Ratul Basu
Vice President
Bengaluru
Summary
To work in professional environment wherein I can apply to my potential skills and abilities and gain more knowledge out of it.
Overview
3
3
Languages
16
16
years of professional experience
Work History
Vice President
JPMorgan Chase
Bengaluru, India
08.2023 - Current
- Lead end-to-end risk identification, assessment, and control evaluation activities across the Asset and Wealth Management – Fund Controller organization.
- Execute and oversee Risk & Control Self-Assessments (RCSA), ensuring risks, controls, and mitigation strategies are appropriately documented and monitored.
- Partner with business stakeholders to identify control gaps, perform root-cause analysis, and drive timely remediation of issues.
- Manage operational risk events, incidents, and governance reporting, ensuring compliance with enterprise risk frameworks and regulatory expectations.
- Serve as a subject matter expert for risk and control management within Asset and Wealth Management – Fund Controller.
- Monitor control effectiveness through ongoing testing, assessment, and reporting, escalating deficiencies where required.
- Lead issue lifecycle management from identification through closure, including action-plan development, validation, and stakeholder communication.
- Support internal and external audits by maintaining control documentation, evidence repositories, and remediation tracking.
- Collaborate with cross-functional teams to design and implement robust control frameworks that strengthen operational resilience and reduce risk exposure.
- Provide strategic risk consulting and advisory support to business leaders, ensuring alignment with governance standards and business objectives.
- Drive continuous process improvement initiatives to enhance control effectiveness, operational efficiency, and regulatory compliance.
- Prepare and deliver risk, governance, and control reporting to senior management and key stakeholders.
- Partner with Asset and Wealth Management – Fund Controller managers to design, implement, and monitor controls that effectively manage operational and financial risks.
- Coordinate with Business Control Management (BCM), Compliance, Audit, and Operations teams to ensure consistent execution of risk management programs.
Assistant Vice President
Wells Fargo
06.2020 - 08.2023
- Expertise in performing Operational Risk and Controls Self-Assessments and monitoring the control environment to identify and escalate controls gaps and monitor timely remediation
- Performed the aggregation and consolidation of risks at the enterprise level by taking input from different LOB's
- Ensured risk program had been executed as per the centralized guidelines
- Ensured Data Management governance in the process
- Generate the Data Loss Prevention (DLP) report and evaluate the issues and draft remediation
- Provide Trainings to the employee and new joiners on Data Management
- Evaluate the record retention requirement of the process and classify data accordingly in the process
- Identify issues and support in formulating a mitigation plan
- Assess risk event impacts to Controls environment and escalate / report in appropriate control forums
- Expertise in documenting process flows to summarize the process and identify key controls/control gaps and risk assessment
- Provide risk and control advice and support business to design and implement controls to enable better risk and compliance outcome
- Identify and initiate actions to remediate risks, incidents, and issues
- Contribute towards identification and implementation of new controls for various LOB's
- Excellent communication, presentation, decision making, and analytical skills
- Proven ability to take direction, multitasks, and work under pressure
- Great flexibility around the workspace
- Effective time management skills
- Excellent team working skills
- Team management experience of 20 members
- Expertise in the usage of MS Office: Tally, Word, Excel, Access, and PowerPoint
Internal Auditor
PayPal
07.2019 - 05.2020
- Preparation of the Risk and control matrix
- Control mapping along with the Obligations
- Evaluation of residual risk in a process
- Process Walkthrough
- Creation of Standard Operating Procedure for different process
- Regular updates of Risk Register of a process
- Author and update global documentation based on requests submitted via business units
- Documents within scope: policy, process mapping with internal controls, procedure creation
- Develop an understanding of the overall scope of assignments by utilizing documentation provided by the requester such as, Process Maps, Flow Charts, and Policies
- Review and maintain all global procedural requests via an online tool to determine prioritization, assignment, relevance and follow-up
- Review/rewrite existing procedural content into Policy & Procedure Team editorial standards including the approved structured format
Deputy Manager (Internal Audit and Corporate Governance)
Genpact
10.2017 - 05.2019
- Preparation of the Risk and control matrix
- Deciding on the scope of the Audit
- Conduct the Risk Assessment
