Laxmikant Sahu
Thane
Summary
Enriched with 6 years of experience in the field of internal audit, risk management and consulting for capital market and financial services industry.
Extremely motivated to constantly hone my skills and grow professionally. I am confident in my ability to come up with interesting ideas.
Overview
6
6
years of professional experience
Work History
Manager
Deloitte Touche Tohamatsu India LLP
Mumbai
10.2024 - Current
- Effectively led a team of several members in conducting internal audits and ensuring compliance for Asset Management Company (AMC), covering treasury, fund accounting, valuation, custody, and R&TA operations, annual PPM review, enhancing operational efficiency, and regulatory adherence for AIF and PMS funds.
- Performed audits of Mutual funds covering areas like Compliance & PMLA review, I-NAV process, Dealing room controls review, Customer servicing, Skin in the game review etc
- Led and performed an advisory service for a leading private bank pertaining to its offshore NRI business, covering business permissibility, customer and trade lifecycle as per host country regulations, and recommending remediation for the business.
- Developed a comprehensive business development proposal for clients across the capital market industry.
- Ensured thorough management of risk formalities and compliance for all ongoing and new projects.
Manager
BA Continnum India Pvt Ltd
Mumbai
12.2023 - 10.2024
- Assisted in the implementation of quality assurance of the first line of defence for the global investment business.
- Monitoring and independent review on a sample basis of controls performed by the first line of defence.
- Performing independent review and continuous monitoring of remediation steps for open operational risk events or issues highlighted by auditors.
- Review of OFAC scanning procedures and its documentation maintained by the Department.
- Periodical updates and MIS to the senior management on the completeness and accuracy of the controls testing.
Deputy Manager
Deloitte Touche Tohamatsu India LLP
Mumbai
06.2021 - 12.2023
- Led multiple engagements with a team consisting of 13–15 people.
- Led internal audit engagement of clearing house of money market. It consists of major areas like clearing and settlement, risk management, collateral management, certification on benchmarks published to FBIL etc.
- Performed an internal audit of India's leading stock exchange and the Clearing Corporation of India, covering major areas such as trade terminals, member compliance, surveillance and investigation, clearing and settlement, risk management, collateral management, clearing compliance etc.
- Led a team to design ERM framework in accordance with COSO guidelines for a group company covering SOP drafting and RCMs.
- Led a team for internal audit of Fund management business (AIF) and Stock broking for leading companies.
- Have handled prepartion of proposals and risk formalities.
Senior Associate
ANB Solutions Pvt Ltd
Mumbai
11.2020 - 05.2021
- Internal audit as per the NSE & BSE and submissions of half-yearly reports to the Exchanges
- Verification of operational aspects related to onboarding, Trade, Margin,
settlement, holdings, bank recon, compliance etc
Associate
Aneja Associates
Mumbai
09.2019 - 11.2020
- Internal audit as per the NSE, BSE, MCX and NCDEX and submissions of half yearly reports
- Internal audit of Designated depository participant of a leading custodian covering FPI investors onboarding as per SEBI FPI regulations, maintenance of DEMAT accounts and periodic reconciliations of accounts maintained with Custodian
- Process audits to validate the efficacy of the operations and activities
- Verifying the risks and controls in the process and suggestions of any process improvements
- Compliance of SEBI regulations for AIF, VCF and PMS funds
- Verification of receipts, investments, distributions to/from the fund, bank and DEMAT scrutiny, valuation of the fund, timely reporting to SEBI etc
Education
Chartered Accountant -
Institute of Chartered Accountants of India
05-2019
Bachelor of Commerce -
Mumbai University
01.2016
Skills
- Project Management
- Leadership
- Deliver quality results
- Teamwork
- Time management
- Effective Communication
Hobbies and Interests
- Travelling
- Sketching
- Reading & writing poems
- Listening music
Languages
English
First Language
Hindi
Upper Intermediate (B2)
B2
Marathi
Upper Intermediate (B2)
B2
Oriya
Intermediate (B1)
B1
Timeline
Manager
Deloitte Touche Tohamatsu India LLP
10.2024 - Current
Manager
BA Continnum India Pvt Ltd
12.2023 - 10.2024
Deputy Manager
Deloitte Touche Tohamatsu India LLP
06.2021 - 12.2023
Senior Associate
ANB Solutions Pvt Ltd
11.2020 - 05.2021
Associate
Aneja Associates
09.2019 - 11.2020
Chartered Accountant -
Institute of Chartered Accountants of India
Bachelor of Commerce -
Mumbai University
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