Rishab Arora
Risk, Controls & Compliance
Kolkata
Summary
A professional coming with an extensive background spanning over 8 years, bring a wealth of expertise in Business Controls and IT Controls to the table. My proficiency encompasses key areas such as Procure-to-Pay (PTP), Record-to-Report (RTR), Order-to-Cash (OTC), Banking Controls, Financial Reporting, and Lease Accounting. In the realm of IT Controls, I specialize in Access Management, Change Management, and Computer Ops.
What sets my journey apart is my hands-on experience in navigating the complexities of international business. I had the privilege of working closely with clients in Amsterdam (Netherlands) and Warwick (UK), gaining invaluable insights into diverse business landscapes and contributing to the success of global operations. These international onsite experiences have not only broadened my professional horizons but have also equipped me with a nuanced understanding of cross-cultural dynamics and business intricacies. Beyond my technical capabilities, I pride myself on being a collaborative and results-driven professional. My international exposure has not only enhanced my technical acumen but has also fostered a keen appreciation for the importance of effective communication and relationship-building in achieving shared goals. As I look to the future, I am eager to leverage my diverse skill set and international experiences to contribute meaningfully to dynamic and forward-thinking organizations, making a positive impact on their global operations.
Overview
9
9
years of professional experience
Work History
Risk & Controls Analyst
Booking Holdings India (BHI)
06.2023 - 01.2024
- Conducted rigorous risk assessments to identify potential threats and vulnerabilities in IT systems
- Evaluated the potential impact of risks on the organization's operations, data, and systems. Additionally, documented and meticulously maintained comprehensive records of security testing procedures, findings, and remediation efforts
- Prepared detailed reports and effectively communicated findings to stakeholders, including management and IT teams
- Collaborated seamlessly with IT teams & developers to implement robust security controls at various stages of the development lifecycle and also demonstrates a commitment to continuous improvement by updating security testing processes to address evolving risks
- Assessed business processes to identify potential risks, working with stakeholders to understand & quantify the impact & likelihood of identified risks and designed testing procedures to assess the effectiveness of controls related to financial reporting, operational processes, and compliance with regulations
- Ensured that business operations complied with relevant laws, regulations, and industry standards. Monitor changes in regulations and updated control testing processes accordingly
- Conducted internal audits to assess the efficiency and effectiveness of business processes. Maintained detailed documentation of control testing procedures, findings, and recommendations
- Prepared comprehensive reports for management, highlighting areas of concern and improvement and also provide thorough training to business units on control testing processes and compliance requirements, fostering a culture of awareness and responsibility.
Deputy Manager
Vodafone India Services (VOIS)
05.2022 - 06.2023
- Collaborated with various departments, including finance, operations, and legal, to ensure a holistic approach to risk management and control testing
- Engaged with external auditors and regulators as necessary. Implemented measures to detect and prevent fraudulent activities within business processes
- Investigated and reported any suspected fraudulent activities and assessed compliance with financial regulations and controls
- Tested various financial documents and reports for accuracy and compliance
- Identified ongoing compliance issues, process weaknesses, and inefficiencies
- Responsible for participating in SOX planning and development
- Worked with the examination team and Business Units to ensure accurate and timely implementation of Remediation actions plans
- Provided leadership and specialist knowledge to examiners on Compliance matters to ensure a culture of compliance and Develop audit and testing methodologies, including interviews, observations, analytics, re-performance, walk-throughs, & attribute sampling
Financial Accounting Associate (Senior Analyst)
Wells fargo India
03.2021 - 05.2022
- Led and executed SOX audits, specifically focusing on Sarbanes-Oxley Act Section 302, assessing the adequacy of internal controls over financial reporting
- Applied expertise in risk management, internal controls, accounting methods, and financial report writing to ensure compliance with regulatory standards
- Developed and implemented comprehensive audit plans for control testing, ensuring a thorough evaluation of internal control frameworks. Prepared detailed process narratives, process flowcharts, and control checklists, laying the foundation for effective control testing
- Formulated test plans and validation trackers (lead sheets) for operative effectiveness testing, ensuring a systematic and structured approach. Validated action plans and conducted remediation testing in case of identified operational failures during testing processes
- Conducted periodic reviews and risk ranking for both recurring and non-recurring journal entries, ensuring accuracy and compliance
- Evaluated Standard Operating Procedures (SOPs) to identify process gaps, initiating improvements to enhance operational efficiency. Played a key role in mapping client requirements, contributing to the development, implementation, and transition of needs into streamlined business processes
- Determined training needs and conducted training programs for the team and channel partners, ensuring a knowledgeable and well-equipped workforce. Applied a multifaceted approach, including design testing, operating effectiveness testing, and remediation testing, to comprehensively assess internal controls
- Independently handled Process Owners calls, ensuring clear communication and understanding of engagements
- Consistently delivered work on time, meeting deadlines and exceeding expectations in line with assigned responsibilities.
