MS Office
Hi, I’m
RAJ KUMAR
Head of Internal Audit
Summary
Forward-thinking individual with great understanding of auditing procedures. Offering more than 12 years of expertise of regulatory issue validation for large businesses. Known for accuracy, efficiency and analytical skills. Accomplished Internal Auditor offering more than 8 years preparing internal audit documentation and reports.
Overview
13
years of professional experience
2
Languages
Work History
Bank Of Baroda, United Arab Emirates
Head of Internal Audit
06.2022 - Current
Job overview
- Developed comprehensive annual audit plans to address key areas of risk within the organization.
- Presented audit findings and recommendations to the Board of Directors, demonstrating clear communication skills and ability to influence decision-making at the highest levels of the organization.
- Implemented best practices in internal auditing by staying current on industry trends and emerging issues through ongoing professional development activities.
- Enhanced internal audit processes by implementing risk-based auditing strategies and methodologies.
- Conducted regular training sessions for staff members on various topics related to internal audit principles, improving overall understanding within the organization.
- Provided expert advice on regulatory compliance, helping the organization navigate complex industry requirements and avoid potential penalties or fines.
- Established strong relationships with senior management, promoting open communication and collaboration on audit findings and recommendations.
- Managed a team of auditors, providing guidance, development opportunities, and performance feedback for continuous improvement.
- Collaborated with external auditors during annual reviews, ensuring a smooth audit process with minimal disruptions to business operations.
- Fostered a culture of continuous improvement within the internal audit function by regularly reviewing methodologies, tools, and approaches for potential enhancements.
- Improved internal controls by identifying gaps in existing policies and procedures and recommending corrective actions.
- Conducted thorough investigations into reported instances of fraud or misconduct, maintaining high ethical standards throughout the process.
Bank of Baroda
HEAD-SME
12.2021 - Current
Job overview
- Responsible for sanctioning and recommending of MSME proposal
- Works closely with branches for canvassing and sanctioning fresh and review with increase advances
- Attending and submitting rectified Audit report to PAC( Pre Audit committed)
Internal Auditor( ZIAD New Delhi & ZIAD Chandigarh)
09.2015
Job overview
- Managing audits from start to completion including detailed walkthrough of key processes to identify internal controls, developing and execution of tests of control and substantive testing procedure for key control, execution of testing, identification and reporting of issues
- Involvement in scope determination, audit planning memos, developing testing plans, issue identification, issue discussions with Business unit Prepared working papers, reports and supporting documentation for audit findings.
Bank of Baroda
Internal Auditor
09.2015 - 08.2021
Job overview
- FEMA Audit(on Special Assignment ZIAD Mumbai) August 2021 To plan and execute audit of forex Branches and assessment of risk Risk identification and evidence collection and thereafter submitting report to Audit and Business unit
Audit Administrative Head(SDO_ ZIAD Chandigarh)
06.2019 - 03.2020
Job overview
- To manage a team of 24 Internal Auditors Work closely with Audit Team and Business Unit management to confirm the scope of the audit, devise a testing approach and provide technical expertise Responsible for planning, scoping, execution, documenting and communication of audit results both to Audit and Business Unit Management Develop a budget and/or time frame for how the audit will be completed
- Communication of audit results and presentation of recommendations on operations and controls to the business unit Review of Internal Auditors to ensure that Departmental Audit Standards have been met To present Audit finding and compliance thereof within timeframe by business unit Management(Zonal Audit committee , ZAC)
Audit Automation(Core Team Member _CIAD Baroda)
02.2018 - 05.2018
Job overview
- To develop Risk Control Matrix(RCM) for universal Branch and other Auditee units/Department
Bank of Baroda
Branch Head
07.2013 - 09.2015
Job overview
- Managing day today activities and work for the growth of the branch
- To Attend audit observation and submit rectified Audit Observations Report to Audit and Inspection Dept ,Regional Office To manage operational risk and ensure all internal control are in place Facilitated financial and operational audits, working with internal and external managers to communicate recommendations or issues surrounding audits
Bank of Baroda
Incharge -Priority and Agriculture Sector
02.2011 - 07.2012
Job overview
- To look after Region Priority sector target and co-ordinate with the Branch for business development To look after internal control of credit decision ( Post sanction Reporting, PSR)
Education
PSG Institute of Management
Master Programme in International Business
01.2005 - 04.2007
Sikkim Manipal University
Bachelor in Information Technology
01.2002 - 04.2003
CBSE Board
Senior Secondary
Skills
Audit Planning
Internal Controls
Regulations and compliance
Policy compliance
Fraud investigations
Data Analytics
Report creation
Teamwork and Collaboration
Analytical Thinking
Problem-solving aptitude
Time Management
Certificationsvolunteerwork
- Member of The Institute of Internal Auditors(IIA, USA) ,Delhi Chapter CIIAB
- Indian Institute of Banking and Finance 2012JAIIB
- Indian Institute of Banking and Finance 2011NISM
- Indian Institute of Banking and Finance Certification course in Derivative Market National Stock Exchange, Mumbai Certification course in Capital market National Stock Exchange, Mumbai
- To Design and operating effectiveness of audit areas Identification of risk and evaluate Internal controlDesigning of various Audit Reports formats for Internal Audit purpose
- Internal Auditor( ZIAD New Delhi & ZIAD Chandigarh).Sep 2015 to Jan 2018 & June 2018 to May 2019Managing audits from start to completion including detailed walkthroughs of key processes to identify internal controls, developing and execution of tests of control and substantive testing procedure for key control, execution of testing, identification and reporting of issues. Involvement in scope determination, audit planning memos, developing testing plans, issue identification, issue discussions with Business unitPrepared working papers, reports and supporting documentation for audit findings.
Skillsproficiencies
- Knowledge of computer hardware and applicable software. Proficient in Microsoft Office Suite Access, Microsoft Outlook, and Internet
- Highly organized and detail-oriented with demonstrated ability to set priorities and to respond to changing demands from multiple sources in a fast-paced environment. Ability to follow through, meet deadlines, anticipate requirements and build relationships Excellent Problem solver
- Knowledge of financial services products, services and regulations; internal audit practices; and regulatory guidance and expectations (Bank, SEBI, RBI,IRDA,ECGC,). knowledge of the Institute of Internal Auditor's (IIA) International Professional Practices Framework (IPPF)
Software
Light Room
Interests
Photography
Travelling
Cooking
Gardening
Reading
Timeline
Head of Internal Audit
Bank Of Baroda, United Arab Emirates
06.2022 - Current
HEAD-SME
Bank of Baroda
12.2021 - Current
Audit Administrative Head(SDO_ ZIAD Chandigarh)
06.2019 - 03.2020
Audit Automation(Core Team Member _CIAD Baroda)
02.2018 - 05.2018
Internal Auditor( ZIAD New Delhi & ZIAD Chandigarh)
09.2015
Internal Auditor
Bank of Baroda
09.2015 - 08.2021
Branch Head
Bank of Baroda
07.2013 - 09.2015
Incharge -Priority and Agriculture Sector
Bank of Baroda
02.2011 - 07.2012
PSG Institute of Management
Master Programme in International Business
01.2005 - 04.2007
Sikkim Manipal University
Bachelor in Information Technology
01.2002 - 04.2003
CBSE Board
Senior Secondary