Principal
Qatar National Bank
مجموع سنوات الخبرة :38 years, 3 أشهر
Audit Follow-up
and Reviews
OMAN
Highlights of the career
Conducted IT and Core Banking area examinations in CBO assignments and did help causing paradigm shifts in the
attitude of Banks to the Examination
Investigated embezzlements, identified and recovered revenue leakage of more than hundreds of thousands of US Dollars,
Saudi / Qatari Riyals and Indian Rupees in Treasury deals, in Trade products commissions and charges, Cash
disbursement and shortages, ATM accounts, unreconciled accounts, interest losses and also prevented losses in Treasury
derivative products
Drawn the attention of the Management to inadequacies of many a software and prevented implementations, and collected
back ATM cash dispensed without debits to customer accounts, identified software deficiencies in Treasury derivatives
and discontinued obsolete printouts helping in savings and confidentiality of client / depositor information
Instrumental in recognizing the talents of Branch Managers, changing of Branch locations through critical analyses,
comments; pro-active and objective reports helping in timely remedial Management actions
Actively helped resolving fraud in fuel consumption in the far-flung Transport fleet of a premier mining company as a CA
apprentice - Participated in Y2K project in KSA.
‘CV
corporates alike, far beyond compartmentalized audit functions. Could be a pivot for monitoring projects and initiatives;
Ideal candidate for independent director in Corporate Boards. In the long-run suitability as an independent director in a Group
or for Group of Investors is sought-after.
Conceptual trailblazer: Unique ideas for respective situations brought in…
1. Brought in unique concept of ‘management SWAT team’ for a bank and guided on eliminating and avoiding
recurrences of audit risk-gaps in the Kingdom of Saudi Arabia.
2. Brought in the concept of recognizing, enumerating and capturing residual risks in banking to have risks
identified and managed in Qatar.
3. Utilized the option of ‘critical comments by the auditor’ to bring revolutionary changes in a Bank’s outlook in
India since 1979.
4. Ushered in enhanced regulatory supervision activities of a Central Bank, to include the concept of men and
machines - People behind transactions - Risk, HR, Audit and information technology in addition
exhaustively covered area of Credit and Treasury, there by broadening the Regulator view of banks and
financial institutions. System of risk based quantum of penalties on infractions of law was documented.
New concept of Bank inspection / examination encompassed almost all activities that measured the
stability and financial health of the Licensed Institutions.
Professional go-getter: recover leaked revenues and stop recurrence of risk events…
5. Identified, investigated, captured and recovered operational losses, revenue leakage in millions of
respective currencies in GCC and India irrespective of Institution served. This attribute has begun in 1976
in India and continued in GCC countries, by management support and appreciation. Helped recovery of
financial leakages in frequently from 2006 till 2015 in Qatar
Helping the host realize goals: constructive helper…
6. Empowered Nationals in GCC nations by identifying, training and recommending right person/s.
Current perspective:
7. Until now, in accord with IIA mandate on consultancy services for internal auditors, advised on
management referrals on policies and procedures, incidents, new businesses, contracts including legal
aspects under advice and instructions the head of audit. As Audit representative, helped bank achieve co-
development of policies and procedures as part of Corporate Governance project of a major GCC Bank, a
first unique project in the Country. Investigations with out-of-the-box initiatives that resulted in large amount
of recoveries of lost amounts within the country and from US. The result is continued track record in
securing the financial health and safety of employer/s in close liaison with the businesses, mitigating
identified risks / gaps and avoiding recurrence.
What I aim for:
