Vikram Dutt Email & Phone Number

Mumbai

Internal Audit

Mumbai Area, India

Internal audit

Mumbai Area, India

Internal AuditContribute to preparation of overall strategy and plan for internal audit department including budget.Conducting Risk Based Audits of Central FunctionsEnsuring audit coverage for entire OrganisationFormulation and implementation of standard operating procedures for Risk based Internal Audit, risk assessment, defining audit universe including planning and execution of audit. Identify control and processes weaknesses, document main control points and provide evidential support for report recommendations.Present to Audit Committee and management the results, recommendations and conclusions of audit reviewsComplianceFiling of Special mention Accounts with RegulatorFiling Cash Transaction report & Suspicious Transaction report to RBICorresponding to RBI for queries and commentsCustodian of the Board Minutes and record managementMonitoring Compliances and its reportingOtherManaging 70 Branches Internal Audit Provisioning and Budgeting of Audit and Compliance Department

Mumbai Area, India

Contribute to preparation of overall strategy and plan for internal audit department including budget.Prepare annual audit programme section wise to ensure adequate coverage of all areas. Adept in conducting Risk based Internal Audit. Formulation and implementation of standard operating procedures for Risk based Internal Audit, risk assessment, defining audit universe including planning and execution of audit. Review and access the application and effectiveness of the risk management procedures and risk assessment methodology.Review scope of coverage of Compliance and Con current AuditorsIdentify control and processes weaknesses, document main control points and provide evidential support for report recommendations.Present to Audit Committee and management the results, recommendations and conclusions of audit reviewsInvestigation and reporting of frauds and suggesting controls for avoiding recurrence of similar frauds and suggesting actions to be taken with respect to in-discipline, gross negligence and frauds

Mumbai Area, India

Adept in conducting standard operating procedures for internal audit , including preparation of risk register, risk assessment templates, defining audit universe, getting approval from board for audits, audit announcement, audit planning, risk control matrix, audit scope, audit techniques, test and sampling methods involved in conducting audits, issuance of audit report. Review controls effectiveness of closed observation and monitoring open audit issues.Analyze operational and management processes and system controls’ effectiveness and efficiency in view to improve them and propose value added recommendations.Provide assurance that operations and processes conform to policies and procedures.Identify control and processes weaknesses, document main control points and provide evidential support for report recommendations.Present to area management the results, recommendations and conclusions of audit reviewsAssist the manager in preparing Audit Services Status reports for the Audit Committee, management and external auditors.Skilled in conducting due diligence audits and presenting financial reports in accordance with required GAAP.Familiar with audit manuals and gained experience in submitting deliverables as per firm’s policy standards.Deft in ensuring compliance basis all set norms Knowledge of computerised accounting and auditing record keeping systemsKey Audits: Retail Credit Process, Bank reconciliation, Risk Analytics, Financial and accounting controls, Loan Booking and Disbursement Audit, Expense Processing Unit, Premises and Infrastructure, Procurement and Vendor Management, Legal and Compliance Process and Customer Fulfillment Unit.

Senior Manager

Mumbai Area, India

AML / Suspicious Account/ Suspicious Transaction Reporting: Identification of transaction pattern to indicate suspicious accounts suspected to be involved in Money Laundering are reported to MLRO. Monitoring and reviewing AML triggers in Current Account portfolio .Identify customer having business relationship with Bank reported as suspicious in Media, customer complaints, etc suspected to be involved in Money Laundering are reported to MLRO. Ensuring Enhanced Due Diligence is carried out for suspicious account and the feedback received are analysed from AML prospective. Filed 432 STR’s in 2009-10 reported to FIU. Provide training on KYC and AML norms.Statutory Reporting: Handling official communication with the statutory authorities like RBI, SEBI, FEMA, etc likely to be replied under obligations under various acts in respect of any queries enquired by Regulator for Process, KYC, AML and Fraud.AML Process Implementation and Audit: The meek processes are analysed for further internal controls to strengthen KYC process and Identification of early warning triggers for Anti Money laundering. Facilitate in implementation of new process to ensure adherence to AML guidelines. Educating the field team about the new process and handling queries w.r.t. implementation. Drive the field team towards process adherence and Compliance. Conduct periodical audits of these processes.Facilitating Internal Audit, SOX Process: Walk through & testing: Ensuring closure of internal audit queries within time frames. Facilitate in SOX walk through and testing for SEG (Small Enterprise Group) processes within time frames. Ensure quality of updating of sample in SOX tool kit.Compliance Branch visits: Conducting surprise visits in Branches to determine loop holes in Process. Ensuring complete adherence of defined processes and sharing the findings with Process Managers .Initiating corrective process implementation wherever required.

Mumbai Area, India

Reviewing and checking the financial statements using IAS, USGAAP & IFRSPreparation of the audit report, management comments and management representation letter Service delivery as per client expectations (E.g.: Royalty /Sales Certificate as per client’s requirements, etc)Identify the weak area of statutory control and timely action plan for improvement.Conducting statutory audit and submitting audit report of Companies.

Mumbai Area, India

Statutory auditing of Indian Companies / Cooperative Societies / Firms / Individuals / and other entities in compliance with the various applicable Indian laws.Tax auditing to ensure the income-tax returns are submitted to the Revenue authorities in accordance with the income-tax regulations.

Mumbai Area, India

Internal Audit

Chartered Accontancy, Accountancy & Auditing

Chartered Accountant

Education record

High School