If you are interested in this candidate, please contact Richard Lalchan via email rlalchan@cerfinancial.co.uk or call on 0207 626 6065.

00104629

Interview Notes:

Working with multiple clients at manager level. An FCCA qualified experienced internal audit, risk and controls professional with over 19 years of work experience both within Big 4, Top 10 Practice Firms as well as the Industry including financial services.

Specialisms include: Sox 404 subject matter expert, J Sox implementation experience, Quality Assurance reviews, Internal audit reviews, Key financial control audits and reviews.

Contract ends in June looking perm or contract

Next positions Senior/ Team Leader Auditor

Expected Salary: £60,000 base

PROFILE:

ACCA (UK) Qualified. Experienced Risk & Internal Audit Professional with experience in both Financial Services and Oil & Gas Internal Audit & Controls. Big 4 External Audits.

Risk, Controls and Internal Audit experience within Big 4 & Top 10 Practice, Public Sector and Industry.

Compliance projects on FCPA, FATCA, ISO 9001:2008, SOX 404, and GDPR.

Insurance Audits: Underwriting, Claims, Reinsurance, Lloyds of London Broker Audits

Finance process documentation and review. Experience in entity level controls review.

EDUCATION:

2004: Association of Chartered Certified Accountants (ACCA)

Associate Member of ACCA, UK (1st Time Passes)

BSc (Hons) Applied Accounting - (2:1)

CAREER HISTORY:

October 2022 - Present

Financial services Consultancy

Independent Consultant (Business Risk Services- Internal Audit, Controls and Sox)

• Managing and leading Internal Audits, Sox 404, UK Sox, J-Sox engagements, financial controls review, treasury, quality assurance audits, risk and control review assignments, IT controls review and testing. Key clients worked on include Culligan Plc (Sox 404), Stelrad Plc (Sox 404), Card Factory (Internal Audit/Quality Assurance), ENWL Plc (Internal Audit), Cazoo Plc (IT Controls review), Carclo Plc (Sox-404), Hoshizaki Europe (J-sox). Also worked on IFRS/US GAAP engagements and financial/IT controls documentation, walkthroughs and testing for UK Sox and J-Sox implementation at clients.

Public Sector Company

August 2019 - October 2022

Internal Audit Shared Service

Internal Audit Lead

• Key Audit Reviews (Financial, Operational and IT) as part of the annual internal audit plan including Key financial controls Audit, Budgetary control Audit, Grants Reviews from Scottish Government, Operational Audits and Ad hoc reviews.
• Preparation of Audit reports and presentation of reports and summary findings and recommendations to the Audit and Risk Committee.
• Establishing the risk and controls framework across key areas of SDS and partner organisations.
• Managing a team of three Internal Auditors and reporting to Audit Director.

August 2018 to May 2019

Controls Excellence Ltd

Internal Audit & Sox 404 Controls Consultant - Contract roles

December 2018 - May 2019

Canon UK Ltd (London, UK)

• Sox 404/Internals Controls reviews- Remediation of Control Deficiencies identified by the External Auditors on Entity level Controls, IT Application, IT Dependent Manual and IT General Controls, Manual Controls over Financial Reporting. Risk Management Reviews.

August - October 2018

Bank

Internal Audit & Compliance reviews on data Protection, AML, KYC.

Finance Practice

August 2017 - July 2018

Internal Audit Consultant (Risk Advisory Services)

• Internal Audits & Internal Controls Implementation projects on High Profile clients- National Transport Authority for Ireland, Luceco Plc, Liverpool Hope University, Liverpool John Moores University, Brooks Life Sciences, The State Hospital Glasgow.
• Managing teams, preparing audit plans and work programs, reviewing work papers and preparing internal audit reports. Client Interactions, meetings, walkthroughs, test of controls, reviews.
• Preparing and presenting bid proposals for new client wins for Internal Audit & Advisory work.
• Key Processes Documentation, Preparing risk & control matrixes with key controls identification and testing. Conducting gap analysis around key controls and processes for financial, operational and regulatory processes including data protection and GDPR.

January 2015 - June 2017

Audit Excellence Ltd - Contract Roles

January 2017 to May 2017

Pharmaceutical Company

Internal Audit Manager

• Documentation of key processes and controls within Finance, HR, IT, Procurement
• Walkthrough and Controls Testing of Key Business, Financial and IT controls
• Managing the J-Sox compliance project. Managing two direct reports.

August 2016 - November 2016

Global Investment Bank

Regulatory Reporting Quality Assurance Manager

• Review and validation of transactions, processes and controls across finance including Unsettled Transactions, Forex Risk, Trade Systems, Financial, Statutory and Regulatory Reporting.
• Review and audit of controls around Products- Equities & Derivatives trade capture processing, accounting and reconciliation processes.

