Summary
Overview
Work History
Education
Skills
Certification
Accomplishments
Timeline
Generic
Abilash  U B (Internal Audit- Retail & MFI)

Abilash U B (Internal Audit- Retail & MFI)

Mysore

Summary

Looking for a challenging position with a reputed organization to utilize the 6+ years of rich experience in industry which involves internal audit to increase profitability and enhance the growth of the organization.

Overview

7
7
years of professional experience
1
1
Certification

Work History

Manager - Internal Audit

Kotak Mahindra Bank
Bangalore
09.2024 - Current
  • Conducting end-to-end business audits of commercial banking products.

State Audit Manager - Internal Audit(Retail Loans)

IIFL Samasta Finance Company Ltd
Bengaluru
04.2023 - 09.2024
  • Managing and monitoring a retail audit team of 12 members for the region(KA&APTS).
  • Prepare and administer quarterly audit plans in the company, covering processes and controls in the following areas.

- Branches - Sales, Underwriting, Collection, and Operations

- Human Resources

- Compliance

  • Lead planned audits, i.e. Inspecting accounts, checking compliance with applicable laws, detecting ineffective or inefficient practices, and verifying financial records and branch audits.
  • Ensure timely and accurate completion of the audit plan.
  • Reviewing field auditors work to continuously develop strengths and identify areas of improvements.
  • Ensuring compliance with Company's policies and procedures.
  • Draft internal Audit reports and communicate effectively to stakeholders as well to the management.
  • Conduct audit discussions with respective stakeholders to establish root causes of audit observations identified and to obtain management action plans for remediation of the audit observations.
  • Audit compliance review and closure.
  • Early warning/critical non compliance observations review and publication to stakeholders.
  • Audit MIS preparation and submission.
  • Prepare and revision of audit checklist based existing process and policy changes.
  • Develops and maintains productive staff management through individual contacts and group meetings.
  • Assist auditors in defining audit objectives, scope, and methodology to ensure they comply with company policies and procedures.
  • Supervisory visits to branches.
  • Manpower recruitment.
  • Part of disciplinary action committee to conclude cases.
  • Participated in fraud investigations, gathering evidence to support legal proceedings when necessary
  • Conducted regular training sessions for audit staff, increasing their knowledge and skill set in the field.

Assistant Manager - Internal Audit(MFI & Retail)

IIFL Samasta Finance Company Ltd
Bengaluru
04.2020 - 03.2023
  • Coordinate and work along with the field internal auditors and drafting audit reports.
  • Follow up with various stakeholders on action plan implementation.
  • MIS Preparation and submission to the stakeholders within time.
  • Preparation of the audit checklist by reviewing the various process of the organization and review and revision of audit checklist on every quarter by considering the change in the business and processes.
  • Preparation of Audit Plans across PAN India branches by considering the various factors and risk.
  • Reviewed the field auditors work to continuously develop strengths and identify areas of improvements.
  • Publishing the audit reports to stakeholders and follow up till the closure.
  • Conducted various functional departments audits.
  • Worked on automation of audit procedure and performed various testing and coordinating with IT team for any new requirement , changes in the present flow and escalating the technical issues.
  • Trained newly hired employees on company processes, procedures and deadlines.
  • Conducted Branch audit for Both secured and Unsecured loans.
  • Experience in Performing CSR projects audits.

Executive-Internal Audit(MFI)

IIFL Samasta Finance Company Ltd
Bengaluru
11.2018 - 03.2020
  • Worked as a field auditor by conducting Regular and Special audits across Karnataka Branches.
  • Investigation of customers on a sample basis as per branch portfolio.
  • Preparation of audit observation and share it HO level.
  • Identified majors frauds across Karnataka Branches.
  • Conducting Loan Documentation Audit.
  • Participating in CGT, GRT and LD process at Branches.
  • Supporting Vigilance Department by screening of fraud cases.

Credit Executive- Quality Assurance

Shriram Transport Finance Company Ltd.
Karnataka
10.2017 - 03.2018
  • Conducted Branch Audits across Karnataka Branches - Verifying the quality in Business and Collection.
  • Cross Checking the agreements, handling Complaints and Resolving issues.
  • Preparing audit draft report, Rectification report, Compliance report, Customer Survey Report.
  • Visiting clients on a sample basis.
  • Document Verification.
  • Cross verifying the SOA.
  • Escalating the issues to the supervisors on a timely basis.

Education

MBA - Finance And Marketing

Vidyavardhaka College of Engineering
Mysore, India
06.2017

Bachelor of Commerce - Accounts And Taxation

D Banumaiah's College of Commerce And Arts
Mysore, India
06.2015

Skills

  • Internal audit
  • Expert knowledge of working tools (MS Office)
  • People management
  • Team handling
  • Fraud investigation

Certification

  • IIBF Certificate of Microfinance Examination.
  • IIBF Certificate of AML-KYC Examination.

Accomplishments

  • Awarded as the Best Employee in the Year 2019, 2020 and 2021.
  • Identified Dual Products Disbursed to same customers and ensured to proper control is implemented.
  • Identified Lapses in Credit Bureau check in system and where the loans are disbursed to delinquent customers.

Timeline

Manager - Internal Audit

Kotak Mahindra Bank
09.2024 - Current

State Audit Manager - Internal Audit(Retail Loans)

IIFL Samasta Finance Company Ltd
04.2023 - 09.2024

Assistant Manager - Internal Audit(MFI & Retail)

IIFL Samasta Finance Company Ltd
04.2020 - 03.2023

Executive-Internal Audit(MFI)

IIFL Samasta Finance Company Ltd
11.2018 - 03.2020

Credit Executive- Quality Assurance

Shriram Transport Finance Company Ltd.
10.2017 - 03.2018

MBA - Finance And Marketing

Vidyavardhaka College of Engineering

Bachelor of Commerce - Accounts And Taxation

D Banumaiah's College of Commerce And Arts
Abilash U B (Internal Audit- Retail & MFI)