Summary
Overview
Work History
Education
Skills
Language Known
Accomplishments
PERSONAL
Timeline
Generic
Nikhil Shetty

Nikhil Shetty

Thakurli

Summary

A Chartered Accountant with 13 years of experience in Audit, Risk Management, and Consulting, including 3 years of Articleship. Skilled in serving diverse BFSI clients—ranging from Banks and NBFCs to Asset and Wealth Management and Broking firms. Adept at leading cross-functional teams, driving audit quality, and providing strategic insights to senior management and stakeholders. Known for fostering a culture of integrity, accountability, and continuous improvement.

Overview

13
13
years of professional experience

Work History

Vice President

JP Morgan Services Pvt Ltd
12.2021 - Current
  • Led Internal audits for various Wealth Management products within Wealth Management Product Development and Management Solutions. As part of the audit executed planning, supervised execution and finalized issues in discussion with Business Leads. Executed the audit with full coverage and within the timeline. Ensured regular stakeholder discussion and got appreciation for great stakeholder management. Utilized Data Analytics tools to conduct audits in efficient and effective manner and covered full population under review. Implemented Agile methodology to execute the audit for effective execution.
  • Conducted Risk Assessment for various Audit Units to determine the Inherent risk and Control effectiveness and to conclude on Residual risk.
  • Led Issue Validation to ensure issues identified by Audit, 2LOD, Regulator is remediated and Action plan agreed by the Management is implemented.
  • Created Continuous Monitoring (CM) events for various Business units as per the CM Event policy. Assessed existing CM events for coverage within Audits.
  • Participated in Firm related activities such as DEI Committee, Data Analytics group, Agile Implementation working group.
  • Provided Training to onshore and India teams on Audit methodology, Data Analytics usage and Business processes.
  • Contributed to the end-to-end recruitment cycle, including drafting Job description, shortlisting resumes, conducting interviews, and supporting hiring decisions.

Senior manager

Genpact Risk Consulting LLP
07.2020 - 12.2021
  • Executed a special assignment for Global Trade and Transaction Reporting team in Morgan Stanley, focusing on Control inventory, Rule Interpretation, Control Attestation and Operational effectiveness testing for Transaction Reporting controls.
  • Control Inventory (CI): Instrumental in streamlining the CI to include Transaction Reporting Controls and map it with firm’s control framework. Mapping was done with RACI matrix to reinforce relevant control owners within the CI.
  • Executed a review of Issue Management and Change Management control across EMEA, North America and ASIA region covering various Transaction Reporting regulators.
  • Assisted internal team for various business development initiatives in preparation of proposals and RFPs. Took charge of resource recruitment by keeping track on resource need, assessing profiles, conducting Interviews and interacting with clients.

Auditor- Inspection General

Sharekhan by BNP Paribas
05.2018 - 05.2020
  • Reviewed organization structure and commercial setup for optimization opportunities. Conducted Market analysis and competition analysis. Assessed legal, risk and compliance framework to check the effectiveness and efficiency of first and second level of control. Assessed applicability of Local and Group regulatory requirement and checked level of compliance adherence.
  • Conducted audits across various functions/departments of Sharekhan and its group entities, such as Investment Solution, Asset gathering, Franchisee, Branch Network, client acquisition, Digital Marketing, Finance and Human resource. Review included assessment of governance structure and commercial setup, role of 1st and 2nd LOD, role of transversal team such as Compliance, legal and Risk and assessment of operational activities and processes.

