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

📌 Deputy Area Manager (Visakhapatnam)
🏢 Bajaj Finance
📍 Visakhapatnam