Internal Auditor

SBFC Finance; Warangal, Bidar District; On-site; INR 300,000 - 600,000; Full time

Job summary

SBFC Finance is seeking a detail-oriented professional to perform gold valuation and regulatory compliance checks. The role includes auditing branch stock, documenting findings, and reporting discrepancies to ensure secure and compliant operations.

Responsibilities cover valuation of gold items, adherence to SOPs, and ensuring security controls are maintained across branches. This position requires meticulous record-keeping and vigilance against fraud.

Qualifications

• Knowledge of gold purity testing and weight measurement for accurate valuation.
• Understanding of regulatory norms and internal SOPs for risk mitigation.
• Experience in conducting branch audits and maintaining audit trails.

Responsibilities

• Gold assessment and appraisal to determine accurate valuation of ornaments and coins.
• Ensure loans comply with RBI guidelines and internal SOPs to mitigate credit risk.
• Perform branch audits and inspections to verify physical stock against records.
• Prepare detailed valuation reports and document discrepancies or potential frauds.
• Verify security measures such as strong rooms, CCTV, and weighing balances.

Skills

Gold valuation

Audit & compliance

Reporting

Job description

Roles and Responsibilities:

• Gold Assessment & Appraisal: Testing the purity and weight of gold items (ornaments, coins) to calculate accurate valuation.


• Compliance & Risk Mitigation: Ensuring all gold loans adhere to regulatory norms (e.g., RBI guidelines) and internal SOPs to mitigate credit risks.


• Branch Audits & Inspection: Conducting periodic or surprise visits to branches to verify physical gold stock against electronic records.


• Documentation & Reporting: Creating detailed reports on valuation findings, audit trails, and reporting potential frauds or discrepancies.


• Security Validation: Ensuring security measures like strong rooms, CCTV, and weighing balances are operational.