December 2015 - June 2016

Energy Company

Internal Controls Senior Analyst

• Month End Financial Reporting for Shell Holdings & Treasury Entity.
• Review and assessment processes and internal controls across the Shell Holdings Finance & Treasury division in Europe. Sox 404 controls testing and attestation.
• Managing a team of three internal control analysts.
• Preparation of internal control evaluation reports and discussions with Senior Management on control evaluation and remediation strategies.

June 2015 - December 2015

International Bank

Internal Audit Manager

• Conducted a number of high-profile audits: Anti money laundering process/controls review, Compliance function audit, Branch network audits, Middle and Back-office process reviews. Finance Process and Accounting Reviews.
• Managed and led a team of 4 auditors: mentoring, coaching, review and feedback.
• Represented Internal Audit at the Quarterly Board and Audit Committee meetings.
• Prepared and managed the annual audit plan and quarterly reporting to the Board and Audit committee.
• Had meetings with the FCA representatives on the control remediation initiatives implemented.

January 2015 - April 2015

Professional Services Company (London, UK)

External Audit Consultant – Banking & Capital Markets

• Evaluating the key financial processes, Transactions and Accounts of clients, assessing the key risks within the processes and the effectiveness of the key controls mitigating the risks from an External Audit Perspective.
• Internal Control Evaluation Projects. Review of controls around equities and derivative products.
• Review of Journal Entries and Financial Statement Close Process.
• Clients: Bank of China, Standard & Poor Rating Services.

October 2012 – November 2014

International Bank

Senior Auditor Internal Audit

• Reviewed, assessed and managed the processes, risks and internal controls in Finance, Operations and Regulatory Reporting.
• Documented key processes, risks and controls. Maintaining a risk and controls register.
• Performed walkthrough and test of controls to assess design and operating effectiveness of the control’s framework.
• Performed Monthly Regulatory Reporting and Reconciliations. Group Consolidation Reviews.

April 2010 - September 2012

Insurance Company

Internal Audit Specialist - Corporate Internal Audit Dept

• Entity level controls review, and preparation of the annual risk based internal audit plan. End to end audit execution from planning, fieldwork and reporting.
• Planned risk-based audits, preparation of scope & audit programs.
• Process reviews and risk-based audit execution across operational and financial areas/processes of CIGNA business units (including process walkthroughs & test of controls) in line with the COSO framework. FSA compliance reviews.
• Insurance specific audits (e.g. Underwriting, Reinsurance, Claims, Solvency 2 reviews) & IT Audits. Compliance projects on FCPA, FATCA, ISO 9001:2008.
• Issued audit reports to provide assurance on the different areas/processes reviewed and highlight control gaps, failures or unmitigated risks identified. Prepared action plans for remediation activity by the business units/departments.
• Conducted Lloyds of London Broker Audits (for Aon, Lonmar, Marsh Insurance) on their claims management, insurance policy sales and BCP, for their claims and insurance policy sales contracts with CIGNA.
• Managed relationships with business stakeholders. Business risk reviews, audit recommendations follow up, and closure of findings with the auditees.
• Reported risks, findings and action plans into the board audit committee and executive management via the head of internal audit.
• Reviewed work papers and audit reports of internal auditors and their annual appraisals.

September 2008 - February 2010

Finance & Audit Consultancy - Contract Roles

Crane Worldwide Logistics Oil Services

Financial Accountant

• Monthly financial & management accounts preparation and analysis.
• Balance sheet account reconciliations. VAT and Tax calculations/returns. Cash/Treasury.

Johnston Carmichael

Audit Senior

• Audit planning, internal control /risk assessment evaluation and executing/finalizing external audits. Audit fieldwork, testing and financial review & analysis of clients.
• Managed audit teams. Reviewed work of teams and preparing final audit reports for Partner review. Mentored and supervised audit associates.

Baker Hughes Oil Services Ltd

Financial Accountant

• Responsible for monthly accounting & reporting and period close process in Hyperion and SAP systems of several statutory entities.
• Oversaw treasury activities, accounting for money market investments. Prepared final accounts/disclosures in line with UK GAAP and IFRS.

January 2005 - August 2008

Professional Services Company

Internal Audit & Sox 404 Executive (Senior) - Risk Advisory Services Dept

• Worked on both Internal Audit and Advisory/ Sox 404 Compliance clients

Major clients worked Included:

• Total Oil (Internal Controls review/Audit)
• Conoco Phillips (Sox 404 audit/Joint-venture Audit)
• Transport for London (Internal Audit)
• Orange (Financial Reporting/IFRS)
• AXA Insurance (Audit/Sox 404)
• Astra Zeneca (Financial Reporting & Sox 404)

Worked on both External Audits & SOX 404 Financial Audit assignments.

Prepared client documentation of key financial/operational processes assessed risks and adequacy of controls. Prepared process narratives, flowcharts, risk control matrices for these processes.

Identified risks in operational and financial/IT processes and assessed the effectiveness of key controls (IT/Financial/Business) to mitigate those risks.

If you are interested in this candidate, please contact Richard Lalchan via email rlalchan@cerfinancial.co.uk or call on 0207 626 6065.

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