Aditya Birla Group | Area Audit Manager - Surat

Responsibilities

• Support Vertical Head in development of Audit Plan for Gold loan audits.
• Execution of Audit Plan for Gold loan audits.
• Drive execution of the gold loans audits for proactive identification and remediation of Credit risk and the related risks such as regulatory, financial, operational risks.
• Conduct gold loans audits of new as well as existing branches, product, channels aligned with the nature and complexity of the business to provide independent and objective assurance on the risk management and controls.
• Provide effective recommendations for improvements to the organization policies, processes and practices based on leading industry practices and emerging risks.
• Support the Vertical Head in developing the processes for adequate and effective audit coverage of various risks including Credit, Regulatory, Financial, and Operational risks arising from gold loans portfolio and lifecycle.
• Ensure timely completion of audit plan and projects along with quality of audits, and meet with all audit documentation and reporting requirements as per audit policy and procedures and leading best practices.
• Actively and proactively engage with the relevant stakeholders in gold loan audits to ensure implementation of recommendations for effective risk mitigations and improvement in the control environment.
• Continuous Control Monitoring and Offsite Audit.
• Support the Vertical head in identification of triggers / risk hotspots and conduct unplanned reviews / checks based on various triggers/ hot spots, directives received from regulators, board committees and senior management.
• Keep abreast of the emerging gold loans audit trends and drive key audit initiatives for efficient and effective achievement of the audit objectives.
• Effective communication and engagement with various stakeholders.
• Continuous development of self and contribution /active engagement to support the Vertical Head in development of the gold loans audit team through regular learning and sharing of knowledge / best practices.
• Contribute through knowledge / best practices sharing to support the Vertical Head in developing a specialised team for execution of gold loan audits including specialised areas such as collateral valuation and purity checks, and other key areas across gold loans lifecycle
• Drive execution of the gold loans audits through in-house or co-sourced audit resources with suitable coverage commensurate with the scale and complexity of the gold loans business, product, channels to effectively complement the risk-based audits
• Support the Vertical Head to ensure that the audit procedures and checklists are current and updated keeping pace and aligned with changes in internal policies/guidelines as well as legal/regulatory changes and evolving industry best practices

Aditya Birla Group

The Aditya Birla Group is one of India's largest business groups. Its companies work in metals (Hindalco and Novelis), cement (UltraTech), cellulosic fibres, chemicals and paints (Grasim), financial services (Aditya Birla Capital), fashion and retail, renewables and telecom. The group is chaired by Kumar Mangalam Birla.

Each group company runs its own finance and accounts function. That creates openings in plant and business-unit accounting, costing and MIS, taxation, treasury, internal audit and company secretarial work, across corporate offices and manufacturing locations.

• Industry: Diversified conglomerate
• Headquarters: Mumbai, India
• In India: Group companies and plants across India
• Hiring unit: Aditya Birla Capital Limited
• Group business: Financial Services