IDFC FIRST Bank | Audit Executive-Business Process

Primary responsibilities

• The role is responsible for supporting the transformation of the Retail Liability Branch Audit framework through the adoption of data analytics, offsite review mechanisms, and continuous monitoring of key branch controls.
• The role holder will undertake focused offsite reviews across customer onboarding, KYC, and mule-account-related controls, while contributing to initiatives aimed at improving the efficiency, effectiveness, and risk coverage of branch audits.
• The role requires close collaboration with Internal Audit teams, business units, operations, compliance, technology, analytics, and other relevant stakeholders to support the end-to-end implementation of audit transformation projects and control enhancements
• Support the transformation of the branch audit methodology by identifying audit procedures and control checks that can be transitioned from onsite verification to offsite, data-driven review.
• Evaluate existing branch audit procedures to identify opportunities for centralisation, automation, standardisation, and enhanced risk coverage.
• Assist in developing and implementing offsite monitoring for the continuous assessment of key branch risks and controls.
• Contribute to the development of risk indicators, exception reports, and data-driven triggers for identifying areas requiring targeted review.
• Audit Process Improvement and Automation.
• Support and drive initiatives aimed at improving the efficiency, effectiveness, consistency, and coverage of branch audits.
• Work with Audit Analytics and relevant technology teams to translate audit requirements into analytical tests, automated checks, dashboards, and monitoring solutions.
• Participate in requirement gathering, process mapping, test design, user acceptance testing, and implementation of audit-related enhancements.
• Prepare clear, factual, and well-supported review findings, highlighting the control gap, underlying cause, risk implication and required corrective action.
• Support focused deep-dive reviews where offsite monitoring identifies heightened or recurring risks.
• Engage with internal / external stakeholders to support audit transformation initiatives.
• Coordinate requirements, dependencies, deliverables, and implementation timelines across participating teams.
• Collaborate with internal stakeholders to leverage in-house synergies.
• Contribute to knowledge-building initiatives and team development.

Requirements

• Chartered Accountant or postgraduate degree in Finance, Banking, Business Administration, or a related discipline.
• Excellent written and verbal communication skills.
• Strong analytical, problem-solving, and critical-thinking abilities.
• Sound understanding of Retail Liability products, retail branch banking, and branch operations.
• Working knowledge of customer onboarding, KYC, AML, and branch-level control processes.

IDFC FIRST Bank Limited

IDFC FIRST Bank took its present form on 18 December 2018, when IDFC Bank and Capital First merged. IDFC Bank had been launched in November 2015 through a demerger from IDFC Limited, the infrastructure finance company set up in 1997, while Capital First brought a retail lending business built around consumers and small entrepreneurs. IDFC Limited, the former holding company, was itself merged into the bank with effect from 1 October 2024, leaving a simpler structure with no holding company and no promoter. Listed on the NSE and BSE, the bank has its corporate office at Bandra-Kurla Complex in Mumbai and its registered office in Chennai, and lends mainly to retail, rural and small-business customers.

Finance-side roles at the bank include credit managers for loans against property, rural branch lending and wholesale banking, trade finance operations staff, reconciliation and operational-risk work in wholesale banking, internal auditors (including gold-loan audit), due-diligence quality control and business finance analysis. Openings are spread over cities such as Mumbai, Navi Mumbai, Thane, New Delhi, Bengaluru, Hyderabad, Ahmedabad, Jaipur and Lucknow. Many postings accept a graduate or postgraduate in any discipline, often a B.Com, BMS or BBI, while several credit and finance roles ask for a CA or an MBA in Finance, or list CA, CFA or ICWA as preferred.

• Industry: Banking: retail, rural and MSME lending, deposits, wealth management, and wholesale and trade banking
• Headquarters: Mumbai, India (corporate office at Bandra-Kurla Complex); registered office in Chennai
• In India: IDFC FIRST Bank Limited, listed on the NSE and BSE, with its corporate office in Mumbai, its registered office in Chennai and branches across India