- Conduct testing
- Share test results
- Prepare Audit report
- Perform Audit in relation to Finance, IT and process
- Performed System walkthrough
- Performed Site walkthrough and Data Center Walkthrough
- Review of the Master Service Agreement and identifying the critical areas and process that needs to be audited
- Review of the statement of work and understanding the nature of work outsourced to Genpact
- Review of the SOP's of the process which are audited and identifying any gaps in terms of the requirement from the client and the actual work delivered to client
- Review of the Quality Assurance Program of the process such as the selection criteria of the samples and frequency of the checks performed in the process
- Understand the Organization structure in the process and see if the roles, responsibility and accountability are correctly mapped to each individual or not
- Understand the training program around the process
- Identifying the resources and see if right people along with the right kind of skill sets are assigned to a specific task or not
- Understand the Incident Management process and see as how the Non IT and IT incident are reported in the process
- Preparation of risk registers which will identify the areas of risk around the process along with the remediation plan and process owners
- Understand the current control matrix of the process and see if the same are adequate enough to mitigate any critical risk or not
- Validating the BGC reports of the Individual working in the process and identify any gaps noted during the review
- Understand the User Access Management of the process and see as how the accesses are granted and revoked for the Individual
- In terms of Physical security check of the site- see if the process maintains physical safety and security document or not and the security of the site such as the entry points staffed for 24 hours, asset register, visitor register maintained and updated on a daily basis, physical access grant and revocation done on a timely manner
- In terms of Data Security- see if the laptops and Desktops are encrypted, no unauthorized software downloaded, anti-virus updated, access to Internet are restricted
- In terms of Commercials, review of the accruals and billing file, Invoice register and resource aligned to the specified projects, bench percentage
- Review of the Business Continuity plan and Hot and cold test results of the process
- Understanding the Segregation of duty (SOD) matrix and identifying any potential conflict
- Review of the Service Level Agreement (SLA) and Compliance Dashboard of the process and identify any gaps in reporting or preparation of those dashboards
- Review the Information security policy of the process
- Review the data classification guidelines of the process
- Review of the asset register and controls in terms of the protection of the equipment's at the time of disaster
- Review of the Access control document of the process
- Review of the password management policy
Risk and Compliance Analyst (Team Lead)
Accenture
09.2016 - 09.2017
- Responsible for delivering Process Controls Compliance Monitoring services to one or more accounts
- Ongoing support to the service delivery operations by an independent team to validate the existence, occurrence, and functionality of selected key controls as documented that support operational processes
- Surface control issue, assess trends which can be an input for service delivery team and OE for proactive remediation actions
- Reporting results, analysis and support closure of control gaps
- Major areas looking into Procure to Pay (P2P) - Vendor Master Data, Invoice Processing
- Payment Processing, Travel & Expenses & Vendor reconciliations
- Order to Cash (O2C) - Customer Master Data, Credit and Collections and Cash Application
- Record to Report - Fixed Asset, Journals, Reconciliations
- Support On-boarding process - Key Controls selection
- Provide support in facilitating the process and key controls selection including
- Obtain process and controls understanding
- Perform incident & issue report analysis
- Perform metric gap & trending analysis
- Highlight the risk in the processes and controls
- Provide support to set up procedure for ongoing process controls testing
- Directly responsible for Ongoing Controls Validation and Reporting
- Perform control testing as per the agreed timelines including Sample selection
- Review supporting documentation/evidence/job aids/Local work instructions
- Document and communicate the results
- Provide recommendations to mitigate/reduce the risk/errors
- Obtain management response from the service delivery teams for the issues identified
- Support service delivery teams in performing the root cause analysis and remediation actions
- Timely and accurate completion of the control testing
- Timely reporting to the leadership
- Services delivered on a contract with reduced number of errors and audit findings improving client satisfaction
- Potential process improvements and automations opportunities are highlighted
- Surface process & control issues and share observations/ suggestions with the deal management
