Gold Loan Auditor

Aditya Birla Capital (ABCL); India; On-site; INR 700,000 - 1,200,000; Full time

Job summary

A leading financial organization in India is looking for an experienced professional to manage Gold Loan audits across their lifecycle. Responsibilities include executing audits to identify risks, ensuring compliance with regulations, and assessing risk management effectiveness. The ideal candidate should have a strong understanding of the gold loan lifecycle, experience in audit or risk management, and possess analytical skills for effective risk identification. Knowledge of Loan Origination Systems is beneficial.

Qualifications

• Experience in audit, risk management, or credit functions.
• Ability to evaluate internal controls and processes.
• Familiarity with KYC/AML regulations.

Responsibilities

• Execute Gold Loan audits across the complete lifecycle.
• Assess adequacy of risk management and internal controls.
• Identify risks and recommend process improvements.

Skills

Strong understanding of the gold loan lifecycle

Experience in audit or risk management

Knowledge of regulatory requirements

Analytical mindset

Stakeholder management skills

Exposure to data analytics

Tools

Loan Origination Systems

Loan Management Systems

Job description

Role & responsibilities

Job Purpose

• Execute Gold Loan audits across the complete lifecycle, including:
  • Customer onboarding, collateral valuation, purity checks, screening
  • Credit assessment, sanction, limit booking, disbursement
  • Post-disbursement monitoring, collateral management, safe custody
  • Physical security, CCTV surveillance, collections & recovery
  • Prepayments, settlements, collateral release/re-pledge, auction process
  • Early warning monitoring, fraud risk controls
  • Legal & regulatory compliance and reporting
• Assess adequacy and effectiveness of risk management, internal controls, and adherence to policies and regulations across branches, products, and channels.

Execution of Gold Loan Audits

• Execute audits to proactively identify and mitigate credit, regulatory, financial, and operational risks.
• Conduct audits across new and existing branches, products, and channels to provide independent assurance on controls.
• Evaluate risks across the entire gold loan lifecycle and recommend improvements for control strengthening.
• Assess effectiveness of monitoring processes in areas such as:
  • Collateral valuation and management
  • Loan sanction, disbursement, servicing
  • Recovery, auction, safekeeping, and physical security
• Review system controls in Loan Origination and Loan Management Systems (LOS/LMS).
• Ensure compliance with laws and regulations including:
  • KYC/AML, fair practices
  • LTV norms, interest rates
  • Exposure management, income recognition
  • Asset classification, recovery, and settlement
• Recommend improvements in policies, processes, and audit methodologies based on industry best practices.
• Update audit procedures and checklists aligned with regulatory and internal policy changes.
• Ensure timely, high-quality audit completion with proper documentation and reporting.
• Engage proactively with stakeholders during audits.

Continuous Control Monitoring & Offsite Audit

• Identify risk triggers and conduct unplanned audits based on emerging risks and regulatory directives.
• Stay updated on gold loan audit trends and drive audit initiatives.
• Leverage technology for continuous monitoring and offsite audits.
• Develop automated control testing mechanisms for ongoing risk assessment.
• Support proactive identification and resolution of risks across:
  • Credit, regulatory, financial, fraud, and operational areas

2. Preferred candidate profile

• Strong understanding of the gold loan lifecycle and associated risks.
• Experience in audit, risk management, or credit functions (preferably in NBFCs/banking).
• Knowledge of regulatory requirements (KYC/AML, RBI guidelines, etc.).
• Ability to evaluate internal controls, systems, and processes.
• Analytical mindset with attention to detail and risk identification skills.
• Familiarity with Loan Origination Systems (LOS) and Loan Management Systems (LMS).
• Proactive approach with strong stakeholder management skills.
• Ability to suggest process improvements and adapt to evolving industry practices.
• Exposure to data analytics, automation, or continuous monitoring tools is an advantage.