Monika Nawdhar
Mumbai
Summary
Dynamic internal audit leader with extensive experience at IDFC First Bank, specializing in risk assessment and data analytics. Proven track record in driving process improvements and automation, enhancing audit efficiency. Adept at delivering high-quality reports and fostering collaboration across teams to achieve strategic objectives.
Overview
13
13
years of professional experience
Work History
Vice President Internal Audit
IDFC First Bank
Mumbai
12.2017 - Current
- Led risk-based internal audits across Retail Assets products (digital lending, consumer durables, auto loans), functional audits (collections, campaigns, payouts), and risk and support functions (including credit risk, model validation, compliance, AML), while driving automation through Continuous Monitoring and Gen-AI solutions.
- Retail Assets Audits (FY 2023–Present): Directed audits of various retail products and functions, drove CCM dashboards, and implemented automation (e.g., Key Fact Statements, APR calculation).
- Risk & Support Functions (FY 2019–2023): Focused on Credit Risk, Model Validation, ICAAP, Compliance, and AML; automated regulatory filings (e.g., CTR, NTR).
- Wholesale Banking (FY 2017–2019): Executed credit audits of wholesale portfolios, assessing origination, underwriting, policy compliance, and loan monitoring.
Manager – Internal Audit
ICICI Bank
Mumbai
08.2014 - 12.2017
- Worked a key member of International Banking Group - Audit Team. Handled Corporate Banking and Branch audits of IBG locations - Bahrain, Dubai, Hong Kong, IBU.
- Demonstrated excellence in trade and product life cycle audit with on-time high-quality audit reports.
- Involved in developing and executing the Audit Plan.
Manager
Anil Lasod & Associates
Mumbai
12.2011 - 08.2014
- Worked in the Internal Audit division, supporting and gradually leading risk and process audits for NBFC clients. Delivered structured audit reports and gained hands-on experience in audit methodologies.
- Led gold loan audits across India and reviewed gold auction processes.
- Conducted internal audits for depository participants and stockbrokers.
- Recommended process improvements and cost-saving initiatives.
Education
Chartered Accountant -
Institute of Chartered Accountants of India
01.2011
PGDBA in finance -
Symbiosis College
01.2011
Skills
- Risk assessment
- Data Analytics
- Process improvement
- MS Office Suite
Timeline
Vice President Internal Audit
IDFC First Bank
12.2017 - Current
Manager – Internal Audit
ICICI Bank
08.2014 - 12.2017
Manager
Anil Lasod & Associates
12.2011 - 08.2014
Chartered Accountant -
Institute of Chartered Accountants of India
PGDBA in finance -
Symbiosis College
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