Harshit Bhatnagar
Delhi
Summary
Chartered Accountant having ~ 8 years of post-qualification experience across Fintech, e-commerce, media, manufacturing, and hospitality industry in setting up internal audit department, preparation of annual internal audit plan and its compliance, operations risk management, fraud investigation's etc.
Overview
12
12
years of professional experience
1
1
Certification
Work History
Associate Director, Internal Audit
Tata Digital Pvt. Ltd.
05.2022 - Current
- Managing internal audit for 2 group companies including: Preparation of annual risk based internal audit plan and its approval from board of directors
- Ensure timely quality review completion by our third-party auditors relating to internal audit, management audit and operating effectiveness of risk control matrix
- Performed adhoc reviews of key risk areas
- Review internal audit reports of group entities and discuss key risk areas / observations with stakeholders
- Coordinate with key stakeholders for discussion on audit related and trending risk areas.
Senior Manager - Internal Audit
Le Travenues Technology Ltd
12.2021 - 04.2022
- Setup and lead the internal audit function for all group companies (Ixigo, Abhibus, Confirmtkt)
- Presentation to the board of directors and audit committee on internal audit related matters
- Ensure timely quality review by our third-party auditors and performed adhoc reviews of key risk areas
- Performed enterprise risk management for ixigo and its periodic follow up
- Creating and testing of risk control matrix for all key areas across group companies
- Creation / amendment of operational policies and their implementation.
Executive Manager (Operational Risk)
One97 Communications Pvt Ltd (OCL) (Paytm)
09.2019 - 11.2021
- Part of the core team setup under the founder and investors to transform the corporate governance @ Paytm and key group companies
- Risk management incl
- Risk identification, establishing controls to mitigate risks and periodic reviews to ensure efficiency & effectiveness of controls
- Perform risk assessment of existing / to be launched businesses by understanding business model and existing process to ensure minimum / no fraud scenarios and compliance with applicable laws & regulations
- Periodically assess risk rules to reduce fraud transactions/merchants & ensure coverage of the recent fraud scenarios
- Process automation incl understanding 'As is' process to identify redundant steps, establish control checks to ensure audit trail and identification of automation opportunities to save cost & improve operational efficiency
- Review of key risk areas as directed by the HOD / Manager (merchant payout & settlement, EDC rental recovery, fastag, access management, marketing promotions, aged debtors, commission rates, merchandising)
- Verified compliance of policies & procedures defined by the company, operational controls, possible instances of revenue leakage, operational efficiency, Made recommendations for cost control, cost monitoring, cost benchmarking & requirement for SOP
- Fraud investigation based on risk alerts / complaints received to identify fraudulent transactions /merchants (onboarding process, high value transactions, fraudulent merchants etc.) Stakeholders management by periodic interactions with business / process heads on recent process changes / challenges faced and recommending solutions
- Formulation / amendment & implementation of policies (IA manual, risk management, access management etc.) Consolidation & status updation of the area wise key risk indicators review coverage
- Coordination with third party auditors to ensure timely completion of quality review for OCL & related entities.
Assistant Manager
KPMG (GRCS, Risk Advisory Practice)
02.2016 - 08.2019
- Stakeholders management incl key management personnel and auditee
- Team management incl
- Ensuring high quality work by team members, periodic training & keeping the team motivated
- Support on business development relating initiatives incl preparation of proposals & discussions on proposed work
- Ensuring timely completion of pre-engagement and post-engagement risk formalities
- Performing audit in line with approved scope of work as well as reviewing work of team members.
