Summary
Overview
Work History
Education
Skills
Timeline
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Sayantan Roy

Sayantan Roy

Thane

Summary

A qualified CA with over 21 years’ experience in Risk Based Internal Audit across various sectors like BFSI, manufacturing, media and consulting. Presently associated with HDFC Credila, largest private sector NBFC offering Education Loan, with AUM of INR 27,000 Cr as Head – Internal Audit.

Overview

14
14
years of professional experience

Work History

Head Internal Audit

HDFC Credila Financial Services
Mumbai
03.2022 - Current
  • Post joining had set up the in house Internal Audit Function currently with 8 team members
  • All the requirements specified in RBIA guidelines of RBI has been adhered to

VP - Internal Audit (Retail Asset)

Poonawalla Fin Corp Ltd*
Pune
11.2017 - 03.2022
  • Heading the Internal Audit Function of Retail Finance Business and conducting Branch & Process Reviews and Investigations. Reporting to Head of Internal Audit.
  • Played instrumental role in building in-house team of 9 resources and making successful transition from predominantly outsourced to completely in-house Internal Audit Function
  • Involved in preparation of IA Policy & Charter and IA Manual in line with RBI guidelines defining the framework for conducting and management of Internal Audit
  • Involved in preparation of IA IT IS Policy & Framework
  • Preparation of annual Internal Audit Plan based on risk management methodology as prescribed by RBI guidelines
  • Continuous monitoring by data analysis wrt key performance parameters and controls (e.g. RC pendency, RC with lien issues, unverified MR, business booked against blocked channel, long vacancy in key positions at branch / region, bucket composition, long pending trade advance to dealers, channel visit adherence, TAT adherence wrt loan processing, charge creation, file management)
  • Review of Branches selected based on risk assessment on key parameters like product mix, delinquency trend (EWI & CPMI), collection efficiency, repo efficiency, loan processing TAT. Testing physical controls is a key focus area of Branch reviews (like physical verification of collection, blank instruments at Branch, visit to repo yard) and visits are done on surprise basis
  • Process reviews cover all processes relating to lending business (Sourcing, Credit, Operations) & support functions (Customer Service, Compliance, HR, Accounts & Finance, IT) on an end-to-end basis
  • Conducting investigation more than 150 cases annually
  • Co-ordination with external audit firm for Branch and Process reviews and ensuring quality deliverables
  • Ensuring preparation of Risk Control Matrix, Audit Program and process flows for every assignment
  • Preparation of Internal Audit Agenda for Poonawalla Fin Corp and reporting key issues & investigation status to Executive Committee and Audit Committee
  • Tracking key process & regulatory changes and ensuring same are covered in IA reviews
  • Co-ordination with Operational and Fraud Risk Functions to understand Risks identified and ensure same are tested during IA review
  • Responsible for preparation and monitoring department Budget
  • Working with applications like LeadSquare, FinOne, Credit Engine, Oracle, BEAM Analytics and CRM
  • Rated as “Far Exceeded Expectation” in annual appraisal of FY 21 and promoted to Vice President

Deputy General Manager – Internal Audit (Corporate

Tata Motors Ltd
Mumbai
11.2010 - 11.2017
  • From 2010 to 2014, Heading Internal Audit for Uttaranchal Plant involving review of areas like Procurement, Supply Chain, Manufacturing, Quality, ERC, NPI, HR & Administration, CAPEX, Planning. Leading reviews across 6 locations from planning to finalising including discussion with senior management
  • From 2015, Heading the Commercial Function and Corporate services vertical at Mumbai and reporting to the Head Internal Audit. This vertical covers review of all commercial processes relating to sales & marketing and all Corporate functions like Finance, Secretarial, Legal and Human Resource.
  • Handling a team of 6 in-house resources and external audit firm (as required)
  • Heading the IA function of two subsidiaries
  • Involved in annual risk based audit planning for TML (India Operation) and allotted subsidiaries and finalisation of risk control matrix based Audit Program
  • Preparation of Internal Audit Agenda for TML (India Operations) and presenting key findings to Executive Committee and Audit Committee
  • Conducted reviews in UK for Jaguar Land Rover
  • Locational Ethics Councellor and conducting investigation for the same
  • Working with tools like SAP, CRM, BOB J Analytics and audit software like ARS
  • Awarded as the “Champion Leader of the Quarter” for exhibiting significant leadership skills such as ability to lead, guide and develop talent and manage team.
  • Rated as “Exceptional Contributor” in annual appraisal of FY 13-14 & FY 15-16.
  • Involved in Internal Audit Quality Assurance review.
  • Involved in ERM

Education

Chartered Accountant
ICAI
11-2001

Skills

  • Risk Based Internal Audit

Timeline

Head Internal Audit

HDFC Credila Financial Services
03.2022 - Current

VP - Internal Audit (Retail Asset)

Poonawalla Fin Corp Ltd*
11.2017 - 03.2022

Deputy General Manager – Internal Audit (Corporate

Tata Motors Ltd
11.2010 - 11.2017

Chartered Accountant

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Sayantan Roy