Concurrent Auditor - Kolkata

Hiring for: A leading non-banking financial company (NBFC) in India, focused on providing innovative and customer-centric financial solutions across retail and corporate segments.

Role: Concurrent Auditor - Kolkata

Positions: 1

Experience: 4 to 10 years

Location(s): Kolkata

Type: On-site / Permanent

Salary: Up to INR 25 LPA

Concurrent Auditor

Location: Kolkata

Department: Internal Audit

Reporting To: SVP – Internal Audit

Role Purpose

To conduct continuous (real-time or near real-time) audit of branch/operational activities, ensuring adherence to internal policies, RBI guidelines, and regulatory frameworks applicable to NBFCs. The role focuses on identifying risks, control gaps, and process deviations on an ongoing basis.

Key Responsibilities

• Conduct concurrent audits of branch operations, loan processing, disbursement, collections, and customer onboarding.
• Verify loan documentation, KYC compliance, and credit appraisal processes.
• Review adherence to sanction terms, disbursement conditions, and end-use verification.
• Ensure compliance with RBI regulations applicable to NBFCs (including Fair Practices Code, KYC/AML norms).
• Monitor adherence to internal policies, SOPs, and delegation of authority (DOA).
• Identify regulatory breaches and escalate critical issues.
• Perform transaction testing for accuracy, authenticity, and authorization.
• Verify high-value and suspicious transactions.
• Review NPA classification, provisioning, and overdue accounts.
• Identify operational, credit, and fraud risks.
• Highlight process gaps and control weaknesses.
• Prepare audit reports with actionable recommendations.
• Detect early warning signals (EWS) of fraud or irregularities.
• Investigate deviations in loan processing or collections.
• Ensure proper documentation and reporting of fraud cases.
• Liaise with branch teams for audit observations and clarifications.
• Track closure of audit observations and ensure timely compliance.
• Support internal/external/statutory audits when required.

Key Deliverables

• Timely submission of concurrent audit reports.
• Identification and reporting of critical audit findings.
• Reduction in operational and compliance risks.
• Improved adherence to policies and regulatory norms.

Qualifications & Experience

• Education: Chartered Accountant
• Experience: 4 to 10 years in audit, preferably in NBFC/Banking sector
• Prior experience in concurrent audit / internal audit is preferred

Budget: Rs. 25 lac + annual performance bonus