Assistant Manager

PwC
10.2015 - 04.2018
  • Due-Diligence and Loan portfolio Valuation: Led a special project for valuation of loan portfolios for leading PSU bank in India. As a part of the assignment conducted due diligence of loan portfolio to comment on the current loan classification basis the financials, industry outlook and overall conduct of the account. Additionally, provided an independent view on additional provision is to be made by the bank.
  • Review of Loans: Reviewed wholesale and retail lending businesses for a leading private bank in India, which includes Corporate Lending, Real Estate Lending, project financing, Housing loan, Education loan, vehicle loan and personal loan covering in depth review of credit sanctioning, credit administration and credit monitoring functions.
  • Internal Financial Controls Review: Conducted IFC review for a leading bank in India covering areas such as Corporate Banking, Business Banking and Trade Finance operations.
  • Operational Risk Review: Reviewed Business functions of Operational Risk division for a leading nationalized bank in line with the BASEL AMA requirements and RBI regulations.
  • Led Internal Audit for various Banks, Asset Management companies, NBFCs and other Payment solution clients and prepared the audit report summarizing observations/recommendations and presenting it to the management and the Audit Committee.
  • Process Review for Asset Management Companies: Conducted Internal audit of Asset Management department, AML division and Compliance Department.
  • Conducted Corporate Governance review for the largest Asset Management Company in Saudi Arabia to cover various aspects undertaken by Board, Board committees and Management Committees.
  • Treasury Audit: As a part of Corporate Treasury Operations, performed review of Commodity Hedging and Forex for one of the largest PSU covering Front Office, Middle Office and Back Office operations.
  • Conducted Quality Assurance assignments for various external clients and internal in PwC for projects conducted by peers.

Audit Manager

RSVA & Co Chartered Accountants
08.2015 - 09.2015
  • Concurrent Audit: Conducted Concurrent audit for various branches of leading Nationalized and Private banks covering various areas such as Deposits, Advances, Treasury, NPA, Electronic Payments, Cash and Bank Balances, verification of various assets, Returns and Head office reconciliations, etc.
  • Carried Stock audit, Revenue audit and Credit audit for various banks.
  • Compliance Review: Assistance in compliance with RBI guidelines provided to a Co-operative bank for its Treasury desk and Advance desk.
  • Led the statutory bank audit engagement for various Co-operative banks and Private banks with special emphasis on following areas: Advances/Credit, Treasury Operations, Deposits, Human Resource Functions, NPA Analysis, Information System and Controls.

Audit Intern

RSVA & Co
08.2012 - 08.2015

Education

Chartered Accountant -

ICAI
05.2015

M.Com - undefined

University of Mumbai
05.2018

B.Com - undefined

University of Mumbai
05.2014

Skills

  • Audit (Internal, Statutory & Concurrent)
  • Operational & Enterprise Risk Management
  • Operational Effectiveness Testing
  • Process Review
  • Risk & Control Assessment
  • Review of Internal Control Framework
  • Compliance Review
  • Policy document review & Gap Analysis
  • Corporate Governance
  • Trade and Credit Operations
  • Trade and Transaction Reporting Operations
  • Change Management
  • Issue Management
  • Team leadership

Language Known

English
Tulu
Kannada
Hindi
Marathi

Accomplishments

  • Awarded with Peer awards for going above and beyond at Audit and Team activities
  • Awarded with “Genpact Excellency Award”
  • Awarded with “PwC Above and beyond award” for Q3-2016, Q1-2017 and Q2-2017
  • Awarded with “PwC Experience Award” for 2016 and 2017
  • Deputed on various International Assignments and was deputed on a short term secondment to PwC Saudi Arabia
  • Honored with title of “Sword of Scholar” for securing first rank in F.Y.Com, S.Y.B.com and T.Y.B.com
  • Won “Best Student of the College” award
  • Topper of Mumbai University in M.com and Bcom
  • Gold Medalist in 4 subjects in Bcom
  • 1st in Maharashtra SSC Board

PERSONAL

  • DOB : 24 August 1993
  • Address : 503/C-wing, Shivam-Balaji Anangan Complex, 90 feet road, Thakurli-421201.

Timeline

Vice President

JP Morgan Services Pvt Ltd
12.2021 - Current

Senior manager

Genpact Risk Consulting LLP
07.2020 - 12.2021

Auditor- Inspection General

Sharekhan by BNP Paribas
05.2018 - 05.2020

Assistant Manager

PwC
10.2015 - 04.2018

Audit Manager

RSVA & Co Chartered Accountants
08.2015 - 09.2015

Audit Intern

RSVA & Co
08.2012 - 08.2015

M.Com - undefined

University of Mumbai

B.Com - undefined

University of Mumbai

Chartered Accountant -

ICAI

Similar Profiles

CREATE PROFILE
Nikhil Shetty