of Aditya Birla Capital Limited, is among the leading well-diversified non-banking financial services company in India. ABFL offers customized solutions in the areas of personal finance, mortgage finance, SME finance, corporate finance, wealth management, debt capital markets and loan syndication.

What makes an ideal ABC Citizen?

At ABC, we are constantly on the lookout for individuals who resonate with our 5 core values of Speed, Passion, Integrity, Seamlessness and commitment and live them every day, while also understanding our vision. We believe in building leaders who thrive on challenges, take the onus of creating and sustaining strong teams, and forms strong networks as a result of effective relationship-building.

Role Details

Business

Aditya Birla Capital

Unit

Aditya Birla Finance Limited

Location

Mumbai

Role

Team Lead – Credit Audit

Department

Internal Audit

Eligibility Criteria

Chartered Accountant

Required Skills & Competencies

• Analytical thinking and attention to detail.
• Investigative and fraud detection skills.
• Integrity and strong ethical standards.
• Effective communication and reporting.
• Process orientation and innovative mindset.
• Networking and stakeholder management.
• Ability to conduct training and awareness sessions.
• Flexibility for travel and on-ground investigations.
• Technical proficiency in MIS and fraud systems.
  
  

Key Result Areas

Contribute in the Development of Credit Audit Strategy and Plan

• Contribute in developing the strategies for identification and assessment of Credit risk and the risks arising from Credit Lifecycle Processes such as regulatory compliance risk, financial risk, operational risk arising from Credit portfolio and Credit lifecycle processes across the diverse lines of business/customer segments/products/channels, scale of operations and complexities of the business/segments/products/channels and current maturity level of controls of each LOB
• Contribute in developing the credit audit plan based on risk assessment and regulatory framework; ensure use of advanced integrated auditing concepts and extensive use of technology and data analysis for achievement of the audit objectives in line with the organization’s strategy and objectives, applicable regulatory guidelines and audit policy & procedures
• Provide requisite guidance and coaching to team members for effective execution of complex and specialised credit audit reviews covering key Credit Risk and Credit Lifecycle Processes areas
  
  

Execution of Credit Audit Strategy and Plan

• Effective management and execution of the credit audit strategy and plan for proactive identification and remediation of control issues covering Credit risk and the related risks such as regulatory, financial, operational risks arising from Credit portfolio and Credit lifecycle processes.
• Conduct and Manage execution of the credit audits of new as well as existing lines of businesses / products aligned with the nature and complexity of the business to provide independent and objective assurance on the risk management and controls
• Conduct and Manage execution of credit audits covering ~3000+ credit risk and credit process controls across all lines of business in line with the nature and complexity of the business; Identify the areas requiring strengthening of controls and recommend systemic improvements for mitigating the credit risk and other risks related to the lending businesses/products/channels.
• Conduct and manage various credit audit reviews including but not limited to areas such as
• Credit Monitoring and Credit Administration unit to assess the adequacy and effectiveness of the early warning and post disbursement monitoring processes and controls covering various key activities and areas such as monitoring of facility renewals, security and charge creation, collateral valuations and insurance, safekeeping of security and facility documents, post disbursement documents monitoring
• Application controls in Loan Origination System and Loan Management Systems related to automated business and operational process controls to assess effectiveness of the controls such as those related to customer onboarding, loan booking and disbursement, asset classification etc.
• Credit processes across lines of businesses, customer segments, products and channels to assess adequacy and effectiveness of controls for compliance with applicable laws and regulations such as regulations related to KYC/AML, fair practices, interest rates on advances, exposure management, income recognition, asset classification, restructuring, recovery and settlement etc.
• Analyse the concurrent credit audit findings to identify any areas/processes requiring greater focus during the risk-based credit audit reviews
• Identify opportunities for improvements to the organization policies, processes and practices based on leading industry practices and emerging risks, and provide relevant recommendations
• Contribute in the development and implementation of audit processes for adequate and effective audit coverage of various risks including Credit, Regulatory, Financial and Operational risks arising from Credit Portfolio and Credit Lifecycle
• Identify and recommend updates/changes in the audit procedures and checklists keeping pace and aligned with changes in internal policies/guidelines as well as legal/regulatory changes and evolving industry best practices to ensure the audit procedures and checklists remain current and updated
• Ensure timely completion of audit plan with quality of audits; Meet with all audit documentation and reporting requirements as per audit policy and procedures and leading best practices
  
  

Continuous Monitoring

• Contribute in developing strategies for identification of triggers / risk hotspots and execute unplanned special reviews / investigations based on various triggers/ hot spots, directives received from regulators, board committees and senior management
• Keep abreast of the emerging audit trends; identify and recommend initiatives for efficient and effective achievement of the audit objectives, and implement the audit initiates.
• Contribute in the development and implementation of an effective continuous monitoring framework for ongoing monitoring of credit and related risks arising from various business segments, products, channels, processes and units; Identify and develop ~10000+ automated test for ongoing monitoring of Credit risk and Credit Lifecycle Processes risks such as regulatory compliance risk, financial risk, operational risks across the lines of business/segments/products/channels in ABFL
  
  

Communication and Stakeholder Engagement

• Actively and proactively engage the key stakeholders for effective implementation of audit review recommendations for risk mitigations and improvement in the control environment
  
  

Learning and Development

• Continuous development of self and the team through regular learning and sharing of knowledge / best practices.
  
  

Refer the links to know more Growth & Culture at ABC: https://www.adityabirlacapital.com/careers?ref=abc-homepage

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Disclaimer

Aditya Birla Capital is committed to provide equal opportunity to all in employment and prohibits discrimination or harassment in any form on the basis of race, colour, religion, ethnicity, age, gender, disability or any other characteristic protected by law. Diversity, Equity and Inclusion (DEI) is embedded in our recruitment policies based on our business needs and candidates meeting the eligibility criteria such as qualification, skills and experience.

Important

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• Please remain vigilant of such offers and notify us here .You may also lodge a complaint with the law enforcement agencies.
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