Sonal Malviya
Finance Governance & Risk Leader | Controls, Compliance & LOD Oversight
Pune,MH
Summary
Strategic Finance Governance leader with extensive experience in driving enterprise-wide compliance, risk management, and governance frameworks across complex finance organizations. Proven expertise in establishing centralized governance models, leading Issues & Incident Management, executing robust Risk Assessments, overseeing Change Management initiatives, and delivering insightful risk monitoring and regulatory reporting. Adept at partnering with senior stakeholders to strengthen control environments, enhance transparency, and ensure adherence to internal policies, regulatory standards, and best-practice governance principles.
Overview
10
10
years of professional experience
2
2
Certifications
Work History
Senior Consultant
PwC India
08.2024 - Current
- Led finance governance and risk assessments across multiple client engagements, evaluating control design and operating effectiveness in line with SOX, internal control, and enterprise risk frameworks.
- Executed and overseen SOX testing (ICFR) for complex finance processes, identifying control gaps, assessing deficiencies, and supporting timely remediation and management assurance.
- Managed issues and incident lifecycle, including root-cause analysis, action planning, remediation tracking, and escalation to senior client and engagement leadership.
- Supported centralized governance models by standardizing risk, control, and compliance approaches across finance functions for global and multi-entity clients.
- Performed change risk and governance assessments for finance process transformations, system implementations, and policy changes to ensure control continuity and regulatory compliance.
- Developed governance, risk, and compliance reporting, delivering clear MI, dashboards, and executive summaries highlighting risk exposure, control maturity, and remediation status.
- Partnered with senior stakeholders across Finance, Internal Audit, IT, and Compliance to strengthen control environments and embed sustainable governance practices.
- Conducted RCSA and control rationalization activities, improving risk coverage, reducing redundancies, and enhancing control efficiency and effectiveness.
- Ensured audit readiness and regulatory compliance, maintaining high documentation standards and supporting internal and external audit reviews with minimal findings.
- Mentored and reviewed work of junior team members, ensuring quality, consistency, and adherence to PwC risk, governance, and professional standards.
Team Lead
Citi Service India Pvt. Ltd.
10.2022 - 08.2024
- Operated within both 1st and 2nd Line of Defense models, supporting business-owned controls (1LoD) and independent risk oversight activities (2LoD) to strengthen end-to-end governance across finance processes.
- Performed control monitoring and compliance testing, assessing design and operating effectiveness of key financial and regulatory controls in line with Citi risk management standards.
- Led issue management activities, including issue identification, root-cause analysis, corrective action planning, remediation tracking, and timely closure in accordance with policy timelines.
- Partnered with business stakeholders and risk functions to challenge control gaps, enhance control ownership, and drive sustainable risk mitigation solutions.
- Supported enterprise risk and control assessments (RCSA), contributing to risk identification, inherent and residual risk ratings, and control effectiveness evaluations.
- Developed and maintained governance and risk reporting, providing clear MI on control performance, issue status, and compliance testing outcomes to senior management.
- Reviewed and validated remediation actions, ensuring issues were fully addressed, controls were sustainably embedded, and repeat findings were prevented.
- Aligned control monitoring activities with regulatory and internal policy requirements, supporting audit readiness and regulatory examinations with minimal observations.
- Supported change governance initiatives, assessing control impacts arising from process changes, system enhancements, and regulatory updates.
- Collaborated closely with Internal Audit, Compliance, and Risk teams, ensuring clear delineation of responsibilities between 1LoD and 2LoD and effective escalation of material risks.
Lead Process Analyst
TIAA GBS
03.2019 - 09.2022
- Strengthened finance governance frameworks by monitoring adherence to internal policies, risk standards, and regulatory requirements across core finance and reporting processes.
- Performed control monitoring and compliance testing, assessing design and operating effectiveness of key financial and operational controls to support risk assurance and management reporting.
- Led issue management activities, including issue identification, severity assessment, root-cause analysis, remediation planning, and closure validation in line with governance timelines.
- Supported enterprise risk assessments and RCSA activities, contributing to risk identification, control evaluation, and residual risk determination for finance-owned processes.