8. To enhance functional horizon to include a Group at large - Subsidiaries and new Ventures.
Gopinath, Chartered Accountant, 1273,
Sai Mandiram Road, 1st
F main, Girinagar, Bengaluru -560085
8197053948
Summarized profile: Private & Confidential
Gopinath
2of 5
Private and Confidential
The applicant can provide service in all or any of the legal, audit, risk control, compliance and security matters
related to Banking \[Corporate and SME, Treasury and Investments, Trade Finance, International / Institutional, core
/, branch banking, Private and Fiduciary banking, Legal and Information Technology.\] in addition Regulatory skills
for banking sector. It would suffice to state that there is track record of accomplishment in at least four Countries - 3
in GCC, of successful application of multi-dimensional and disciplinary skills to assure the following:
Special Services:
A point of contact for all Group investments like, overseas branches, subsidiaries, joint ventures
Including cost-benefit analysis on periodic basis
Providing directorial services- as independent professional director or specialist invitee for a board
committee like Audit committee or Nomination committee for subsidiaries or joint ventures
Upkeep and update of MIS on subsidiaries and joint ventures from the Group objectives
Generic services:
Provide the Board and the senior Management a certain peace of mind and assurance of quality of internal
controls
Maintenance of the Audit charter on a continual basis
Risk based Audit plan conserving resources yet ensuring audits on best practices basis
To provide periodic and special reports
Continually review of the adequacy of audit methodologies
Review of policies, procedures, operating / instruction manuals, guidelines, details of new products and or
circulars etc., as part of advisory / consultancy services to the Management
Summarized profile: Private & Confidential
Gopinath
4of 5
At QNB handled functions:
Follow-up function:
* Created the concept of residual risk register for the Group - robust function of follow-up
* Receive audit and other reports \[regulatory or external audit reports for branches, annual management letter etc\] from
GCAE. Include department and group wise, high and medium risk open items into the progress report.
* Provide statistical details of open items to Group Risk Committee along with outstanding report for including the
same for Group Risk Committee meeting.
* Submit quarterly report of follow-up to GCAE for placing before the Group Audit and Compliance Committee.
* Arrange through GCAE biannual meeting with either GCEO or EGMs to deliberate on outstanding audit points,
overdue items and various non-audit related but GCAE raised issues for resolution or target dating of chronic items.
* Forward the same to the nominated coordinators of each Group. Activate coordinators where there is none nominated
by contacting Group GM / EGMs.
* Follow-up and liaising with the coordinators for implementing high and medium risk rated audit recommendations.
* Escalate issues needing the attention of auditee, auditors and or GCAE where necessary to resolve pending issues.
Actively pursue complex issues where auditee is not in accord with the outstanding point.
* Provide feed back on the progress reports forwarded by coordinators
* Inform GCAE on risk events, reconciliation issues, eventual problems on various non-audit or audit related items for
inclusion in biannual meetings or to be raised to senior management for resolution or action.
Review function:
* Be a single point of contact on behalf of GCAE/GIAD for policies, procedures, referrals within / from QNB Group.
* Perform special reviews such as new projects / systems, policies and procedures as and when required and advise on
appropriate controls without prejudicing its right to subsequently audit them.
* Review policies, procedures, governance documents, new ventures, processes, circulars before issue, MoUs, risk
frameworks, BRS \[Business Requirements Specifications\] documents, legal contracts, project documents etc base on
applicable standards, diligence requirements, directives of regulators and recommendation by professional bodies etc,
and conforming to internal audit charter, QNB standards and practices.
* Where called upon, review of new systems, IT projects, products, etc based on system development life cycle,
product development cycle and other standards, conforming to internal audit charter, QNB standards and practices.
* Actively pursue with policies and procedures department to provide additional documents, information, etc from
counterparties and provide a comprehensive value-added advise/feed back to allow the concerned to take cognizance
of risks, rewards on business processes.
* Render assistance, support, and guidance in this activity to those seeking audit reviews.
Investigation:
* Conducted investigations / special assignments and consequently vehicle of significant trailblazer recoveries.
* Function as a single point of contact of on behalf of GCAE for investigation and risk events upon specific assignment.
Provide professional evaluation of the event and recommendations for issuance of the same to GCAE.
*
.
Audits / Others assignments:
* Develop the audit universe for special tasks identifying auditable entities for annual audit plan for the Group Chief
Audit Executive (GCAE) for review. Determine and identify risk elements for each; considering bank’s risk matrix,
assess inherent and control risk; estimate residual risk; determine criticality and assign priority for each subject.
Progressively consider changes in audit and risk universe, identify gaps in enterprise risk definition or controls.
* Where necessary, liaise with relevant business heads and other stakeholders to consider business priorities, and
frequency.
* Carry out planned audits on compliance function of the bank.
