Satish H Patil
CISA
Ulwe
Summary
A Motivational leader who can easily work in and navigate a dynamic and sometimes Ambiguous environment committed to personnel development and with the ability to learn quickly and adapt to business need / priorities as needed.
Overview
14
14
years of professional experience
1
1
Certification
Work History
Assistant Manager
SBI Life insurance Co Ltd.
03.2017 - Current
- Internal Audit of various processes of Insurance (Operations, Sales, Finance, Investment (mid and front office), Group Operations)
- Branch Audits and review of internal control and compliance with the Internal policy as laid by the organization
- Focus on IT General controls (Change Management, Access Management, IT Operations)
- Review of internal control and compliance at Branches with the internal policy as laid by the organization and review of transactions processed with respect to adherence to the regulatory / internal requirements
- Review of the existing processes, identification of gaps and ensuring implementation of mitigating controls and necessary remediation for various department
- Discussion of audit observations with the stakeholders
- Drafting Audit Report and ensuring compliance with audit recommendations
- Study the scope of work for the audit and design the audit plan
- Understand the control objective and evaluate the design and operational effectiveness of the control
- Liaise with different process owners for testing various controls and escalate possible critical issues to the senior management of the department
- Identify control gaps as well as areas of potential improvement for key processes and procedures
- Support Concern department on the implementation of recommended actions identified in the audit Facilitate in the remediation of control gaps
- Review the internal audit reports to check for the control failure, if any
Deputy Manager
Kotak Life insurance Co.
04.2011 - 03.2017
- Conducting detailed risk assessments by analyzing documents, statistics, reports and Internal Data
- Proactively managing financial, regulatory and operational risks
- Advising management on the potential risks of a project
- Describing and estimating the risks affecting the business
- Classifying, evaluating, and monitoring the company’s risk
- Implement strategies to minimize the exposure to any risk
- Carrying out audits and assessments
- Conducting weekly project reviews of all active tasks
- Defining risk appetite
- Analyzing complex data from various sources
- Doing QC of the payment activity which is going to client after surrender/exit status
- Identify the risk area and ensure that risk are neither missed nor double counted
- Conducting the detailed assessment on daily, weekly and monthly basis in which cover all kind of risk involved in life insurance they include:-
- Underwriting process risk: - financial loss related to selection and approval of risk to be insured
- Pricing risk → e.g
- Financial loss due to insufficient premium charged for a risk undertaken
- Product design risk → e.g
- Exposure to events not anticipated in the design and pricing of the life insurance contracts
- Claims risk → e.g
- More than expected number of claims arising
- Systems risk → e.g
- Systems failures
- Suggesting ways to reduce likelihood of these risks arising or reducing their impact if they arise
- Assessing and regularly reporting the key risk measurement factors in the predetermined formats to the senior management
- Preparing and maintaining contingency plans and corrective measures, should the risk events take place
- Maintaining risk policies
- Analysis of all department process and find out the gap and mediate that gap in an organization level
- Conducting ad hoc audit as per the management requirement
- Handling the audit of IRDA and KPMG
Senior Research Executive
Euclid InfoTech Pvt ltd
09.2011 - 03.2011
- Searching online Companies who deal in Tenders and Projects worldwide
- Co-ordinate with Marketing Team
- Maintain the Daily Activity Report
- Operating Customer Management System
Education
Master of Financial Management - Part time MBA
Mumbai university
Bachelor of management studies - undefined
Mumbai university
HSC - undefined
Mumbai university
SSC - undefined
Mumbai university
CERTIFIED INFORMATION SECURITY AUDITOR (CISA) - IT AUDIT
ISACA INSTITUTE
07.2024
Skills
Knowledge of risk management principles and practices
Strong investigatory abilities
Superb overall IT skills
Understanding of current Risk management tools and techniques
Ability to communicate confidently with Senior Leadership
Experience of working in complex environment
Strong quantitative skills
Strong analytical skills
Strong communication skills
Ability to network and build strong relationships
Ability to challenge and influence Senior Managers
Agile methodology experience
Ability to articulate ideas
Ability to develop alternative recommendations
Ability to think through tasks
Good problem solving skills
Professional
Diplomatic
Cordial
Risk Evaluation
Project Management
Risk Assessment
Risk Indicators
Risk Reporting
Certification
CISA
Timeline
CISA
07-2024
Assistant Manager
SBI Life insurance Co Ltd.
03.2017 - Current
Senior Research Executive
Euclid InfoTech Pvt ltd
09.2011 - 03.2011
Deputy Manager
Kotak Life insurance Co.
04.2011 - 03.2017
Master of Financial Management - Part time MBA
Mumbai university
Bachelor of management studies - undefined
Mumbai university
HSC - undefined
Mumbai university
SSC - undefined
Mumbai university
CERTIFIED INFORMATION SECURITY AUDITOR (CISA) - IT AUDIT
ISACA INSTITUTE