- Developed and delivered governance and risk reporting, providing actionable MI, dashboards, and summaries to senior stakeholders on control performance, issues, and risk trends.
- Partnered with Finance, Risk, Compliance, and Internal Audit teams, ensuring effective coordination across 1st and 2nd Line of Defense and alignment with enterprise governance expectations.
- Supported change governance initiatives, evaluating control impacts arising from process changes, system enhancements, and regulatory updates to ensure sustained control effectiveness.
- Enhanced audit and regulatory readiness, maintaining strong documentation standards and supporting internal and external reviews with timely responses and minimal observations.
Business Associate
Barclays global private ltd.
08.2018 - 03.2019
- Drove finance governance compliance by embedding Barclays control standards and risk policies across finance processes, ensuring consistent adherence to enterprise governance requirements.
- Led independent control monitoring and testing activities, validating control design and effectiveness and proactively identifying emerging risks and control weaknesses.
- Managed high-risk and regulatory issues, overseeing end-to-end issue lifecycle management including impact assessment, remediation planning, progress tracking, and senior management escalation.
- Delivered executive-level risk and governance reporting, providing clear insights on control health, risk trends, and issue status to support informed decision-making.
- Supported governance oversight for finance change initiatives, assessing control impacts of system upgrades, process re-engineering, and regulatory-driven changes.
- Collaborated with 1st and 2nd Line of Defense stakeholders, Internal Audit, and Compliance teams to strengthen control ownership, reduce repeat findings, and enhance overall risk posture.
Financial Analyst
eClerx Services
06.2016 - 08.2018
- Supported control monitoring and validation activities by performing detailed reviews of finance process documentation and transactional evidence.
- Assisted in compliance testing activities, checking adherence to defined policies, procedures, and control requirements across assigned processes.
- Identified and documented control gaps and process deviations, escalating observations to senior team members for further assessment and remediation.
- Maintained issue and observation logs, tracking status, evidence, and resolution progress in line with defined governance processes.
- Performed data analysis and reconciliations to support risk assessments, control reviews, and management reporting requirements.
- Prepared control testing work papers and documentation, ensuring accuracy, completeness, and audit-ready evidence standards.
- Supported senior analysts and managers during internal reviews, audits, and client deliverables by providing timely and reliable analysis.
- Followed established risk and governance procedures, gaining hands-on exposure to structured control frameworks and compliance methodologies.
- Contributed to process improvement initiatives by highlighting recurring issues, manual control weaknesses, and documentation gaps.
- Developed strong understanding of finance operations and control environments, building a solid foundation for progression into risk, governance, and compliance roles.
Education
MBA - Finance
GH Raisoni Institute of Management and Studies
Amravati, MH01.2016
BBA - Finance Management
Shri Brijlal Biyani Science College
Amravati, MH01.2014
Skills
Finance Governance Frameworks & Standards
Enterprise Risk Assessment & Mitigation
Issues & Incident Management (RCA & Remediation)
SOX Testing & Internal Control Compliance
Design and assurance of financial controls
Governance in change management
Regulatory Compliance & Policy Adherence
Risk Monitoring, MI & Governance Reporting
Centralized governance frameworks
Internal Audit, RCSA & Control Testing
Certification
Clear Clearing Settlement And Risk Management NCFM Module
Accomplishments
- Platinum Quarterly Award continuously two times in TIAA organization.
- Spot awards & recognition for highest quality & quantity consistency in eClerx organization.
- Gold award in CITI organization for conducting Process knowledge Carnival on a grand level.
Timeline
Senior Consultant
PwC India
08.2024 - Current
Team Lead
Citi Service India Pvt. Ltd.
10.2022 - 08.2024
Lead Process Analyst
TIAA GBS
03.2019 - 09.2022
Business Associate
Barclays global private ltd.
08.2018 - 03.2019
Financial Analyst
eClerx Services
06.2016 - 08.2018
BBA - Finance Management
Shri Brijlal Biyani Science College
MBA - Finance
GH Raisoni Institute of Management and Studies