Vikram Singh Rao
Udaipur
Summary
Dynamic professional with extensive experience at IDFC First Bank, excelling in KYC compliance and regulatory reporting. Proven track record in managing RBI inspections and implementing policy controls, enhancing operational efficiency. Strong communicator with a keen attention to detail, driving successful outcomes through collaboration and effective stakeholder management.
Overview
6
6
years of professional experience
Work History
Assistant Manager - Business Operational Risk
IDFC First Bank
Mumbai
03.2024 - Current
- Submitted multiple quarterly activities related to KYC compliance requirements from RBI and other regulatory bodies, ensuring timely adherence to internal and regulatory standards.
- Prepared and submitted various ad hoc reports as per RBI requirements.
- Strengthened system controls to significantly reduce instances of loan bookings below MCLR.
- Ensured compliance with safety regulations and company policies.
- Acted as a key SPOC for RBI inspections, coordinating data, responses, and stakeholder alignment, encompassing an understanding of regulatory requirements, identifying relevant stakeholders within Retail Assets, and coordinating with IT and the Business Intelligence Unit (BIU) for data extraction.
- Managing data validation in collaboration with the Business Intelligence Unit (BIU), Credit, Operations, Business, and other relevant stakeholders.
- Assisting stakeholders in understanding RBI requirements and managing queries received from RBI and other regulatory bodies.
- Collaborating with all internal stakeholders to ensure timely responses to RBI observations, and to facilitate the closure of the observations through preventive and corrective action plans.
- Responsible for the development of control checks to identify breaches and exceptions, ensuring their timely resolution.
- Coordinated implementation of RBI circulars across select retail asset products, in collaboration with compliance and product teams. By coordinating with Central Compliance, IT, and Product teams.
Articled Assistant
Vikas Chandak & Associate
Rajsamand
02.2022 - 07.2023
- Core team member - Ind AS adoption, cum error restatement for a group of private limited companies with a turnover of ₹ 250 crore. Independently drafted the report and reconciliation for the same company.
- Handled work regarding appeals, including dealing with clients, interpretation, research work, and drafting written submissions presented to the Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal, and got appeals in favor of the clients.
- Independently handled income tax returns for over 50 clients with an income of 100 crore.
- Prepared and filed 30+ TDS and TCS returns during the first year of articleship.
- Preparation of books of accounts and financial statements as per AS and Schedule III, including cash flows of corporate entities having turnovers in the range of ₹10-50 crores.
- Prepared and finalized the books of accounts and financial statements of various sole proprietorships and partnership entities having a turnover of up to ₹100 crores.
- Presentation on International Financial Reporting Standards (IFRS) to a team of eight members.
Articled Assistant
VCAN & Co.
Ahmedabad
07.2020 - 01.2022
- Presented key assumptions and methodologies to company shareholders.
- Identified control lapses in internal controls during quarterly reviews and recommended implemented changes.
- Led a team of 6 members for statutory audit of manufacturing entity with ₹ 200 crores turnover.
Education
CA Final -
ICAI
11.2023
Intermediate -
ICAI
07.2021
B.Com. -
Mohan Lal Sukhadia University
Udaipur01.2021
Foundation -
ICAI
11.2018
Class XII -
Modern Defense Snr. Sec School
Sirohi03.2018
Class X -
Modern Defense Snr. Sec School
Sirohi03.2016
Skills
- KYC compliance
- Regulatory reporting
- Data validation
- RBI regulation management
- Effective communication
- Attention to detail
- Retail operations
- Policy enforcement
- Time management
- Cost reduction
- Policy implementation
- Customer relationship management
Languages
- English
- Hindi
Volunteer Experience
Narayan Seva Sansthan Udaipur, committee member, 2017-2019, worked for orphan children's treatment, raised the highest ever donation (in Jodhpur) of 7 lacs+ in 3 months with a team of 12 members, and ensured proper disposal of funds
Extracurricular Activities
School head boy from 2015 to 2017, school head boy for three consecutive years Sirohi District U-19 Cricket team Captain, 2016 District level certificates, 6 District level certificates in writing competition.
Timeline
Assistant Manager - Business Operational Risk
IDFC First Bank
03.2024 - Current
Articled Assistant
Vikas Chandak & Associate
02.2022 - 07.2023
Articled Assistant
VCAN & Co.
07.2020 - 01.2022
CA Final -
ICAI
Intermediate -
ICAI
B.Com. -
Mohan Lal Sukhadia University
Foundation -
ICAI
Class XII -
Modern Defense Snr. Sec School
Class X -
Modern Defense Snr. Sec School