RAVI BIJOTRA
Bangalore
Summary
Over 16+ years of experience in design, development and implementation of internal audit, risk management, internal controls and compliance frameworks, systems,
methodologies, assessments across Banking, Insurance and non-financial sector. Nominated in the Top 3 Finalist for 8th MENA Insurance Industry Awards 2021 MENA Insurance Review.
Effective daily interaction with the Senior leadership i.e. CEO's, CFO's and working relationship with the Board, regulators, auditors and external stakeholders. Driving organisation goals and accelerating change through effective implementation framework and delivering
cultural change in the business.
Held Supervisory roles as MLRO and Risk Officer.Industry trainer on ERM and Internal Controls. Successful track record of providing value adding advisory support and regulatory engagement across European, Gulf and Asian markets.
Overview
16
16
years of professional experience
1
1
Certification
Work History
ERM and Internal Audit Assurance Senior Manager
Nedbank Private Wealth
Bangalore
08.2021 - Current
- Successfully oversee and advise on enhancement of ERM Framework for bank including carrying out ERM Maturity Assessment
- Developing Road map for ERM Framework delivery
- SPOC on Internal Audit, ensuring alignment of Internal Audit framework of Group and develop Internal Audit Plan
- Preparation of Audit Methodology and Audit Templates for field-work
- Developed Conduct Risk, Operational Risk and Control Management Framework
- Delivery of ESG Product risk assessment, Climate risk and Operational Resilience Framework
- Responsible for facilitation of recovery planning exercise and playbook.
Head of Compliance/MLRO
Wehbe Insurance Services LLC
Dubai
02.2021 - 07.2021
- Held regulatory role of MLRO and Internal Controller
- Developed Compliance Framework, Compliance Policies and Compliance Assurance Plan
- Performed Rules Mapping for IT Regulations, Health Regulations and Brokerage regulation in UAE and developed respective policies
- Responsible for implementing AML regulations, Due Diligence and enhanced Due-Diligence including SAR/STR reporting to Regulators
- Providing AML, Risk Management and compliance training to staff.
Head of Enterprise Risk Management/Interim CRO
Friends Provident (An Aviva Group)
Dubai
07.2016 - 10.2020
- Reporting administratively to local CEO and direct to Group CRO in Isle of Man and Matrix to parent Group CRO.
- Interim CRO and chairing risk committees on behalf of chief risk officer and providing guidance on emerging risk profile to senior management.
- Held Regulatory position of Risk Officer for regulatory position.
- Working with CEO and Executive team to explore, create, direct, manage and achieve agreed business objectives, including driving revenue and profit growth.
- Leading and directing Control documentation, including review and testing of Internal Control over Financial Reporting
- Reviewing product propositions, investment etc.
- Assisting in development and formulation of risk information pack including drafting of CRO report for Board & Management Risk Committee on a periodic basis.
- Responsibility of review of strategic alignment to risk strategy and risk appetite recommendation to Board to strengthen approach to enterprise risk management including integration of financial risk into resiliency strategy.
- Accountable for developing fit for purpose risk and control management framework for business across various jurisdictions and embed Top Down and Bottom-up approach to risk management including oversight of RCSA, Control testing outcomes.
- Facilitate periodic internal assessment of operational risk capital and production of Own Risk Solvency Assessment (ORSA).
- Development and Documentation fo financial risk management and governance framework including Delegation of Authority framework, policies, procedures etc.
- Maintaining effective stakeholder relationships, providing industry feedback into regulator consultation papers and be lead interface with regulators across markets.
- Oversee IT risk & control management, including assurance oversight on third party IT service provider and project risk assessments.
- Support business in Due Diligence transaction towards warranties and disclosure.
- Perform Internal audit assignment based on Internal Audit Plan.
Risk Manager
Royal and Sun Alliance Insurance
Dubai
01.2014 - 07.2016
- Reporting to the UK CRO and administratively to the local CFO and act as key interface with regulators.
- Direct reporting to CEO on Thematic review, fraud investigations and advocate regulatory correspondence.
- Ensuring design and implementation of robust risk management system effective review of risk assessment (risk identification, risk analysis, risk evaluation and risk treatment) and recommend risk mitigation strategies to business.
- Review internal control over financial reporting including key controls. Coordinating with internal and external auditor on internal control related activities.
- Oversee, review and design of control testing by first line and drafting of CRO reports.
- Provide second line challenge through committee such as Case reserving, Reserving committee, Credit risk committee, underwriting and pricing committee & operational risk committee.
- Representation at industry conferences and proactive engagement including presentation to local regulators.
- Develop BCM strategy, BC Plans, Training and oversee periodic testing.
- Oversee risk management processes in business including review of preparation and review of Delegation of Authorities.
