Vice President
Societe Generale
Total years of experience :18 years, 6 Months
Internal Audit
Currently working as a Senior Business Audit Supervisor with the Internal Audit team
Responsible for supervising multiple audits to ensure quality and timeliness of delivery
Assist Head of Audit in preparation of risk based audit plan, budgeting and allocation of resources to audit missions.
Experience in complex audits cutting across various geographies ensuring seamless communication with global teams to meet assignment objectives
Evaluate the effectiveness of internal controls and determine compliance with organizations policies, procedures and regulations
Preparation and distribution of high quality audit reports to the senior management at the conclusion of the audit
Recommend internal control improvements to mitigate identified risks as part of the audit and follow up to ensure timely closure
Wide exposure to audit of wholesale/ investment banking processes. Knowledge and experience span across process related to investment banking middle office, market referential activities, KYC and AML, etc.
Ensure adherence to audit methodology in line with applicable standards including documentation of audit work papers and applicable governances.
Work closely with the internal quality assurance team and ensure gaps identified during QAR review are addressed and corrective actions implemented for future audits.
Engage senior management in discussing potential risk areas and agree on suitable remediation plan
Contribute and participate in various management forums such as risk and audit committee meetings, regional governance forums, transformation initiatives, etc.
Banking risk professional with MBA in International Business from reputed institute (Symbiosis Regular Course)
Expertise in Operational Risk Management for Wholesale Banking Businesses with exposure to Foreign Exchange, Money Market, Derivatives, Securities, Trade finance and Payments Operations
Experience in embedding operational risk framework across various teams
Effective stakeholder management skills with experience in engaging stakeholders at multiple levels and across regions
Good understanding of inherent operational risks and the mitigating controls within investment banking operations
Hands on experience in using various risk management tools like RCSA, Scorecards, and Heat Maps to assess the operational risk health of any process
Extensive risk review experience spreading across a variety of operations processes
Methodology used includes testing of design and operating effectiveness of key controls and working with the operations to closeout any identified gaps
Reporting and managing risk incidents by escalating them to key stakeholders, carrying out root cause analysis, ensuring appropriate remedial actions to strengthen the controls
Good analytical skills which enables effective summarization and presentation of relevant data to the senior management
Six Sigma Green Belt trained with good knowledge of quality management processes and quality implementation techniques.
Hands-on experience in managing and rolling out quality improvement projects in banking operations
Currently pursuing Financial Risk Management (FRM) course offered by GARP. Cleared FRM Part - 1
Worked with the operational risk team facing off to the whole sale banking as a risk manager
The role involved partnering with operations teams to help them identify, assess, control and monitor operational risk on an ongoing basis
Help the businesses to deploy risk framework within their processing shops
Prepare and discuss risk heat maps with business leaders to highlight any operational risk issues
Liaise with the Operations manager and delivery leads at various levels to identify and close operational gaps within a process
Validate and analyze risk metrics (KRIs’ and KCIs’ relating to people, process, system and compliance) from various operations team and ascertain the risk profile of the process
Assess risk for new migrations and changes to the existing processes from an operational risk, compliance and legal point of view
Attend Global Risk Council meetings and provide inputs from a India operational risk point of view for projects tabled for review
Conducting periodic risk and compliance re-validation of the live processes
Conducting process risk reviews for processes and report non-compliance to policies and procedures
Scope of processes reviewed include, Static data setup, Derivatives trade documentation, Global trade finance and Global Payment operations
Conducting risk related training sessions for varied audience from time to time
Worked with the syndicated loans department of the bank and responsible for managing Internal control & risk related activities for the entire department
• Interface with the onshore counter parts (Global & Product Control) to ensure all control requirements & initiatives are implemented in a timely and effective manner within the Chennai team
• Ensuring teams preparedness for Group Internal Audits and other external Audits
• This would be accomplished by conducting mock audits and closing out any gaps that would have been observed in these audits
• Carrying out risk & control assessment of the processes within the department and ensuring effective controls are implemented across identified gaps
• Review and testing of SOX controls
• Conducting SOX trainings
• Ensuring processes adhere to regulatory & compliance requirement like, Anti money laundering, KYC requirements, etc.
• Reviewing open items (both nostro and other past dues) to ensure they are within their permissible levels
• Ensuring no major audit observations for the department in any of the audits
• Ensuring business continuity readiness for the department, by documenting and testing recovery capabilities at regular intervals
• Facilitating teams in attaining good control environment around their processes & delivering control related training to the teams as and when required
• Ensuring compliance to (Information Security Standards) ISMS 27000 & (Quality Management System) ISO 9000:2008 standards
Have hands on experience in syndicated loans operations (In Loan IQ) with knowledge spanning across the following areas of loan processing
• Processing of new loans and Loan rollovers within a credit facility
• Operational responsibility as an agent bank
• Worked out of London for three month for migrating this process
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Worked with the Organizational Excellence group of the bank
This group takes quality initiatives across all the business groups of the bank
Implemented Lean projects across various businesses in the bank. This involved process study & process re-engineering across asset & liability Ops shops of the bank
Worked on projects under the WoW umbrella making use of a varied range of quality tools
Certified iQMS auditor for Level 3, a process management system for ICICI bank
Provided hardware support to customers in Asia Pacific region.
Worked in a team supporting commercial products such as laptops, handheld devices and projectors.
Coordinated with the service center, call management, sales and other departments in resolving customer issues.
Handled escalated cases involving extensive research on technical issues.