ASHISH VASYANI

Responsibilities :

• Performed internal audits across 15 jurisdictions globally in newly formed internal audit function
• Led interviews with process owners and created risk-control matrices (RCM)
• Prepared working papers to ensure reported findings were adequately supported by evidence and verified
• Conducted debrief meetings to present audit findings to relevant process owners and senior management
• Delivered high quality audit reports covering identified issues, risks and recommendations

Key highlights :

• Improved commission payment process for client managers, impacting draft contracts generating revenue ~ $5 million
• Optimized the purchase-to-pay process to prevent unauthorized access, safeguarding monthly payments of ~$600K
• Developed system report with IT to review access rights identifying ~30% of users with inappropriate access
• Analyzed discrepancies in Know Your Client (KYC) completeness, sources of wealth and funds, client risk assessments, periodic review and screening of clients to ensure compliances with anti-money laundering regulations
• Restricted external payroll vendor access to company’s inhouse bank account, minimizing exposure to average bank balance of ~$3.8 million
• Advised on data retention and erasure measures and contractual issues with external data storage providers, prompting a shift toward organization-wide data protection
• Proposed protocol enhancements to ensure proper authorization of change requests related to supplier and client databases (specially in supplier bank details) in newly implemented system
• Suggested key optimizations in banking & treasury, including dual authorizations for payments and defining payments thresholds as per group policies in certain jurisdictions.

• Conducted risk and process-based audits for VFS entities in Saudi Arabia, Egypt, and UAE covering audit areas such as human resources, payroll management, administration, contract compliance, quality and training, call centre support
• Reviewed finance function areas, encompassing accounts receivable and payables, bank reconciliation statements, fixed assets, budget vs
• Actual performance, expense management, provisions, accruals, and compliance with statutory laws
• Performed process audit for enabling units such as data protection and corporate secretarial functions
• Coordinated with different departments to ensure compliance with organization’s standard operating procedures
• Developed the audit management module in RSA Archer to monitor closure of audit findings
• Conducted audit closure meetings with respective process owners based on audit findings.

• Conducted risk and process-based audits across diverse business divisions covering areas areas such as export operations, warehousing, revenue assurance, procurement, inventory management, user access rights, finance, and safety and security
• Identified revenue leakage of ~$15K (INR 12.44 lakh) and recommended system optimization to avoid further leakage
• Recommended changes to warehouse inventory management processes to reduce surprise inventory shortage debits
• Performed internal financial control (IFC) audit
• Conducted cash flow sensitivity analysis and covenant testing
• Monitored and tracked management’s progress on addressing audit findings, ensuring timely remediation actions.

• Prepared weekly financial reports on ftth business performance
• Assisted in development of system functionalities to generate a good customer experience with regard to recharges
• Reconciled devices issued on returnable basis through regular follow up with customers.