Auditor

Job Overview

This role involves conducting thorough audits of corporate credit evaluations, ensuring adherence to banking policies, and identifying risks within loan portfolios at YES BANK. The auditor will evaluate credit quality, compliance, documentation, and portfolio performance to support risk management and decision-making.

Key Responsibilities

• Assess the robustness of credit appraisals including financial analyses and cash flow forecasts for wholesale borrowers.
• Ensure compliance with Corporate Credit Policies, risk appetite frameworks, and central bank exposure norms.
• Evaluate industry-related risk assessments, financial covenants, and macroeconomic variables used during credit appraisals.
• Examine credit committee memos, deviations from approvals, and justification for pricing or structural exceptions.
• Audit security interests, such as charges on fixed assets, hypothecation of current assets, and guarantees.
• Verify pre-disbursement conditions, including legal vetting, property valuations, and title searches for validity and currency.
• Analyze complex facility documents relating to consortium lending, multi-banking facilities, and project finance.
• Assess effectiveness of early warning signals and audit mechanisms for stock and book debts.
• Review account behaviors including end-use of funds, limit renewals, and compliance with financial covenants.
• Identify early warning signs of stressed loans, NPAs, and detect credit fraud risks.
• Audit restructuring activities, management of stressed assets, and provisioning for downgraded accounts.
• Extract and interpret credit portfolio data using risk models, SQL, or Excel to highlight high-risk portions.
• Prepare audit reports outlining evidence-based findings and operational weaknesses for senior credit and business leadership.
• Monitor resolution of audit issues and verify effective implementation of corrective measures.

Performance Indicators

• Thorough understanding of banking audit practices with tailor-made solutions for client requirements.
• Ability to manage complex assignments with a focus on transaction closure.
• Keen analytical skills, detail orientation, and impartial decision-making.
• Comprehensive knowledge of corporate loan products including Working Capital, Term Loans, Project Finance, Trade Finance, and LC/BG structures.
• Expertise in Corporate Loan Management Systems, financial modeling, and early warning tracking software.
• Strong financial statement analysis, commercial insight, and confidence in stakeholder engagement.