Mamta Vora
Chartered Accountant
Summary
Chartered Accountant with 5.9+ years of post-qualification work experience in Financial Services Risk and Business Advisory. Worked on projects like Internal Audits, Treasury Review, Control Testing, Risk Assessment, Change Management, Compliance Reviews, Regulatory Reporting Automation and Compliance across Banking, Capital markets and NBFCs. Experience in business development and team management.
Overview
6
6
years of professional experience
Work History
Manager
Grant Thornton
04.2024 - Current
- Managed multiple business development initiatives, prepared RFPs across financial services entities including drafting of proposals, pricing, and pitch for client meetings. Ensured client anchoring for engagements encouraging recurring business.
- Developed and validated Corrective Action Plans (CAPs) for assigned businesses, ensuring they effectively addressed issues identified in Fundamental Credit Risk Reviews, Prudential Regulatory Authority (PRA) Trade Controls , and Business Monitoring, driving improvements in risk management processes and ensuring compliance to regulatory commitments.
- Delivered and managed projects such as Change Management, Internal Audits, Risk Assessments, Issue Management, RCSA, KRI validation, Enterprise Risk Management, Credit Risk Data Validation for Banks and NBFCs.
- Reduced risk exposure by implementing effective risk assessment processes, identifying vulnerabilities, and developing strategies for mitigation.
- Led a review of RBS Tranche III submissions for compliance, resolved financial discrepancies, and provided process improvement recommendations.
- Managed internal audit of treasury function for a Middle Eastern organization, optimizing liquidity and debt structures, and evaluating counterparty risk.
- Spearheaded the development and implementation of Operational Resilience Frameworks, ICAAP Review and Stress Testing models for multiple BFSI clients, ensuring compliance with regulatory standards.
Senior Consultant
Ernst & Young LLP
03.2021 - 03.2024
- Prepared RFPs for Banks and NBFCs including drafting of proposals and pricing for client meetings.
- Conducted automation of regulatory returns for a large NBFC group, focusing on risk exposure, compliance testing, data lineage, preparation of BRDs and workflow preparation. Contributed to EY's proprietary regulatory reporting tool (EY ART) and presented updates to the steering committee.
- Led internal audit of credit risk for the capital markets segment, evaluating risk management practices, regulatory compliance, and internal controls for a leading Indian bank
- Managed a Front office controls teams of a large Swiss based investment bank for their Global Markets division handling change management, supporting transformation initiatives, reviewing of existing metrics and data governance.
- Experience in various assignments on process and controls review & gap analysis along with formation of Business requirement analysis, documentation, discussion, solution designing, FRD preparation & sign off.
- Conducted control testing for business and SOX controls to ensure operational risk mitigation and policy compliance.
- Developed procedures for identifying risks in automated controls, documented risks and controls for Global Market processes, and built a central control platform based on FRTB regulations for trading desks aided in building Mandate hierarchy.
- Assessed controls framework, mapped processes, and produced standard documentation.
- Coordinated change management, measured progress, oversaw UAT testing, and supported change adoption to meet performance objectives.
- Prepared process documentation and developed RCMs, ensured system data lineage, testing US Regulatory reports, identifying issues, performing root cause analysis, providing remediation, monitoring timely implementations of audit findings, and providing MIS for reporting to the Audit Committee.
Deputy Manager
Axis Bank
09.2019 - 03.2021
- Conducted thematic audits on Loan Disbursal Process and Credit Monitoring Activities, reviewed test controls and identified significant gaps at design as well as operational level
- Conducted audit of Red Flagged Accounts (RFA) and Early Warning Signals (EWS) including model analysis used for classification process, verification of the provisioning norms as per applicable regulatory guidelines
- Tested compliance provided by the departments on remarks made by RBI, including testing of regulatory returns
- Presented report with audit findings and highlighted irregularities like leakage of revenue, deviation from sanctioned terms, incomplete security creation (PSC), non- compliance of internal and RBI guidelines
- Conducted pre-audit exercise, providing risk-based audit plan, data mining, identifying tests against controls, root cause evaluation & recommended corrective actions
- Prepared synopsis and notes for submission to the Audit Committee of the Board
- Ranked the Corporate Banking Branches on operating effectiveness to optimize resource allocation and audit planning
- Extracted and analyzed data using SQL to check for exceptions, thereby strengthening effectiveness of controls available in the systems
Education
Chartered Accountant (CA) -
ICAI
Master of Commerce (M. Com) - undefined
K.J. Somaiya College of Arts and Commerce
CFA Level 1 - undefined
Chartered Financial Analyst- United States
Skills
Risk Assessment
Risk and Controls Supervision
Project Management
Operational risk management
Internal Audits
Change management and Control testing
Regulatory Reporting automation
Treasury Review
Accomplishments
- EY- Kudos Award - Q3 FY 2022 for Outstanding performance
- Credit Suisse Rave Gold Bar Awards (Client recognitions)- Q3 & Q4 FY 2022
- Grant Thornton- Spot Award - 07/01/24 for Outstanding client feedback
- Led the newsletter for GT Publications on RBI Regulatory Banking Insights Newsletter in 2024 (Published on LinkedIn & GT)
Timeline
Manager
Grant Thornton
04.2024 - Current
Senior Consultant
Ernst & Young LLP
03.2021 - 03.2024
Deputy Manager
Axis Bank
09.2019 - 03.2021
Master of Commerce (M. Com) - undefined
K.J. Somaiya College of Arts and Commerce
CFA Level 1 - undefined
Chartered Financial Analyst- United States
Chartered Accountant (CA) -
ICAI