Description:
A Head of Gold Loan Audit is responsible for overseeing and leading the Gold Loan audit Vertical, ensuring compliance with internal policies and external regulations. This is a senior-level position that involves developing and executing risk-based audit plans, managing audit teams, and presenting findings to senior management and audit committees.
Key responsibilities:
- Audit Planning and Execution: Develop and implement a comprehensive, risk-based internal audit plan for gold loan operations, covering all branches and functional areas.
- Team Leadership: Recruit, mentor, and manage a team of auditors, ensuring timely and effective completion of audits.
- Process and Controls Evaluation: Review and evaluate the effectiveness of internal controls, processes, and risk management practices related to gold loan origination, valuation, documentation, storage, and release.
- Regulatory Compliance: Ensure adherence to regulatory requirements set by bodies such as the Reserve Bank of India (RBI).
- Reporting: Prepare and present detailed audit reports to senior management and the Audit Committee, highlighting key findings, risks, and recommendations.
- Risk Mitigation: Identify process gaps and control weaknesses, and recommend corrective actions to mitigate risks effectively.
- Physical Verification: Oversee the physical verification of gold packets to ensure their accuracy with system records.
- Stakeholder Management: Serve as an advisor to senior leadership on risk and control matters and collaborate with other departments, statutory auditors, and regulatory bodies.
- Technology and Innovation: Leverage data analytics and audit management software to enhance audit effectiveness and explore opportunities for automation.
Qualifications and experience:
Preferably C.A. with 14+ years relevant experience with Strong knowledge of financial regulations, internal controls, and risk frameworks is essential. Excellent leadership, analytical, communication, and interpersonal skills are also required.
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