Auditor - Credit Risk/ICAAP & Model Risk - CA

Location: Mumbai

Experience: Minimum 5 years in relevant profile

Qualification: Chartered Accountant (CA) / Postgraduate in Commerce or Accountancy

About the Role:

We are seeking an experienced Auditor with specialized expertise in Credit Risk, ICAAP (Internal Capital Adequacy Assessment Process), Stress Testing, and Model Risk. The role involves independent evaluation of the Bank's risk management practices, regulatory compliance, governance framework, and internal controls across all risk areas.

Key Responsibilities:

- Conduct audits of Credit Risk, ICAAP, Stress Testing frameworks, and Model Risk Management processes.

- Evaluate compliance with RBI guidelines, Basel norms, and internal risk policies.

- Review adequacy and effectiveness of controls across risk identification, measurement, monitoring, and reporting.

- Assess the robustness of Stress Testing methodologies and ICAAP documentation.

- Audit credit underwriting, portfolio management, provisioning, and concentration risk controls.

- Evaluate governance and validation frameworks for risk models (PD, LGD, EAD, IFRS9, etc.).

- Identify process gaps, control weaknesses, and regulatory non-compliance; recommend improvements.

- Prepare comprehensive audit reports and present findings to senior management.

- Collaborate with risk, compliance, finance, and regulatory teams to ensure holistic coverage.

Candidate Profile:

- Minimum 5 years of relevant audit/risk experience in the Banking industry.

- Strong knowledge of Credit Risk, ICAAP, Stress Testing, and Model Risk frameworks.

- In-depth understanding of regulatory requirements (RBI, Basel III/IV, ICAAP guidelines).

- Excellent knowledge of banking operations, credit processes, and risk governance structures.

- Strong analytical, report writing, and stakeholder management skills.

Qualifications: CA / Postgraduate in Commerce or Accountancy.