Pratik Ramdharne

Enterprise Risk Management(ERM)

• Developed and reviewed risk management, vendor, and outsourcing policies aligned with industry standards and best practices.
• Defined Key risk indicators(KRI) for the organisation with the help of functions. Monitoring the KRI indicators and reporting the same on Quarterly basis to various Top Management Committee and Board.
• Annual review of Key Risk Indicators with the help of Business functions based on previous year trend and failure observed.
• Implemented ISO 31000 Framework in the organization to establish a structured, enterprise-wide risk management process, ensuring consistency in identifying, analyzing, and mitigating risks through Internal and External Audit from the certification body.
• Facilitating with respective departments for addressing the bank requirements and closing the same within defined timelines.

Operational Risk Management(ORM):

• Conducting review of RCSA's across all functions within the organization through detailed discussion with respective departments.
• Review of the Standard Operating Procedures(SOPs) of respective department and getting approved by respective committee.
• Conducted control testing of RCSAs, presenting control failures with action plans and closure status to top management and respective committees.
• Developed the RCSA template based on inputs received from ISO 31000 Auditors.
• Developed Report Risk portal for the organization with help of IT function.

Vendor Risk Management.

• Framed risk-based vendor checklist for vendor assessments, enhancing evaluation process and compliance.
• Analysed the vendors for assessment from vendor base with help of finance function.
• Conducting vendor assessment with help of business SPOCs.

Explored various aspects of risk management to enhance organizational resilience.

• Understanding of Business continuity and various BCP documents.
• Conducting Risk based trainings and surveys for organization.
• Understanding of Digital Personal Data Protection Act, 2023 and working with similar team for implementation.

• Assessed risk exposure for insurance and bank clients using COSO Framework and ISO 31000.
• Conducting Risk based Internal Audits of Insurance companies.
• Developed internal financial control (IFC) and risk and control self-assessment (RCSA) frameworks for insurance clients.
• Tested IFC and RCSAs, reporting findings to top management for informed decision-making.

• Conducted enterprise-wide risk assessments, identifying control gaps and operational inefficiencies, which informed strategic decisions for insurance and banking sector.
• Implemented process enhancements to strengthen internal controls and mitigate risk exposure, contributing to improved overall governance.
• Prepared clear, concise audit reports for senior management and board committees, highlighting key findings and actionable recommendations.
• Executed annual audit plans aligned with organizational objectives, regulatory requirements, and risk priorities for insurance and banking sector, ensuring compliance and risk mitigation.

• Compiled and presented audit reports to senior management, highlighting key findings and recommendations.
• Analyzed organizational processes through audits to identify inefficiencies and enhance operational effectiveness.
• Conducted branch audits to ensure compliance with organizational standards and identify areas for improvement.
• Conducted vendor audits to ensure compliance with company standards, prepayment verification of the commission payable to broker /Agency.
• Concurrent Audit on a monthly basis of each department of the organization.
• Preparing the Internal Financial controls and Risk control matrix.

• Conducted branch audits to assess compliance and operational effectiveness across organization branches.
• Concurrent Audit on a monthly basis of each department of the organization.
• Conducted vendor audits to ensure compliance with payment terms.
• Compiled and presented audit reports to provide insights and recommendations for process improvements.
• Understanding the various processes of the organization and conducting the process audit.
• Developed internal financial controls and risk control matrix to mitigate financial risks within the organization.

• Filed income tax returns for clients.
• Recorded client data for income tax return filing.
• Established new company, managing foundational activities.

• Prepared profit and loss statements and balance sheets in Excel for accurate financial reporting.
• Filed income tax returns for clients, ensuring compliance with regulations.
• Conducted cost management and cost audits to ensure financial compliance.
• Managed client accounts and performed data entry in Tally software.