Audit Officer

1. Gold Inventory Audit

Conduct regular audits of gold stock (jewelry, coins, bars, etc.) at branches or central warehouses.

Verify physical gold stock against records in ERP or manual registers.

Identify discrepancies in weight, purity, or documentation.

2. Purity & Weight Verification

Use appropriate tools (karat meters, weighing scales) to verify the purity (karat value) and weight of gold items.

Ensure proper calibration and functioning of gold testing equipment.

3. Loan Gold Audit (for NBFCs/Banks)

Verify pledged gold ornaments in gold loan accounts.

Cross-check pledged item details with customer loan documents.

Ensure proper safekeeping and vaulting practices are followed.

4. Compliance & SOP Adherence

Ensure adherence to internal controls, SOPs, and regulatory guidelines (RBI norms for gold loans, if applicable).

Flag and report deviations or non-compliance at branch or corporate level.

5. Reporting & Documentation

Prepare and submit detailed audit reports with observations, risk areas, and recommendations.

Maintain digital and physical records of audits conducted.

Support statutory or external audits with required information.

6. Loss Prevention & Risk Mitigation

Identify potential areas of gold theft, pilferage, or mismanagement.

Suggest process improvements to minimize operational risks.

7. Training & Awareness

Train branch staff on best practices for gold handling, purity checking, and documentation.

Conduct periodic awareness programs to improve audit preparedness.

8. Surprise/Spot Audits

Conduct unannounced audits to test actual compliance levels.

Ensure no advance notice is given to branches/stores.

9. Coordination with Internal Teams

Liaise with operations, compliance, and risk teams to address discrepancies or improve controls.

Collaborate during gold melting, re-assaying, or settlement processes.

✅ KPIs to Measure KRA Effectiveness

Job Type: Permanent

Pay: ₹18,000.00 - ₹25,000.00 per month

Work Location: In person