Deputy Area Manager - Corporate Audit Services

Location Name: Ahmedabad

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

•  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.
•  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.
  
  
  

•  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 severity and impact of observations.
•  Support preparation of management presentations, dashboards, and audit summaries for senior management / leadership review.
•  Audit Closure & Action Monitoring
•  Discuss and agree audit observations with stakeholders and obtain management responses for each observation.
•  Partner with business teams to define Corrective and Preventive Actions (CAPA), responsibility owners, and target closure timelines.
•  Track closure status of observations, validate implementation of agreed actions, and ensure sustainable remediation of identified risks and control gaps
  
  
  

•  Qualifications
•  Minimum Qualification: MBA ( Finance) or equivalent
•  Work Experience
•  5+ yrs of experience in Gold Loan Operations
•  Should be with a bright academic record or have worked with Big 4 firms / reputed companies.
•  Strong acumen to analytical skills, process approach, out of box thinking, interpersonal communication and ability to assess the processes in light of the business impact.