Ragavendra Badrinarayanan

Experience

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  SBI Life Insurance Co. Ltd.

  Jul 2008 - Sept 2013

  Regional Auditor

  • Conducted Branch Audit for analyzing and rating the branch efficiency in all aspects based on its functionality namely (regulatory, underwriting, individual new business processing, group new business processing, policy servicing, sales, IA recruitment process and so on)• Steered and performed regional process audits in each and every department at the regional office (Finance & Accounts, Human Resources, Distribution Channels, and Insurance Operations, Policy Servicing as well as Claims Processing) that were audited individually as per the SOP (Standard Operating Procedure) • Analyzed and reported the management on all the audits related to financial implications & process flow; investigated work according to management requirement Show less

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  Jana Small Finance Bank

  Oct 2013 - May 2019

  Associate Vice President-Internal Audit

  • Monitoring the adherence of the internal policies and processes of company; visiting Branch Offices of the company for conducting inspection / audit• Conducting audit for the disbursed loan files and reporting non-compliance for the same; verifying vendor management at Branch Office• Confirming to complete special inspection assignment from time to time• Engaged in executing audit plan as per agreed timelines, draft audit reports and discussing and finalizing reports with the Auditee• Identifying critical areas for continuous monitoring; developing necessary exception reports• Achieving accuracy and adhering to SLAs; conducting analysis and engaged in the submission of reports Show less

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  IDFC FIRST Bank

  Jun 2019 - now

  Chief Manager - Internal Audit

  *Develop risk–based annual audit plans detailing the scope, nature and timing of audit activities for Retail Banking*Design internal audit procedures and work programs*Conduct internal audits to assess the adequacy, effectiveness and efficiency of the established internal controls and procedures for Retail Business*Identify key areas of risk within the Retail business and propose appropriate controls to mitigate the risks*Discuss audit findings and recommendations with line managers and report significant issues to senior management*Prepare audit reports in line with the approved audit plan*Ensure the timely implementation of management actions recommended in the audit reports*Provide the Audit Committee of the Board and the senior management with an opinion on the adequacy, effectiveness and efficiency of the internal controls in the bank Show less