L. Venkatasubramanian
Chartered Accountant
Chennai,TN
Summary
Chartered Accountant with over fourteen years of progressive experience with a sound background in internal audit, quality assurance, risk management and compliance. I am a highly motivated individual with a proven track record of delivering in high pressured, global organizations. Significant multicultural experience in partnering with Senior Stakeholders, Board of Directors and External Regulators in Implementing Risk Management Framework, Control Assurance, Internal Audit & Developing an audit plan and methodology within Leading Global Banks, NBFCs and Financial Services Group.
Overview
18
18
years of professional experience
Work History
Audit Owner - Vice President - Quality Assurance Team
Barclays Global Service Centre India Pvt Ltd
11.2021 - Current
- Implementing the Quality Assurance framework across the internal audit function in India by designing and delivering the QA Internal Audit plan.
- Responsible for issuing the Quality Assurance Review reports to the Group Chief Internal Auditor and the Chief Internal Auditors of other Legal Entities.
- Heading and managing the Quality Assurance team in India in timely and efficient delivery of QA annual plan to enhance the audit quality across the function.
- Collaborating with the Management Team and other senior members of the Internal Audit function for effective achievement of the strategic goals of the Internal Audit function.
- Partnering with the Professional Practices team in updating / enhancing the Internal Audit Methodology and relevant templates to promote the quality culture across the function.
- Design and delivery of knowledge sessions on Internal Audit Methodology and updates to it and; being the Technical Lead and Pod Coach for the audit academies and global training sessions for the Internal Audit function.
- Championed the Data Analytics initiative for QA by designing rules for a self-service tool to display quality issues on closed and in-progress audit files using Data Analytics.
- Chair regular meetings at the function level to discuss themes identified through standard QA reviews, other methodology advisory reviews and upcoming methodology changes.
Vice President - Quality Assurance and Professional Practices Team
Barclays Global Service Centre India Pvt Ltd
01.2020 - 10.2021
- Delivering the annual QA internal audit plan which includes: audit file reviews, 'in-flight' reviews of in-progress audit work; thematic reviews, issue validations, assessment of various regulatory requirements and stakeholder partnering.
- Leading key thematic reviews, which include: Compliance with IIA Standards, Group CIA's compliance with SMR7 requirements, Reliability of Data Analytics used in audits, Identification and reporting of root causes in audit issues, Review of Risk Assessments, Audit Universe and Annual Audit Plan, Review of Regulatory issues management, Impact of Agile ways of auditing on quality of audits.
- Own and manage the resource allocation for the function globally and providing regular updates to ensure effective delivery.
- Delivering training on methodology updates or any other audit related topics as required.
Assistant Vice President – India Offshore Team
Barclays Global Service Centre India Pvt Ltd
08.2017 - 12.2019
- Performing financial, operational and process audits of business processes covering cross border payments, Investigations & Reconciliations, Client Account maintenance, Financial Reporting and other outsourced operations globally.
- Contributing to the development of a risk based annual audit plan, staffing assignments, and apply individual judgment in determining audit coverage.
- Leading the Continuous Business Monitoring activity for the portfolio by engaging with the stakeholders and contributing to robust updating of the Audit Universe.
Deputy Manager, Risk Management & Controls
Sundaram BNP Paribas Fund Services Ltd
06.2015 - 08.2017
- Implementing the risk framework across the Business functions through risk assessments, identifying open risks, analyzing the adequacy of controls, defining and evaluating operational controls in the processes.
- Risk Incidents management by providing support to the operations on key issues including identification of the root causes, suggesting remedial measures and preventive actions over risk incidents reported.
- Risk reporting i.e., Periodical reporting of control results to senior management and reporting of open risk issues, key risk indicators (KRI) and other critical information to Business heads & CEO and Participation in key forums such as Risk Management Committee Meetings, Audit Committee, etc.
- Conducting risk awareness sessions for all employees during induction and periodic training sessions to emphasize importance of risk management.
Assistant Manager, Group Internal Audit
Royal Bank of Scotland
07.2014 - 05.2015
- Performing financial, operational, fraud and process audits of the entity’s business processes covering cross border payments, Investigations & Reconciliations, Client Account maintenance and other outsourced operations globally.
- Coordinating and working with audit staff across global locations in preparation, supervision and peer review of work papers in accordance with professional audit standards.
- Drafting audit reports and discussing and agreeing audit findings and remedial action plans with key business stakeholders.
Assistant Manager, Credit Risk for Project Finance
Tata Capital Housing Finance Ltd
11.2013 - 07.2014
- Identifying credit risks & credit worthiness of client companies by analyzing financial statements, Audit reports etc. and assessing the credit worthiness by analyzing CIBIL, DEDUPE records and other financial & Banking records
- Performing detailed ratio analysis on the financial statements for identifying key financial parameters for assessment and taking prudent credit decision on the basis of Project feasibility, financial analysis, valuation of collateral security.
Senior Associate, Operational Risk & Control
BNP Paribas Global Securities Operations
08.2011 - 10.2013
- Implementing the operational risk framework across business functions through risk assessments, analyzing the adequacy of controls, defining and evaluating operational controls in the processes.
- Providing support to the business on key issues including identification of the root causes, suggesting remedial measures and preventive actions over operational incidents.
- Instrumental in implementing control framework for User Developed Applications in Chennai hub. This was adopted globally by BNP Paribas Securities Services as best practice and worked in core team responsible for developing and implementing governance for application access review.
Articled clerk
Annamalai Associates
03.2008 - 07.2011
- Handled internal audit assignments in manufacturing companies, financial services companies & NGOs, from planning till reporting and executing internal audits of various entities with emphasis on internal control environment.
- Experienced in preparation, consolidation and reporting of Financial Statements (P&L A/c, Balance Sheet, Cash-flow Statements, Projections and Budgets etc.) for various entities.
Education
Chartered Accountant -
Institute of Chartered Accountants of India
11.2012
CS Executive Program - undefined
Institute of Company Secretaries of India
06.2009
Bachelor’s Degree in Commerce - undefined
R K M Vivekananda College, University of Madras
01.2005
Skills
Internal Audit
Timeline
Audit Owner - Vice President - Quality Assurance Team
Barclays Global Service Centre India Pvt Ltd
11.2021 - Current
Vice President - Quality Assurance and Professional Practices Team
Barclays Global Service Centre India Pvt Ltd
01.2020 - 10.2021
Assistant Vice President – India Offshore Team
Barclays Global Service Centre India Pvt Ltd
08.2017 - 12.2019
Deputy Manager, Risk Management & Controls
Sundaram BNP Paribas Fund Services Ltd
06.2015 - 08.2017
Assistant Manager, Group Internal Audit
Royal Bank of Scotland
07.2014 - 05.2015
Assistant Manager, Credit Risk for Project Finance
Tata Capital Housing Finance Ltd
11.2013 - 07.2014
Senior Associate, Operational Risk & Control
BNP Paribas Global Securities Operations
08.2011 - 10.2013
Articled clerk
Annamalai Associates
03.2008 - 07.2011
CS Executive Program - undefined
Institute of Company Secretaries of India
Bachelor’s Degree in Commerce - undefined
R K M Vivekananda College, University of Madras
Chartered Accountant -
Institute of Chartered Accountants of India
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
The way to get started is to quit talking and begin doing.
Walt Disney
References
References are available upon request.
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