- Develop internal risk & compliance review programme. Performed assurance review of internal control effectiveness for branches, Third Party Administrators and Distributors.
- Oversee third party onboarding and due diligence e.g. outsourcing claims process to TPA or IT services management.
- Provide training to the internal stakeholders on Risk Management framework and processes.
- Encouraged stakeholders to approach assessments analytically and offer unique insights to bring new understanding to risk management programs
Senior Associate
KPMG
Manama
05.2011 - 11.2013
- Business development and responding to RFP including preparation of presentation.
- Lead audit planning, execution (audit program and fieldwork), and finalisation of audit including development of risk based audit plan for non-financial clients especially retail and automotive.
- Development of governance policies and charter for Internal audit and Risk Management team of Financial and Non-financial Clients.
- Lead Forensic investigations for Telecommunication and Manufacturing Sector.
- Carry out gap assessment of ISO 31000 and COSO framework, regulatory and governance requirement implementation for clients.
- Enhancing internal audit processes through periodically reviewing Internal audit methodology and contributing to internal audit effectiveness.
- Providing value adding recommendations including cost effective strategies and areas for minimising operational losses and financial accounting and financial planning areas.
- Improved customer satisfaction by quickly and effectively addressing inquiries and complaints
Assistant Manager
PricewaterhouseCoopers
Kolkata
09.2007 - 05.2011
- Providing value adding recommendations including cost effective strategies and areas for minimising operational losses and financial accounting and financial planning areas.
- Prepare/review lead schedules, cashflow statement and assist in analytical report with help of trial balance and general ledger and highlight discrepancies for small clients.
- Lead audit planning, execution (audit program and fieldwork), and finalisation of audit including development of risk based audit plan for non-financial clients especially retail and automotive.
- Development of governance policies and charter for Internal audit and Risk Management team of Financial and Non-financial Clients.
Education
CPA - Accounting And Finance
CPA Australia
India12.2020
CIA - Internal Auditing
Institute of Internal Auditor
India 09.2020
Company Secretary - Accounting And Companies Law
Institute of Company Secretaries of India
Kolkata 09.2007
B.Com (Hons) - Accounting And Finance
St.Xaviers College
Kolkata 08.2006
Skills
- Enterprise risk management
- Internal Auditing and consulting
- Internal Control Over Financial Reporting
- ORSA, ICAAP, ILAAP, SOX, COSO, ISO31000
- Risk Assessment and Validation
- Credit Risk Management
- Operational Risk Management
- AML & Sanctions
- Operational Resilience
- Forensic Investigation, Business Development
- Project & Team management
- Financial Planning & Analysis Budgeting & Resource planning
- Industry Training & Presentations
Accomplishments
- Held Supervisory roles as MLRO and Risk Officer.Industry trainer on ERM and Internal Controls.
- Nominated in the Top 3 Finalist for 8th MENA Insurance Industry Awards 2021 MENA Insurance Review.
- Involved in brining cultural change to organisation.
- Recognised Industry trainer on enterprise risk management.
Additional Information
- Nominated in Top3 Finalist for MENA Insurance Review Industry Award - 2021
- Friends Provident Oscar Award - 2018
- KPMG Bravo Award - 2012
Certification
Other Certification
- ORM Certified - PRMIA USA
- CBA Certified - CIMA UK
- CFC Certified - The IFC Canada
- Others ICAAP, ERM and CFAP
- Workshop Certification
- Climate Risk TCFD Certification
- Pursuing CISSP
https://www.linkedin.com/in/ravibijotra/
Languages
English
Advanced (C1)
Hindi
Advanced (C1)
Punjabi
Elementary (A2)
Bengali
Elementary (A2)
Timeline
ERM and Internal Audit Assurance Senior Manager
Nedbank Private Wealth
08.2021 - Current
Head of Compliance/MLRO
Wehbe Insurance Services LLC
02.2021 - 07.2021
Head of Enterprise Risk Management/Interim CRO
Friends Provident (An Aviva Group)
07.2016 - 10.2020
Risk Manager
Royal and Sun Alliance Insurance
01.2014 - 07.2016
Senior Associate
KPMG
05.2011 - 11.2013
Assistant Manager
PricewaterhouseCoopers
09.2007 - 05.2011
CPA - Accounting And Finance
CPA Australia
CIA - Internal Auditing
Institute of Internal Auditor
Company Secretary - Accounting And Companies Law
Institute of Company Secretaries of India
B.Com (Hons) - Accounting And Finance
St.Xaviers College
Other Certification
- ORM Certified - PRMIA USA
- CBA Certified - CIMA UK
- CFC Certified - The IFC Canada
- Others ICAAP, ERM and CFAP
- Workshop Certification
- Climate Risk TCFD Certification
- Pursuing CISSP
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