Senior Auditor
Mashreqbank
Total years of experience :14 years, 7 Months
Ensured that Hadoop Big Data is actively used during audits for extracting data for analysis and identification of control gaps. Actively participated in testing of Hadoop for implementation and guided in knowledge transfer to other staff in the department.
•Actively followed up for open action items to ensure that the agreed action plans are duly implemented and closed on timely basis
•Ensured that the audits are carried out and workpapers are comprehensively prepared covering the scope, risks and test of controls in line with IIA standards
•Key Audits include Audit of Service and Manufacturing division, Corporate Finance Division, Global Transaction Services, Real Estate, Corporate Operations etc..
Participated in the audits as per audit plan and have added value to the organization by highlighting risks including revenue leakage, regulatory risks, credit risks and operational risks gaps in process, non-compliance to policies and procedures and opportunities underlying.
•Some of the key audits participated during this tenure was of Direct Sales, Fraud Prevention and Intelligence Unit, Foreign Trade Operations including Imports, Exports, Factoring operations, Treasury Business and Operations, Finance and Accounts.
•Reported non-compliance and Control gaps with comprehensive recommendations to mitigate associated risks
Retail Audit
•Participated in the audits as per audit plan and have added value to the organization by highlighting various risks in the organization
•Many of the responsibilities mentioned as an Auditor was also performed as
Credit Evaluator - Risk Management -
•Evaluated Mortgage Loan Applications of Salaried and Self Employed Individuals both Residents and Non Residents.
•Reviewed Financials of Self Employed Individuals’ Business financial statements which includes analysis of Profit and Loss statement, Balance Sheet, Cash flow and Ratios. Making visits to prospective Clients business to have full understanding of the Client’s business model before preparing credit proposals
•Prepared detailed proposals highlighting the strengths and weakness of the application and deviations to the Bank’s lending policies wherever applicable to enable Management in taking qualitative decisions
•Analyzed and evaluated Non Residents Client Profile from all over the world, evaluation of which requires knowledge and expertise on documentation that varies from one country to another
•Conducted Training sessions for new employees / Relationship officers and Direct Sales Agents (DSAs)
•Proactively provided suggestions on Credit Policy changes, managed MIS for the Department
Processed vendor bills and its payment on timely basis
•Tracked the vendor bills within the organization from the receipt till the final payment and Liaised with Vendors for reconciling their balances
•Managed the distribution of Vendor bills among data entry operators, reported Accounts payable related items as part of the monthly financials
•Involved in streamlining the system for tracking the costs on Package tour operated by DNATA
Monitored and Reported the Company’s Debtors & Stock Position, reviewed Debtors aging and interacted with Marketing Department for Overdue Debtors
•Ensured proper accounting for Sales & Inventory
•Involved in finalization of Annual Accounts
•Ensured reconciliation of Sales Tax and interacting with Commercial Department for un-reconciled items
•Ensured valuation of assets with respect to payment of Property Tax
•Involved in developing systems for automated Payroll processing
Creating the audit plan based on risk-based methodology
•Managing team of auditors to ensure completion of Audit Assignments end to end in line with the Audit Plan.
•Risk Identification, control testing and recommending process improvements
•Providing Head of Audit and Senior Manager Audit with detailed progress updates of audits, including major findings and problems encountered, if any
•Ensuring preparation of the Exit Notes and presenting the key points for discussion in the Challenge Session and Exit Meeting, preparation of the Audit Report and ensuring release on timely basis.
•Ensuring that all the balance score card parameters are met and timelines are adhered to and appropriate escalations are done wherever required
•Key Audits include audit of Special Assets, Legal and Recovery, Emerging Corporate Division, International Governance Unit, Contracting Finance, Audit of India Branch-Corporate etc…
•Apart from the above, was elected as the Group Employee Engagement Champion for 2018. Focused on building the employees morale and team spirit, organized various events and have been recognized for many out of the box and creative ideas. Have been acting as Engagement champion for the last 3 consecutive years at Division and Unit Levels.
courses: ‘2018 – CIA, US ’1998 - ACA, India