Deputy Area Manager - Corporate Audit Services
Bajaj Finance · Visakhapatnam · onsite · Posted 56d ago
Undisclosed5–6 yrsfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
Job Summary
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.
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.
- Identify process gaps, fraud indicators, operational weaknesses, policy deviations, regulatory non-compliance, and opportunities for process simplification and control strengthening.
- 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.
- Minimum Qualification: MBA ( Finance) or equivalent
- 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.
Sourced from naukri
Skills
Gold LoanGold Valuationanalytical thinkingIt ControlsCustomer OnboardingCAPACasCorporate AuditAuctionOnboardingoperationsAccountingAmlcomplianceKYCfinanceBranch Operationsorganizational development
About Bajaj Finance
Bajaj Finance
NBFC
64.1k+
employees
1987
39 years old
Pune, Maharashtra
India
About
Bajaj Auto Finance offers Two Wheeler loans, Three Wheeler loans & Quote Loan at low-interest rates.
Industries
NBFCFinancial Services
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