Gayathri B Panicker
Dubai
Summary
Experienced Internal Auditor with a strong background in conducting internal audits and facilitating AML compliance audits for various financial institutions in the UAE, including exchange houses and insurance companies. Throughout my career, I consistently prioritize adherence to established policies, procedures, and regulatory standards while proactively identifying opportunities for process improvement. Expertise extends to risk assessment, internal controls, regulatory compliance, and financial management, enabling effective contribution to organizational success.
Overview
3
3
years of professional experience
Work History
Senior Internal Auditor
MedGulf Insurance
2024.01 - Current
- Minimized fraud risks by implementing comprehensive fraud detection strategies and conducting detailed investigations as needed.
- Conducted quarterly internal audits across multiple departments, including HR, Compliance, Corporate Governance, Risk Management, Finance, Broker Relations Management, Medical Underwriting, Policy Administration, IT, Reinsurance, and Medical Claims.
- Performed Internal Controls over Financial Reporting (ICFR) assessments to ensure compliance with regulatory standards.
- Enhanced operational efficiency through the development and implementation of risk-based audit plans.
- Evaluated the effectiveness of IT controls, recommending enhancements where necessary to safeguard against potential cybersecurity threats.
- Strengthened financial reporting accuracy by examining accounting records, verifying transactions, and reconciling discrepancies.
- Ensured compliance with regulatory requirements and company policies through meticulous audits and effective communication with management.
- Provided ongoing support to management by offering guidance on internal control design and ensuring timely resolution of audit findings.
- Documented recommendations to improve internal controls.
- Explained risk and compliance concepts to managers and executives.
- Reviewed financial statements for adherence to International Financial Reporting Standards (IFRS) and corporate regulations.
Internal Audit Consultant
AJMS Global Consulting
2022.01 - 2023.12
- Conducted quarterly internal audits across multiple departments at various exchanges to guarantee strict adherence to established policies, procedures, and regulatory frameworks.
- Assisted in overseeing Anti-Money Laundering (AML) compliance audits for exchange houses and Insurance Companies throughout the UAE, systematically evaluating the effectiveness of their AML controls and pinpointing areas for enhancement.
- Took a pivotal role in crafting the Risk Register as part of an enterprise-wide risk assessment for exchange businesses, proactively identifying and assessing potential risks and proposing well-founded mitigation strategies.
- Collaborated with cross-functional teams to ensure accurate financial reporting and compliance with regulations.
- Managed multiple audit engagements simultaneously while maintaining strict adherence to timelines and budgets.
- Formulated Test of Controls for internal audit procedures,meticulously ensuring the efficiency and effectiveness of internal controls and processes. Conducted on-site file reviews, meticulously examining documentation and records for accuracy, completeness, and compliance with regulatory requisites.
- Conducted Gap Analysis to assess compliance with storedvalue facilities (SVF), Retail Payment Services (RPS), and other regulatory requirements and best practices.
- Actively participated in the thorough evaluation of risk management, internal control, and governance proceduresto confirm the presence of robust risk mitigation measuresand governance practices.
- Conducted meticulous Gap Assessments of company policies vis-à-vis regulatory standards, diligently identifying gaps and recommending requisite policy revisions or enhancements.
Account Assistant (Online Internship)
Noor Accounting Services
2021.09 - 2021.11
- Verified billed items against received items, compiled reports for management, drafted financial presentations, assisted in tax returns preparation, prepared bank deposits, maintained bookkeeping processes, entered transactions into databases, reviewed customer invoices, and maintained purchase and sales ledgers.
Education
Professional Qualification - ACCA
Association of Certified Chartered Accountants
United KingdomBA (Hons) - International Business And Finance
University of West of Scotland
Skills
- Internal Audit
- IFRS
- Internal Controls
- Due Diligence
- Enterprise Risk Management
- AML/Compliance
- Report Writing
- Communication
- Business acumen
- Control testing
- Audit Planning
- Regulatory Reporting
Languages
English
Malayalam
Hindi
Achievementsandtraining
- Continued Professional Development (CPD) for ACCA - Robotics in Finance: the Future
- Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Training
Personal Information
- Date of Birth: 04/30/99
- Nationality: India
- Visa Status: Employment Visa with one Month Notice period
Timeline
Senior Internal Auditor
MedGulf Insurance
2024.01 - Current
Internal Audit Consultant
AJMS Global Consulting
2022.01 - 2023.12
Account Assistant (Online Internship)
Noor Accounting Services
2021.09 - 2021.11
Professional Qualification - ACCA
Association of Certified Chartered Accountants
BA (Hons) - International Business And Finance
University of West of Scotland