Role & responsibilities

Job Purpose

- Execute Gold Loan audits across the complete lifecycle, including:
- Customer onboarding, collateral valuation, purity checks, screening
- Credit assessment, sanction, limit booking, disbursement
- Post-disbursement monitoring, collateral management, safe custody
- Physical security, CCTV surveillance, collections & recovery
- Prepayments, settlements, collateral release/re-pledge, auction process
- Early warning monitoring, fraud risk controls
- Legal & regulatory compliance and reporting

- Assess adequacy and effectiveness of risk management, internal controls, and adherence to policies and regulations across branches, products, and channels.

Execution of Gold Loan Audits

- Execute audits to proactively identify and mitigate credit, regulatory, financial, and operational risks.
- Conduct audits across new and existing branches, products, and channels to provide independent assurance on controls.
- Evaluate risks across the entire gold loan lifecycle and recommend improvements for control strengthening.
- Assess effectiveness of monitoring processes in areas like:
- Collateral valuation and management
- Loan sanction, disbursement, servicing
- Recovery, auction, safekeeping, and physical security

- Review system controls in Loan Origination and Loan Management Systems (LOS/LMS).
- Ensure compliance with laws and regulations including:

- KYC/AML, fair practices
- LTV norms, interest rates
- Exposure management, income recognition
- Asset classification, recovery, and settlement

- Recommend improvements in policies, processes,



and audit methodologies based on industry best practices.
- Update audit procedures and checklists aligned with regulatory and internal policy changes.
- Ensure timely, high-quality audit completion with proper documentation and reporting.
- Engage proactively with stakeholders during audits.

Continuous Control Monitoring & Offsite Audit

- Identify risk triggers and conduct unplanned audits based on emerging risks and regulatory directives.
- Stay updated on gold loan audit trends and drive audit initiatives.
- Leverage technology for continuous monitoring and offsite audits.
- Develop automated control testing mechanisms for ongoing risk assessment.
- Support proactive identification and resolution of risks across:
- Credit, regulatory, financial, fraud, and operational areas

2. Preferred candidate profile

- Solid understanding of the gold loan lifecycle and associated risks.
- Experience in audit, risk management, or credit functions (preferably in NBFCs/banking).
- Knowledge of regulatory requirements (KYC/AML, RBI guidelines, etc.).
- Ability to evaluate internal controls, systems, and processes.
- Analytical mindset with attention to detail and risk identification skills.
- Familiarity with Loan Origination Systems (LOS) and Loan Management Systems (LMS).
- Proactive approach with strong stakeholder management skills.
- Ability to suggest process improvements and adapt to evolving industry practices.
- Exposure to data analytics, automation, or continuous monitoring tools is an advantage.

📌 Gold Loan Auditor (India)
🏢 Sun Life
📍 India