Parag Kaundinya Email & Phone Number

Ottawa, Ontario, Canada

Toronto, Canada Area

 Involved in audit planning, budgeting, and execution of key Operational and SOX processes relatedto Finance and Corporate functions. Reviewed process walkthroughs to evaluate control environment and identify processvulnerabilities and control deficiencies. Developed audit test programs, Tested key controls, Identified control deficiencies and reviewedremediation plan. Monitored progress of remediation measures and assessed effectiveness of implementedremediation actions.

Toronto, Canada Area

 Managed the SOX review of Enterprise Hedge Accounting. Reviewed the key risks and controls associated with the implementation of a new HedgeAccounting and Reporting application. End to end audit planning and execution spanning Information Technology and business controls. Evaluated the user experience of a key data mining application by interviewing numerous users.

Toronto, Canada Area

Evaluated valuation processes and controls to identify process vulnerabilities and control weakness.Developed programs to assess the design and operating effectiveness of SOX/MAR controls.Designed and implemented projects to strengthen the control environment and remediation of audit deficiencies. Identified and implemented process improvements initiatives.Managed relationship with external parties including regulators, internal and external auditors.

Performed risk-based audit and advisory work related to key business, compliance, and corporate functions. Led audits in Asia and the U.S., managed staff in multiple locations, and developed strong relationships with senior management. Project highlights:Legal entity governance audits of American Express entities in India and Australia.International Vendor Oversight audit- Vendor selection, data security, performance management, security review.Financial Statements Close audit- Intercompany/ Investment Equity adjustments, Financial consolidation.Pre-implementation advisory project related to the Oracle Financial System- Operational controls review.Advisory project related sale of business line to external vendor including vendor due diligence.Audit of Derivatives and Hedging activities (conducted from New York).

Managed internal audits for all Bank of America offices in India. Conducted audits of core business operations, compliance (including data privacy), and corporate functions such as Finance (including International and U.S. GAAP compliance), Human Resources, and Information Technology Controls.Performed risk reviews and evaluated the control environment to address strategic, reputation, technology, operational, business continuity and fraud risks.Participated in multiple audit assignments in the U.S. involving Mortgage Home Equity, the Insurance business, and assessing compliance with U.S. GAAP.

Executed and managed audit and advisory projects related to risk management, process reviews, systems reviews, management and internal audit engagements.Evaluated control environment, identified control deficiencies and monitored remediation actions. Conducted process mapping, and performed review, evaluation and testing of key controls, and compiled the Statement of Aggregate Deficiencies (SAD).Contributed to the design of Global Risk Matrices used for evaluating fraud risk.Participated in a number of U.S. based SOX compliance projects.

International Banking Group- OperationsTeam Leader for the Account Opening function, a 40-member team.Developed dashboards to enhance monitoring of departmental activities, and for improving employee productivity. Developed and maintained inventory models.Led the implementation of the "Five S" quality tool.

Responsibility for Management Accounting, Cost Accounting, and Budgeting. Led the analysis and reporting of monthly plant performance, which was a key component of the Factory Based Report. Performed project feasibility studies and assisted with pricing of new products.Performed a cost-benefit analysis to analyze the factory-wide financial impact of Six Sigma initiatives.Responsibility for transfer pricing in respect of intra-group exports and imports.

Conducted Financial statement audits, Internal audits and investigations. Evaluated internal control systems and presented recommendations to improve the control environment.Reviewed plant operations of a large consumer products company & presented cost reduction recommendations.