Alankar Choudhari

Strategic Design and Process Improvement -

• Reengineered the validation and controls testing framework, streamlining workflows to enhance audit accuracy and operational efficiency.
• Spearheaded the Global Authority Matrix (GAM) Revamp Project, transforming a legacy system into a simplified, process-oriented framework, aligned with current business requirements.
• Developed a comprehensive monthly insights dashboard, empowering stakeholders to visualize control gaps, and execute data-driven corrective actions.
• Executed biannual control rationalization, identifying opportunities to scale controls across new entities, and optimizing the control environment.

Audit, Risk & Compliance Management -

• Directed the annual Control In-scoping exercise, formalizing the methodology into a policy document to ensure institutional knowledge retention and process continuity.
• Managed GIA and Statutory Audit issue remediation, ensuring 100% adherence to timelines and maintaining rigorous documentation standards via SharePoint.
• Facilitated "Periodic Connects" with Global Leads, providing strategic insights into functional performance and aligning GRC focus areas with future business objectives.
• Led regional executive communications, reporting on self-assessment trends and "slow-moving" issues to accelerate the adoption of control improvements.

Team Leadership & Quality Assurance -

• Oversaw Quality Assurance (QA) for subordinate control testing, validating documentation integrity and outcome accuracy within the GRC system.
• Acted as a primary Dispute Resolution lead, mediating technical disagreements between validation teams and control performers to maintain project momentum.
• Mentored team members on "Low Scoring Analysis" by brand, synthesizing findings to provide stakeholders with actionable intelligence on control failures.
• Spearheaded organization-wide training programs on control fundamentals and GRC system navigation to standardize compliance literacy across the firm.

Stakeholder Engagement and Advisory -

• Advised Functional Owners and Risk counterparts on control redesigns, proactively identifying process changes during testing phases to mitigate emerging risks.
• Collaborated with control owners to resolve identified gaps, negotiating remediation timelines and ensuring formal acknowledgment of accountability.

• Assessing the Controls in allocated work stream, and sending the communication to respective process owners for confirming the Process understanding based on data base system and previous year’s knowledge.
• Conducting the walk throughs for the new and changed processes, and confirming the same via Process Understanding Write-up.
• Communicating the requirements of the data for selection of the samples.
• Providing the list of samples along with the evidences required.
• Evaluating Test of Effectiveness and Test of design of the Controls, and communicating the queries or observations with the Process Owners, if any.
• Also, I have been appreciated by my fellow colleagues 8 times since joining the organization for various reasons such as Integrity, Collaboration, Agility, Team Work, etc.

IFC SOX - Internal Financial Controls Testing -

• Automated NPA Identification: Optimized the identification of Cross-Product Non-Performing Assets (NPAs) by transitioning from manual tracking to a system-based automated solution, increasing reporting accuracy and speed.
• Investigated & Rectified Reporting Fraud: Uncovered a critical flaw in the "Conversion of Accounts" process where new CIFs were created to reset Days Past Due (DPD) from 89 to 0; successfully mitigated NPA reporting evasion and strengthened audit oversight.
• Enhanced KYC & Revenue Assurance: Recommended a robust PAN-based validation system to identify linked NPAs across the portfolio, preventing revenue leakage and ensuring regulatory compliance.
• Mitigated Credit & Legal Risk: Proposed a Memorandum of Understanding (MOU) based sanctioning framework to ensure legal enforceability and prevent the misallocation of bank funds.
• Strategic Market Expansion: Identified a synergy opportunity within the Supply Chain Finance portfolio to cross-sell "Fastag" products, leveraging the existing customer base to capture new market share.

• Optimized Labor Cost Management: Identified significant budget variances caused by double-rate overtime payments due to uneven labor allocation; implemented a strategic hiring model that reduced operational costs by replacing excessive overtime with a right-sized workforce.
• Revitalized Scrap Management & Revenue Recovery: Redesigned the scrap tracking framework to provide real-time visibility into inventory levels, enabling data-driven disposal decisions that maximized revenue from scrap sales and eliminated inventory leakage.
• Detected & Mitigated Payroll Advance Fraud: Uncovered a sophisticated fraud scheme involving "cyclic transactions" in worker advances; implemented tighter controls and periodic audits to prevent the misuse of company funds and ensure repayment integrity.