Khushboo JainDOB: 1st April 1984Mobile. No: +91- 8826064949E-mail: khushi1029@gmail.com

Educational Background

Master in Business (MBA) -FinanceSymbiosis Centre for Distance Learning (SCDL)

Bachelor in Arts - Delhi UniversityFunctional Expertise

KYC Analysis, Customer Due-Diligence, Enhanced Due-Diligence, OFAC & MOFA Checks, Anti Money Laundering Banks Internal & RBI Regulatory Compliance, Transaction monitoring, Mortgage Underwriting, Concurrent audits, J- Sox Testing, Internal Audit, Branch audits, Risk Management, Investment audit, Corporate agency Inspection, Project Management, , Process Review, Team Management, well versed with Banking process, exposure of big banks – Citi Bank/Standard Charted/Bank of Tokyo or IMGC.

Professional Experience

Haribhakti & Co.LLP Sept’2006 to Till Date

Assistant Manager – Risk & Advisory Services

Key Responsibilities

Heading the activities related to internal audit across industries and processes; devising robust controls for financial reporting's through preparation of SOPs, policy and process manuals 

Developing control mechanisms and mapping of processes focused on developing frameworks for financial and operational processes 

Collect and analyze data to detect deficient controls, fraud, or non-compliance with laws, regulations, and management policies.

Ensuring compliance as per RBI & IRDA etc. Compliance of  KYC & AML Policy and Procedures Review of Completeness of KYC documentation, Risk Categorization. Transaction monitoring in line with Bank’s AML Policy and Procedures. Review OFAC/ MOFA, FATCA Checks. Responsible for Internal Audit of business processes and Recommend Remedial Actions. Review Controls, Risks Identification, Testing of Controls, and Tracking Deficiencies. Review of loans underwritten on the basis of deal guidelines. Detailed analysis of the loan package to determine if a potential borrower presents an appropriate level of risk.  Ensure that every section of the Loan application is completely filled out and all relevant supporting documents

are in place and all information related to loan application is entered and accurate. Conducting Tests of Design and Implementation and Operating Effectiveness of Controls. Reviewing and developing client's custom control catalogs to ensure alignment of test procedures and control

language to enhance efficiencies in remote execution of test procedures. Engagement planning, management, Ensure Compliance with Risk management Strategies Assessment of Business and Improve on Efficacy of Internal Controls and Risk Management Oriented Solution Develop strong working relationships with client. Suggest ideas on improving engagement productivity and

identify opportunities for improving client service Prepare detailed reports on audit findings with appropriate root causing and recommendations.

Detailed Work Experience

Concurrent Audit for Banks operation:-

Review and Analysis of daily cash transactions, Review of suspense receipts/ payments, Verification of

deal slips, letter of guarantees, cash verification, and commission recovered as per FEDAI rules.

Verification of relevant documents pre sanctioning / post sanctioning of Loans, ensuring compliance with

bank's credit policies , export documents, Import document, Letter of Credits, Outward remittances as Per

FEMA Guidelines.

Review completeness of a client's KYC (Know Your Customers) i.e. documentation/information and

identifying missing documentation , OFAC /MOFA and FATCA Check ,Anti- Money Laundering,

Verification of transactions and adherence to the KYC and AML Policies & Procedure and Sanction

Screenings are strictly implemented.

Adhering to compliance as per the banking rules, regulations & procedure

Monitoring credit limits, identifying irregularities and suggest risk mitigation solutions

Acting as control point for business specific policies and procedures

Concurrent Audit for Underwritten Home Loans

Adherence to IMGC’s approved guidelines and regulatory requirements and operating procedures.

Data completeness and accuracy (based on underlying source documents)

Data entering and then validating and assessing an application, to use the credit knowledge to make a

decision regarding the customer's ability to repay the debt.

Exercise thorough credit worthiness assessment and sound decision-making

Apply lending/credit policy, product and Mortgage Insurance guidelines, and a high level of judgment, in

assessing applicant's credit worthiness.

Research customer requests by gathering all relevant information/data, ensuring all available avenues and

sources of information are investigated and all research and investigation is accurately recorded including

supporting evidence and documentation.

Undertake administrative functions following sound research, investigation and assessment.

Providing meticulous attention to detail in underwriting mortgages; evaluating the financial strength of

borrowers to determine risk and repayment capacity Communicating credit risk decisions to the partnering

individuals within the company, correspondents, or borrowers.

Completeness of loan file documents to support decision

Operations team’s decision practices including approval authority

Review of notepads of respective underwriters for exception noting and due approvals

Corporate Agency Inspection Audit:-

Review of Corporate agents strategic and records maintained,

Onsite visit of corporate agent to verify scope mentioned in the IRDA circular.

During onsite visit we have interviewed relevant personnel and conducted walkthrough for collection of

evidences.

Verification of proposal forms, contracting files, agent’s commission payment to ensure compliance with

provisions of IRDA norms.

J- Sox Testing:-

Reviewing flowcharts, risk control matrix, testing of design and operational effectiveness as well as

remedial solutions

Analysis of key controls in various business processes and analysis of design and operational

effectiveness of internal controls embedded in various processes to mitigate risks.

Adhering to adequate documentation requirements and reporting of any weaknesses in key controls and

prepare results of each process.

Internal Audit:-

Payroll Process Review of in house payroll data generation process

Review of procedures followed by vendor vis-à-vis agreed procedures.

Overview of the internal controls on outsourcing procedures followed by MCI

Review of Policy & Procedures.

Fixed Assets Process Overview of FA budget process & monitoring mechanism

Review of procurement to pay cycle

Review of fixed assets classification & depreciation charge out

Review of physical verification procedures

Review of assets management including asset discarding/sale process.

Investment Audit:-

Calculation of NAVs (Net Asset Value) of various Unit Linked Equity and Debt Schemes in excel.

Confirming NAV before release to press.

Periodic review of the various functions of the Front office, mid office & Back office as per the SOP.

Verification of various Corporate Actions relating to Equities.

Verification of the valuation of different asset classes on a daily basis.

Checking of various trades carried out by the fund on a daily basis.

Major Clients Handled

IMGC( Indian Mortgage Guarantee corporation Pvt. Ltd.) Sumitomo Mitsui Banking Corporation Bank of Tokyo Mitsubishi Mizuho Bank Citibank NA Kotak Bank Mitsubishi Trading Corporation DHFL Pramerica Life Insurance Aviva Life Insurance Max Life Insurance Standard Chartered Securities Ltd.

Technical Competencies

MS-Tools- Ms Excel, Ms Power point, Ms Word.

Thanks & Regards,

Khushboo Jain