Article Assistant
Lodha & Co. Chartered Accountants, Delhi
03.2012 - 01.2016
- Client Name: Four Points By Sheraton, Holiday Inn Express, & Hyatt Regency (Delhi)
- Nature Of Work: Internal Audit/Secretarial Audit
- Industry: Hospitality
- Areas Reviewed: Procure to pay, Inventory management, House keeping, Contract & Revenue management, Food & beverage production & service
- Client Name: Positiv TV
- Nature Of Work: Internal Audit
- Industry: Media
- Areas Reviewed: Purchase to payment, Policy compliance
- Client Name: Kanchenjunga Power, Petron Engineering
- Nature Of Work: Internal Audit
- Industry: Construction
- Areas Reviewed: Contract management, Applicable legal provisions
- Client Name: Godfrey Philips 24
- 7
- Nature Of Work: Internal Audit
- Industry: Retail
- Areas Reviewed: Inventory management, Contract & Cash management
- Client Name: HNG Industries Limited
- Nature Of Work: Statutory Audit/ Tax Audit
- Industry: Manufacturing
- Client Name: Bhubaneswar Express P
- Ltd
- Nature Of Work: Statutory Audit/ Tax Audit
- Industry: Construction
- Client Name: Kanodia Technoplast Pvt
- Ltd
- Nature Of Work: Statutory Audit/ Tax Audit
- Industry: Manufacturing
- Client Name: Kotla Hydropower Pvt
- Ltd
- Nature Of Work: Statutory Audit/ Tax Audit
- Industry: Hydro Power.
Education
CA Final (Both Groups - Nov'15) -
ICAI
B.Sc. (Hospitality & Hotel Administration) -
IHM Mumbai
12th -
CBSE
Black Belt - Six Sigma
KPMG
Skills
- Risk based Internal Audit
- Operations Risk Management
- Identification of cost saving opportunities
- Process automation
- Fraud investigations
- Enterprise risk management
- Team Management
- Defining & review of internal controls
- Policy formulation & compliance
Accomplishments
- Promoted in both annual performance appraisal at Paytm.
- Performed risk assessment across key areas to identify critical risks and setup a process to review and mitigate the identified risk.
- Prepared BCDR document to identify critical tech products and resources to ensure business runs as usual.
- Supported in implementation of procurement tool to automate the process.
- Awarded “Hall of Fame” for consistently performing exceedingly well.
- Key analytics helped identify revenue leakage and identify cost saving opportunities.
- Rated 1 on the scale of 1-5 in the annual performance appraisal for the year 16-17 & 17-18.
- Promoted twice in three years of joining KPMG.
- Recognition: Three times awarded “Above & Beyond”, one time awarded “kudos” & one time as part of Super Team”.
- Identified fraud in a company which helped KPMG to generate additional revenue of Rs 1.5 Crs.
Ixigo: Managed RCM documentation and testing and getting it approved by statutory auditors for an organization going for an IPO.
Paytm:
KPMG:
Key Job Achievements
- Promoted in both annual performance appraisal at Paytm.
- Awarded "Hall of Fame" for consistently performing exceedingly well.
- Key analytics helped identify revenue leakage and identify cost saving opportunities.
- Supported in implementation of procurement tool to automate the process.
- Performed risk assessment across key areas to identify critical risks and setup a process to review and mitigate the identified risk.
- Prepared BCDR document to identify critical tech products and resources to ensure business runs as usual.
- Rated 1 on the scale of 1-5 in the annual performance appraisal for the year 16-17 & 17-18.
- Promoted twice in three years of joining KPMG.
- Recognition: Three times awarded "Above & Beyond", one time awarded "kudos" & one time as part of Super Team".
- Identified fraud in a company which helped KPMG to generate additional revenue of Rs 1.5 Crs.
Activities
- Played cricket at district level.
- Selected by Emirates Flight catering during college to assist in Dubai Air Show 2009.
- Awarded 2nd position in annual bartending competition & acted as Head Chef of group buffet assignments in college.
Certification
- Six sigma black belt - KPMG
Timeline
Associate Director, Internal Audit
Tata Digital Pvt. Ltd.
05.2022 - Current
Senior Manager - Internal Audit
Le Travenues Technology Ltd
12.2021 - 04.2022
Executive Manager (Operational Risk)
One97 Communications Pvt Ltd (OCL) (Paytm)
09.2019 - 11.2021
Assistant Manager
KPMG (GRCS, Risk Advisory Practice)
02.2016 - 08.2019
Article Assistant
Lodha & Co. Chartered Accountants, Delhi
03.2012 - 01.2016
CA Final (Both Groups - Nov'15) -
ICAI
B.Sc. (Hospitality & Hotel Administration) -
IHM Mumbai
12th -
CBSE
Black Belt - Six Sigma
KPMG
- Six sigma black belt - KPMG
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