Neelam Jain
Melbourne
Summary
Chartered Accountant (CA) and Certified Information Security Auditor (CISA) with almost 9 years of diversified experience in the banking sector, specializing in internal audit, treasury audit, and non-financial risk management (NFRM).
Adept at operational risk, risk control assessment (RCA), and control testing, with a proven track record in managing and mitigating financial and operational risks. Expertise in designing and implementing robust internal control systems to ensure regulatory compliance and - prevent fraud. Skilled in conducting thematic audits and preparing comprehensive financial reports with meticulous attention to accuracy and compliance. Demonstrates strong analytical and logical reasoning abilities, coupled with excellent project management and stakeholder engagement skills. Known for a positive attitude and the ability to quickly learn and adapt to new challenges, ensuring continuous improvement in risk and compliance management frameworks.
Overview
10
10
years of professional experience
Work History
Consultant-Risk ,Assurance and Consulting (RAC)
HLB Mann Judd
09.2024 - Current
- Developed comprehensive audit plans, including risk assessments and scope definitions of various departments of public sector entities e.g. Payroll, Standard Directions, Procurement,Accounts Payable/Receivable etc
- Assessed the design and operating effectiveness of internal controls against relevant standards and best practice and governance practices in line with relevant regulatory and industry standards
- Identified and evaluated key risks and control weaknesses, providing recommendations for improvement
- Identified significant audit issues and quantified potential financial and operational impacts and prepared clear and concise audit reports, summarizing findings and recommendations
- Monitored the implementation of corrective actions and verified the effectiveness of remedial measures and conducted follow-up reviews to assess the sustainability of improvements
- Stayed updated on relevant industry standards, regulatory requirements, and emerging trends in internal audit and maintained effective communication with senior staff, ensuring timely updates on client interactions and feedback
Business Assurance Expert-Customer Resolution and Remediation
ANZ Bank
10.2023 - 07.2024
- Conducted thorough analysis of operational risk events, including impact assessment and risk mapping
- Ensuring alignment with regulatory standards such as ASIC and BCOP
- Performed detailed breach assessments to identify compliance issues and recommend corrective actions
- Identified process deficiencies and assessed control environments to enhance overall risk management
- Developed and implemented effective remediation strategies to address identified risks and deficiencies
- Conducted rigorous Risk and Control Assessments to enhance the efficacy of risk management strategies
- Regularly monitored Key Risk Indicators (KRIs) to provide insights and recommendations for mitigating potential risks
- Provided recommendations for corrective measures based on KRI insights to effectively mitigate risks
- Ensured all activities and strategies complied with relevant regulatory standards and internal policies
- Mapped identified risks to understand their impact and develop targeted mitigation strategies
- Assessed the effectiveness of control environments, implementing enhancements to strengthen risk management processes
- Conducted Risk assessment of Top Nonfinancial Risk, workshopped them with business
Assistant Vice President - Divisional Control Office, Treasury and Cyber Security
Deutsche Bank
10.2022 - 05.2023
- Drive the Risk and Control Assessment (RCA) process to ensure that the risk profile remains accurate and up to date
- Supported business in preparing reports on various Treasury risk assessments
- Creating and maintaining an RCA Summary Report that includes key themes and risk drivers, new and emerging risks, and remediation planning to ensure compliance with NFRM guidelines
- Analyze monthly Contextual Data (including findings, internal and external loss data, metrics, and remediation progress) to determine if updates are required to the risk profile
- Evaluation of Scenario Analysis observations, recording and monitoring of any findings using the Global Findings Management System
- On behalf of First line of Defence performing analysis and documentation of Events leading to Operational Loss, process lapses and process Gaps and recommending Corrective and preventive action and presenting the same to Second Line of Defence
- Assisted First Line in administering audit issues which are self-identified by the management and Auditor
