TMB hiring for Deputy General Manager
Company :
Tamilnad Mercantile Bank Ltd (TMB)
Website :
Job Role :
Deputy General Manager
Eligibility :
Any Graduate
Experience :
Job Location :
Thoothukudi (T.N.)
Last Date :
28 Jan 2019

Company Profile:

The history of Tamilnad Mercantile Bank Ltd., the then Nadar Bank Ltd., dates back to 1921. The thought of establishing a bank under the guidance of the able Nadar business community was mooted out in the Anniversary of Nadar Mahajana Sangam held at Tuticorin in 1920. The proposal was effected soon. The bank was registered on May 11, 1921 as “The Nadar Bank Ltd”.
A group of dedicated men with shrewd acumen and sound integrity had been constituted as Board of Directors and they elected Shri M.V. Shanmugavel Nadar as Chairman on Nov 04, 1921.

Eligibility Details:

DGMs / AGMs in Public / Private Sector scheduled commercial banks.


Candidate should have an experience in Inspection and various audit department in banking sector at least for a period of 5 years.


45 years and above.

Job Responsibilities:

Participate in development and/or maintenance of customised risk assessment, audit planning, and audit testing methodologies, including development and maintenance of audit programs and tools, and audit reporting and follow-up methodologies.
Liaise with audit teams and branches for executing risk based audits.
Prepare audit reports based on reviews conducted and submit the same to the head internal audit and the board audit committee.
Facilitate the financial and operational reviews of internal control processes and computer systems across the organisation.
Conduct inspection of physical existence of security over Bank assets; verify accuracy of accounting records and reports; review the adequacy of manual and automated systems of internal control.
Undertake transaction audits of high risk and fraud - prone areas such as cash, deposits, sundry and suspense accounts, internet banking.
Devise audit checklists and test products along with processes/ procedures to foresee pitfalls and bottlenecks and ensure these are resolved.
Ensure concurrent audit program is in line with guidelines issued by RBI and IBA.
Ensure completion of assigned audits and documentation of work papers on time.
Assist in keeping audit procedure manual and checklists.
Co-ordinate Risk Based Supervision process.
Engaging auditors for conducting IS Audit and other related areas.

Pay Scale:

Consolidated pay of Rs.1,25,000/- per month.

Credit Audit and Monitoring:

Follow up / off-site surveillance on borrowal accounts comes under the preview of Credit Audit Monitoring.
Monitoring of non renewal of working capital limits.
Reporting to Management Committee of Board on monthly basis on the progress of renewals.
Monitoring of Special mentioned (SMA1 and SMA2) accounts.
Scrutiny of Post Credit Supervision Audit and Stock Audit Report.
Engaging External Auditors from our panel to conduct Stock Audit.
Scrutiny of Loan Disbursement Report (LDR) and Conditions Compliance Report (CCR).

How to Apply:

The cover containing the application with enclosures should be superscribed as "Application for the post of Deputy General Manager (Inspection/Credit Audit and Monitoring)” and it should be sent not later than 28/01/2019 to:

The General Manager,
Human Resources Development Department,
Tamilnad Mercantile Bank Ltd.
Head Office, # 57, V. E. Road, Thoothukudi 628 002.

Those who have applied earlier for our advertisement in news papers on 09/05/2018, 15/08/2018 and 31/10/2018 need not apply again.