Apurva Rathod
Mumbai,MH
Summary
Currently working as an Internal Audit professional with HDFC Bank in Mumbai, overseeing concurrent audits for FBO (Foreign Banking Operations), SOX compliance. Previously associated with Axis Bank, Suryoday Bank, and IndusInd Bank, where I was responsible for RCSA (Risk and Control Self-Assessment), KRI (Key Risk Indicators), and vendor risk audits. Bringing over 12 years of experience across branch banking operations, internal audit, risk assessment, evaluation of internal controls, regulatory compliance, and SOX implementation. Proven ability to support informed decision-making and drive continuous improvement through robust audit practices and risk management strategies.
Overview
14
14
years of professional experience
Work History
Internal Auditor – KYC & Compliance
HDFC Bank
05.2022 - Current
- Developed and implemented audit methodologies and controls to ensure compliance with internal KYC policies and RBI guidelines.
- Managed end-to-end SOX compliance processes, including detailed reviews of business processes and systems in alignment with regulatory changes.
- Evaluated and updated Risk Control Matrices (RCM) to reflect evolving control requirements.
- Collected and tested control evidence based on defined parameters to ensure adequacy and effectiveness of internal controls.
- Conducted control testing and documentation to support compliance assertions, identifying gaps and recommending remediation where needed.
- Conducted comprehensive audits of processes related to account opening, customer instructions, data analysis, and alert management to enhance operational efficiency.
- Reviewed and closed alerts, assessed risk categorization and revisions, and ensured timely compliance with regulatory timelines.
- Prepared and published detailed audit internal and concurrent reports, recommending corrective actions and tracking implementation.
Senior Operational Risk Manager
Suryoday Bank
01.2022 - 05.2022
- Developed and executed the enterprise-wide RCSA (Risk and Control Self-Assessment) plan across multiple verticals—from risk identification to policy and product review.
- Established and facilitated cross-functional discussion boards to strengthen risk governance and alignment.
- Monitored daily reports and deliverables from team members, ensuring timely and accurate risk insights.
- Reviewed and updated risk management frameworks and policies to align with evolving regulatory and industry standards.
- Conducted regular risk review meetings with senior leadership, presenting risk assessments and recommending corrective actions.
- Enhanced and refined existing risk models, improving accuracy in risk prediction and decision-making.
Operational Risk Analyst, RCSA, KRI
Axis Bank
05.2021 - 11.2021
- Managed the full KRI lifecycle, including validation and coordination with CARO across units.
- Led RCSA activities with risk-control matrix checks, process walkthroughs, and SOP evaluations.
- Prepared and published key dashboards and reports for senior leadership review.
- Reviewed committee notes and provided risk sign-offs for system changes and new product launches.
- Conducted RCM mapping and updated risk policies to align with regulatory standards.
Risk & Compliance Manager – Vendor & Collections Oversight
Indusind Bank
03.2020 - 05.2021
- Coordinated with external auditors on debt collection audits and compliance alerts.
- Led vendor risk evaluations, including billing analysis and performance tracking.
- Managed vendor incentives, performance letters, and key operational reports.
- Conducted customer experience audits and quality checks on vendor activities.
- Recommended improvements to internal controls for enhanced debt collection and vendor management.
Internal Auditor - Branch Operations & Risk Analysis Off Site Monitoring
HDFC Bank
06.2017 - 03.2020
- Evaluated and analyzed risks in suspicious transactions across PL/GL, CASA, FD, and RD accounts; issued alerts and recommendations on high-value or unusual activities, including dormant account activity and term deposit liquidations (MC/DD).
- Conducted audits on regulatory violations at branch and departmental levels; raised alerts, documented findings, and obtained formal responses.
- Published weekly and monthly MIS reports for the Branch Banking Head, including updates on operational losses, income reversals, and audit outcomes.
- Inspected branch and department-level processes to identify gaps; provided actionable recommendations for process improvement and compliance.
- Oversaw staff management functions such as reimbursement audits, DMS oversight, and late-sitting compliance monitoring.
Branch Banking Operations & Compliance Officer
TJSB Bank
05.2011 - 02.2017
- Streamlined end-to-end operational processes across CASA, FD, RD, challans, cheque clearing, NEFT, RTGS, and locker issuance, improving branch efficiency and compliance adherence.
- Spearheaded NSDL training initiatives at bank branches for demat account services; managed related tasks including demat account form formatting, DIS (Delivery Instruction Slip) input system setup, and product marketing.
- Liaised with external auditors during branch audits, addressing audit queries, negotiating on identified gaps, and implementing recommended corrective actions.
- Delivered professional customer support, guiding clients in accessing and utilizing banking products tailored to their needs.
Education
IRDA Professional -
01.2015
Masters Banking & Insurance -
K.J. Somaiya College
01.2013
NISM Certification -
NSDL Institute
01.2011
Graduation - Financial Markets
Bedekar College
01.2007
Skills
- SOX Testing
- Risk Assessments/Management
- Internal audit execution
- Internal controls understanding
- Vendor Risk review/audit
- Internal controls testing
- Regulatory understanding
- PPT presentation
- Microsoft Excel proficiency
- SQL
Languages
English
Hindi
Marathi
Gujarati
Personal Information
Date of Birth: 12/29/90
Timeline
Internal Auditor – KYC & Compliance
HDFC Bank
05.2022 - Current
Senior Operational Risk Manager
Suryoday Bank
01.2022 - 05.2022
Operational Risk Analyst, RCSA, KRI
Axis Bank
05.2021 - 11.2021
Risk & Compliance Manager – Vendor & Collections Oversight
Indusind Bank
03.2020 - 05.2021
Internal Auditor - Branch Operations & Risk Analysis Off Site Monitoring
HDFC Bank
06.2017 - 03.2020
Branch Banking Operations & Compliance Officer
TJSB Bank
05.2011 - 02.2017
Masters Banking & Insurance -
K.J. Somaiya College
NISM Certification -
NSDL Institute
Graduation - Financial Markets
Bedekar College
IRDA Professional -
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