Jagadisha Y
Audit, Operation, Credit And Risk Management
Mysore
Summary
To attain professional excellence and work towards the success of the promising organization through a key member of the function which is challenging, creative and meeting my professional ambition.
Overview
2
2
Languages
16
16
years of professional experience
Work History
Geographical Head - AVP – internal Audit
Piramal Finance Ltd.
01.2025 - Current
- Prepared and implemented comprehensive Audit SOP, Audit Checklist, and Action Matrix nationwide in response to new MFI vertical.
- Develop and implement the overall audit strategy and annual audit plan in alignment with organizational objectives and risk profile.
- Provide strategic direction for the internal audit function, ensuring it adds value and supports organizational goals.
- Oversee and direct the execution of audit engagements, including financial, operational, and compliance audits.
- Ensure audits are conducted in accordance with relevant standards, regulatory requirements, and best practices.
- Lead risk assessment processes to identify key risks and ensure appropriate audit coverage.
- Evaluate the effectiveness of internal controls, risk management practices, and governance processes.
- Prepare and present detailed audit reports to senior management, the Audit Committee, and the Board of Directors.
- Communicate audit findings, recommendations, and action plans clearly and effectively to stakeholders.
- Manage and mentor the internal audit team, providing leadership, training, and professional development opportunities.
- Act as the primary liaison between the internal audit function and external auditors, regulatory bodies, and other key stakeholders.
- Fostered relationships with management and departments to enhance transparency and accountability culture.
- Assessed and enhanced audit methodologies, processes, and tools to improve overall audit quality.
- Drive initiatives to address audit findings and implement process improvements.
- Stay abreast of industry trends, regulatory changes, and emerging risks impacting microfinance.
- Ensure the internal audit function adheres to regulatory requirements and industry standards.
Regional Manager – internal Audit Department
Fusion Microfinance Ltd
02.2023 - 01.2025
- Managed audits and fraud mitigation across all Karnataka branches with a team of 11+ audit officials.
- Preparation of the monthly Audit and Risk Plan for the Karnataka State.
- Led Karnataka Audit and Fraud Mitigation team to execute tasks specified in the monthly plan.
- Monitoring, Planning and execution of audit plan as per laid down policies.
- Monitoring review, publishing and closure of Audit Reports and Special Audit Reports.
- Taking immediate follow up on observation raised in the internal audit reports & escalating the same to concerned process function for action plan.
- Oversee and ensure the Business / operation team has complied with all the gaps identified during internal audit.
- Delivered monthly MIS to senior management, enhancing visibility into audit activities and risk management.
- Facilitating and guiding field auditors on requirement for smooth completion of audit.
- Performing analytical review of audit findings and evaluating of internal systems for carrying out internal audit.
- Ensure control & supervision over the team members.
- Participating in quarterly, half yearly meeting for all the zones and for Business team Risk Meetings.
- Plan for future business growth vis-à-vis manpower requirement and submit new requisition as well in advance to Management.
- Analyzed risks related to border loan portfolio, identifying critical economic, social, and political factors.
- Interaction with Bank Partners - Audit Team to Understand the recurring & critical issues, Fraud and Risk mitigation process and closure of Grievance cases.
- Review compliance to existing systems, procedures and suggest for improvements.
- Contribute to the Internal audit function by identifying the risks associated with business objectives and by preparing comprehensive revised audit checklists for various processes covered under internal audit.
- Recommendations in order to ensure that the policies and procedures are maintained in accordance to statutory obligations.
- Providing training about process, cash management, & documentation to branch staffs during the Audit period.
Risk Manager – (Quality assurance)
Belstar Microfinance Ltd
04.2018 - 02.2023
- Oversaw operations for all Karnataka branches, performed regular pre and post disbursement verifications, and reduced fraud incidents with a team of 22 RAT executives.
- JLG and SHG branches Credit Underwriting.
- Customer KYC and loan applications documents verification.
- Monitoring of Process and Policy compliances.
- Location level Legal support and Liaoning with police team.
- Conducted branch, region, and state-specific attrition analysis and reporting to identify trends and inform retention strategies.
- Fraud reporting’s and management.
- Incident Management reporting’s.
- Risk team alerts and Follow-ups.
- Collected field-level intelligence on events impacting the company to enhance risk management and response strategies.
- Handle issues pertaining to the day-to-day functioning of the RISK team.
- SHG/JLG loan utilization check.
- Carry out surprise visits to branches.
- Appraise the performance of risk staff.
- Closely monitor and track any fraud events in the process, document them and report to senior management for actions.
