Deputy Area Manager - Corporate Audit Services (Rajasthan)

Job Purpose

To act as a key team member of the Corporate Audit Services (CAS). Ensure contribution in planning, scoping & execution given areas of business/function reviews covering Process controls, IT controls, Compliance & Finance linkage. Frame the audit observations citing process gaps, simplification & value addition. Discuss the audit observations & obtain preliminary audit responses under the supervision of National Leads. Additionally, contribute to team activities such as Documentation, knowledge sharing & keeping updated with organizational development.

Duties and Responsibilities

1. Planning


- Engage with Gold Loan business stakeholders / branch teams to understand branch operations, portfolio profile, assaying practices, custody arrangements, auction process, and key operational risks.

- Finalise audit scope covering sourcing, valuation & assaying, LTV compliance, documentation, vault management, auctions, KYC/AML, and regulatory compliance.

- Define audit approach, sampling methodology, branch coverage, and identify BIU / MIS / system data requirements upfront for effective audit execution.

2. Audit execution

- 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.

3. Audit presentation and review

- 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.

4. Audit Closure & Action Monitoring

- Discuss and agree audit observations with stakeholders and obtain management responses for each observation.

- 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

Required Qualifications and Experience

a) Qualifications

- Minimum Qualification: MBA ( Finance) or equivalent b) Work Experience

- 5+ yrs of experience in Gold Loan Operations


- should be with a bright academic record or have worked with Big 4 firms / reputed companies.

- robust acumen to analytical skills, process approach, out of box thinking, interpersonal communication and ability to assess the processes in light of the business impact. Apply on Kit Job: kitjob.in/job/4nb42w