Audit Manager - Gold Loan

Rekrut India

2 - 7 years

1 - 6 Lacs

Bhubaneswar Odisha India

Posted:1 day ago| Platform: Foundit logo

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Skills Required

Gold Loan Audit Branch Audits Risk Assessment SOP Compliance KYC/AML Regulatory Compliance Vault Management

Work Mode

On-site

Job Type

Full Time

Job Description

Key Responsibilities:

Conduct regular audits at branch level focused specifically on
gold loan operations
.
Verify compliance with standard operating procedures (SOPs) on gold appraisal, vault management, disbursement, interest collection, and closure.
Monitor adherence to
RBI regulations
, KYC/AML norms, and internal compliance policies.
Perform
surprise audits
, gold purity validation, and physical safety checks of gold stock and storage infrastructure.
Identify procedural lapses, risks of fraud, or non-compliance and provide actionable recommendations.
Prepare and present
detailed audit reports
highlighting risks, observations, and corrective action plans.
Ensure
timely closure of audit observations
and maintain follow-up reports on implementation status.
Collaborate with cross-functional teams including
Risk, Operations, and Compliance
departments to strengthen internal controls.

Key Requirements:

Qualification:
Graduate (preferably in Commerce), CA Inter, or MBA in Finance.
Experience:
Minimum 46 years in gold loan audit/operations with a bank, NBFC, or gold finance company.
In-depth knowledge of
gold loan practices
, gold purity assessment, and vault security norms.
Familiarity with
regulatory frameworks
governing gold loans and financial audits.
Proficient in
MS Excel
, audit tools, and documentation/reporting systems.
Willing to travel extensively
within Odisha for field audits.

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