Vivek Banka

Experience

• 

  ITC Limited

  Apr 2009 - Nov 2009

  Finance Superintendent

  • Champion the review of stock controls in RM/PM/FG• Ensuring Uniformity in business Practices being followed across different locations & Profit Centres• Adequacy and effectiveness of internal controls in the areas of material master creation, indenting, receipt and issue of material, stock verification and its valuation.• Timely provisioning of aging / obsolete stock• Timely disposal of write off stock post approvals.

• 

  Tata Steel

  Jan 2010 - now

  Responsible for Review of Internal Controls in the area of Procure to Pay and Supplychain of TSL, Inventory Management, Goverance and Risk Management. Process Champion for Data Analytics Project in P2P vertical. Key Member for Risk Based Annual Audit Planning and Communication Packs for Senior Managment Reporting.Experience as CAE of Tata Steel Utilities and Infrastructure Services Limited, Tata Steel Mining Ltd, Tata Steel Special Economic Zone Ltd with reporting relationship to the respective Audit Committees.In the erstwhile role as Audit Head was entrusted with responsibilities of Internal control review of entire plant encompassing areas of P2P, Supplychain, Financial Reporting, Inventory Management, GRC.Collaboration and Business Partnering through a number of projects like Audit Awareness Sessions, Quarterly MIS to Business Unit Heads, Stakeholder Inputs.Experience in special assignments involving investigations, Risk Management, IFC, Compliance, Treasury Audits, Preparation of a comprehensive Risk and Control Manual Show less • Assist in conducting audits and follow-up in assigned Units.• Assess the adequacy and effectiveness of the internal controls and systems as designed in the Business Risk and Control Manual and other Controls, if any, implemented by the process owners to achieve the desired business objectives and suggest changes to improve overall working for the defined areas.• Identifying opportunities for system improvement, cost reduction, revenue optimization to create value to the organisation.• Identify audit findings and prepare clear and concise draft audit report in consultation with superior.• Assist superiors in finalizing and distributing the final audit report.• Obtain Management Action Plan or perform Follow up visits/reports to assess the extent of implementation of audit recommendations as advised.• Assist superiors in preparation of Executive Summary for presenting the same to Audit Committee and Managing Director. Show less

  • Chief Audit (Profit Centres and Group Companies)

    Oct 2022 - now

  • Head Corporate Audit Procure to Pay and Supplychain

    Jan 2021 - Apr 2023

  • Head Audit and Assurance TSK

    Feb 2018 - Dec 2020

  • Sr. Manager Corporate Audit

    Jun 2013 - Jan 2018

  • Manager Corporate Audit

    Jan 2010 - May 2013