sambandamurthy v
Internal Auditor -Risk specialist
KARNATAKA, BANGALORE,Karnataka
Summary
Highly motivated and experienced internal auditor with a proven track record of success in leading and directing various types of audits, including financial audits, internal departmental audits, branch & IT audits, and mock audits, Risk Based Internal audit, in compliance with the latest RBIA guidelines.
Also experienced in Collections and Recovery, Legal Operations, Risk & Compliance, Credit Risk Control, Enterprise Risk Management, Banking Commercial Operations,Finance & Accounts, Training & Development and People Management with proven track record of delivering consistent business results through adept leadership and application of sound management practice .
Encouraging manager and analytical problem-solver with talents for team building, leading and motivating, as well as excellent customer relations aptitude and relationship-building skills. Proficient in using independent decision-making skills and sound judgment to positively impact company success. Dedicated to applying training, monitoring and morale-building abilities to enhance employee engagement and boost performance.
Independent thinker and team player with the proven ability to identify deficiencies and derive innovative strategies and cost-effective solutions that enhance business operations. Strong analytical and problem-solving skills, with a demonstrated ability to identify and resolve complex issues. Excellent communication and presentation skills, with a proven ability to effectively communicate audit findings and recommendations to management and stakeholders.
Overview
32
32
years of professional experience
3
3
Certification
Work History
SENIOR GENERAL MANAGER
FINCARE SMALL FINANCE BANK
Bangalore, Karnataka
08.2014 - Current
- Now post pandemic, i handle collection strategy, retail collection, recovery, legal followup- Sarfaesi and 138, Death claims, Statutory reporting, Process updates, Product support.
- Since 2014 till pandemic i was the Head of Internal audit and the functions are listed below.
- Key contributor in building internal audit function by defining strategic direction, framework, and policies while raising awareness of role and developing partnerships with senior executives, which ensured robust audit questionnaires and quality sales leads and closures. Supported assisted and delivered a complete Knock down automated audit app for visit less audit during pandemic.
- Design and execute organization’s internal controls program by enhancing effectiveness of financial and operational business processes to improve Company’s risk management and governance processes, which was appreciated by audit committee and other board members.
- Present quarterly presentations to the Audit Committee on key topics including results of internal audit & risk management projects, including the ERM program.
- Responsible for developing and implementing ERM program using Integrated Framework principles and concepts, with help of Professional audit firm incorporated recommendation of IndAS and IFRS9 relevant to banking sector, and most prominent areas are Expected Credit Loss Provisioning, Financial instruments disclosures, Fair value Measurements- De-recognition of Financial Instruments , Insurance contracts, Consolidated Financial Statements, Revenue from contracts with customers, Revenue Recognition, Impairment of Assets etc.,
- Collaborate with executive and senior management personnel to develop effective strategies to mitigate impact and likelihood of risks identified within ERM program, which helped us save about, 5 crores by timely identification of fraud in Gold Loan.
- Monitor, track and assess mitigation strategies and key performance indicators of risks identified within ERM program to determine changes in risk ratings through GRC automation.
- Spearheaded change management efforts during organizational restructuring, and BCP during post pandemic scenario, thereby minimizing disruption to operations while successfully integrating new processes and systems into daily workflows
- Ensured compliance with industry regulations and company policies by implementing stringent risk management protocols and regularly auditing internal processes
- Established a culture of continuous improvement by promoting employee engagement initiatives and cultivating open lines of communication across all levels of the organization
- Mentored and developed high-performing teams- 145 field staff and 9 managers, through effective coaching, feedback, and performance management
- Controlled and enforced standard operating procedures, security, and compliance with laws and system management
- Demonstrated a high level of initiative and creativity while tackling difficult tasks.
- Proven ability to learn quickly and adapt to new situations.
- Paid attention to detail while completing assignments.
Management Audit Team Member
Reliance Communications Limited
Chennai, Tamilnadu
06.2002 - 08.2014
- Started as commercial head of Trichy and then moved to Chennai as a member of Management Audit team and later promoted to handle south India, and in last 2 years, had taken up Money reconciliation and CMS operations of all retailers for South India operations.
- Developed and execute audit plan including financial audits in accordance with IndAS standards.
- Supervised audit and co-sourced staff including recommending engagement goals and targets.
- Developed reports for management from impactful audits that highlight key business risks and results to strengthen control environment.
- Handled Commercial Operations, Vendor support and Collections
- Incharge of CMS operations and Money reconciliation for South India and also managed credit and collections for a span of 4 years in my cluster.
- Enhanced team efficiency by streamlining communication and implementing effective collaboration tools
- Boosted overall productivity by identifying areas for improvement and developing targeted strategies.
Accounts Manager
Sembcorp Logistics
Chennai
03.1999 - 05.2002
- Handled Taxation, Preparing and filing returns and coordinated with auditors for Tax audit.
- Managed Assets, accounting of Assets and Preparation and Presentation of Assets data as per block of assets format both under Income tax and Companies act duly incorporating relevant Depreciation rates and schedule for considering Depreciation.
- Extensive communication with senior management of Corporate, and executive subsidiary management including communicating internal control best practices to Finance Director of each business unit.
- Recommended ideas for strengthening controls, improving operations, and reducing costs of finance and shared services departments through both presentations and written observations.
Skills
- Risk-based Internal Audit
- Business Process and Internal Controls
- Policies and procedures implementation
- Risk Mitigation
- Whistle-blower investigations
- Analytical Thinking
- Data Analysis
- Regulatory Compliance
- Self Motivation
- Active Listening
- Collaborative
- Operations management
- Sustainability initiatives
- Operations oversight
- Strategic partnerships
- Cost reduction
- Organizational development
- Workforce planning
- Cross-functional team leadership
- Operational efficiency
- Process improvements
- Regulatory compliance
- Teamwork and collaboration
- abilities
- Problem-solving abilities
- Excellent communication
- Self motivation
- Decision-making
- Active listening
- Effective leader
- Professionalism
- Analytical thinking
- Financial analysis
- Analytical skills
- Risk management
- Performance management
Accomplishments
- Risk-based Internal Audit.- Audit Automation
- Business Process and Internal Controls.-Comprehensive checklist
- Team Building, Project Leadership.
- Risk mitigation.- Risk Registers
- Whistleblower investigations.- Investigative audit
- Report and Presentation Preparation
- Regulatory Compliance
- Stakeholder Communication
Certification
Education -Under Graduation Degree
- Bachelor of Law- BL from Dr.Ambedkar Law college, chennai in 1992.
- B.Com., in Bachelor of Commerce, RKM Vivekananda College, University of Madras Chennai, 1986
CERTIFICATIONS
- CA finalist- Passed Group 1 in 1995
- ICWAI finalist - Passed Intermediate in 1992
- Certification in Fintech and Block chain-SP Jain Institute of Management & Research (SPJIMR) Jan '23.
- Certification in Applied Financial Risk Management -IIM KASHIPUR.
- ITIL4 Foundation by Axelos in 2020 through KPMG, for implementation of IT Experience.
- Pursuing Micro Masters in Management from IIM B.
- Pursuing CISA Certification.
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