PRAKASH R
Bengaluru
Summary
Over 27 years of successful experience in internal audit, finance, marketing and customer service. Consistently made significant contributions and have demonstrated sound business judgments, decisiveness, and well developed planning, analytical, and communication skills at consistently high levels of performance in variety of progressively responsible and challenging assignments.
Overview
27
27
years of professional experience
1
1
Certification
Work History
Head - Internal Audit and Quality Assurance
IIFL Samasta finance Limited
Bangalore
2018.06 - Current
- Reporting functionally to Chairman of Audit Committee and administratively to Managing Director
- Established and maintained first-ever in-house Internal Audit Function: Created and implemented first Internal audit Policy approved by Audit Committee/Board of Directors
- Designed, developed, and implemented internal audit process, policies, procedures methodologies and documentation standards.
- Hired, trained and supervised over 155 subordinates audit staff through Zonal/Regional team leaders across 16 states
- Implemented real-time audit analytics tool with business units to improve fraud detection and reduce process defects
- Developed and implemented risk based internal audit framework across Head Office/ Zonal office functions and 768 branches
- Performed and managed audits and presented significant findings and recommendations to management and audit committee
- Collaborated with business to drive actions that are pragmatic and achievable
- Performed and followed Institute of Internal Auditors' International Professional Practices framework.
- Conducted, coordinated and overseen investigations of potential fraudulent activities and matters referred through Whistle blower process
- Led team members to complete two projects as part of Six Sigma Training and data analytics
- Actively participated as committee Member for Prevention of Sexual Harassment in workplace
- Consistent Performer from past three years – Rated as “Far Exceeds Expectation”
AVP - Internal Audit
Equitas Small Finance Bank Limited
Bangalore
2017.10 - 2018.06
- Facilitated ERM activities across all functions including ongoing and consistent strategic business processes, and emerging risk identification and assessment, and ensure successful implementation of uniform and standardized methodology for risk assessment to audit plan
- Directed, lead, supervised and perform procedures to validate implementation of management’s actions to remediate significant issues and recommendations
- Coordinated with other control and monitoring functions (e.g., risk management, compliance, security, legal, and/or external audit)
- Overseen and managed delivery of high quality, timely audit projects and performance reporting
- Led team consisting of 12 members across South India
Head - Internal Audit
Credit Access Grameen Limited
Bangalore
2014.03 - 2017.10
- Facilitated annual enterprise wide risk assessment and formulated annual and long-term audit plan
- Determined and monitored key risk indicators and trends to support risk assessment and application of appropriate risk mitigation strategies, and maintain dialogue with team members and peers both internally and externally, to provide perspective, influence and guidance
- Led team members consisting of 70 Nos through regional team leaders across Karnataka, Tamilnadu, Maharashtra, Madhya Pradesh and Chhattisgarh states with special emphasis on planning, execution, compliance and follow-up audits to ensure that operational polices/processes are being adhered at all levels
- Collaborated with department management team and execute strategy, design, and development of new internal audit processes and ongoing process improvements that include robust frameworks, methodologies, processes, deliverables and quality assurance mechanisms for all team workstreams
- Operated as thought leader and champion of Internal Audit vision and strategy by supporting and actively communicating with team and business
Regional Audit Manager
Ujjivan Financial Services Private Limited
Bangalore
2010.12 - 2014.02
- Managed Audit team consisting of 25 Nos across south region with special emphasis on planning, execution and follow up on Branch/Field audits
- Annual/Quarterly manpower planning and deployment for various types of audit
- Ensured timely completion of Complete/Surprise audits and follow up for compliances from branches
- Analyzed audit report submitted by various teams, summarized and submitted to Head of Audit for circulation to executive members
- Submitted monthly updates to Head of audit/Leadership team of region and appraised branch wise key findings
- Followed up with Vigilance department to investigate fraud cases escalated by team
- Ensured regional audit expenses and staffing are within annual budget plan
- Managed team of employees, overseeing hiring, training and professional growth of employees
- Carried out day-to-day duties accurately and efficiently
- Participated in team-building activities to enhance working relationships
- Participated in continuous improvement by generating suggestions, engaging in problem-solving activities to support teamwork
- Demonstrated respect, friendliness and willingness to help wherever needed.
Senior Manager
Canara Bank
Bangalore
1995.06 - 2010.12
- Instituted and managed inspection wing - Zonal inspectorate, New Delhi reporting to General Manager
- Played key role in developing risk based internal audit plan for all branches across North India and lead compliance efforts.
- Branch in charge of Medium Sized Branch of about 50 Crores - handling 15 subordinates
- From probationary officer to senior manager performed various supervisory roles across rural/ urban branches, retail banking, credit underwriting, advances and IT Management
- Provided strong leadership to enhance team productivity and morale
- Maintained frequent interaction with senior management to measure goal achievement and determine areas of improvement
- Conducted performance evaluations, compensations and hiring to maintain appropriate staffing requirements
- Implemented and developed operational standards, policies and procedures
- Brainstormed and developed sales strategies to achieve short and long term sales revenue objectives
Education
Ph.D. - Management (Provisional)
CMJ University
Shillong06.2013
MBA - Information Technology And Finance
Sikkim Manipal University
Manipal06.2007
Bachelor of Science -
Bangalore University
Bengaluru04.1993
Skills
- Flexible & Adaptable
- Collaboration
- Conflict Resolution
- Self-motivated professional
- Good listening skills
- Decision Making
- Customer Service
- Excellent work ethic
Certification
- IIA Certified Internal Auditor (CIA) - Cleared Part 1 (2021)
- Certified Six Sigma Green Belt ( Jan 2019)
- Diploma in Microfinance ( Mar 2011)
- ISACA Certified Information System Auditor (CISA) (Mar 2008)
- IIBF Certified Information System Banker (CeISB) (Feb 07)
- IIBF Certified Associate of Indian Institute of Banking (CAIIB) (Feb 05)
Volunteering
- Governor of Institute of Internal Auditor (IIA) - Bangalore Chapter (Since June 21)
- Served as Secretary, AVP - Education, AVP- PR in Mecon Communication Club (Toastmaster International) (Jan 21 - Mar 22)
Timeline
Head - Internal Audit and Quality Assurance
IIFL Samasta finance Limited
2018.06 - Current
AVP - Internal Audit
Equitas Small Finance Bank Limited
2017.10 - 2018.06
Head - Internal Audit
Credit Access Grameen Limited
2014.03 - 2017.10
Regional Audit Manager
Ujjivan Financial Services Private Limited
2010.12 - 2014.02
Senior Manager
Canara Bank
1995.06 - 2010.12
Ph.D. - Management (Provisional)
CMJ University
MBA - Information Technology And Finance
Sikkim Manipal University
Bachelor of Science -
Bangalore University
- IIA Certified Internal Auditor (CIA) - Cleared Part 1 (2021)
- Certified Six Sigma Green Belt ( Jan 2019)
- Diploma in Microfinance ( Mar 2011)
- ISACA Certified Information System Auditor (CISA) (Mar 2008)
- IIBF Certified Information System Banker (CeISB) (Feb 07)
- IIBF Certified Associate of Indian Institute of Banking (CAIIB) (Feb 05)
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