* Keep track of compliance or risk events and report to GCAE periodically.
Day to day functions:
* Provide advisory services in all referral matters like input, oversee and review referrals from various departments,
authorities
* Provide audit services and other activities beyond normal channels and assigned tasks by providing innovative
suggestions, implementing methods and processes that benefit GIAD and QNB.
Audit Manager-Special Tasks
a) Audit nodal point for review of policies and procedures, approval of new products, outsourcing and other
referrals; quality under Corporate Governance Project for the Bank, b) management assurance through
follow-up of audit observations of Domestic and Overseas branches, c)conducting of investigations as
required, keeping abreast of risk events and fraud incidents, d) ensuring compliance with the reports of
Regulatory Bodies and External Auditors, liaison with senior management of auditee departments and other
audit managers and systems available, and e) be focal point along with risk department for self-assessment
of risks, audit of corporate level high risk / delicate departments such as Risk, Human Capital, Financial
Control, Communications and Compliance Departments etc.
Summarized profile: Private & Confidential
Gopinath
5of 5
Senior Bank Examiner-CBO
Assignment involved onsite Regulatory functions. Ensuring compliance with banking and related laws by Banks /
NBFCs in Oman that include evaluation of credit portfolios, capital adequacy, loan loss provisions, management, and
internal controls, earnings and liquidity. Evaluation of Internal Audit, IT, Trade Products, Treasury, Back Office,
Branch and Management etc. All affairs of a bank are scrutinized to ensure its safety and soundness. Been Examiner-in-
charge of all major banks in Oman. Have been conducting specialist assignments in IT and Internal Audit. Full scope of
functions of EIC is wide.
Bank Auditor-SAIB-SHB
Bank-wide interactive operational audits of Branch operations, Corporate, Retail and Fiduciary (HNW clients)
Banking, Credit Administration, Trade Products (LC/LGs), Treasury and Investment services, Derivatives and
Branches
Critical analysis of findings, providing of recommendations to the Senior Management for appropriate actions
Investigations of fraudulent transactions and cash shortages, training of staff (special assignments) etc.,
Software review during development, prior to implementation and generally reviewing control aspects in the
operation of Electronic Fund Transfer (EFT) / SWIFT, ATM/Point Of Sale (POS) systems
Risk based objective audits resulting in significant savings and higher control awareness in the Banks
in Physics and Mathematics.
courses: /Note 1 Certified Information Systems Auditor, CISA Information Systems Audit and Control Association, USA 2000 Review of security and control of IS / IT Systems and audit. 2 Company Secretary, A.C.S. The Institute of Company Secretaries of India 1979 Corporate, Social Economic- laws and Accountancy. 3 Chartered Accountant, A.C.A. The Institute of Chartered Accountants of India 1978 Secured 37th rank in Inter C A - Corporate /
courses: /Note 1 Certified Information Systems Auditor, CISA Information Systems Audit and Control Association, USA 2000 Review of security and control of IS / IT Systems and audit. 2 Company Secretary, A.C.S. The Institute of Company Secretaries of India 1979 Corporate, Social Economic- laws and Accountancy. 3 Chartered Accountant, A.C.A. The Institute of Chartered Accountants of India 1978 Secured 37th rank in Inter C A - Corporate /
courses: /Note 1 Certified Information Systems Auditor, CISA Information Systems Audit and Control Association, USA 2000 Review of security and control of IS / IT Systems and audit. 2 Company Secretary, A.C.S. The Institute of Company Secretaries of India 1979 Corporate, Social Economic- laws and Accountancy. 3 Chartered Accountant, A.C.A. The Institute of Chartered Accountants of India 1978 Secured 37th rank in Inter C A - Corporate /
courses: /Note 1 Certified Information Systems Auditor, CISA Information Systems Audit and Control Association, USA 2000 Review of security and control of IS / IT Systems and audit. 2 Company Secretary, A.C.S. The Institute of Company Secretaries of India 1979 Corporate, Social Economic- laws and Accountancy. 3 Chartered Accountant, A.C.A. The Institute of Chartered Accountants of India 1978 Secured 37th rank in Inter C A - Corporate /