Aditya Birla Group | Regional Audit Manager - Delhi

Responsibilities

• 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
• 4) Key Result Areas: Write the key results expected from the job and the supporting actions for each of these key result areas (For a majority of jobs typically there could be 4- 7 key result areas)
• Support Vertical Head in development of Audit Plan for Gold loan audits.
• Execution of Audit Plan for Gold loan audits.
• Drive execution ofthe gold loans auditsfor proactive identification and remediation of Credit risk and the related risks such as regulatory, financial, operational risks.
• Conductgold 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 theprocesses for adequate and effective audit coverage of various risks including Credit, Regulatory, Financial, and Operational risks arising from gold loans portfolio and lifecycle.
• Ensuretimelycompletion 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.
• Activelyand proactivelyengage withthe relevantstakeholdersin gold loan audits to ensureimplementation of recommendations for effective risk mitigations and improvement in the control environment.
• Continuous Control Monitoring and Offsite Audit.
• Support the Vertical head inidentification of triggers / risk hotspots and conduct unplanned reviews /checksbased on various triggers/ hot spots, directives received from regulators, boardcommitteesand senior management.
• Keep abreast of the emerginggold loansaudit 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 andcontribution /active engagement to support the Vertical Head in development ofthegold loans auditteam through regular learning and sharing of knowledge / best practices.
• 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
• Drive execution of thegold loansaudits testingcontrols covering entireLifecycleof gold loansacross branches,productand 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
• Drive execution of thegold loans auditsthrough in-house or co-sourced audit resources with suitable coveragecommensuratewith the scale and complexity of the gold loans business, product, channels to effectively complement the risk-based audits

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