: Gold Loan Auditor (Internal Audit)

Position Title: Gold Loan Auditor Internal Audit

Department: Internal Audit

Location: As per business requirement

Reporting To: Manager / Head Internal Audit

Company: Vistaar Finance Limited

About Vistaar Finance Limited

Vistaar Finance Limited is a leading NBFC focused on providing financial solutions to underserved and emerging customer segments across India. As part of its commitment to maintaining robust governance, operational excellence, and regulatory compliance, Vistaar Finance seeks a competent Gold Loan Auditor to strengthen its Internal Audit function.

Role Purpose The Gold Loan Auditor will be responsible for conducting independent audits of gold loan operations across branches and regions, ensuring compliance with internal policies, regulatory requirements, operational controls, and risk management frameworks. The role will focus on assessing the end-to-end gold loan process, including gold acceptance, valuation, safekeeping, disbursement, documentation, auction processes, and related controls.

Key Responsibilities

Audit Planning & Execution

- Conduct branch audits and thematic audits of the gold loan business in accordance with the approved audit plan.
- Evaluate the effectiveness of internal controls, operational procedures, and risk mitigation measures across gold loan operations.
- Verify adherence to company policies, SOPs, delegated authority matrices, and regulatory guidelines applicable to gold loan lending.
- Perform surprise audits and physical verification of pledged gold ornaments/articles at branches and vault locations.

Gold Loan Process Review

- Audit gold appraisal, purity assessment, weight verification, and valuation processes.
- Examine loan-to-value (LTV) compliance and adequacy of collateral coverage.
- Review customer onboarding, KYC documentation, sanctioning, disbursement, renewal,



and closure processes.
- Validate custody and security controls relating to gold storage, vault management, dual custody operations, and movement of pledged ornaments.
- Audit auction processes for overdue accounts and assess compliance with approved procedures.

Compliance & Risk Management

- Identify operational, fraud, financial, and compliance risks in the gold loan portfolio.
- Assess adherence to RBI regulations, internal policies, audit standards, and statutory requirements applicable to NBFCs.
- Investigate control weaknesses, process deviations, and potential fraud indicators.
- Recommend corrective and preventive actions to strengthen controls and reduce operational risk.

Reporting & Follow-up

- Prepare comprehensive audit reports highlighting observations, risk ratings, root causes, and actionable recommendations.
- Present audit findings to branch management and audit stakeholders.
- Monitor closure of audit observations and validate implementation of corrective actions.
- Maintain audit documentation and working papers in line with internal audit standards.

Data Analytics & Monitoring

- Analyze branch-level audit data, exception reports, and portfolio trends to identify risk patterns.
- Support continuous auditing initiatives and process improvement projects.
- Assist in developing audit checklists, risk frameworks, and control testing methodologies for the gold loan business.

Desired Candidate Profile

Educational Qualification





- Bachelor's Degree in Commerce, Finance, Accounting, Business Administration, or related discipline.
- Professional certifications such as CA Inter, CIA, CISA, or Certified Internal Auditor will be an added advantage.

Experience

- 3-5 years of relevant experience in Internal Audit, Operations Audit, Risk Audit, or Gold Loan Audit within a reputed NBFC, Housing Finance Company, or Gold Loan Company in India.
- Hands-on exposure to gold loan operations and branch audit processes is mandatory.
- Experience in auditing gold appraisal, collateral management, vault controls, and auction procedures will be highly preferred.

Technical Skills

- Strong understanding of gold loan products, operational processes, and associated risks.
- Knowledge of RBI regulations governing NBFC operations and gold-backed lending.
- Ability to assess internal controls and identify operational gaps.
- Proficiency in MS Excel, audit tools, and reporting systems.
- Working knowledge of data analytics techniques will be an advantage.

Behavioral Competencies

- High level of integrity and professional ethics.
- Strong analytical and investigative skills.
- Excellent observation and attention to detail.
- Effective report writing and communication skills.
- Ability to travel extensively for branch audits.
- Strong stakeholder management and influencing skills.

Key Performance Indicators (KPIs)

- Completion of assigned audit plan within timelines.
- Quality and accuracy of audit observations.
- Timely closure of audit findings.
- Identification of process control gaps and fraud risks.
- Improvement in branch compliance scores.
- Effectiveness of recommendations implemented by business teams.

Travel Requirement

- Extensive travel across branch locations and regional offices as per audit schedules.

📌 Internal Auditor - Gold Loan (Hyderabad)
🏢 Vistaar Finance
📍 Hyderabad