Gaurav Jain

Experience

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  Vaish & Associates

  Jan 2000 - Jan 2004

  Article

  Completed three year articleship trainee with exposure in Statutory, Internal and Tax audits.

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  HDFC Bank

  Apr 2005 - Oct 2008

  Manager

  Brief overview of the work handled as a Manager in Internal Control and Compliance Risk Department:- Performed test of design and test of operating effectiveness for SOX compliance audit of processes like Bullion, Commodities, Inventory funding, Cash, Share-capital and Dividend process.- Assisted in preparation of risk control matrix and anti-fraud schemes as per SOX requirements.- Internal audit of the retail assets, retail branches, wholesale banking operations and depository operations.- Prepared SQL queries for the audit team to improve the efficiency and effectiveness of the observations.- Participated in branch meetings to highlight value addition approach of audit and advised them on issues in relation to banking in practice.- Suggested processes, identified Risks and reviewed regulatory compliance for the implementation of better control.- Prepared standard auditing procedures, checklists and audit programs in addition to timely completion of assigned calendar. Show less

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  Ameriprise Financial Services, Inc.

  Oct 2008 - Mar 2011

  Group Leader

  I joined Strategic Transformation Group as a Group Leader with job responsibility of saving costs for the US based Fortune 250 organization and was reporting to the Vice-President in Minneapolis headquarters. I had set-up two new roles of Vendor Financial Health review and Leadership Reporting; in addition I also led Billing Audit, Vendor Contract Administration and Security Review teams. Overall leading five different teams with nine team-members with an objective of:- Stabilizing and establishing processes of new teams after transition from American Express, Inc.- Conducting billing audits of an annual expense exceeding $1.50 Billion, with core objective to recover excess money paid to vendors. - Support to Vendor Management Group by periodical reporting to Executive leadership, collecting information through surveys and meeting compliance requirements (like MA Regulations and SOX requirements)- Financial Health review of the vendors using data published at Standard & Poor’s and Dun & Bradstreet. Show less

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  Mashreq Bank, Dubai

  Mar 2011 - May 2022

  Audit Manager

  In my current role, I am responsible for the audit of the Bank’s Corporate and FI portfolio. Details of the work handled include,- Auditing full life-cycle of a corporate client starting from onboarding by relationship management, credit approval, disbursement/documentation/collateral management process, operational account conduct (incl. AML / CFT), early-warning alerts and review of NPL/provisions (incl. computation of ECL under IFRS-9). It also includes product management (Trade, Real-Estate products and Investment Banking). - Auditing credit risk management and market risk management which include credit rating models, stress testing, ICAAP and Bank’s proprietary treasury trading book.- Assessing compliance with the jurisdictional regulatory requirements, Bank’s policies and prudent practices to identify gaps both at design and operating effectiveness levels. - Leading audit team, updating audit checklist, supervising team’s performance and reviewing their work-papers. - Risk assessment of the audit universe using both quantitative and qualitative factors. Developing comprehensive risk-based audit plan and the team allocation.- Independently handling complete audit cycle from planning phase to report release, including discussion with Group Heads / Senior Management.- Advising Senior Management by proposing creative and pragmatic solutions for complex risk and control issues and other audit team related matters.- Involved in the recruitment of staff, conducting annual appraisals and handling development of direct subordinates.- Technical trainings to team-members on the credit file review, data engineering, designing queries and utilizing data analytics tools, etc. for upscaling their audit skills.- Implementing Continuous Audit methodology; harnessing the power of Hadoop / Big-data for the data analytics.- Planning and executing adhoc reviews like SWIFT systems, fraud investigations, end-to-end lean process reviews, etc. Show less

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  First Abu Dhabi Bank (FAB)

  May 2022 - now

  Vice President