Rutika Shah
Mumbai
Summary
Seeking a challenging position in the field of auditing, I strive for excellence with a positive attitude and effective communication, which will not only enable optimum utilization of my skills for achieving organizational goals, but also provide personal growth opportunities, because I believe that still is stale.
Overview
13
13
years of professional experience
Work History
Associate Vice President
HDFC Bank
09.2025 - Current
- Team leader- Staff Personal and Housing Loan audit – Review of regulatory requirements for Staff loans and Bank Policy.
- Review of entitlements viz a viz disbursements.
- Detailed review of system logic built and sustenance testing of the controls envisaged in the policy.
- Process review for gaps and suggestions for enhanced controls and automation.
- Currently working with HDFC bank, largest private sector lenders in India in the Internal Audit department.
Executive
B.S. Verdia & Associates
12.2016 - 09.2017
- Internal Audit of Reliance Telecom Limited – Mumbai Circle.
Associate Vice President
Kotak Mahindra Bank
09.2017 - 08.2017
- Team Supervisor- Government Business audit – Review of Government scheme mandates with bank in line with process and policies.
- Detailed review of Product team activities and Operational activities in line with RBI guidelines.
- Products covered were PFMS, NHAI, ESIC, EPFO, NTRP, State taxes, etc.
- Business loan department review- Operational review along with Product and policies of Business loan granted.
- Review of system logic for loan through net banking channels.
- Digital payments audit- Reviewed payment aggregator agreements, transaction processing, policies and RBI regulation related to the accounts.
- Review of commission rates charged as per the MCC code and in line with agreement.
- SWIFT Review- Conducting extensive process and operational audit of Swift system for the whole bank along with user access, system, manual swifts and compliance to various RBI guidelines for the same.
- Cash Management Services –Collection Products Ensuring compliance with regulatory guidelines, review of risks and controls in place and processes followed for IPO, Direct- Indirect taxes, cash and cheque pick ups and vendor billings.
- Master setup in system for all CMS products - operational and framework review.
- Nodal Accounts review:- Review of onboarding, system setup, transactions, beneficiary/ merchant additions for Nodal accounts.
- Review of regulatory compliance and quarterly certificate to be issue to RBI.
- Cash Management Services- Master setup for all customers (NetIT) review: Review compliance and completeness to internal policies and processes.
- Comment on existence and effectiveness of internal controls for transaction processing.
- Identify opportunities for control improvements via RCSA.
- I was associated with Kotak Mahindra Bank, one of the top private sector lenders in India in the Internal Audit Department for 8 years.
Articled Assistant
Devdhar, Joglekar and Srinivasan Chartered Accountants
08.2012 - 10.2015
- Prepared Monthly Treasury Audit for DBS Bank, UCO Bank, Saraswat Co-operative Bank, etc.
- Handled Regulatory Returns Audit for Arab Bangladesh Bank and DBS Bank.
- Trade Finance audit at DBS Bank.
- Branch audit for DCB Bank.
- Stock Audit of 'Waman Hari Pethe & Sons' branch at Pune.
- Debit card, Credit card and ATM Audit, Special KYC audit at Ratnakar Bank ltd.
Education
Professional Qualifications
Skills
- Microsoft Office
- MS Excel
- MS Word
- MS PowerPoint
- IDEA (Initial training)
- Power BI (initial training)
Languages
- Hindi
- Gujarati
- Marathi
- English
Personal Information
- Date of birth: 13 November 1993
- Marital status: married
Extracurricular Activities
Associated with Shrimad Rajchandra Mission Dharampur, which has been the highest fund-raising NGO for the past seven years at the Mumbai Marathon for its social causes Honorary services as teacher in Shrimad Rajchandra Divinetouch, providing value-based education to kids and teenagers.
Personal Qualities
- Result oriented and work well under pressure.
- Congenial & proactive interpersonal relationship with peers, Subbordinates & Seniors.
- Good communication and collaboration skills.
- Approachable with an optimistic attitude.
Timeline
Associate Vice President
HDFC Bank
09.2025 - Current
Associate Vice President
Kotak Mahindra Bank
09.2017 - 08.2017
Executive
B.S. Verdia & Associates
12.2016 - 09.2017
Articled Assistant
Devdhar, Joglekar and Srinivasan Chartered Accountants
08.2012 - 10.2015
Professional Qualifications