Senior Internal Auditor
HDFC Bank · Posted Oct 8
Commercial banking, retail banking, credit card, loan, and treasury services
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About the role
The role sits within the Bank's Internal Audit function covering the Retail Liabilities Product portfolio, executing risk-based audits and thematic reviews and providing independent assurance on product governance, regulatory compliance, customer conduct, risk management, pricing and fee governance, and product lifecycle controls. The team works across Product, Business, Operations, Compliance, Risk Management, Finance, and Technology, and the position is responsible for audit fieldwork, control testing, issue identification, root-cause analysis, and development of high-quality audit observations.
What you will do
- Execute audits in accordance with approved audit plans, audit programmes, and Internal Audit methodology.
- Assess adequacy and effectiveness of controls governing liability products and related processes.
- Perform walkthroughs, control testing, sample reviews, and validation procedures.
- Evaluate compliance with regulatory requirements, internal policies, and governance standards.
- Ensure timely completion of assigned audit activities.
- Participate in thematic reviews covering emerging risks, customer conduct, regulatory developments, product governance, and recurring control weaknesses.
- Analyse customer complaints, regulatory observations, incidents, audit findings, and risk indicators.
- Identify systemic risks and recurring control gaps.
- Support development of sustainable control improvement recommendations.
- Identify governance, compliance, conduct, and control deficiencies.
- Perform root-cause analysis and assess associated business, regulatory, operational, and reputational risks.
- Draft clear, concise, and evidence-based audit observations.
- Support preparation of audit reports and management discussion materials.
- Validate implementation of agreed corrective actions.
- Assess adequacy and sustainability of remediation measures.
- Review closure evidence submitted by auditees.
- Escalate delays, recurring issues, and ineffective remediation actions.
- Liaise with Product, Business, Operations, Compliance, Risk Management, Finance, and Technology teams during audit assignments.
- Obtain information, documents, and evidence required for audit testing.
- Discuss preliminary observations and clarify audit issues with stakeholders.
- Maintain effective and professional working relationships.
- Maintain complete and accurate audit workpapers.
- Ensure compliance with Internal Audit methodology and documentation standards.
- Support thematic risk assessments and data-driven audit reviews.
- Contribute to continuous improvement of audit practices and testing approaches.
Skills used in this role
What the employer is looking for
- Essential: CA / MBA (Finance) / CFA / FRM / CIA / CISA or equivalent professional qualification.
- Technical Skills: Risk-Based Auditing; Liability Products & Product Governance; Regulatory Compliance; Audit Testing & Root Cause Analysis; Audit Reporting & Data Analytics
- Behavioural Skills: Analytical Thinking; Professional Skepticism; Attention to Detail; Communication Skills; Collaboration & Teamwork
- Strong experience in Internal Audit, Risk Management, Compliance, Product Governance, Banking Operations, or related assurance functions within a bank or financial institution.
- Exposure to liability products, customer conduct risk, regulatory compliance, product governance, or risk management frameworks.
- Experience in audit execution, control testing, and observation drafting.
- Exposure to thematic reviews and audit analytics will be an advantage.
Preferred qualifications
- Preferred: CRMA / CFE / Certifications in Audit, Risk Management, Compliance, Banking Products, or Governance.
Benefits and support
- Compensation and benefits are detailed in the job posting
About HDFC Bank
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and market capitalization, offering a wide range of financial products including retail banking, wholesale banking, and treasury operations.
- Industry
- Banking
- Company size
- 211535 employees
- Founded
- August 1994
- Location
- Mumbai, Maharashtra, India
- Funding stage
- Public Company
Leadership
Sashidhar Jagdishan
Managing Director and Chief Executive Officer
Srinivasan Vaidyanathan
Chief Financial Officer
Ramesh Lakshminarayanan
Chief Information Officer
Vibhash Naik
Chief Human Resources Officer
Recent coverage
Businessworld
HDFC Bank May See Nine Senior Executives Reach Retirement Age By 2030October 6, 2026
Stock Titan
HDFC Bank Limited Reports Period-End Advances and Deposits for September 2026October 5, 2026
GlobeNewswire
HDFC Bank Shares Fall on Legal and Regulatory Scrutiny UpdatesOctober 7, 2026