Prasant Kumar Giri

Cluster Manager – Audit & Compliance

• Executed internal audits in line with risk management frameworks, ensuring operational integrity and control effectiveness across branches.
• Developed and implemented audit schedules, quarterly audit plans, and team allocation strategies to ensure timely and efficient audit coverage.
• Ensured adherence to company policies, regulatory requirements, and safety standards, reducing compliance risks.
• Produced detailed audit reports by coordinating with cross-functional teams and validating supporting documentation.
  Prepared and presented monthly MIS and audit progress reports, highlighting key findings, risks, and improvement areas.
• Conducted performance reviews and mentoring sessions for team members to improve audit quality and productivity.
  Audit Execution & KRA Delivery
  Successfully delivered Audit KRAs, including:
  2 Surprise Audits
  1 Auditor’s Audit
  Audit Support Activities
  Fraud Investigation & Follow-ups
  Data Analysis & Audit Support
• Performed branch-level data analysis by consolidating inputs from multiple departments and reviewing loan files at Regional Office level.
• Extracted and analyzed audit data from Jayam software, sharing actionable insights with auditors on a monthly basis.
• Designed and shared client categorization data (regular, new disbursement, insurance, first-time OD, repeat OD, sub-90-day OD cases) to improve audit coverage and targeting.
  Audit Monitoring & Compliance
• Monitored auditor visits through daily tracking systems and telecommunication, ensuring timely reporting of major observations.
• Verified and reviewed all audit reports thoroughly before closure to ensure accuracy and completeness.
• Conducted online compliance reviews, tracking delayed and rejected compliance cases and ensuring timely follow-up with concerned teams.
  Risk Control & Escalation Management
• Issued warning mails, show cause notices, and explanation requests to operations teams based on critical audit observations.
• Handled fraud identification and escalation, including issuing formal notices to responsible staff.
• Monitored branch cash flow, escalating cases of excess cash holding beyond 3 days to mitigate financial risk.
  Management & Reporting
• Prepared monthly audit committee reports and facilitated regional audit meetings to present key insights and action plans.
• Coordinated closely with auditors and operations teams to ensure effective communication, issue resolution, and compliance closure.

• Client visits: Check meeting discipline- timing,conduct, staff, and client discipline, check passbooks interact with clients and also check loan utilization.
• Loan Documents: check Loan Application, Promissory notes, and other document required as per policy.
• Financial reports and records : Check receipts, vouchers cashbook, Ledgers, client passbook, MFIs bank passbooks, Cash Balance.
• Conduct Audit and finalizing with quality recommendations for mitigating risk, controlling cost, plugging revenue leakage and enhancing operation efficiency/performance of ares audited.
• Compliance follow up for rectification of audit findings and implementation of audit recommendations and timely closure of audit reports.
• Conducted comprehensive audits of financial records and operational processes.