Dance
KULDEEP SINGH
Risk Management | Operational Risk | Compliance Risk | Control Testing | Issue Validation
Hyderabad
Summary
A Risk Professional with significant functional experience, striving to use my expertise and experience for the growth of working environment.
Overview
10
10
years of professional experience
3
3
years of post-secondary education
4
4
Languages
Work History
Senior Independent Testing Specialist
Wells Fargo
Hyderabad
11.2021 - Current
Enterprise Testing Associate
Wells Fargo
Chennai
07.2019 - 11.2021
- Involved in Business Process testing to review, asses and ensure the control design and performance is effective, needs improvement or weak for wholesale business.
- Execute testing strategies in accordance with Independent Testing and Validation procedures. Involved in end-to-end business process testing and issue validation to ensure the accuracy of control performance and corrective action.
- Prepare pertinent details of the engagement assessment such as involvement of key business stakeholder, meeting discussion, meeting scheduler and document in the workbook.
- Document a narrative for each individual control design evaluation that captures the various considerations made during the assessment and that is sufficient to provide an adequate understanding of the underlying work performed.
- Exhibit credible challenge and evaluate the adequacy and effectiveness of policies, procedures, processes and internal controls while maintaining professional independence throughout the testing engagement.
- Document end-to-end process flows including dependencies, risks, controls, inputs/outputs, systems, gap identification, etc. Provide/recommend corrective actions to identified gaps and associated risks to the line of businesses (Corporate and Investment Banking).
- Involved in Operational risk (L2) and policy gap review project, to identify gaps in coverage and mapping of operational risk categories for Major Policy Requirements (MPRs) emanating from corporate and wholesale policies vis-à-vis existing MPR details from SHRP reporting module
- Experience and knowledge of MS Word, Excel, Access, Visio, iGrafx, SHRP.
- Excellent communication skills, both verbal and written.
- Demonstrated a high level of initiative and creativity while tackling difficult tasks.
Operational Risk Consultant
Wells Fargo
Bangalore
08.2017 - 06.2019
- Compile and stratifying on process scoring and enhance the risk measurements and
- Provided improvements on existing level of scoring on processes.
- Rendered support and guidance on Control Importance and Effectiveness to enhance the process through change control governance forum
- Responsible for change control process, retirement of process and performing quality check to ensure accuracy in wholesale process inventory.
- Effectively involved in Change control governance call and regular status on change control process been delivered
- Performed alignment of new risk title and control title on the system of records as per the updated RCSA risk and control library
- Involved in Process Mapping activities on existing and new processes through BIKE load template
- Estimate the likelihood and severity on loss of control and perform credible challenge reporting and analysis for observations and recommendations
- Process scoring and data quality activities for new and existing processes and perform credible challenge based on scoring rationale
- Bi-Weekly reporting activities shared to stakeholders, Managers of process deliverables and follow-up on the query outstanding
- Work alongside functional counterparts and onshore partners to implement the firm's operational risk management program
- Emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
- Recognize, evaluate and prioritize potential failures for their causes and effects through FMEA on the processes
- Involved in creation and managing of Management Assign In and Out for the process
- Involved in creation of Risk and Control framework to mitigate risk and place effective control, perform quality check to identify the accurate risk and control language align to processes
- Proactively monitoring high-risk processes and preparing quarterly analyze and remediate reports on the remediation of risk and control for audit practices.
- Involved in Risk and Control Matrix access database creation
- Involved in reconciliation of Process inventory from BIKE tool, L5maps and risk and control matrix to validate and eliminate process gaps
- Sharing observation template to line of business and remediating risk and control gaps in process inventory and remediation of Business risk reduction opportunities
- Analyze and Remediate phase, creation for Risk and Control Identification framework on process and creating Quality checklist to eliminate duplicate risk and control pairing
- Experience and knowledge of MS Word, Excel, Access, PowerPoint, Visio, iGrafx, SHRP
Operational Risk Consultant
The Royal Bank of Scotland Group
Chennai
05.2014 - 08.2017
- Ensured (i) Process Specific (ii) Regulatory (iii) Generic Control tests are carried out for all processes in Business Unit on the effectiveness of controls in place and completed sampling testing within timelines
- Performed control testing of processes in line with standard sampling methodology and timeliness and provided periodical reports to the management team on effectiveness of controls
- Monitored Key Risk Indicators regularly to mitigate the risk occurrence including IT stability, Latency issues, Incident raised, Man hours lost etc
- Involved in regular monitoring in ORBIT issues and events on risk occurrence to controls and manage the logged issues.
- Responsible for AYiC test papers, related to the ORBIT events and authenticity on the same.
- Control Tester - Responsible for performing compliance related control testing which includes storages of client sensitive data in local drive, effective usage of Internet and external mail access
- Responsible for sharing AYiC test results for entire PBB and CPB operations with stakeholders of both onshore as well business managers with accuracy
- Responsible for completeness on time in yearend testing like Generic, EUDA, BCP testing.
- Risk Reviewer - To conduct Risk Assessment for Payments, Securities Financing Operations, Static data Management, to challenge the existing risk and controls in the process, adherence of agreed controls and verifying effectiveness of the controls.
- Any Non-Adherence to policy will be escalated to senior management and exceptions will be updated in risk management tool for tracking until logical closure.
- Highlighting the exceptions in process, policies and updating the Operational loss / risk issues in the online risk management tool. Also ensured that exceptions are closed within the permitted timeframe.
- Adhered SOX related controls for regulated test papers.
- Responsible for AYiC results in specified frequency for SSO and CR Ops
- Preparing MIS reports & other statements with a view to apprise management of the process operations and assist in critical decision-making process
- Cleared mandatory assessments for reconciliations and Cash management.
Reconciler - Process Associate
Royal Bank of Scotland
Chennai | New Delhi
06.2013 - 05.2014
- Effectively handled SEPA (Single Euro Payment Area) business reconciliation and India Process (CCMS)
- Efficiently achieving service level agreements of reconciliation of SEPA Accounts: SCT (Statement Credit Transfer), SDD (Statement Direct Debit), nostro and pools accounts for India Reconciliation process.
- Demonstrated issue handling by end to end account investigation, identifying root cause, report escalations to managers as required and resolving issues.
- Used data entry skills to accurately document and prepare managerial report.
- Handled account payments and provided information regarding outstanding balances.
Education
D.G Vaishnava College
Chennai, India 04.2010 - 03.2013
Skills
Auditing
undefinedInterests
Cooking
Timeline
Senior Independent Testing Specialist
Wells Fargo
11.2021 - Current
Enterprise Testing Associate
Wells Fargo
07.2019 - 11.2021
Operational Risk Consultant
Wells Fargo
08.2017 - 06.2019
Operational Risk Consultant
The Royal Bank of Scotland Group
05.2014 - 08.2017
Reconciler - Process Associate
Royal Bank of Scotland
06.2013 - 05.2014
D.G Vaishnava College
04.2010 - 03.2013
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