Fazina Ali
Hyderabad
Summary
Seasoned Regulatory Compliance Testing Senior Specialist with over 9 years of experience. Expert in developing and executing comprehensive compliance testing to compliance with regulatory standards, conducting thorough audits, and mitigating risks. Good incisive analytical skill, eye of detail, capacity of work under pressure and be catalyst in the overall development for the organization. Proven team leader and problem-solver competent in navigating complex situations.
Overview
9
9
years of professional experience
1
1
Certification
Work History
Independent Testing Senior Specialist/Senior AVP
Wells Fargo
06.2023 - Current
- Conduct comprehensive compliance data driven testing to ensure adherence to federal and state banking regulations
- Develop, implement and oversee compliance testing plan and methodologies to identify and mitigate regulatory risks/operation risk
- Collaborate with internal audit teams to perform risk assessments and evaluate effectiveness of internal controls
- Conduct walkthrough, perform risk assessment, scoping and assist in development and execution of compliance testing plans and procedures
- Created and maintained comprehensive documentation of compliance activities and findings
- Identify, perform root cause analysis & communicate findings to the business and different stakeholder such as business, internal risk management committee, senior management committee
- Prepare detailed compliance reports and present findings to different stakeholders such as business, internal risk management committee, senior management committee and regulatory bodies
- Supported implementation of corrective actions to address compliance deficiencies
- Lead training sessions for staff on compliance best practices and best practices
- Contributed to successful completion of multiple regulatory examinations with no major findings
- Provided support during regulatory inspections and examinations.
Independent Testing Specialist/AVP
Wells Fargo
07.2021 - 06.2023
- Conducted in-depth compliance/data driven testing to ensure adherence to regulatory requirements.
- Assisted in developing and refining compliance frameworks and testing procedures.
- Collaborated with various departments to address compliance issues and implement corrective actions.
- Created detailed documentation and reports on compliance activities and findings.
- Key Projects: Worked on high risk report 7 major regulatory report such as CCAR/DFAST, FFIEC 031, FR Y-9C, IRR, ILST,etc.
- Awarded “Spotlight” in 2023 for exceptional contributions to compliance testing.
Audit In Charge/Senior Consultant
Deloitte & Touche Audit & Enterprise Risk Services (India) Pvt. Ltd.
07.2015 - 07.2021
- Leading and managing teams of analysts/senior analysts in performing financial audits and agreed-upon procedures
- Performed preliminary analytics on account balances to detect unusual financial statement relationships
- Performed internal control testing including test of design & implementation and operating effectiveness
- Conducted client walkthrough for internal control
- Performed external audits based on US GAAP and IFRS for various Technology clients involving valuations, investment testing, receivables testing, accounts payable, unrecorded liabilities, prepayments, financial statement review and referencing, group audit support among others using Deloitte audit approach, methodology and tools
- Part of Debt & Lease Centre of Excellence team, which aims at summarization, accounting and testing of Debt & lease
- Worked extensively on journal entry testing for identification of management override of controls
- Preparing US GAAP scoping checklist, which involves reviewing principles applicable to company
- Worked extensively on all areas of Audit starting from Planning to Reporting
- Worked on Argus - Innovation tool developed by Deloitte, used to identify and extract key accounting information from any type of electronic document
- Worked on Optix - innovation tool developed by Deloitte, used in Journal Entries testing - performs real-time big data analytics on entire population driving insights and quality from outlier identification
- Major Clients worked for basically based from San Jose & San Francisco.
Finance Intern
Emami India Pvt. Ltd.
01.2015 - 04.2015
- Preparing annual/quarterly/monthly/weekly financial reports such as balance sheet and income statement, invoice and other documentation
- Help in reconciling bank accounts and making reconciliation.
- Prepared and posted financial journal entries using technically relevant software.
- Supported organizational account management duties under direct supervision.
- Managed sensitive information responsibly, maintaining strict confidentiality standards.
- Analyzed and interpreted financial data to inform business decisions.
Education
Master of Commerce - Accounts & Finance
St. Xavier College
Kolkata01.2015
Bachelor of Commerce - Accounts & Finance
F.M Autonomous
Odisha01.2013
Skills
- Regulatory Compliance
- Risk Assessment
- Audit and Assurance
- Compliance Frameworks
- Data Analysis
- Financial Regulations
- Internal Controls
- Report Writing
- Project Management
- Cross-functional Team Leadership
- Root Cause Analysis
- Emergency Response
- Management collaboration
- Quality Assurance
Certification
- CPA (Pursuing)
- IPCC Group 1 Qualified
- DFA [Diploma in Financial Accounting]
Language And It Skills
English, Hindi, Oriya, Arabic, Urdu, MS Office (Access, Excel, Word, Powerpoint), MS Power BI, Tally ERP
Personal Qualifications
- M.Com (Accounts & Finance), 2013, 2015, St. Xavier College, Kolkata, West Bengal
- B.Com (Accounts & Finance), 2011, 2013, F.M Autonomous, Balasore, Odisha
- Class XII (Commerce), 2008, 2010, F.M Junior College, Balasore, Odisha
- Class X, 2008, 2008, St. Vincent Convent School, Balasore, Odisha
Personal Information
- Date of Birth: 05/12/92
- Marital Status: Married
Timeline
Independent Testing Senior Specialist/Senior AVP
Wells Fargo
06.2023 - Current
Independent Testing Specialist/AVP
Wells Fargo
07.2021 - 06.2023
Audit In Charge/Senior Consultant
Deloitte & Touche Audit & Enterprise Risk Services (India) Pvt. Ltd.
07.2015 - 07.2021
Finance Intern
Emami India Pvt. Ltd.
01.2015 - 04.2015
Master of Commerce - Accounts & Finance
St. Xavier College
Bachelor of Commerce - Accounts & Finance
F.M Autonomous
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