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
Fraud Investigation
People Management
Data Analysis
Preparing a Audit Template
Accounting & Book Keeping
Knowledge on Collateral document
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