Ritesh Modi Email & Phone Number

Ahmedabad, Gujarat, India

Retail Branch Banking Audits (Gujarat)Data Analytics - Continuous Offsite MonitoringData enablement, Robotics enablement

Mumbai

Support Bank Functions viz Compliance Department (Bank and NBFCs), Secretarial Department, Regulatory Returns Submission – Bank and NBFC, Vendor Payments etc  Performed special projects and assisted business units in evaluating and improving business processes, identifying risks and key areas of improvement based on Regulator’s inspection report. Evaluated the effectiveness of internal control policies and influence best practice change by utilizing root cause analysis of audit… Show more Support Bank Functions viz Compliance Department (Bank and NBFCs), Secretarial Department, Regulatory Returns Submission – Bank and NBFC, Vendor Payments etc  Performed special projects and assisted business units in evaluating and improving business processes, identifying risks and key areas of improvement based on Regulator’s inspection report. Evaluated the effectiveness of internal control policies and influence best practice change by utilizing root cause analysis of audit results across multiple units. Ensuring a proactive continuous risk assessment process focusing on emerging risk throughout the corporation. Led internal audit meetings to discuss findings and management action plans, and planned and executed follow-up testing to ensure action plans were properly implementedData Analytics, Data Enablement, Continuous Offsite Monitoring of Risks across Businesses Show less

Satellite, Ahmedabad

Retail Branch, LCC, Gold Loan, Currency Chest Audits, Working Capital and Consumer Durable Finance Business Developed and maintained standardized audit programs to monitor, assess and analyze financial as well as organizational risk and controls for the newly formed internal audit team at Location. Possess significant experience of managing internal audits for entire Gujarat state (130 branches with 20% of Banks RL Business). Recruited internal audit staff mainly freshers and… Show more Retail Branch, LCC, Gold Loan, Currency Chest Audits, Working Capital and Consumer Durable Finance Business Developed and maintained standardized audit programs to monitor, assess and analyze financial as well as organizational risk and controls for the newly formed internal audit team at Location. Possess significant experience of managing internal audits for entire Gujarat state (130 branches with 20% of Banks RL Business). Recruited internal audit staff mainly freshers and supervision along with training to team members. Very Low attrition rate of employees during tenure due to effective team management and handling. Process reviews, Operations review, process re-engineering and documentation of all existing business processes for Working Capital and Consumer Durable Finance Business including Business, Credit, Documentation, Credit Monitoring, RCU and Collections verticals. Improved efficiency across locations for standard analytics of branch operations data using macros thereby increasing efficiency by 25% per audit. Managed and executed a proactive continuous risk assessment process focusing on emerging risk throughout the Bank. Assisted team leaders in various presentations to First Tier Audit Committee and Audit Committee of the Board. Active participation in analysis, data extraction and reporting for the Bank during demonetization of currency by government of India in 2016. Played active role in new audit software configuration for the audit department. Successfully prepared Risk Based Audit Plan for 3 consecutive years for Retail Banking Business for the Bank with complete automation, thereby assisting in planning for coming years. Rated exceeding expectations across years for timely completion of Audit calendar with savings in Budgets. Handled internal audits of Working Capital Business and Consumer Durable Finance Business Audits Show less

Mumbai

 Process reviews, Operations review, process re-engineering and documentation of all existing business processes for Wholesale Banking Business including Business, Credit, Documentation, Monitoring and Trade Services verticals. Identified various business risks and areas for efficiency improvements and communicated directly with all levels of the organization Provided ongoing coaching and training to junior staff and guest auditors to ensure efficient execution of audit programs… Show more  Process reviews, Operations review, process re-engineering and documentation of all existing business processes for Wholesale Banking Business including Business, Credit, Documentation, Monitoring and Trade Services verticals. Identified various business risks and areas for efficiency improvements and communicated directly with all levels of the organization Provided ongoing coaching and training to junior staff and guest auditors to ensure efficient execution of audit programs. Reviewed, approved, and finalized audit work papers completed by audit team members. Ensured audit work papers complied with professional and department standards. Assisted team leaders in various presentations to First Tier Audit Committee and Audit Committee of the Board. Established rapport with varying levels of leadership including Business Heads and their pyramid leaders. Rated exceeding expectations across years for timely completion of Audit calendar with savings in Budgets. Show less

Mumbai Area, India

 Perform operations review of all existing business processes of Retail Banking Business including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations. Re-designed the audit process by developing and implementing Audit Checklist, Rating Model and Reporting in Excel using Advanced tools like Macros, which led to better risk coverage, audit trail incl Documentation, ease in various MIS… Show more  Perform operations review of all existing business processes of Retail Banking Business including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations. Re-designed the audit process by developing and implementing Audit Checklist, Rating Model and Reporting in Excel using Advanced tools like Macros, which led to better risk coverage, audit trail incl Documentation, ease in various MIS collation for analysis and reduction in audit budgets. Demonstrated autonomous decision making and critical thinking skills in performing analytical procedures, ensuring the effectiveness of the scope of the audit; expanding or decreasing testing to commensurate with the audit findings. Achieved 100% internal audit team independence for various data extraction via sqls which assisted in data accuracy, audit checks on population rather than sampling. Show less

Worked as a Qualified assisstant professional into Statutory and Tax Audit department of a reputed CA firm.

Ca, Accountancy, Auditing And Taxation

Chartered Accountant, Accounts, Auditing, Finance

Bachelor Of Commerce (B.Com.), Accounts, Auditing, Law

Ssc