SVP/VP Internal Audit (SME / Wholesale Banking)

Location: Mumbai

Reporting: Head of Internal Audit
About the role:
The bank is looking for a SVP/VP – Internal Audit (SME / Wholesale Banking) to
oversee and execute the internal audit function for SME and wholesale banking
operations. The ideal candidate should have 14-20 years of banking audit
experience, ensuring compliance with regulatory frameworks, risk assessment, and
process improvement across SME and WSB portfolios. This role will report to the
Head of Internal Audit and play a key role in driving audit excellence.

Responsibilities:
1. Develop and implement the internal audit plan for SME and wholesale
banking, ensuring alignment with RBI regulations and internal policies.
2. Conduct risk-based audits of credit underwriting, loan disbursement,
trade finance, working capital loans, and SME/WSB lending portfolios.
3. Evaluate fund-raising activities, debt issuances, and capital market
transactions to ensure compliance with regulatory and risk frameworks.
4. Identify control weaknesses, assess risks, and recommend corrective
measures to enhance operational efficiency.
5. Prepare and present audit findings to senior management and the Head of
Internal Audit, ensuring timely resolution of issues.
6. Strengthen risk management frameworks by implementing robust
monitoring and internal control mechanisms.

7. Lead a team of internal auditors, guiding them on audit execution,
methodology, and reporting.
8. Collaborate with regulators, risk, finance, and business teams to address
audit observations and ensure compliance.

Core Competencies:
• 14-20 years of banking experience, with a strong focus on internal audit
for SME and wholesale banking.
• Deep expertise in credit risk, trade finance, loan portfolios, fund-raising
mechanisms, regulatory compliance, and internal controls.
• Strong knowledge of RBI regulations, risk management frameworks, and
audit methodologies.
• Proven ability to lead audit teams, drive strategic initiatives, and enhance
internal control mechanisms.
• Professional qualifications like CA, CIA, CISA, or FRM will be an advantage.

This is a leadership role, suitable for an experienced internal audit professional
looking to drive and strengthen SME/WSB audit functions while working closely
with the Head of Internal Audit.