Auditor - Gold Loan

Job Description

Role & responsibilities : Branch Audit and Compliance Conduct regular audits of gold loan branches to ensure adherence to internal policies, procedures, and regulatory requirements. Verify the physical gold stocks and assess the purity of pledged gold according to internal standards. Inventory verification Conducting the tare weight activity Verifying the branch security aspects & ensuring timely reporting if any gap is observed. Check documentation for loan disbursals, repayments, and renewals for completeness and accuracy. Ensure that Know Your Customer (KYC) and Anti-Money Laundering (AML) guidelines are followed. Risk Assessment and Fraud Prevention Identify potential risks, discrepancies, and fraudulent activities in the gold loan operations. Recommend corrective actions and improvements to mitigate identified risks. Investigate reported or suspected incidents of fraud and irregularities. Reporting and Documentation Prepare detailed audit reports highlighting observations, risks, and recommendations for process improvements. Maintain records of audit findings and follow up on the implementation of corrective actions. Present audit findings to management and provide insights for strategic decision-making. Process Improvement Analyze gold loan processes and recommend enhancements for operational efficiency. Suggest updates to existing policies and procedures to improve compliance and minimize risks. Provide training to branch staff on audit findings and compliance expectations. Regulatory Compliance Ensure that gold loan operations are compliant with guidelines issued by the Reserve Bank of India (RBI) and other relevant authorities. Preferred candidate profile 5+ Years of experience in Gold Loan Audit