Regional Audit Manager Lucknow

3) Job Context & Major Challenges: Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section

• Purpose of this role is toassist Vertical Head Gold loan audits in thedevelopmentand execution of theAuditPlan(both onsite and offsite audit)forGold Loanscovering all the key areas in the end-to-end Lifecycleof gold loansincludingcustomer onboarding collateral valuation purity checksscreening credit assessment and sanction limit and facility booking credit operations disbursement post-disbursement monitoringcollateral management safe custody and physical security CCTV surveillancecollectionsandrecovery pre-payments/foreclosures settlementscollateral release / re-pledge process auction processearly warning monitoringfraud risk controlslegal and regulatory compliance and reportingetc. acrossgold loans branchesproductand channels inABCL NBFCto assess adequacy and effectiveness of risk management and controls and adherence to internal policies and procedures as well as applicable laws and regulations
• The primary function of the role will be toassist the Vertical Head Gold loan audits in thedevelopmentandexecution ofthe audit plan for proactive and qualitativegold loansaudits acrossvariousgold loan branchesproduct and channels in ABCLNBFCfactoring 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 thegold loansportfolio the organization strategy culture and maturity
• Support the Vertical Head Gold loan audits in the development of theprocesses for adequate and effective audit coverage of various risks including Credit Regulatory Financial and Operational risks arising fromthePortfolio and Lifecycle ofgold loans across branches product andchannels and various applicable laws and regulations
• Support the Vertical Head Gold loan audits to ensure theaudit procedures and checklistsarecurrent and updated keeping pace and aligned with changes in internal policies/guidelines as well as legal/regulatory changes and evolving industry best practices
• Support the Vertical Head in the development ofauditstrategy and planfor identification and assessment ofCredit Risk FinancialRisk Operational Risk (includingFraud Risk) ComplianceRiskReputational Riskand Other risks arising from Portfolio and Lifecycleof gold loansacross thebranchesproductchannels of ABCLNBFC scale of operations and complexities of the business and maturity level of controls
• Support the Vertical Head in development ofaudit plans based on risk assessment and regulatory framework; ensuringuse of advanced integrated auditing concepts and extensive use of technology and data for achievement of the audit objectives
• Drive execution of thegold loansaudits testingcontrols covering entireLifecycleof gold loansacross branchesproductand channels in ABCL NBFCin accordance withthe Policies Procedures Legal and Regulatory requirements Internal Audit Standards and leading best practices
• Contribute through knowledge / best practices sharing or other ways to support the Vertical Head in developing aspecialisedgold loansaudit team for execution ofgold loan audit reviews includingspecialisedareas such ascollateral valuation and purity checks and other key areas across gold loans lifecycle
• Ensuretimelycompletion ofgold loansaudit plan and projects along with quality of audits and meet with all audit documentation and reporting requirements as perrisk based internalaudit policy and procedures and leading best practices
• Explore and use emerging technology solutions tobuild andimplement a continuouscontrolmonitoringand offsite auditprocess forproactive andongoing assessment ofcontrols across various risks in the gold loans lifecycle includingCreditRegulatoryFinancialFraudand Operational risks arising fromgold loans portfolio andlifecycleprocesses acrossbranchesproduct and channels in ABCL NBFCto ensure timelyand proactiveidentification and resolution of significantrisk andcontrol issues; Identify and develop automated tests for monitoring effectiveness of controls on an ongoing basis
• Activelyandproactivelyengagewithrelevant business operations functional stakeholdersforgold loans business/product