Rajat Sood

Experience

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  HSBC

  Jun 2008 - Sept 2014

  Manager - Internal Risk and Control

  • Responsible for managing the risk related to retail banking and wealth management for the bank being in the first line of defence. I also used to monitor and analyse Key Risk Indicators which could put the bank at risk• Play a key role in managing the Operational Risks on behalf of Global Risk.• Escalate operational risk incidents to Regional Lead BRCM and Global Risk Function BRCMs, where appropriate, to enable knowledge sharing across regions.• Conduct control assurance testing on behalf of the Risk functional management within their region. • Conduct audits on the compliance function who were responsible for providing compliance approval to high risk & politically exposed customers after scanning sanctions list• Review & conduct audits for various departments such as Customer Service (Retail Bank Branches and Back offices), KYC, Prevention of Money Laundering Act (PMLA) department, on regulatory requirements• Auditing payments and cheque processing departments to ensure that payments are released as per the regulatory guidelines and that international payments are accepted, released as per the threshold• Periodical scrutiny of new accounts of retail banking for KYC, documentation & report on the deficiencies noted Show less

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  Grant Thornton Bharat LLP

  Sept 2014 - Apr 2015

  Senior Risk Consultant - Internal Audit & Risk Advisory

  • Responsible for performing wing to wing Audit of their internal process including Risk department, Marketing, Compliance, Human Resource, Information Technology, Pre- Acquisition, Post Acquisition & Enterprise Risk Management.• Executing Business Risk Services (BRS) which focuses on helping clients to recognise and mitigate risks by setting up robust business processes, institutionalising the right internal controls, better use of information technology and achieving operational performance improvements.• Preparing of Audit Plans, Scope and executing the same within given timeline.• Preparing draft report for further discussion with the management team of SBI-GE.• Submission of Final Report.• Evaluating and providing reasonable assurance that risk management, control, and governance systems are functioning as intended and will enable the organisation's objectives and goals to be met.• Reporting risk management issues and internal controls deficiencies identified directly to the audit committee and provides recommendations for improving the organisation's operations, in terms of both efficient and effective performance. Show less

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  Barclays

  Apr 2015 - Nov 2022

  Assistant Vice President - Third Party Risk and Assurance

  • Assess emerging threats related to Operational Risk, Reputational Risk, Conduct Risk, Legal Risk• Define and own Third Party Controls Assurance Methodology for control assessments activities including testing strategies on design and operating effectiveness of the controls• Contribute to annual audit planning and risk assessment exercises• Participate in audits covering key risk areas and support the delivery of the audit book of work deliverables• Provide independent, objective assurance to management as to whether the framework of risk management, control and governance processes, as designed and represented by management is adequate and operating effectively• Credibly engage and influence stakeholders in respect of the need to adjust, amend or improve internal controls within their business units• Ensure compliance with various regulations such as Monitory Authority of Singapore (MAS), Hong Kong Monitory Authority (HKMA), Financial Conduct Authority (FCA) and Federal Reserve.• Review and evaluate the adequacy and effectiveness of internal controls and compliance with corporate policies and procedures• Identify and clearly define audit issues and root causes, recommend improved internal controls and business processes, and ensure that corrective action plans are developed and implemented Show less

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  ISS A/S

  Nov 2022 - now

  Vice President - Global Risk and Control Testing

  • Design, mobilise and implement control testing methodology and testing strategy to help ISS and its clients manage the Operational Risk• Design, monitor and report global control testing plan across ISS and its clients• Drive and engaging work environment ensuring direct reports are always motivated and continuously developing• Review and analyse review findings ensuring strong engagement and validation with process and control owners on outcomes/next steps• Monitor overall governance and risk position ensuring any material risk to ISS or its clients is highlighted in the Risk Forums• Develop Risk capabilities while driving and strong risk culture across services offered. Show less