Job Purpose

To act as a key team member of the Corporate Audit Services (CAS). Ensure contribution in planning, scoping execution given areas of business/function reviews covering Process controls, IT controls, Compliance Finance linkage. Frame the audit observations citing process gaps, simplification value addition. Discuss the audit observations obtain preliminary audit responses under the supervision of National Leads. Additionally, contribute to team activities such as Documentation, knowledge sharing keeping updated with organizational development.

Duties and Responsibilities

1.Planning
Engage with Gold Loan business stakeholders / branch teams to understand branch operations, portfolio profile, assaying practices, custody arrangements, auction process, and key operational risks.

Finalise audit scope covering sourcing, valuation assaying, LTV compliance, documentation, vault management, auctions, KYC/AML, and regulatory compliance.

Define audit approach, sampling methodology, branch coverage, and identify BIU / MIS / system data requirements upfront for effective audit execution.

2.Audit execution
Conduct detailed fieldwork covering customer onboarding, gold valuation, sanctioning, documentation, packet sealing, vault custody, reconciliation, auction procedures, collections, and accounting controls.
Perform physical verification of gold packets, surprise checks, system validations, maker-checker testing, and review adherence to RBI guidelines and internal SOPs.
Identify process gaps, fraud indicators,



operational weaknesses, policy deviations, regulatory non-compliance, and opportunities for process simplification and control strengthening.

3.Audit presentation and review
Prepare draft audit reports highlighting key observations, risk implications, root causes, and actionable recommendations for improvement.
Present audit findings to business / branch stakeholders and management through audit discussion meetings and explain the severity and impact of observations.
Support preparation of management presentations, dashboards, and audit summaries for senior management / leadership review.

4.Audit Closure Action Monitoring
Discuss and agree audit observations with stakeholders and obtain management responses for each observation.
Partner with business teams to define Corrective and Preventive Actions (CAPA), responsibility owners, and target closure timelines.
Track closure status of observations, validate implementation of agreed actions, and ensure sustainable remediation of identified risks and control gaps

Required Qualifications and Experience

a)Qualifications
Minimum Qualification: MBA ( Finance) or equivalent
b)Work Experience
5+ yrs of experience in Gold Loan Operations
Should be with a bright academic record or have worked with Big 4 firms / reputed companies.
Solid acumen to analytical skills, process approach, out of box thinking, interpersonal communication and ability to assess the processes in light of the business impact.

📌 Deputy Area Manager - Corporate Audit Services (Gujarat)
🏢 Bajaj Finance
📍 Gujarat