Summary
Overview
Work History
Education
Skills
Timeline
Generic
Kumar Deshpande

Kumar Deshpande

Internal Audit
Bangalore

Summary

To seek and maintain full-time position that offers professional challenges utilizing interpersonal skills, excellent time management and problem-solving skills. Am a Hardworking and passionate job seeker with strong organizational skills eager to secure Middle Management position. Ready to help team achieve company goals.

Overview

14
14
years of professional experience
6
6
years of post-secondary education
5
5
Languages

Work History

Sr. MANAGER

Varthana Finance Private Ltd
Bangalore
09.2022 - Current
  • School Loans
  • Responsible for Conducting credit audit & review of audited cases
  • Assisting HOD on day-to-day activities
  • Supervision & Monitoring of the team members
  • Audit planning & Scheduling
  • Maintaining required MIS & to be updated to Head of Dept
  • Meeting with Business & Credit to obtain a Compliance & closure of the case
  • Involved preparing a checklists Quarterly basis, involved in designing Risk based audit methodology
  • Continuous learning & providing a feedback for process changes, for Audit checklist, Audit manual etc.

Sr. MANAGER

IIFL SAMASTA FINANCE LTD
Bangalore
12.2018 - 09.2022
  • Handling a Audit team for Pan india- Retail Assets Vertical
  • Handling audit team for Retail Asset Audit (190+ Branches) 35 Team members reporting to me
  • Monitoring and tracking of field auditors
  • Getting ready for expansion with total of around 100+ Retail Asset branches
  • Looking after Secured & Unsecured loan under retail asset segment Maintaining a good rapo with internal customers I.e Field staffs, Field level officers, Area Manager, Divisional
  • Manager, State head, Zonal Head & all the dept’s cluster/Regional heads
  • Parallel Reporting to HOD
  • Planning a monthly audit plan & executing the same , Putting up a new strategy as per the field requirement, escalating a critical issues to concern Dept’s , Ensure the audits planned are completed within the Time frame
  • Planning and Execution for Thematic & Concurrent audit based on triggers
  • Part of Audit strategy team suggest a new strategies start based on Trends (PAR, New Disbursement, Critical observation etc) As a consulting activity given a required suggestions on time to time as per stakeholders requirement
  • Field visits highlighting a critical issues & Investigation of frauds identified by Audit pre handover to FCU
  • Follow up on action taken & Part of Disciplinary action committee
  • Followup of Branch Audit Compliance
  • Providing a Training to Business stakeholders & other supporting functions as per there request
  • Responsible for Team performance, reviewing, analysis ensuring a productivity of each individual employees and providing a feedback on time to time basis
  • Continuous learning & providing a feedback for process changes, for Audit checklist, Audit manual etc
  • Conducting surprise branch visits, conducting a Branch audits where ever observed high risk
  • Supporting a Functional audits I.e Admin,Asset, Loan Processing, HR, Payroll, MIS, CSR Audits etc
  • Involved in devolping new AMS (Audit Module system- Perdix), designed a template for Audit reporting (Excel) Involved preparing a checklists Quarterly basis, involved in designing audit methodology
  • Analysis a root cause of the audit observation brought into notice Risk team to fill a gap through process note
  • Ensuring on following of governance at branch & RO/ZO/HO level
  • Projects Handled at IIFL Samasta Finance ltd Contribution towards preparing a LAP & MSME Loan Product Note
  • Audit methodology & Framing a Audit reporting exclusive for Retail finance along with Risk Rating
  • Managed new projects and introduced new systems, tools, and processes to achieve challenging objectives.
  • RBIA framework based on RBI circular.
  • Implemented and developed operational standards, policies and procedures.

