Ankit Kumar

• Directed enterprise-wide, risk-based internal audit function for pan-India steel processing service centers, aligning audit focus with strategic priorities.
• Providing independent assurance to the Audit Committee and Board on the effectiveness of financial controls and governance frameworks.
• Overseeing a co-sourced internal audit model, ensuring methodological rigor, and high-quality execution by external partners.
• Managing a preventive pre-audit framework for procurement and capital expenditure processes to minimize financial leakages.
• Executing thematic risk reviews to strengthen operational resilience and compliance practices.

• Implemented an audit strategy aligned with business objectives to enhance compliance standards.
• Provided MIS reporting to the Board, highlighting key risks and effective mitigation strategies.
• Tracked financial and operational KPIs to reduce variances, and improve accuracy in processes.

Some noteworthy accomplishments:

• Uncovered a 40% inventory shortfall (INR 121 million) by flagging gaps in inventory count procedures.
• Achieved recovery of INR 93.35 million by identifying inefficiencies in procurement operations.

• Conducted global audits, including SOX compliance and process walkthrough, across corporate functions.
• Recommended automation and control redesign, based on audit insights, to enhance efficiency.
• Created data-driven audit analytics supporting agile, predictive, continuous audit methodologies.

Some noteworthy accomplishments:

• Flagged $352 million risk exposure in third-party sales, prompting process restructuring.
• Co-developed a revenue cutoff outlier detection tool with the IT team for improved audit accuracy.

• Executed internal audits across AML, underwriting, claims, procurement, investments, and compliance for a $23 billion group.
• Applied data analytics to validate operational data and improve process audits.

• Directed internal audit and IFC testing engagements for clients across sectors.
• Managed a team of 8 auditors, ensuring effective oversight and quality control.
• Produced control gap reports featuring actionable recommendations to enhance client internal control environments.