Aditya Birla Group | Team Lead - Surprise Gold Loan Audit

Responsibilities

• 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)
• Development of Offsite Audit Strategy and Plan.
• Execution of Audit Strategy and Plan.
• Provide effective recommendations for improvements to the organization policies, processes and practices based on leading industry practices and emerging risks.
• Develop processes for adequate and effective offsite gold loans audit coverage of various risks including Credit, Regulatory, Financial, and Operational risks arising from gold loans portfolio and lifecycle.
• Active engagement with stakeholders for implementation of recommendations for effective risk mitigations and improvement in the control environment.
• Continuous Control Monitoring and Offsite Audit.
• Develop strategies for identification of triggers / risk hotspots and conduct unplanned surprise reviews / checks based on various triggers/ hot spots, directives received from regulators, boardcommitteesand senior management.
• Keep abreast of the emerging gold loans offsite audit trends and drive key offsite audit initiatives for efficient and effective achievement of the audit objectives.
• Effective communication and reporting to various stakeholders including regulators, board committee and senior management.
• Develop specialised gold loans offsite audit team for execution of complex and specialised audit reviews covering gold loans portfolio and lifecycle processes across branches, product, channels.
• Develop,nurtureand grow talent through effective employee engagement and management.
• Continuous development of self and the team through regular learning and sharing of knowledge / best practices.
• Manage and execute offsite gold loans audit through in-house or co-sourced professional audit resources with suitable coveragecommensuratewith the scale and complexity of the gold loans business, product, channels to effectively complement the risk-based audits
• Keep offsite gold loans audits (including KYC audit, image-based audit, continuous control monitoring using data analytics, trigger-based surprise audits, etc.) procedures and checklists current and updated keeping pace and aligned with changes in internal policies/guidelines as well as legal/regulatory changes and evolving industry best practices

Requirements

• Effective management and execution of the Offsite gold loans audits (including KYC audit, image-based audit, continuous control monitoring using data analytics, trigger-based surprise audits, etc.) for proactive identification and remediation of Credit risk and the related risks such as regulatory, financial, operational risks.

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