Senior Manager Risk Management
Rakbank
مجموع سنوات الخبرة :18 years, 2 أشهر
Transformed Audit Strategy of the Bank by building strong framework on Auditplanning, scoping and redening audit methodology.
Built and implemented robustprocesses on documentation of audit and quality assuranceprocess.
Developed strong framework, Risk Management policies.
Set-up fromground up & managed the Enterprise Risk Management department of the Bank.
Played a pivotal role in driving Strategic Initiatives of the Bank on ERM, Fraud & Risk, Corporate Governance & Audit.
Introduced Risk based scoping of audit annual plan, enriched internal auditreviews by employing data analytics, enhanced audit work programs andenhanced efficiency
Improved Audit productivity by deployment of enhanced audit scheduling and reducing 20% average hours / efforts in conducting audit reviews
Enhanced audit effectiveness by revamping audit approach & identifying key risksand control gaps leading to increase in key audit findings
Effectively communicated, reported & presented Audit reports to Board & Committees with direct interaction with Board and Senior Management
Shaped an Integrated Risk Unit from a team of 15 staff to a fully functional &effective Risk organization with over 100+ staff working directly with the CRO
Overhauled Risk Appetite process by introducing relevant limits for portfoliospecific risk threshold aligned to the Bank’s three year strategy set up monitoring& reporting mechanism
Introduced new risk triggers for Liquidity, Interest, Country, Compliance, Information Security, Reputation Risk, People Risk.
Operational & Fraud Developed from scratch the Bank's Enterprise Risk Policy, Operational Risk Policy, Fraud Risk policy, Liquidity Risk Framework,
Co-developed the Banks Credit Policy & enhanced Product lending guidelineswith new controls based on behavioral analysis & statistics
Supervised & managed the Banks strategic risk activities such as ICAAP, RiskModelling, Stress Testing, IFRS 9 implementation, Funding Plan, Investment policy& Contingency Funding Plan
Implemented Enterprise Fraud System- one of the first executions in GCC of aleading solution on proactive Fraud prevention.
Identified Fraud vulnerabilities& designed critical scenarios & rules in the Fraud System engine resulting insavings of AED 2 Mn per month from start.
Pioneered the Corporate governance framework of the Bank and developedBanks first Corporate Governance policy and Independence, Related PartyTransaction and disclosure policies
Created the Bank’s Whistle blower policy & framework, implemented automatedprocess & deployment of System resulting in effective ombudsman process (20+reporting in 1 year)
Established Risk Acceptance Process, Concentration Limit monitoring, Countryrisk triggers & monitoring and Liquidity Structural Framework Effectively communicated, reported and presented Risk reports to Board &Management Committees with direct interaction with Board members and SeniorManagement
• Key member of Technology sector at EY. Led various engagements delivering a wide range of services including but not limited to process reviews & re-engineering, cost optimization, internal audits & compliance management
• Currently leading teams on assignments spanned across more than 15 countries in North America, Europe, LATAM, APAC and Middle East for leading IT companies in India with global presence
• Seasoned and updated in regulatory domains of Employment, Immigration, Data Privacy, and Payroll Tax laws.
Responsibilities in current role: Business development support, Client Relationship Management, Development of new solutions for EY advisory practice, Account management, Quality management of deliverables, and Talent & People Management- hiring, counselling & mentoring, and conducting trainings
Career Highlights
• Managed and mentored a team of over 10 people on engagements as well as in their career growth in EY
• Pioneered the development of ‘global compliance solution’ along with my team, which is now one of the leading solutions being offered to clients across industry sectors- Current Portfolio of over USD 40 million.
• Designed and developed global compliance framework for large technology clients in India.
• Successfully completed over 10 projects for clients in the technology space involving identification of potential non-compliance with local laws and advisory on mitigation measures against exposure to legal liabilities.
• Led the Global Internal Audit of India’s largest technology company as well as 3 others amongst the top 10 IT companies of India. Involved in planning, managing & supervising end to end delivery on projects.
• Identified cost savings of over USD 2 billion through improved operational model, process redesign, administrative cost reduction and savings from tax planning & fiscal incentives for various clients over last 6 year.
• Led payroll and HR process review for India’s largest technology company (turnover over USD 11 billion annually) with over 285, 000 employees. Covered complex payroll models for company operations across the United States as well as multiple countries in Europe, Latin America, and Australia.
• Consistently rated in the top 10% and achieved fast-track promotions based on exceptional performance in internal appraisal and client ratings. Awarded ‘EY Sparkle’ for recognition of exceptional performance
Designation: Manager, EY Advisory Services (2013 till date) Associate Consultant: 2008 to 2009
Solutions: Consulting, Global Internal Audit, Compliance
Senior Consultant: 2011 to 2013
Ernst & Young LLP (EY), India Consultant: 2009 to 2011
Nagda & Gada Chartered Accountants- Audit Assistant Apr 2006 to Aug 2007 (1.5 years)
• Assisted in statutory audits for clients in the banking sector and serviced other SME clients
Leadership Positions & Achievements
• Subject matter expert in advisory practice for compliance
• EY Ambassador at 'Leaders Quest' (a social enterprise aiming to Interests: Enjoy photography, passionate about improve quality of leadership in the world & the way in which travel, adventure, trekking, Music and Sports
leaders have impact) for two consecutive years. Languages: English (Professional competence),
• Professional chess player with International rating- participated & German (Intermediate), Hindi, Marathi (Native)
won in more than 150 domestic & international events
• Awarded the prestigious 'Best Student' award in University (amongst 400 colleges from the state) for outstanding
overall achievements in Leadership, Academics and Sports.
• Statutory Audit: Conducted external audit of a nationalised bank for two financial years. Responsibility included planning & executing the audit plan, ensuring timely & comprehensive coverage of audit area.
• Accounting and tax filling: Assisted in finalizing books of accounts for filling tax returns. Preparing tax returns for small sized retail firms.
Specialized in Business & Management
• Master of Commerce (Mcom) in Management from R.A.Podar College, Mumbai University, India, 2009
• Chartered Management Accountant (CMA) from CIMA, UK, 2007
Was one of the youngest to complete the entire course
Graduated from the no 1 college in Commerce in Mumbai and one of the top institutes in the country
Completed all 4 levels before graduation
Systems audit and Security