Job Description Team Member Gold Loan Audit

Role Details:

Business

Aditya Birla Capital

Unit

Aditya Birla Capital Limited

Location

Varanasi

Role

Team Member Gold Loan Audit

Department

Audit

Eligibility Criteria

Bachelor or master s degree, Experience in Collection for mid market/corporate

Required Skills Competencies

- Analytical thinking and attention to detail.
- Integrity and strong ethical standards.
- Effective communication and reporting.
- Process orientation and innovative mindset.
- Networking and stakeholder management.
- Ability to understand complexity of deal
- Flexibility for travel and onground for collection.
- Technical proficiency in MIS and fraud systems.

Key Responsibilities:

Key Result Areas

- Execute gold loans audits as and when assigned for proactive identification and remediation of Credit risk and the related risks such as regulatory, fical, operational risks.
- Conduct gold loans audits, as and when assigned, covering new as well as existing branches, product, channels aligned with the nature and complexity of the business to provide independent and objective assurance on the risk management and controls
- Conduct gold loans audits across gold loan branches and central functions to assess the adequacy and effectiveness of the monitoring processes and controls covering various key activities and areas in the gold loans lifecycle including collateral valuation and management, gold loans sanction, disbursement and servicing, recovery and auction processes, safekeeping and physical security




- Conduct review of gold loans system controls in both the Loan Origination System and Loan Management Systems related to automated business and operational process controls to assess adequacy and effectiveness of the controls such as those related to customer onboarding, loan booking and disbursement, asset classification etc.
- Conduct reviews of gold loans processes across branches, functions, product and channels to assess adequacy and effectiveness of controls for compliance with applicable laws and regulations such as regulations related to KYC/AML, fair practices, LTV and interest rates, collateral valuation safekeeping and release, exposure management, income recognition, asset classification, auction, recovery and settlement etc.
- Contribute through ideas / recommendations for improvements to the organization policies, processes and practices based on leading industry practices and emerging risks
- Contribute through ideas / suggestions for adequate and effective audit coverage of various risks including Credit, Regulatory, Ficial, and Operational risks arising from gold loans portfolio and lifecycle
- Contribute through ideas / suggestions on the audit procedures and checklists so that they remain current and updated keeping pace and aligned with changes in internal policies/guidelines as well as legal/regulatory changes and evolving industry best practices
- Ensure timely completion of gold loan audits along with quality of audits,



and meet with all audit documentation and reporting requirements as per audit policy and procedures and leading best practices
- Actively and proactively engage with the relevant stakeholders in gold loan audits

Continuous Control Monitoring and Offsite Audit

- Contribute through ideas / suggestions in identification of triggers / risk hotspots and conduct unplanned reviews / checks based on various triggers/ hot spots, directives received from regulators, board committees and senior management
- Keep abreast of the emerging gold loans audit trends and drive key audit initiatives for effective and effective achievement of the audit objectives
- Explore and use emerging technology solutions and contribute innovative ideas / suggestions to support in implementation of a continuous control monitoring and offsite audit process for proactive and ongoing assessment of controls across various risks in the gold loans lifecycle including Credit, Regulatory, Ficial, Fraud and Operational risks, arising from gold loans portfolio and lifecycle processes across branches, product and channels in ABCL NBFC to ensure, timely and proactive identification and resolution of significant risk and control issues; Identify and develop automated tests for monitoring effectiveness of controls on an ongoing basis

Communication and Stakeholder Engagement

- Effective communication and engagement with various stakeholders

People Management

Disclaimer : This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 Team Member - Gold Loan Audit (Varanasi)
🏢 Aditya Birla Insulators
📍 Varanasi