Varun Doshi
Hyderabad
Summary
Internal audit and regulatory reporting professional with 11 years of experience in Regulatory Reporting, Internal Controls, SOX and Risk Management across BFSI and Healthcare clients. Extensive project management exposure with focus on planning and executing projects via Agile methodology, perform budget to actual analysis, monitor financial metrics to achieve accountability and transparency. Change management professional with experience of working with UI/Tech teams from providing business requirements until implementation in production.
Overview
19
19
years of professional experience
Work History
Lead Analyst – Non Financial Regulatory Reporting
Bank of America
06.2020 - Current
- Prepare and review Data Dictionaries (DD) to establish traceability between regulatory guidance, business requirements and identify strategic sourcing of data via Authorized Data Source (ADS) for GBAM, Consumer/GWIM, Compliance FLUs
- Partner with upstream Inventory Management and Regulatory Interpretation teams on changes to regulatory requirements and ensure DDs reflect the latest business requirements
- Extensive stakeholder management during various phases of DD development lifecycle and also management reporting to NFRR leadership
- Responsible for onboarding and training of new team members and led a team of 7 Business Analysts including their training, quality review and providing periodic feedback
- Leading a major DD Digitization effort on moving from excel to web-based DD portal which involves providing requirements to UI and tech. teams and enabling people and process efficiencies
- Focused primarily on EMIR, MIFID PTT, State Information Tax Reporting, Escheatment, Compliance & Securities reports
Manager - Regulatory and Compliance Audit
Deloitte
03.2019 - 12.2019
- Led establishing a sustainable Non-Financial Regulatory Reporting (NFRR) process for Bank of America (BOA) using a data driven operating model to automate processes and reduce risk of manual errors in BOA’s current state procedures
- Led a team of 6 professionals to review and interpret complex regulations and policies to establish traceability between regulations, business reporting requirements and data elements for over 3000 NFRR reports submitted globally
- Developed functional data dictionary templates to capture business requirements based on regulations and highlighted gaps where reporting requirements does not align to bank’s current state reporting process
Manager – SOX Audit
Deloitte
07.2017 - 02.2019
- Identified risks and mapped to existing controls, documented narratives and flow charts and developed risk control matrix
- Developed test steps, control activities, request list and selected samples for interim and roll- forward testing
- Performed testing and quality review of key business process controls for various pharmaceutical and energy sector clients
- Performed test of design and test of operating effectiveness to identify control deficiencies and follow-up with management until gaps are remediated
- Collaborated with the client to assist external auditors by sharing control documentation/evidences, providing ShareFile access and archival of workpapers
Senior Consultant - Internal Audit
Deloitte
07.2013 - 06.2017
- Performed thorough review and investigation of one of the largest title insurance player Stewart Title’s escrow accounting and real estate settlement procedures in accordance with ALTA and CFPB guidelines
- Along with Analytics team, co-led the project development of risk model and web-based audit portal via Agile methodology to implement risk-based auditing. It involved complex data analysis, data visualization and data presentation skills and working with large cross-functional teams
- Applied Risk Management methodology to assess risk based on industry trends, employment and CRM data; evaluated and ranked risks based on impact and likelihood and prepare risk response to eliminate/mitigate risk
- Setup a Project Management - Center of Excellence for driving critical activities such as staff planning, budgeting, document management & tracking system, management & client reporting Tableau dashboards
Consultant – Internal Audit
Deloitte
07.2011 - 06.2013
- As part of Federal Foreclosure program, review JP Morgan Chase’s mortgage-related documents and loan files to assess financial harm to borrowers due to robo-signing and inefficiencies in bank’s mortgage- servicing operations. Assess whether the foreclosure, the fees and penalties charged to borrowers are in accordance with the state and federal law including SCRA and U.S. Bankruptcy Code
- Perform ‘Grants Acquittal’ audits of Aging, Disability and Home Care service providers to ensure compliance to the Acquittal Guidelines and Funding Agreement. Review general internal controls, perform cross footing and assess completeness of the acquittal audit report and provide recommendations in critical areas.
- Perform Global Audit Information Network benchmarking to assist Financial Services and Healthcare clients to benchmark their internal audit practice with its peers in the same industry.
- Performed external Quality Assessment Review (QAR) for various clients such as Mondelez, Micron, Indivior to assess their internal audit practices against the IIA Standards
Software Engineer
HSBC Global Technology
08.2006 - 09.2008
- Develop COBOL programming code to support HSBC application HSBCNet Payment Systems
- Prepare technical design documentation for enhancements or modifications based on client requirements
- Designed, developed, tested and deployed COBOL programs in production environment in accordance with SDLC life cycle using the Waterfall methodology
- Establish the process to track incidents based on severity and urgency using HSBC’s proprietary tool Global Support Management System (GSMS)
Education
CFE – Certified Fraud Examiner -
01.2019
PMP – Project Management Professional -
01.2017
CFA – Chartered Financial Analyst - Level 1
01.2012
Master of Business Administration -
Sydenham Institute of Management Studies
India01.2011
Bachelor of Engineering - Electronics
Vivekanand College of Engineering
India01.2006
Skills
- Internal Controls & SOX
- Risk Assessment and Evaluation
- Agile Internal Audit Methodology
- People and Client Management
- Onboarding and Coaching
- Management Reporting
- Extensive SharePoint and Excel Usage
- Data Visualization and Presentation
Client Portfolio
- Regulatory and Operational Audit, Bank of America, JP Morgan Chase
- Internal Audit and Risk Management, Stewart Title Insurance
- SOX Readiness and Compliance Audit, Invesco Mortgage Capital, Biohaven, Allergan, Cactus Wellhead
Timeline
Lead Analyst – Non Financial Regulatory Reporting
Bank of America
06.2020 - Current
Manager - Regulatory and Compliance Audit
Deloitte
03.2019 - 12.2019
Manager – SOX Audit
Deloitte
07.2017 - 02.2019
Senior Consultant - Internal Audit
Deloitte
07.2013 - 06.2017
Consultant – Internal Audit
Deloitte
07.2011 - 06.2013
Software Engineer
HSBC Global Technology
08.2006 - 09.2008
CFE – Certified Fraud Examiner -
PMP – Project Management Professional -
CFA – Chartered Financial Analyst - Level 1
Master of Business Administration -
Sydenham Institute of Management Studies
Bachelor of Engineering - Electronics
Vivekanand College of Engineering