J&K Bank Recruitment 2024: Apply for Credit Auditor Posts with Salary up to ₹30,000/Month

Organization: Jammu & Kashmir Bank
Post Name: Credit Auditor
Total Vacancies: To be announced
Application Start Date: August 21, 2024
Application Last Date: September 4, 2024
Salary: ₹30,000 per month

Jammu & Kashmir Bank has announced fresh recruitment for the position of Credit Auditors on a contractual basis. The bank invites online applications from retired officers of J&K Bank and other Public Sector Banks (PSUs) for engagement from October 1, 2024, to September 30, 2025. This is an excellent opportunity for experienced banking professionals to contribute their expertise across various states and Union Territories in India.

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Important Dates

• Application Start Date: August 21, 2024
• Application End Date: September 4, 2024
• Last Date for Hard Copy Submission: September 7, 2024
• Engagement Period: October 1, 2024, to September 30, 2025

Candidates are advised to apply well before the last date to avoid any last-minute hassles.

Eligibility Criteria

For Retired J&K Bank Officers

1. Retirement Status:

• Should have retired honorably through superannuation or Voluntary Retirement Scheme (VRS).
• Must not have any major or minor penalties or charges during their service.

1. Experience:

• Minimum of 15 years of service as an officer in the bank with a satisfactory track record.
• At least 3 years of experience in high-value credit, project finance, consortium lending, foreign exchange portfolio, or as a Credit Auditor.

1. Age Limit:

• Must not exceed 65 years of age as of September 1, 2024.

1. Medical Fitness:

• Should be medically fit to perform audit duties (a certificate from a registered medical practitioner is required).
• Must be able to travel to various branches and locations as needed.

1. Computer Proficiency:

• Adequate knowledge of computers and the ability to handle online audit reports.
• Familiarity with Finacle Core Banking Solution (CBS) is mandatory.

For Retired Officers of Other PSU Banks

1. Retirement Status:

• Should have retired honorably through superannuation or VRS without any disciplinary actions.
• A certificate from the Human Resource Department of their respective banks confirming the clean service record is required.

1. Experience:

• Minimum of 15 years of service as an officer with a satisfactory track record.
• At least 3 years of experience in high-value credit, project finance, consortium lending, or as a Credit Auditor.
• Experience in credit, forex, audit, or inspection portfolios at branch or controlling office levels.

1. Age Limit:

• Must not exceed 65 years of age as of September 1, 2024.

1. Medical Fitness:

• Should be medically fit to perform audit duties (a certificate from an MBBS doctor is required).
• Must be able to travel as required for audit assignments.

1. Computer Proficiency:

• Adequate knowledge of computers and capability to handle online audit reports.
• Familiarity with Core Banking Solutions and other banking software applications.

1. Additional Requirements:

• Should possess analytical skills and aptitude for audit assignments.
• High sense of responsibility and ability to motivate others.
• No involvement in any investigations or FIRs by internal or external agencies.

Application Process

Steps to Apply Online

1. Visit the Official Website:

• Go to J&K Bank Official Website.

1. Navigate to Careers Section:

• Click on the ‘Careers’ tab and select the relevant notification for Credit Auditor recruitment.

1. Fill Out the Online Application Form:

• Complete the application form with accurate personal, educational, and professional details.
• Upload the required documents, including service certificates, experience certificates, medical fitness certificate, and proof of age.

1. Submit the Application:

• Review all details carefully before submitting the application online by September 4, 2024.

1. Send Hard Copies:

• Download and print the completed application form along with duly filled annexures.
• Send the hard copies to the following address by September 7, 2024: Deputy General Manager, S, C and Audit Division, J&K Bank Corporate Headquarters, M.A. Road, Srinagar - 190001

1. Secrecy Bond:

• Submit a secrecy bond on a ₹100/- Non-Judicial Stamp Paper, duly signed, ensuring confidentiality of bank information.

Note: Incomplete applications or those received after the due date will not be considered. The bank reserves the right to reject any application without providing reasons.