Associate- Operational Risk (Data Monitoring)
Morgan Stanley
08.2021 - 09.2022
- Performed Operational loss incident review covering different aspects like mapping of risk taxonomy, process, control taxonomy, loss amount as per internal requirements and regulatory requirements
- Performed analysis on incident life cycle including reporting of findings to different stakeholders
- Preparation of monthly Data pack covering a detailed overview of operational risk incidents, issues, responsible team's response, timelines adherence of various incidents to the management periodically
- Experience in performing data analysis and providing processed data in a presentable format to assist in decision support system for business operations
- Proficient in preparing dashboards for executive reporting based on metrics such as Key Performance Indicators (KPI's) and Key Risk Indicators (KRI's)
Senior Manager- Internal Audit Department
ICBC Bank
03.2021 - 08.2021
- Performed test of Design Effectiveness and Operating Effectiveness of the controls assigned for key processes as a part of audit exercise
- Liaised with multiple stakeholders to highlight key risks and strengthen controls
- Performed and drafted Audit checklist for Bank's critical functions including Finance & Accounts and Treasury
- Assisted in creation of Regulatory Report Dictionary to support global compliance team
- Drafted Audit plan and ensured conduct of audit according to plan
Senior Auditor- Internal Audit Department
Kotak Bank
05.2020 - 12.2020
- Experienced in managing end to end control testing, right from walk through' s to issue discussions, documenting evidence, tracking issues with multiple stakeholders and reporting
- Conducted audit of different functions like Finance, Accounts, etc
- For representative office of KMBL located in Dubai
- Conducted process review, to identify gaps in the process employed and verify the controls are adequate
- Conducted end to end audit of various areas and drafted audit report and highlighted key audit findings to various stakeholders
Manager -Operational Risk Management, Treasury
Yes Bank
05.2018 - 05.2020
- Extensive experience in treasury front and back-office operations, including deal validation, settlement, confirmation, valuation, and risk management for various financial products on multiple platforms (Murex, Credence, YesFx, Yes Forex)
- Proficient in conducting root cause analysis for operational risks, suggesting process improvements, and preparing regulatory reports (e.g., ALM, Liquidity Returns) to ensure compliance with industry standards
Deputy Manager- Internal Audit Department, Treasury
ICICI Bank
05.2015 - 05.2018
- Verified compliance with RBI regulations for Basel Liquidity Returns (BLR 1-6), Statement of Structural Liquidity (SSL), and Interest Rate Sensitivity Statement (IRS), ensuring adherence to liquidity standards and risk management frameworks
- Ensured accurate valuation of various securities (Government Securities, Corporate Bonds, etc.) according to RBI and FIMMDA guidelines, contributing to sound investment decisions and risk management
Education
Certified Information Security Auditor -
ISACA
01.2024
Chartered Accountant -
ICAI
01-2015
Bachelor's in commerce -
01.2012
Skills
- Advanced Microsoft Office Skills
- Murex application
- Satyam
- CaseWare
- Risk identification, assessment, and mitigation
- Internal Audit Planning & Execution
- Control Testing (Design & Operating Effectiveness)
- Regulatory Compliance (RBI, APRA, ASIC, Basel norms,CPS 220, CPS 230, CPS 234)
- Strategic alignment of risk solutions with business needs
- Governance, Risk & Compliance (GRC) Frameworks
- Process Improvements & Strategic Planning
- Root cause analysis for risk and compliance issues
- Enterprise risk management (ERM) systems
- Proactive & adaptable mindset
- Attention to detail
Timeline
Consultant-Risk ,Assurance and Consulting (RAC)
HLB Mann Judd
09.2024 - Current
Business Assurance Expert-Customer Resolution and Remediation
ANZ Bank
10.2023 - 07.2024
Assistant Vice President - Divisional Control Office, Treasury and Cyber Security
Deutsche Bank
10.2022 - 05.2023
Associate- Operational Risk (Data Monitoring)
Morgan Stanley
08.2021 - 09.2022
Senior Manager- Internal Audit Department
ICBC Bank
03.2021 - 08.2021
Senior Auditor- Internal Audit Department
Kotak Bank
05.2020 - 12.2020
Manager -Operational Risk Management, Treasury
Yes Bank
05.2018 - 05.2020
Deputy Manager- Internal Audit Department, Treasury
ICICI Bank
05.2015 - 05.2018
Bachelor's in commerce -
Certified Information Security Auditor -
ISACA
Chartered Accountant -
ICAI
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