Raoji C. Raorane
Mumbai
Summary
Seasoned audit professional specializing in internal audit and risk management within the banking sector. Expertise spans operational, credit, and market risk, along with information system controls and compliance. Led risk-based internal audits in wholesale payments, treasury, and third-party management, while leveraging data analytics tools such as Alteryx, KNIME, and Power BI for annual risk assessments and regulatory reporting.
Overview
13
13
years of professional experience
Work History
Audit Manager (VP)
HSBC Bank
09.2023 - Current
- Led global audits of payment systems, ensuring compliance with regulatory standards.
- Oversaw audits of global GPS products to evaluate performance and risk management processes.
- Conducted internal audits of third-party procurement, operational resiliency, and data integrity to ensure compliance and mitigate risks.
- Performed annual risk assessments to identify and mitigate potential vulnerabilities.
- Validated issues and facilitated corrective actions, improving operational effectiveness across teams.
- Analyzed data from internal audits to support decision-making and strategic planning.
- Developed comprehensive audit reports that outlined findings and actionable recommendations for key stakeholders.
- Collaborated with cross-functional teams to implement best practices in compliance.
AVP Internal Audit
J P Morgan
Mumbai
08.2021 - 09.2023
- Conducted internal audits for wholesale payments, ensuring compliance and risk mitigation.
- Executed continuous monitoring processes to detect anomalies and ensure operational integrity.
- Performed annual risk assessments to identify potential vulnerabilities and improve controls.
- Validated issues to ensure accuracy in reporting and compliance standards.
- Managed changes in eCommerce operations to streamline processes and mitigate risks.
- Facilitated reconciliation of accounts to enhance financial accuracy and integrity.
Manager Internal Audit
Bank of China
Mumbai
04.2020 - 08.2021
- Conducted risk-based internal audits, including annual planning and execution across credit, treasury, and trade finance
- Established audit framework for India operations to enhance governance and compliance
- Coordinated with external auditors for statutory, concurrent, IT, and tax audits to ensure adherence to regulatory standards
- Validated regulatory compliance and conducted RBI audits.
AVP Internal Audit
Mizuho Bank Ltd
Mumbai
09.2016 - 03.2020
- Executed annual planning and risk-based internal audits to identify and mitigate potential vulnerabilities.
- Reviewed internal controls on financial reporting, ensuring accuracy and reliability to support financial integrity.
- Led team of three in credit reviews and audits, enhancing overall audit quality and compliance.
- Conducted internal control guidelines audits to ensure compliance.
- Validated regulatory compliance through comprehensive audits directed by RBI.
- Collaborated with external auditors on statutory, concurrent IT, and tax matters.
Team Leader Financial Reporting
J P Morgan
02.2015 - 09.2016
- Led team in executing complex financial transactions and client service initiatives.
- Reviewed primary financial statements (annual and interim) to ensure accuracy and compliance
- Analyzed YOY movements within financial statements to identify trends and variances
- Coordinated communication between departments to enhance workflow and project efficiency.
- Mentored junior staff to improve skills and encourage professional development.
Consultant
Borkar Muzumdar and SSA (CA Firm)
06.2013 - 12.2014
- Performed concurrent audit of HDFC Bank for retail operations, clearing operations, and foreign remittance to ensure regulatory compliance and operational integrity.
- Statutory audit of Nationalized bank, Foreign Bank and Co - operative banks. (focusing on the credit portfolio of the bank)
- Conducted branch audit for compliance with banking regulations and internal policies in wholesale and retail credit, and prepared LFAR following tax audit of nationalized bank.
Education
ISA (Information System Auditor) -
ICAI
01-2018
Chartered Accountant -
ICAI
01-2012
Company Secretary -
ICSI
01-2012
Bachelor of commerce -
Mumbai University
01-2006
Skills
- Internal audit management
- Audit oversight
- Audit strategy
- Compliance audits
- Risk evaluation
- Risk mitigation
- Internal control frameworks
- Data analysis
- Payment processing
- Audit reporting management
- Stakeholder collaboration
- Problem resolution
Accomplishments
- Dynamo Award winner in Global Internal Audit HSBC.
- Awarded by Mizuho Head office Tokyo for contribution in operational excellence.
- Awarded by best performer certificate for contribution in successful implementation of system automation in financial reporting team in J P Morgan Services Pvt Ltd.
Personal Information
- Date of Birth: 04/01/86
- Marital Status: Married
Timeline
Audit Manager (VP)
HSBC Bank
09.2023 - Current
AVP Internal Audit
J P Morgan
08.2021 - 09.2023
Manager Internal Audit
Bank of China
04.2020 - 08.2021
AVP Internal Audit
Mizuho Bank Ltd
09.2016 - 03.2020
Team Leader Financial Reporting
J P Morgan
02.2015 - 09.2016
Consultant
Borkar Muzumdar and SSA (CA Firm)
06.2013 - 12.2014
ISA (Information System Auditor) -
ICAI
Chartered Accountant -
ICAI
Company Secretary -
ICSI
Bachelor of commerce -
Mumbai University