Sivakumar Palanisamy
Coimbatore
Summary
I have Vigilance and Internal Audit Professional with 5 years of experience in the NBFC and banking industry, including 7 months as Assistant Manager – Vigilance at RBL FinServe Limited (a subsidiary of RBL Bank) and 4.3 years as Executive – Internal Auditor at Bharat Financial Inclusion Limited (a subsidiary of IndusInd Bank).
Experienced in conducting vigilance investigations, internal audits, fraud detection and prevention, operational risk assessment, regulatory compliance, and loan portfolio reviews across Affordable Housing Loans (AHL), MSME, Retail Lending, and Joint Liability Group (JLG) businesses. Skilled in identifying process gaps, investigating fraud indicators, evaluating internal controls, and ensuring adherence to RBI guidelines and organizational policies.
Proficient in field investigations, loan documentation review, customer and business verification, root cause analysis, audit reporting, and recommending corrective and preventive actions to strengthen governance and operational efficiency. A detail-oriented professional with strong analytical, communication, and stakeholder management skills, committed to maintaining the highest standards of integrity, compliance, and risk management.
Overview
3
3
Languages
3
3
years of post-secondary education
10
10
years of professional experience
Work History
Assistant manager vigilance
RBL FinServe Limited
Coimbatore
12.2025 - Current
- Conducted vigilance investigations and fraud risk assessments across Affordable Housing Loans (AHL), MSME Loans, Retail Lending, and Joint Liability Group (JLG) portfolios.
- Performed pre-disbursement and post-disbursement verification to identify policy deviations, document deficiencies, and potential fraud indicators.
- Investigated cases involving forged documents, identity fraud, multiple financing, income misrepresentation, and property-related irregularities.
- Carried out field investigations, customer visits, business verification, residence verification, and collateral verification to validate loan authenticity.
- Reviewed loan files for compliance with internal policies, RBI guidelines, and regulatory requirements.
- Coordinated with Business, Credit, Legal, Risk, Collections, and Audit teams to resolve vigilance observations and strengthen internal controls.
- Prepared detailed investigation reports, root cause analyses, and recommendations for disciplinary action and process improvements.
- Monitored high-risk loan accounts and supported fraud prevention initiatives through data analysis and early warning signal identification.
- Assisted in strengthening fraud control mechanisms by recommending preventive measures and improving operational processes.
- Supported management during internal audits, external audits, and regulatory inspections by providing investigation findings and compliance documentation.
Executive-Internal Auditor
Bharat Financial inclusion Limited
Coimbatore
09.2021 - 11.2025
- Conducted internal audits of Retail Loan and Joint Liability Group (JLG) portfolios to assess compliance with internal policies, credit guidelines, and regulatory requirements.
- Verified loan documentation, customer KYC, income proofs, eligibility assessment, and sanction conditions for accuracy and completeness.
- Reviewed end-to-end loan processes, including sourcing, appraisal, approval, disbursement, and post-disbursement monitoring.
- Evaluated branch adherence to operational controls, risk management frameworks, and Standard Operating Procedures (SOPs).
- Performed sample-based transaction testing to identify process deviations, control weaknesses, and operational risks.
- Audited JLG loan files to ensure compliance with group formation norms, customer eligibility, field verification, repayment capacity assessment, and documentation standards.
- Conducted branch audits, cash verification, document custody checks, and collateral/document security reviews.
- Identified audit observations, analyzed root causes, and recommended corrective and preventive actions to strengthen internal controls.
- Prepared comprehensive audit reports, discussed findings with branch and regional management, and tracked timely closure of audit observations.
- Coordinated with Operations, Credit, Risk, Compliance, and Business teams to improve process efficiency and mitigate operational and fraud risks.
- Supported regulatory, statutory, and internal audit reviews by providing documentation, evidence, and audit working papers.
Accounts Manager
Hotel Blue star
01.2017 - 01.2021
- Accounts Manager – 3-Star Hotel
- Managed day-to-day accounting operations, including Accounts Payable (AP), Accounts Receivable (AR), General Ledger, Cash, and Bank transactions.
- Prepared monthly financial statements, Profit & Loss Accounts, Balance Sheets, and MIS reports for management review.
- Controlled hotel revenue accounting, room revenue reconciliation, F&B revenue verification, and banquet billing.
- Monitored daily cash collections, bank deposits, petty cash, and cash flow to ensure financial accuracy.
- Conducted bank reconciliations and resolved accounting discrepancies in a timely manner.
- Managed vendor payments, customer receivables, and statutory deductions while maintaining strong financial controls.
- Prepared GST returns, TDS compliance, and coordinated with auditors during statutory and tax audits.
- Developed annual budgets, monitored operating expenses, and analyzed variances to improve profitability.
- Ensured compliance with accounting standards, internal control procedures, and company financial policies.
- Supervised and trained accounts staff, improving efficiency and accuracy in financial operations.
- Coordinated with Front Office, Housekeeping, Food & Beverage, and Purchase departments to ensure accurate financial reporting and inventory control.
- Supported month-end and year-end closing activities and maintained complete financial documentation for audit purposes.
Education
Government Arts College (Autonomous) - Bachelor of Business Administration
Government Higher Secondary School
08.2014 - 04.2017
Skills
- Vigilance Investigation
- Internal Audit & Operational Audit
- Fraud Detection & Prevention
- Fraud Risk Assessment
- Loan File Verification
- AHL (Affordable Housing Loan) Audit
- MSME Loan Verification
- JLG (Joint Liability Group) Audit
- Retail Loan Audit
- Field Investigation
- Regulatory Compliance (RBI Guidelines)
- Early Warning Signal (EWS) Identification
- Root Cause Analysis
- Risk Assessment & Internal Controls
- Investigation Report Writing
- Policy & SOP Compliance
- Process Improvement
- Loan Documentation Review
- Property & Collateral Verification
- Vendor & Business Verification
- Data Analysis & MIS Reporting
- Audit Planning & Execution
- Corrective and Preventive Action (CAPA)
- Stakeholder Management
- Cross-functional Coordination
- MS Excel (Advanced), Word & PowerPoint
- Analytical Thinking
- Problem Solving
- Communication
Accomplishments
- Developed and executed monthly financial strategies, leading to a 15% increase in revenue retention.
- Managed team members and improved departmental productivity.
- 3 Times became a Pan-India rank holder for overall performance during audit.
- Served as an NSS Leader.
- Participated in a national seminar on Environment Programming at Bharathiya University.
- Participated in a two-day entrepreneurship development programme at Govt. Arts College, Coimbatore.
Hobbies and Interests
- Travelling
- Playing cricket
- Listening to music
Languages
English
Proficient
C2
Tamil
Proficient
C2
Malayalam
Upper Intermediate
B2
Timeline
Assistant manager vigilance
RBL FinServe Limited
12.2025 - Current
Executive-Internal Auditor
Bharat Financial inclusion Limited
09.2021 - 11.2025
Accounts Manager
Hotel Blue star
01.2017 - 01.2021
Government Arts College (Autonomous) - Bachelor of Business Administration
Government Higher Secondary School
08.2014 - 04.2017