Roles and Responsibilities

As a Credit Auditor at J&K Bank, the selected candidates will be responsible for:

1. Conducting Comprehensive Audits:

• Perform detailed audits of credit portfolios across various branches and Loan Care Units (LCUs).
• Ensure adherence to the bank’s credit policies and regulatory guidelines.

1. Identifying and Reporting Irregularities:

• Detect violations or deviations from prescribed procedures and promptly report major issues to the bank’s management.
• Submit ‘Flash Reports’ for serious irregularities without delay.

1. Maintaining Confidentiality:

• Safeguard sensitive customer and bank information obtained during audits.
• Adhere strictly to the bank’s confidentiality and data protection policies.

1. Timely Submission of Reports:

• Prepare and submit comprehensive audit reports within stipulated timeframes.
• Ensure reports are thorough, accurate, and comply with the bank’s standards.

1. Compliance and Ethics:

• Uphold the highest standards of integrity and professionalism during all audit activities.
• Avoid any conflicts of interest and report any ethical concerns immediately.

1. Utilizing Technology:

• Efficiently use banking software and online systems for conducting audits and reporting.
• Stay updated with the latest auditing tools and technologies.

1. Collaboration and Communication:

• Work closely with branch officials and other stakeholders to facilitate effective audit processes.
• Provide recommendations for process improvements and risk mitigation.

Terms and Conditions

1. Non-Transferability:

• Audit assignments must be conducted personally and cannot be delegated or subcontracted.

1. Confidentiality Agreement:

• Auditors must sign a secrecy bond and ensure all information accessed is kept confidential.

1. Right to Termination:

• The bank reserves the right to terminate the engagement at any time without prior notice or reason.

1. Fee Structure:

• A fixed consolidated fee of ₹30,000 per month will be provided.
• No additional allowances, reimbursements, or claims are applicable.

1. Performance Standards:

• Auditors are expected to maintain high-quality performance and adhere to all guidelines and policies.
• Unsatisfactory performance may lead to termination of the contract.

1. Use of Electronic Devices:

• Carrying mass storage devices like pen drives or laptops inside branch premises is prohibited unless explicitly permitted.

1. Additional Assignments:

• Auditors should not undertake any other activities or assignments on behalf of the branch without written consent from the S, C & Audit Division, Corporate Headquarters.

1. Medical Fitness:

• Auditors must maintain medical fitness throughout the engagement period and may be required to provide fitness certificates when requested.

1. Notice Period:

• In case of resignation, a one-month notice period is mandatory, ensuring all assigned audits are completed and reports are submitted.

Removal and Disqualification Criteria

An auditor may be removed or disqualified under the following circumstances:

1. Misrepresentation:

• Providing false information or concealing material facts during the application process.

1. Confidentiality Breach:

• Violating the terms of the non-disclosure agreement or compromising sensitive information.

1. Performance Issues:

• Failing to conduct audits as per prescribed guidelines or submitting substandard reports.

1. Unprofessional Conduct:

• Refusal to undertake assigned audits, delays without justification, or engaging in unethical practices.

1. Legal Issues:

• Involvement in any criminal activities or ongoing investigations by government agencies.

1. Health Concerns:

• Inability to perform duties due to medical reasons without appropriate disclosures.

1. Violation of Policies:

• Non-compliance with bank policies, misuse of authority, or engaging in activities detrimental to the bank’s interests.

Note: The bank’s decision regarding removal or disqualification will be final and binding.

Important Links

• Official Notification: Download Here
• Apply Online: Click Here
• J&K Bank Official Website: www.jkbank.com
• Contact Information:
• Address: J&K Bank Corporate Headquarters, M.A. Road, Srinagar – 190001
• Phone: +91-XXXXXXXXXX
• Email: hr@jkbank.com

Candidates are encouraged to read the official notification thoroughly before applying and ensure they meet all eligibility criteria.

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Notification and Eligibility : Click here

To Apply : Click here

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