Audit Manager - Gold Loan

Key Responsibilities:

• Conduct regular audits at branch level focused specifically on gold loan operations.
• Verify compliance with standard operating procedures (SOPs) on gold appraisal, vault management, disbursement, interest collection, and closure.
• Monitor adherence to RBI regulations, KYC/AML norms, and internal compliance policies.
• Perform surprise audits, gold purity validation, and physical safety checks of gold stock and storage infrastructure.
• Identify procedural lapses, risks of fraud, or non-compliance and provide actionable recommendations.
• Prepare and present detailed audit reports highlighting risks, observations, and corrective action plans.
• Ensure timely closure of audit observations and maintain follow-up reports on implementation status.
• Collaborate with cross-functional teams including Risk, Operations, and Compliance departments to strengthen internal controls.

Key Requirements:

• Qualification: Graduate (preferably in Commerce), CA Inter, or MBA in Finance.
• Experience: Minimum 4–6 years in gold loan audit/operations with a bank, NBFC, or gold finance company.
• In-depth knowledge of gold loan practices, gold purity assessment, and vault security norms.
• Familiarity with regulatory frameworks governing gold loans and financial audits.
• Proficient in MS Excel, audit tools, and documentation/reporting systems.
• Willing to travel extensively within Odisha for field audits.