Rushang Ved
Mumbai
Summary
Senior internal auditor specializing in compliance and risk management with over 8 years of experience in regulatory assurance and enterprise control assessments within global financial services. Proven track record of collaborating with senior leaders to enhance control environments, manage regulatory risks, and execute complex audit engagements across investment management and global markets. FRM-certified with strong skills in risk assessment, control testing, governance, and regulatory compliance.
Overview
9
9
years of professional experience
Work History
Director - Legal and Compliance
Morgan Stanley
Mumbai
05.2023 - Current
- Partnered with senior leaders across compliance, finance, operations, and risk to define audit scope and execute impactful reviews.
- Evaluated design adequacy and operating effectiveness of compliance controls through comprehensive testing and root-cause analysis.
- Led full audit reporting lifecycle from planning to final reporting, ensuring stakeholder consensus on ratings and corrective action plans.
- Influenced senior stakeholders by presenting complex regulatory findings and providing recommendations to enhance governance and operational resilience.
- Supervised and developed a team of auditors while enforcing quality assurance standards through detailed workpaper reviews.
- Drove collaboration among global stakeholders to deliver compliance reviews with consistency and timely execution.
- Spearheaded automation initiatives with Microsoft Copilot, reducing manual testing efforts by 30% and enhancing documentation quality.
- Designed AI-powered solutions that automated data analysis, improving efficiency and consistency in audit processes.
- Champion continuous improvement by modernizing audit methodologies, standardizing documentation
practices, and embedding AI-driven solutions into compliance testing processes.
Senior Consultant - Business Consulting
EY LLP
Mumbai
06.2020 - 04.2023
- Led regulatory control assessments and governance reviews for global markets division, supporting strategic transformation initiatives across front office functions.
- Executed end-to-end design effectiveness testing and SOX control assessments, identifying deficiencies and partnering with stakeholders for remediation.
- Conducted comprehensive process walkthroughs with teams to evaluate operational processes, assess risk exposure, and enhance governance frameworks.
- Produced business requirement documents, functional requirement documents, and process maps that facilitated successful execution of regulatory programs.
- Enhanced testing methodologies for manual and automated controls, improving risk identification and effectiveness of enterprise control frameworks.
- Reviewed policies and standard operating procedures to evaluate control design, identify gaps, and recommend enhancements aligned with regulations.
- Supported implementation of centralized front office control platform by documenting processes, mapping controls, and coordinating activities across functions.
- Collaborated with technology, risk compliance, and project management teams to standardize governance documentation and deliver strategic initiatives.
Assistant Manager - Market Risk
Lakshmi Vilas Bank
Mumbai
02.2019 - 06.2020
- Drafted treasury policy and established market risk limits in compliance with regulatory standards.
- Monitored counterparty limits, preparing reports for ALCO, RMBC, and senior committees.
- Developed capital charge statements for market risk and submitted liquidity coverage ratio reports per Basel III norms to RBI.
- Prepared and submitted MIS reports, regulatory documents, and board notes to senior management.
- Conducted value-at-risk analysis utilizing historical simulation, delta-normal, and variance-covariance methodologies.
- Performed stress testing, back-testing, and structural liquidity analysis to evaluate portfolio resilience.
- Monitored sensitivities such as VaR, modified duration, PV01, and Greeks for trading portfolios.
Analyst - Market Risk
Finrex Treasury Advisors LLP
Mumbai
02.2018 - 01.2019
- Valued and reviewed portfolios across Forex, Derivatives, Equity, and other treasury products.
- Advised clients on foreign currency exposure and hedging strategies using Forwards, Futures, and Options.
- Delivered portfolio advisory and hedging solutions tailored to client needs.
- Prepared Dollar Value-at-Risk (VaR) using Historical Simulation methodology.
- Established process manuals to monitor and control market risk measures, ensuring consistency and compliance.
Education
Sustainability and Climate Risk (SCR) -
Global Association of Risk Professionals (GARP)
New Jersey01-2022
Financial Risk Manager (FRM) -
Global Association of Risk Professionals (GARP)
New Jersey01-2021
Post Graduate Diploma in Management (PGDM - Finance) -
IES Management College & Research Center
Mumbai01-2018
Bachelor of Management Studies (BMS) -
SIES College
Navi Mumbai01-2015
Skills
- Internal audit and compliance
- Risk assessment and controls
- Control testing and governance
- Operational risk management
- Stakeholder engagement
- AI and Microsoft Copilot proficiency
- Team leadership
- Effective communication and relationship building
- Critical thinking
- Problem solving and attention to detail
- Adaptability and flexibility
- MS Office
Awards Recognition
- Awarded Best Individual Performer in LCDCoE department for outstanding contributions for two quarters
- Received two 'EY KUDOS' Awards over a three-year period for outstanding client delivery
- Awarded 'Star Performer of the Month' for three consecutive months
Timeline
Director - Legal and Compliance
Morgan Stanley
05.2023 - Current
Senior Consultant - Business Consulting
EY LLP
06.2020 - 04.2023
Assistant Manager - Market Risk
Lakshmi Vilas Bank
02.2019 - 06.2020
Analyst - Market Risk
Finrex Treasury Advisors LLP
02.2018 - 01.2019
Sustainability and Climate Risk (SCR) -
Global Association of Risk Professionals (GARP)
Financial Risk Manager (FRM) -
Global Association of Risk Professionals (GARP)
Post Graduate Diploma in Management (PGDM - Finance) -
IES Management College & Research Center
Bachelor of Management Studies (BMS) -
SIES College