Job Description Team Member Gold Loan Audit (Offsite)

Role Details:

Business

Aditya Birla Capital

Unit

Aditya Birla Capital Limited

Location

Mumbai

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 robust 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 Result Areas

- Development of Offsite Audit Strategy and Plan

- Develop and manage the audit strategy and plan for proactively and qualitatively conducting the Offsite gold loans audits (including KYC audit, imagebased audit, continuous control monitoring using data analytics, triggerbased surprise audits, etc. ) covering the key areas across the end to end gold loans lifecycle factoring the nature of business, level and direction of risk, extent and nature of collateral, scale of operations, level of digitalisation and use of technology, use and involvement of third party vendors/partners, complexity & diversity of the gold loans portfolio, the organization strategy, culture and maturity

- Develop offsite gold loans audit plans (including KYC audit, imagebased audit, continuous control monitoring using data analytics, triggerbased surprise audits, etc. )



ensuring use of advanced integrated auditing concepts and extensive use of technology and data for achievement of the audit objectives Set up and develop specialised gold loans offsite audit team (including central offsite audit team and surprise auditors) for execution of offsite gold loan audit reviews including specialised areas such as collateral valuation and purity checks, and other key areas across gold loans lifecycle

Execution of Audit Strategy and Plan

- Effective management and execution of the Offsite gold loans audits (including KYC audit, imagebased audit, continuous control monitoring using data analytics, triggerbased surprise audits, etc. ) for proactive identification and remediation of Credit risk and the related risks such as regulatory, ficial, operational risks.

- Drive and manage Offsite gold loans audits (including KYC audit, imagebased audit, continuous control monitoring using data analytics, triggerbased surprise audits, etc. ) testing controls covering entire Lifecycle of gold loans across branches, product and channels in ABCL NBFC in accordance with the Policies, Procedures, Legal and Regulatory requirements, Internal Audit Standards, and leading best practices
- Drive and manage Offsite gold loans audits (including KYC audit, imagebased audit, continuous control monitoring using data analytics, triggerbased surprise audits, etc. ) covering controls over various risks inherent in the entire Lifecycle of gold loans in accordance with the Policies, Procedures, Legal and Regulatory requirements, Internal Audit Standards,



and leading best practices; Identify the areas requiring strengthening of controls and recommend systemic improvements for mitigating the risks
- Conduct Offsite gold loans audits (including KYC audit, imagebased audit, continuous control monitoring using data analytics, triggerbased surprise audits, etc. ) 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 offsite reviews of gold loans 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. Manage and execute offsite gold loans audit through inhouse or cosourced professional audit resources with suitable coverage commensurate with the scale and complexity of the gold loans business, product, channels to effectively complement the riskbased audits

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.

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