Specialist Gold Inspector

Job Description

The incumbent will be responsible for conducting Gold Inspection at the branches within scheduled timeline and TAT Responsible for Quality Inspection of the Gold Ornaments as per the process defined Discuss the Gold Inspection observations with concerned members and submit the report timely for necessary action. Publish regular updates and reports on Gold Inspection. Conducting and completion of Gold Audit for a branch within the timelines and TAT as per the policy Undertake Gold Inspection as per the calendar within the target time Responsible for carrying out Gold audit in various areas / activities of Bank branches Verify the quality, quantity and inventory of pledged gold without damaging the gold ornaments Conduct valuation and verification of gold ornaments with respect to weight, purity & Detect spurious, low purity gold and frauds to mitigate the risk Executing gold audit by following the process as prescribed Prepare Gold inspection report for review and release reports within timelines Emphasis on quality of Gold valuation and report writing Discussion of Gold Audit findings with Branch Managers Submission of Gold inspection report to reviewer for review Follow up for necessary action based on the observation To verify the earlier inspection report and its compliance/closure To verify whether there are any lapses in security and safety of the branch and assets Internal Process Quality of Inspecting gold and report writing covering of all loopholes Check purity of Gold ornaments and basic operational check like CCTV functioning, custodian availability during appraisal and data entry as per LOS and estimation slip. Check authenticity of transactions and adherence to systems and procedures by scrutinizing the transactions put through the relevant inspection period including handling ornaments Verify the records and registers to ascertain whether there is any lapses/discrepancy in maintaining such records Report to be submitted in the format prescribed, complete in all aspects with clear findings Timely accurate concise and effective documentation of gold loan inspection reports Response to queries /MIS and monthly reports within TAT To report any discrepancies without favour, not leaving out even seemingly minor irregularities as they may lead to serious irregularity in future Identify the probable threats and recommend solutions Verify/inspect safe room operations, security measures, day to day working of branch Ensure proper documentation is maintained for each loan and record is maintained after the verification Customer Coordinate with Business team, Branch team, Credit Team and Operations team for matters relating to Gold Loan Ensure timely response to any clarifications regarding Gold inspection Actively participate in Product, Credit or IT discussions Co-ordinate with Gold Loan Appraiser for any clarification if any Provide feedback on the training provided by Gold loan Trainers Send all reports/MIS on time to the concerned department Learning and Development Awareness on Regulatory guidelines with respect to Gold Loan Continuous market awareness e.g. if a group of persons or a suspected gang is operating in an area, the concerned risk factors to be studied in detail and alerted in order to avert possible losses Keep abreast of the changes in the industry and recommend suitable changes to management on Gold Inspection process or Gold Loan Risks Updating self on various regulatory compliances and circulars issued by RBI Updating self on various internal procedures, processes and new products introduced Improve the existing process to overcome the probable risk Adhering to high ethical standards and comply with all the laid down processes / policies Other Initiatives Undertake some special assignments regarding gold loan product. Automate any Gold Inspection processes and reports. Locations: Siliguri, Guwahati, Dhanbad and Muzaffarpur Interested candidates send your CVs at: ekta.sharma@ujjivan.com