Bajaj Finance
Bajaj Finance | Deputy Area Manager - Corporate Audit Services
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Job Highlights
Responsibilities
- To act as a key team member of the Corporate Audit Services (CAS).
- Engage with Gold Loan business stakeholders / branch teams to understand branch operations, portfolio profile, assaying practices, custody arrangements, auction process, and key operational risks.
- Conduct detailed fieldwork covering customer onboarding, gold valuation, sanctioning, documentation, packet sealing, vault custody, reconciliation, auction procedures, collections, and accounting controls.
- Perform physical verification of gold packets, surprise checks, system validations, maker-checker testing, and review adherence to RBI guidelines and internal SOPs.
- Identify process gaps, fraud indicators, operational weaknesses, policy deviations, regulatory non-compliance, and opportunities for process simplification and control strengthening.
- Prepare draft audit reports highlighting key observations, risk implications, root causes, and actionable recommendations for improvement.
- Present audit findings to business / branch stakeholders and management through audit discussion meetings and explain the severity and impact of observations.
- Support preparation of management presentations, dashboards, and audit summaries for senior management / leadership review.
- Partner with business teams to define Corrective and Preventive Actions (CAPA), responsibility owners, and target closure timelines.
- Track closure status of observations, validate implementation of agreed actions, and ensure sustainable remediation of identified risks and control gaps.
- Ensure contribution in planning, scoping & execution given areas of business/function reviews covering Process controls, IT controls, Compliance & Finance linkage.
- Define audit approach, sampling methodology, branch coverage, and identify BIU / MIS / system data requirements upfront for effective audit execution.
- Audit presentation and review
- Audit Closure & Action Monitoring
Qualification
- Should be with a bright academic record or have worked with Big 4 firms / reputed companies.
- Strong acumen to analytical skills, process approach, out of box thinking, interpersonal communication and ability to assess the processes in light of the business impact.
- 5+ yrs of experience in Gold Loan Operations
About the company
Bajaj Finance Limited
Bajaj Finance Limited is one of India's largest non-banking financial companies. Incorporated in 1987 as Bajaj Auto Finance Limited and renamed in 2010, it is headquartered in Pune and is a subsidiary of Bajaj Finserv Limited. It is regulated by the Reserve Bank of India as a deposit-taking NBFC in the upper layer of RBI's scale-based framework, and its shares are listed on the NSE and BSE.
Its businesses span consumer lending and payments, SME and commercial lending, rural lending, fixed deposits and digital lending, with home loans offered through its subsidiary Bajaj Housing Finance. Beyond its large sales and service teams, Bajaj Finance hires CA, CMA, CFA and MBA (Finance) profiles into finance and accounts, taxation, treasury, internal audit, credit underwriting, risk and compliance roles.
