If you are interested in this candidate, please contact Richard Lalchan via email rlalchan@cerfinancial.co.uk or call on 0207 626 6065.
00329305
PROFILE:
Senior Corporate Governance and Auditing Executive
Multi-faceted corporate governance, internal audit, and risk management expert in high-growth businesses.
UK National. Highly accomplished corporate governance and internal audit expert with extensive experience in auditing, risk management, internal control, project evaluation, business transformation, investigations, policy and procedures, contracts and procurement, financial analysis, and budget control. Solid background and strong knowledge in auditing and governance complemented by ability to develop internal controls and processes in addition to productivity improvements and change management. Tangible expertise across North America, Europe, MENA, and Asia markets. Proven leader equipped with advanced communication and people skills, combined with a flexible and committed approach to audit.
SKILLS:
- Internal Auditing
- Process Improvement / Innovation
- Quality Control
- Strategic Planning & Analysis
- Building and developing audit functions
- Risk Management & Compliance
- Managing internal and external resources
- Business Transformation
CAREER HISTORY:
November 2023 – Present
Banking
SENIOR CONTROLS ASSURANCE MANAGER
Working on the banks brand setting up and delivering the UK Corporate Governance Code and US SOX compliance across all Bank activities, covering financial and application controls.
- Managing a team delivering on control design and testing
- Providing expertise on risk, operation and IT controls, and project management
October 2022 – October 2023
Career Break
July 2021 – July 2022
Banking
HEAD OF INTERNAL AUDIT (Secondment) – ALAWWAL INVEST - Regulator Approved
Reporting to the Chair, Board Audit Committee:
- Conducted and presented a risk assessment, a 3-year strategy and audit plan to the Board and Audit Committee
- Developed a flexible plan to provide audit agility around the business purchase
- Project audit around significant business purchase
- Hiring the initial team of five auditors (total plan 9) including the CIA and data analytics
- Developed standards/policies, and training staff
- Reduced costs
- Significantly reduced outstanding audit issues through active engagement with business heads
January 2019 – June 2021
HEAD OF AUDIT, WHOLESALE BANKING & SPECIAL PROJECTS
Directing the newly formed wholesale banking team for the merged bank (SABB and Alawwal) across dynamic business lines – corporate lending, trade finance, cash management and treasury services.
- Successfully built business/executive relationships
- Developed the audit strategy/plan for the wholesale division
- Developed local audit expertise
- Headed the QA Team (secondment) overseeing the merger including submitting reports to the
- Board’s Merger Sub-Committee
- Seconded to the Credit Risk Review team to provide leadership and audit skills for credit review
- Conducted audits on sensitive special assets and led the (regulator required) audit of credit impaired assets following the merger
September 2018 to 12/2018)
Banking
HEAD OF INTERNAL AUDIT - Regulator (SMF5) Approved
Interim role setting up and delivering an audit service across all Bank activities, particularly trade finance, treasury, and lending and support functions.
- Improved audit methodology and reporting pack to the Audit Committee
- Developed the in-house audit manual, audit plan and hiring of staff
May 2016 – August 2018
Banking
HEAD OF INTERNAL AUDIT - Regulator Approved
Spearheading the group audit function for IT and business audits, and investigations. Lead the strategic direction of the internal audit function based on the company’s strategic plan. Developed and executed a comprehensive risk-based audit plan for evaluating the effectiveness and efficiency of the control environment and contributed to the Bank’s improved management of the significant business and IT risk exposures.
- Key member of the team overseeing the Bank’s IPO
- Created and implemented policies, methodologies, and tactics to facilitate key audits during the period of a major company transformation.
- Appointed as a member of the senior leadership team with additional responsibilities for developing business-critical relationships with the UK as part of the organisation’s corporate social responsibility activities.
- Developed the audit function to comply with IIA standards
- Led the working group to develop first- and second-line risk and control functions
January 2013 – May 2016
Banking
DEPUTY CHIEF INTERNAL AUDITOR
Managed audits and investigations across the retail and corporate bank including treasury, security dealing, and portfolio management. Covered key credit, market, and operational risks and executed advisory work operations including policy reviews, and internal control advice. Employed automated audit system and deficiency management system, continuous quality assurance programme, and provided the annual audit plan.
- Improved reporting to the audit committee and regulators. Led appraisals and training programs for a team of sixteen members and managed recruitment and relationships with the key stakeholders
- Developed and implemented audit policy and methodologies, annual audit planning, and audit engagement management on time and within budget.
2010 - 2013
Risk and Audit Company, London, UK
SENIOR DIRECTOR/CONSULTANT
Provided knowledge leadership on audits of bank risk management and human resources. Executed a wide range of audits, corporate governance reviews, and projects servicing high-quality financial services clients.
- Orchestrated business audits across banking and markets product lines and head office support functions including finance, risk management, compliance, and regulatory reporting.
- Revamped audit department approaches to audit planning including redefining the audit universe and audit entities.
- Directed business audits in derivatives, equities, project management, and remuneration.
- Spearheaded governance and finance projects including cost reporting and reduction.
2007 - 2009
Accountants
SENIOR MANAGER
Orchestrated internal audit and operational risk services to top-tier clients within financial services covering equities, fixed income, wealth management, derivatives, and all middle and back-office risk and supporting functions. Conducted projects covering SAS70, AAF, SOX, and Policy Reviews.
- Delivered subject matter expertise to a US investment banking client to set up an audit function develop corporate governance, conduct audits, and provide training.
2006 - 2007
Financial Services
SENIOR CONSULTANT – CORPORATE GOVERNANCE & INTERNAL AUDIT
Provided consultative services in internal auditing and regulatory compliance to blue-chip clientele. Cultivated quality assurance programme for a European investment banking client for attesting to pricing and valuations.
2001 - 2006
Banking and Wealth Management
HEAD OF INTERNAL AUDIT - Regulator Approved
Directed and steered audit work in equity and fixed income, fund management, corporate finance, and operations for offices across the UK.
- Set up and developed an internal audit function, as well as corporate governance structures including an audit and new products committee.
- Played an influential role in the training and the establishment of an operational risk function.
2001 - 2006
Banking
REGIONAL AUDIT MANAGER (Europe) WHOLESALE AUDIT
Responsible for the management of business and IT audits in all areas of the Wholesale Bank (treasury and capital markets) for NAB London and the four subsidiary Banks within the European Region. A member of the Global Senior Leadership team for Wholesale Audit.
- Set up and developed a successful internal audit team for the UK Wholesale Banking division of NAB, covering key market/credit/operational risks.
- Consistently delivered on annual audit plan
- Led audits of global business lines across Europe, US, Australia, and NZ)
- Led audits of overseas entities in Korea, Taiwan, and Japan
- Provided significant inputs to various committees/ leadership teams including European Audit, Global Wholesale Audit, London Management Team, Project Committees and Technology Committee
- Developed self-assessment programme for the business
Additional professional experience includes various audit and senior finance roles within banking & financial services and commerce and industry.
EDUCATION:
Chartered Institute of Internal Audit
Chartered Internal Auditor (MCIIA)
Chartered Institute of Management Accountants
Chartered Management Accountant (ACMA)
University
MSc (distinction) Finance & Risk Management
University | Business School
MBA (Banking & Finance)
References Available Upon Request
If you are interested in this candidate, please contact Richard Lalchan via email rlalchan@cerfinancial.co.uk or call on 0207 626 6065.
To view other CV's please click here.