Process Lead
Capgemini
12.2019 - 02.2021
- Demonstrated expertise in assessing compliance with financial regulations and controls, conducting operational audits using risk-based methodologies
- Proficient in performing walkthrough, evaluating control operator competency, and conducting Design Testing
- Adept at streamlining audit processes, identifying ongoing compliance issues, process weaknesses, and inefficiencies
- Known for adding new audit areas and establishing innovative approaches for audits
- Responsible for reviewing examiner work products, documenting observations, and generating comprehensive reports
- Successfully led and executed operational audits, ensuring adherence to compliance standards and identifying areas for improvement and established a culture of compliance by providing leadership and specialist knowledge to examiners
Associate 2
PWC SDC Kolkata
10.2017 - 10.2019
- Specialized in Design Testing, Operating Effectiveness Testing, and Remediation Testing and Independently managed client calls, ensuring effective communication and timely delivery of work
- Assessed compliance with financial regulations and controls, ensuring accuracy in financial documents and reports and identified compliance issues, process weaknesses, and inefficiencies and conducted operational audits using risk-based audit methodology
- Streamlined the audit process, introduced new audit areas, and established innovative approaches and prepared Audit plans for control testing and created process narratives, flow charts, and control checklists
- Conducted walkthrough interviews with process owners for Design Testing and prepared Test plans and validation trackers (Lead sheets) for operating effectiveness testing
- Reviewed and contributed to the development of corrective action plans and ensured sound conclusions were documented clearly and concisely in examiner work products
- Participated in SOX planning and development, ensuring accurate and timely implementation of Remediation action plans and provide leadership and specialist knowledge on Compliance matters, fostering a culture of compliance
- Prepared review reports, documented observations and identified and addressed compliance issues, process weaknesses, and inefficiencies, contributing to improved organizational processes
- Streamlined the audit process, added new audit areas, and introduced innovative approaches, enhancing overall audit effectiveness
Process Associate
Genpact India
03.2016 - 10.2017
- Coordinated and managed internal testing cycles for SOX compliance for the multi-location team
- Served as a subject matter expert on key internal controls, procedures, and workflows to multi-location team
- Updated flowcharts and control documentation and also maintains the status update for identified issues/findings across all audits/reviews and utilized Project Management Skills to manage tasks
- Involved in the corrective actions for noted issues by either facilitation of discussions or by being directly involved in the process
- Completed the testing sheet and work paper and input the testing results into the review program
- Reviewed work performed, findings, conclusions, suggesting PIO's & workpaper documentation for completeness and to ensure Firm testing standards are met
- Ensured assigned testing responsibilities are performed timely with a high level of quality workpaper documentation and reports
Trainee
Tata Consultancy Services
03.2015 - 02.2016
- Preparation of process narratives and process flow chart and control checklists
- Preparation of Test plan and validation trackers (Lead sheets) for operative effectiveness testing
- Validating action plans and performing remediation testing if any operation failures identified as part of testing
- Preparation of Test plan and validation trackers (Lead sheets) for operative effectiveness testing
- Assisting examiners in identifying and documenting gaps in processes to assist the Business Units with Departmental and compliance efforts
- Responsible for reviewing and assisting with the development of corrective action plans
- Responsible for participating in SOX planning and development
- Prepare review reports, document observations and test results, and work papers.
Skills
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Pedagogic Credentials
- Certified Information Systems Auditor (CISA), ISACA, 2023, Pursuing
- Certified Internal Auditor (CIA), IIA, 2023, Pursuing
- Graduation B.Com (H), University of Calcutta, 2011-2014, 49%
- Higher Secondary (XII), C.I.S.C.E., 2009-11, 73.25%
- SSC (X), C.I.C.S.E, 1998-09, 69%
Linguistic Abilities
- English
- Hindi
- Bengali
Personal Information
- Date of Birth: 25-Nov-1992
- Gender: Male
- Marital Status: Unmarried
Timeline
Risk & Controls Analyst
Booking Holdings India (BHI)
06.2023 - 01.2024
Deputy Manager
Vodafone India Services (VOIS)
05.2022 - 06.2023
Financial Accounting Associate (Senior Analyst)
Wells fargo India
03.2021 - 05.2022
Process Lead
Capgemini
12.2019 - 02.2021
Associate 2
PWC SDC Kolkata
10.2017 - 10.2019
Process Associate
Genpact India
03.2016 - 10.2017
Trainee
Tata Consultancy Services
03.2015 - 02.2016
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