Risk control unit

L & T Finance Ltd, RCU MFI
  • Senior Executive
  • Borrower Audit: - Field visit for Post Disbursed customers, verifying the KYC’ s, Loan Utilization & cross check the
  • A/c’ s for process lapses & any Deviations
  • Collection Audit:- Verification of Collection Process, Issuance of Receipts, Receipt reconciliation Post collections v/s system, identifying the short/Excess deposits if found further investigation to be taken
  • MCM Audit/Branch Audit:- Verifying of Disbursements taken place at Branches, Observations on Security measures taken place at branches, Statutory certificate verification, Assets verification
  • Supporting business/operations during a any police investigation
  • Portfolio check & Fraud verification:- Complete Portfolio check of the particular staff post identification of fraud in any area either from Sales or RCU to identify the other fraud
  • Job responsibilities

Assistant Manager

YES BANK LTD
HUBLI
03.2016 - 11.2018
  • Business Monitoring Team
  • 100% visit for Pre disbursement Cases at BC’s (Business Correspondent) to Quality of the group
  • Responsible for BC branch Business have to achieve a given target
  • Random house visits, 100% KYC verification
  • 5 % visiting on post disbursement cases to check the collection & LUC’s
  • Intimation to be given to Risk Team immediate after identification of any financial frauds, political interference
  • Mass Default
  • Monitoring of Business of BC’s and analyzing the business of allocated BC Branch on weekly wise
  • Tracking a TAT of GRT Passed between Disbursement, follow-up with central team and BC Branch for
  • Discrepancies
  • Followup of Delinquency cases, Case visits on cases by case
  • RBI Compliance verification at BC Branch level
  • Identifying of BC’ s and identification of unbanked villages
  • Training to BC staffs and YBL PSM
  • Conducting a Self Audit’s on allocated branches or as per supervisory intimation
  • Handling 3 branches directly and other 4 branches 2 PSM mentoring
  • Responsible for cross selling (CASA & Insurance) at Rural branches.

Senior Executive

L & T Finance Ltd
HUBLI
03.2015 - 02.2016
  • Monitoring aspects on collection process, Sourcing process & highlighing any irregularities.
  • Conducting investigation based on fraud triggers.
  • Branch Audit.

AUDITOR

UJJIVAN FINANCIAL SERVICES PVT LTD
Bangalore
09.2011 - 02.2015
  • Responsible for Branch Audits, Area Cross check & Survey, Special Investigation on Frauds
  • Re-assessment of Credit part for LAP & MSME loans.
  • Quality check of individual loan files, and checker process of Audit reports Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement.
  • Developed audit policies, guiding administrative and technical functions.
  • Communicated with auditee staff to obtain necessary information for audits.
  • Risk Rating to audited branch & Reporting the same.

INTERNAL AUDITOR

VRL LOGISTICS LTD
HUBLI
02.2010 - 09.2011
  • Conducting branch audit verification of Book keeping
  • Stock audit.
  • Transhipment & Warehouse audit.
  • Reconciliation of stock

Education

1 Certification in Micro -

Institute of Banking & Finance

PGDFM - Finance

Karnataka Open University
KSOU
06.2011 - 06.2012

B.COM - Commerce, Accounts & Economics

Karnataka University
KSS Arts & Commerce College
06.2006 - 03.2009

PUC - Commerce

SSK Pre University
SSK Arts & Commerce College
06.2004 - 03.2006

SSLC -

Basel Mission EnglishMedium School
06.2003 - 03.2004

Skills

Internal Audit

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Timeline

Sr. MANAGER

Varthana Finance Private Ltd
09.2022 - Current

Sr. MANAGER

IIFL SAMASTA FINANCE LTD
12.2018 - 09.2022

Assistant Manager

YES BANK LTD
03.2016 - 11.2018

Senior Executive

L & T Finance Ltd
03.2015 - 02.2016

AUDITOR

UJJIVAN FINANCIAL SERVICES PVT LTD
09.2011 - 02.2015

PGDFM - Finance

Karnataka Open University
06.2011 - 06.2012

INTERNAL AUDITOR

VRL LOGISTICS LTD
02.2010 - 09.2011

B.COM - Commerce, Accounts & Economics

Karnataka University
06.2006 - 03.2009

PUC - Commerce

SSK Pre University
06.2004 - 03.2006

SSLC -

Basel Mission EnglishMedium School
06.2003 - 03.2004

Risk control unit

L & T Finance Ltd, RCU MFI

1 Certification in Micro -

Institute of Banking & Finance

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Kumar DeshpandeInternal Audit