- Support standardization, consistency and accuracy of metrics reporting
Consultant (Risk & Quality Team)
Pricewaterhouse Coopers Ltd
02.2012 - 09.2016
- Establishing internal audit functions for clients who do not currently have an internal audit function
- Developing strategic plans and supporting initiatives to transform an internal audit function
- Performing risk assessments and developing audit plans for clients who want to raise their level of performance
- Designing and supporting changes to internal audit structures, capability frameworks and talent models
- Developing metrics and balanced scorecards for new or existing clients
- Consulting on and supporting audit technology implementations to enhance the overall efficiency of the audit function and processes
- Developing, revising and adapting a client's internal audit methodology
- Developing training for internal audit functions to enhance the skills of their audit staff
- Co-development of internal audit's charter with management so that it is aligned to stakeholders' needs and expectations
- Client satisfaction surveys to assess the results of management satisfaction with the services provided by internal audit
- Communicate the results of the quality assurance program
- This may include reporting the value added by internal audit and our services
- Perform a risk assessment which involves management and the audit committee
- Identify potential process improvement opportunities
- Align the results of the risk assessment with the organization's business objectives and process improvement Opportunities
- Deliver a risk profile representing the risks at either the enterprise level, business unit level or business process level relative to other areas of the organization
- Utilize the risk assessment and potential process improvement opportunities as guidance for resource planning and efficient allocation of audit resources
- Regular review of Risk and Control Matrix
- Monitor and update the risk assessment periodically to target internal audit efforts
- Conduct planning meetings with client staff to understand the key objectives and risks of the system or process under review
- Conduct an initial team meeting to develop an effective approach to the audit and to promote a cohesive team
Process Developer-Accounts payable
Genpact
09.2010 - 02.2012
- Handling accounts payable work as a part of invoice processing team for Australian and Singapore countries
- Processing different types of invoice - Logistic, Utility, Rush, Raw Materials etc
- Vendor creation through SAP and Tally ERP
- Vendor Reconciliation
- Executed vendor reconciliation processes to ensure accuracy in financial records.
- E-mail communication both to the S2P and Client
- Facilitated email communication with S2P and clients
- Responsible for Query Tracker and query management
- And testing for duplicate entry in SAP
- Process Trainer for Purchase 2 Pay process
- Adept at handling entire spectrum of accounting functions including accounting transactions, while ensuring adherence to accounting standards
- Responsible for checking and ensuring that there were no errors or ambiguity in the documents collected and fed the client details into the client database
- Managed process-related inquiries and emergency calls; communicated process updates to the team
- Conducted verifications based on established norms and procedures to ensure accurate documentation.
Education
Master's - Business administration
MBA - Accounting And Finance
ICFAI
Dehradun2009
Skills
Operational risk management Corporate governance Internal audit Information security Financial risk assessment Control testing and qualityassurance Risk-based testing Enterprise risk management Process mapping and controls Quality risk management Risk assessment Control management Compliance monitoring Process improvement Stakeholder engagement Cross-functional collaboration Risk mitigation Root cause analysis Team leadership Training delivery Audit preparedness Leadership expertise
Accomplishments
- Individual Award for Outstanding Work in Control Management - Q3-2025- JP Morgan Chase
- Team Award- Q4-2025- JP Morgan Chase
- Champion Award, Wells Fargo
- Employee Spotlight Award, Wells Fargo
- Promotion to Assistant Vice President, Wells Fargo
- Star Award, PricewaterhouseCoopers SDC
- Engagement Excellence Award, PricewaterhouseCoopers SDC
- Spot Award Winner, Previous Organization
- Three Customer Awards, Previous Organization
Personal Information
- Father's Name: Ashok Kr. Bose
- Gender: Male
- Nationality: Indian
- Marital Status: Married
Timeline
Vice President
JPMorgan Chase
08.2023 - Current
Assistant Vice President
Wells Fargo
06.2020 - 08.2023
Internal Auditor
PayPal
07.2019 - 05.2020
Deputy Manager (Internal Audit and Corporate Governance)
Genpact
10.2017 - 05.2019
Risk and Compliance Analyst (Team Lead)
Accenture
09.2016 - 09.2017
Consultant (Risk & Quality Team)
Pricewaterhouse Coopers Ltd
02.2012 - 09.2016
Process Developer-Accounts payable
Genpact
09.2010 - 02.2012
Master's - Business administration
MBA - Accounting And Finance
ICFAI