HDFC Bank Job 2024: Manager Audit & Regulatory Compliance - Credit Risk – Mumbai
Are you looking for an exciting and challenging job opportunity in the field of audit and regulatory compliance? HDFC Bank is offering a prestigious Manager Audit & Regulatory Compliance - Credit Risk position in Mumbai. This is an excellent opportunity for experienced professionals with a strong background in credit risk, regulatory compliance, and audit functions within a financial institution or bank. If you have 10 to 15 years of experience and are a Chartered Accountant, this job could be the perfect step forward in your career.
Job Overview:
The Manager Audit & Regulatory Compliance - Credit Risk role at HDFC Bank in Mumbai offers a fantastic opportunity for individuals with extensive experience in credit risk management, regulatory reporting, and audit compliance. As part of the audit and regulatory compliance team, you will play a key role in developing models for estimating loan loss, working on regulatory reporting, and ensuring the bank’s compliance with IFRS 9 and Indian Accounting Standards (IndAS). If you're a Chartered Accountant with expertise in credit risk and a passion for financial regulations, this job 2024 could be the ideal role for you.
Key Responsibilities:
As a Manager Audit & Regulatory Compliance - Credit Risk, your key responsibilities will include:
Developing Credit Risk Models and Tools: You will assist in developing models and tools to estimate collectability, loan loss, and loss given default (LGD) under Indian Accounting Standards (IndAS). These models will be crucial in assessing the credit risk for the bank and ensuring accurate financial reporting.
Handling NPA/Provisioning: You will manage assignments related to the computation of NPA (Non-Performing Assets) and provisioning. Your expertise will help the bank meet regulatory requirements related to NPA and ensure that appropriate provisions are made in line with industry standards.
Regulatory Reporting: A core part of the role will involve regulatory reporting to entities like NHB (National Housing Bank) and RBI (Reserve Bank of India). You will interpret RBI and NHB circulars, work on regulatory reports, and ensure compliance with the latest regulations set by these authorities.
Coordinating with IT for System Automation: You will collaborate with the IT team to develop modules and systems that automate the computation of Expected Credit Loss (ECL), Loss Given Default (LGD), and Probability of Default (PD) as per Indian Accounting Standard 109. This automation will streamline processes and ensure greater accuracy in credit risk assessments.
Internal Controls and Auditing: The role will require you to coordinate with various internal departments and internal auditors to conduct internal control assessments and audit testing. You will ensure that the internal controls are robust, compliant, and up-to-date with regulatory standards.
Qualifications and Skills:
To qualify for the Manager Audit & Regulatory Compliance - Credit Risk position, the ideal candidate should meet the following requirements:
Educational Qualification: A Chartered Accountant (CA) degree is mandatory. This qualification ensures you have the technical knowledge required to handle complex credit risk and compliance tasks.
Work Experience: Candidates should have 10 to 15 years of experience working in the Credit Risk function of a financial institution or bank. Experience in handling ECL related matters under IFRS 9, regulatory reporting to NHB/RBI, and interacting with statutory auditors and regulators is highly desirable.
Skills: The role requires a strong understanding of credit risk models, regulatory compliance, and IFRS. Excellent communication skills, proficiency in Indian Accounting Standards (IndAS), and experience in handling audit functions are essential.
Job Location:
This exciting opportunity is based in Mumbai, one of the financial hubs of India. Mumbai offers a dynamic professional environment, excellent networking opportunities, and a high standard of living, making it the perfect location for your next big job 2024.
Why Apply for This Job?
This Manager Audit & Regulatory Compliance - Credit Risk role with HDFC Bank provides an excellent platform for professionals looking to advance their career in the financial sector. You will be working with an industry leader, managing complex regulatory reporting tasks, and developing key credit risk models to ensure the bank's compliance with the highest standards of financial regulation.
Joining HDFC Bank in this senior role will give you the opportunity to influence decision-making, contribute to strategic initiatives, and play a vital part in ensuring the bank’s growth and stability. If you are a Chartered Accountant with significant experience in credit risk management and regulatory compliance, this could be the perfect opportunity for you.
Key Takeaways:
- Position: Manager Audit & Regulatory Compliance - Credit Risk
- Experience: 10 to 15 years of experience in credit risk and regulatory compliance
- Qualifications: Chartered Accountant (CA) with a strong academic record
- Location: Mumbai
- Skills: Expertise in ECL, IFRS 9, Indian Accounting Standards (IndAS), regulatory reporting, and audit functions
- Job 2024: A fantastic opportunity with HDFC Bank in Mumbai
If you're a Chartered Accountant with a deep understanding of credit risk and regulatory compliance, apply today for this job 2024 and take your career to the next level with HDFC Bank.
