Audit Executive and Intern
1 week ago
Role & responsibilities
1. Audit & Inspection:
- Conduct regular and surprise audits of gold loan branches.
- Verify gold ornaments pledged, their weight, purity, and valuation.
- Cross-check the actual gold stock with system entries and physical records.
- Ensure proper tagging, sealing, and storage of gold in the branch vault.
- Check accuracy of gold loan disbursements and collection records.
2. Compliance & Risk Management:
- Ensure compliance with company SOPs, RBI guidelines, and KYC/AML norms.
- Identify operational risks, frauds, and procedural lapses.
- Report discrepancies, fraud indicators, or irregular practices to higher authorities.
3. Documentation & Record Verification:
- Audit customer files for completeness of documentation.
- Verify KYC, loan agreements, sanction letters, and repayment schedules.
- Check system entries for correctness and completeness.
4. Reporting & Recommendations:
- Prepare detailed audit reports with observations and risk levels.
- Recommend corrective actions to branch staff and management.
- Follow up on implementation of audit recommendations.
5. Training & Support:
- Educate and train branch staff on best practices and updated policies.
- Support branches in improving operational efficiency and reducing errors.
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