Area Audit Manager - Ranchi

Aditya Birla Capital; Jharkhand; On-site; INR 2,000,000 - 2,600,000; Full time

Job summary

Aditya Birla Capital Limited in Ranchi is seeking an Area Audit Manager in the Audit department. The role focuses on developing and executing the audit plan for gold loans across branches, products, and channels within ABCL NBFC.

The candidate will assess risk, ensure regulatory compliance, and drive improvements in controls and collateral processes. This includes onsite and offsite audits, collaboration with the Vertical Head, and strong governance practices.

Qualifications

• Assist the Vertical Head in development and execution of the Audit Plan for gold loans.
• Audit across gold loan branches, product and channels in ABCL NBFC.
• Ensure regulatory compliance and reporting as per internal policies and applicable laws.

Responsibilities

• Develop and execute the Audit Plan for Gold loan audits across branches and products.
• Assess adequacy and effectiveness of risk management and controls.
• Coordinate onsite and offsite audits and ensure timely reporting and closure.
• Ensure compliance with laws, internal policies, and governance standards.

Job description

ABC Company Info

Aditya Birla Capital Limited ("ABCL") is the holding company for the financial services businesses of the Aditya Birla Group. With subsidiaries/JVs that have a strong presence across Protecting, Investing and Financing solutions, ABCL is a financial solutions group that caters to the diverse needs of its customers across their life cycle. Powered by more than 38,000 employees, the businesses of ABCL have a nationwide reach with over 1300 branches, more than 2,00,000 agents/channel partners and various bank partners.

Enriching Lives Winning as ONE

ABC Company Info

Aditya Birla Capital Limited ("ABCL") is the holding company for the financial services businesses of the Aditya Birla Group. With subsidiaries/JVs that have a strong presence across Protecting, Investing and Financing solutions, ABCL is a financial solutions group that caters to the diverse needs of its customers across their life cycle. Powered by more than 38,000 employees, the businesses of ABCL have a nationwide reach with over 1300 branches, more than 2,00,000 agents/channel partners and various bank partners.

Aditya Birla Finance Limited

Aditya Birla Finance Limited (“ABFL”), a subsidiary of Aditya Birla Capital Limited, is among the leading well-diversified non-banking financial services company in India. ABFL offers customized solutions in the areas of personal finance, mortgage finance, SME finance, corporate finance, wealth management, debt capital markets and loan syndication.

What makes an ideal ABC Citizen?

At ABC, we are constantly on the lookout for individuals who resonate with our 5 core values of Speed, Passion, Integrity, Seamlessness and commitment and live them every day, while also understanding our vision. We believe in building leaders who thrive on challenges, take the onus of creating and sustaining strong teams, and forms strong networks as a result of effective relationship-building.

Role Details

Business Aditya Birla Capital

Unit Aditya Birla Capital Limited

Location Ranchi

Role Area Audit Manager

Department Audit

Job Role Purpose of this role is to assist the Vertical Head - Gold loan audits in development and execution of the Audit Plan (both onsite and offsite audit) for Gold Loans covering all the key areas in the end-to-end Lifecycle of gold loans including customer onboarding, collateral valuation, purity checks, screening, credit assessment and sanction, limit and facility booking, credit operations, disbursement, post-disbursement monitoring, collateral management, safe custody and physical security, CCTV surveillance, collections and recovery, pre-payments/foreclosures, settlements, collateral release / re-pledge process, auction process, early warning monitoring, fraud risk controls, legal and regulatory compliance and reporting, etc., across gold loans branches, product and channels in ABCL NBFC to assess adequacy and effectiveness of risk management and controls, and adherence to internal policies and procedures as well as applicable laws and regulations

Key Result Areas

Supporting Actions

• Support the Vertical Head in development of the audit plan for proactively and qualitatively conducting the gold loans audits across the gold loan branches, product and channels in ABCL NBFC factoring the nature of business, level and direction of risk, extent and nature of collateral, scale of operations, level of digitalisation and use of technology, use and involvement of third party vendors/partners, complexity & diversity of the gold loans portfolio, the organization strategy, culture and maturity
• Support the Vertical Head in developing the gold loans audit plan based on risk assessment and regulatory framework; ensure use of advanced integrated auditing concepts and extensive use of technology and data for achievement of the audit objectives in line with the organization’s strategy and objectives, applicable regulatory guidelines and audit policy & procedures
• Contribute through knowledge / best practices sharing to support the Vertical Head in developing a specialised team for execution of gold loan audits including specialised areas such as collateral valuation and purity checks, and other key areas across gold loans lifecycle

Execution of Audit Plan for Gold loan audits