Head Audit - Gold Loan

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.