- Reviewed CCTV recordings to ensure compliance and mitigate fraud.
- Area of Work: Credit process and Credit Assessment.
- Job Responsibilities: From Apr - 2020 to Nov - 2021
- Due to covid-19 team has been deputed to Collection for above Period
- Handling team 15 supporting staffs (Collection executives / Rat executives)
- Every month 4000 to 5000 accounts allocated to us.
- Every month my team is the topper in collection compared to collection team.
- Job Responsibilities: From Apr - 2018 to Mar - 2020
- Handling team 22 supporting staffs (RAT executives)
- JLG and SHG Group Assessment and approving loan.
- Resolved KYC documentation issues to maintain regulatory standards.
- Performed CCTV verification to ensure compliance and mitigate potential fraud risks.
- Pre loan and post loan Customer House visit for verification.
- Monthly training about new process and revision for staffs.
- Disbursement orientation program.
- New Shortlisted candidates background verification.
- Verifying the members income & expenses.
- Non OTR cases follow-ups and fraud identification
- Reducing fraud controls.
- And from financial year 2020 – 2021 including of the above work we are focused for 30 + collection.
- Financial year 2018-2019 I got best risk manager award.
Deputy Manager - Data excellence team (Credit department)
Madura Microfinance Ltd.
10.2015 - 04.2018
- Credit assessment
- Performed credit assessments to determine loan suitability.
- Detected KYC issues to maintain customer identification standards.
- Conducted pre-loan and post-loan customer house visits for verification and accuracy assurance.
- Monthly training about new processes and revision
- Conducted loan utilization checks to ensure funds were used as intended.
- Newly joined employees background verification.
- Detected field issues to enhance service delivery.
Asst Manager – Training and operation team (Gold loan department)
Manappuram Finance Ltd.
09.2010 - 10.2015
- Monitored statutory compliance for labor registration and weighing balance in operation department.
- Rent released issues - present status, future plans (Operation Department)
- Assessed cases of missing gold, cash, and keys to develop strategic solutions and next steps. (Operation and legal dept as per case status)
- Collected branch feedback to improve operations and responded to auditor-related complaints.
- Followed up on audit rectification status; provided instructions to AH/AM and BH/BM for timely resolution.
- Manappuram Finance ltd has the largest gold loan company in India. Make business with gold loan, money transfer, gold savings schemes, NCDs, shares and debenture also.
Education
B.com -
Govt. First grade collage Bhadravathi, Kuvempu University
Bhadravathi01-2009
2nd PUC - undefined
GOVT PU College Bhadravathi
Bhadravathi01-2006
SSLC - undefined
Govt High School Bhadravathi
Bhadravathi01-2003
Skills
MS Office – MS Excel, MS Word, MS PowerPoint
Operations management
Channel management
Internal communications
Risk assessment
Accept challenges and to deliver positive results
Experience Summary
- Offering nearly 15+ years of experience in the Gold Loans and MFI Organizations.
- Scope of excellence entails: (a) Internal audit (b) Compliance (c) Internal & Operational Audits (d) Process Reviews (e) Risk Assessment Review (f) Fraud Recovery. (g) Credit and Risk.
Recognition's
- Successfully completed the New Internal Audit Methodology and Fraud identification process strategy in the Pilot Branches of my region and implemented for PAN Process.
- Received Appreciation for excellence in compliance and being on top of all team issues.
- Got Very Good rating for Successive Year.
- Taken initiative for team building activities.
STRENGTHS
- Quick and self-learning of new ideas and good at applying thoughts.
- Having good communication skills.
- Capable of working hard to meet vision of organization and smart way of working to improve personal skills.
DECLARATION
I hereby declare that all the above-furnished details are true and correct to the best of my knowledge. Date: Place: Yours Faithfully Jagadisha Y
Timeline
Geographical Head - AVP – internal Audit
Piramal Finance Ltd.
01.2025 - Current
Regional Manager – internal Audit Department
Fusion Microfinance Ltd
02.2023 - 01.2025
Risk Manager – (Quality assurance)
Belstar Microfinance Ltd
04.2018 - 02.2023
Deputy Manager - Data excellence team (Credit department)
Madura Microfinance Ltd.
10.2015 - 04.2018
Asst Manager – Training and operation team (Gold loan department)
Manappuram Finance Ltd.
09.2010 - 10.2015
SSLC - undefined
Govt High School Bhadravathi
2nd PUC - undefined
GOVT PU College Bhadravathi
B.com -
Govt. First grade collage Bhadravathi, Kuvempu University