MS office
SUNIL CHAUDHARY
Head Of Internal Audit
Dubai,UAE
Summary
A finance professional having experience of 15+ years in Internal audits and controls, Operational Risk Management, Business Risk management, Business Risk Assessment & Mitigation and Fraud Investigation in the Manufacturing sector. Focused on operational improvements, cost savings and productivity enhancements through recommending controls and procedures.
Overview
1
1
Certification
16
16
years of professional experience
Work History
Head of Internal Audit and Sox, MEA
ArcelorMittal
Dubai
05.2015 - Current
- Managing 18 entities in Middle East & Asia spread across diverse geographies in UAE, Saudi Arabia, India, China, Russia, Egypt, Nigeria and Singapore.
- Perform Risk Assessment of group companies and conducting Internal Audit assignment in accordance with the risk rating.
- Eliciting information from knowledgeable internal/external sources about areas & functions to determine appropriate audit direction/methodology and resolving audit issues by developing vale added recommendations to mitigate the risks identified.
- Pilot and support the audit team in performing independently financial, IT and operational audits as per the audit plan.
- Facilitating integrated assurance process in conjunction with other assurance providers such as Enterprise Risk Management, Health and Safety Department, Insurance and External Auditors.
- Contributing in improving organization as a whole by identifying priorities and resource requirements for the year by developing an annual audit plan using input from the team and stakeholders.
- Help set Internal Audit standards and processes, considering efficiency and effectiveness, and industry best practices.
- Keeping the entity CEO, Board of Directors and Audit Committee updated with key risks, provide and informed and independent opinion, ensuring that the group fosters ethical and compliant behavior.
- Implement and ensures Sox compliance framework in group companies.
- Continuously develop the skills of the team by assessing the training requirements and developing a suitable development strategy for each team member.
Manager, Internal Assurance
ArcelorMittal
Dubai and Kazakhstan
09.2010 - 04.2015
- Lead financial and operational audits under the supervision of the Country Manager (HIA) as per the audit plan.
- Ensuring that both, the audit objectives and the quality standards are met.
- Assess the potential impact on operations and the risks linked to the specific findings.
- Manage effective follow-up and monitoring of all internal and external audit recommendations to ensure that the necessary management actions have been implemented.
- Prepare the draft audit reports as per the ArcelorMittal format for review by the local head of internal audit and/or supervisor.
- Regularly participate in the in the periodic follow-ups of recommendations.
- Apply the audit methodology of the ArcelorMittal Internal Assurance Department.
- Develop procedures / audit approaches for auditing new processes and/or taking different approaches to well-known processes.
- Planning and organizing training and skill development for a team of 10 auditors.
Supervisor, Internal Assurance
ArcelorMittal
Ukraine, Ukraine
11.2008 - 08.2010
- Helping the Country head in annual risk assessment and preparing yearly audit plan.
- Under the supervision of the Country Manager, planning and execution of financial and operational audits.
- Performing various Operational and Process audits related to Financial statements, Inventory management, Sales & Marketing, Procurement functions to ensure compliance with established standards and policies.
- Prepare detailed audit reports to identify and recommend improvements in internal controls, value addition in terms of improving operational efficiency and cost savings.
- Supervise Internal Audit Team for execution of audit projects.
Manager, Management Reassurance Department
ICICI LOMBARD GENERAL INSURANCE LIMITED
Mumbai, India, India
01.2006 - 08.2008
- Worked as a lead auditor and structured various business processes related to various day to day branch operations and back office operations.
- Prepared & facilitated process manuals and visited various branches and regional offices to understand challenges and risks involved.
- Execute financial and operational audits.
- Ensuring achievement of audit objectives and the quality standards of the department.
- Preparing draft audit reports for final review by the head of Internal audit and/or supervisor.
Audit Executive
YASH BIRLA GROUP
Mumbai, India, India
03.2005 - 01.2006
- Carried out management audits for 12+ companies in the group.
- Evaluated performance of group companies by compiling monthly financial statements and reviewed SOPs created for internal control.
- To perform financial and operational audits under the supervision of the Group Joint President of Corporate Planning & Finance.
- Handled insurance advisory, public and media relations and financing with a team of 2 members from corporate office.
- Assisted in IPO (initial public offering) of 2 group companies.
Education
Chartered Accountant (CA) -
Institute of Chartered Accountants of India
Bachelor of Commerce (Honors) -
MDS University
Skills
Internal Controls
Risk Management
Internal Audit
Business Process Re-engineering
Sox Controls
Analytical Skills
Team Management
Innovation
Enterprise Risk Management
Accomplishments
- Conceptualized and implemented automated Continuous Auditing tools for remote auditing.
- Lead and oversaw implementation of Process Mining tools for various business processes.
- Developed IA charter for smooth functioning of IA and reporting to Audit Committee at locations under MEA.
- Conceptuliased and developed audit framework for SMEs audits across ArcelorMittal.
Software
TeamMate Audit Management Tool
MS Excel
Powerpoint
Certification
Certified Internal Auditor (CIA)
Timeline
Head of Internal Audit and Sox, MEA
ArcelorMittal
05.2015 - Current
Manager, Internal Assurance
ArcelorMittal
09.2010 - 04.2015
Supervisor, Internal Assurance
ArcelorMittal
11.2008 - 08.2010
Manager, Management Reassurance Department
ICICI LOMBARD GENERAL INSURANCE LIMITED
01.2006 - 08.2008
Audit Executive
YASH BIRLA GROUP
03.2005 - 01.2006
Bachelor of Commerce (Honors) -
MDS University
Chartered Accountant (CA) -
Institute of Chartered Accountants of India