If you are interested in this candidate, please contact Richard Lalchan via email rlalchan@cerfinancial.co.uk or call on 0207 626 6065.
00355994
PROFILE:
Chartered Accountant and accomplished audit leader with 18+ years of experience across international and UK banking environments. Proven track record of heading and transforming internal audit functions within regulated institutions, ensuring strong governance, risk management, and control effectiveness. Extensive hands-on knowledge of FCA/PRA regulatory requirements, combined with strategic insight into managing audit functions for a large bank. Skilled in reporting to Boards, leading high-impact reviews, influencing executive decision- making, and aligning audit activity with enterprise risk profiles. Committed to upholding professional ethics, regulatory compliance, and continuous assurance improvement.
SKILLS:
- Internal Audit Function Leadership
- Board & Audit Committee Reporting
- Risk-Based Audit Planning & Delivery
- Governance & Internal Control Frameworks
- FCA/PRA Regulatory Compliance
- Stakeholder Management at CEO/Board Level
- Credit, Treasury, Compliance & IT Audit Oversight
- Strategic Risk Assessments & Advisory
- Audit Methodology & Charter Development
- Independent Assurance & Ethical Conduct.
CAREER HISTORY:
August 2025 – Present
Banking
Head of Internal Audit (SMF5)
Senior Manager - Internal Audit (Deputy Head of Internal Audit, UK & Europe) (September 2020 – July 2025)
- Leading the internal audit function for UK and European operations, with full oversight of audit planning, resource allocation, and reporting.
- Developed and implemented risk-based audit plans that aligned with business strategy and
- operational risk profiles.
- Overseeing audits across all bank functions including credit risk, treasury operations,
- regulatory compliance, IT controls, and financial operations.
- Presenting key findings to the Audit Committee and ExCo, providing practical, risk-aligned recommendations.
- Interfacing regularly with the FCA, PRA, BaFin and RBI during inspections and thematic reviews.
- Led updates to internal audit methodology and electronic workpapers to reflect evolving IIA
- Standards.
- Monitoring implementation of audit actions and advised management on strengthening control frameworks.
December 2007 – August 2020
Banking
Manager → Chief Manager → Assistant General Manager
- Directed audits across business-critical areas including finance, retail and private banking,
- IT, risk, and regulatory compliance.
- Delivered independent assurance to senior management and audit committees regarding governance and risk management practices.
- Participated in policy development and charter revision for the internal audit function.
- Led enterprise-wide risk reviews and aligned audit strategy with regulatory expectations and internal control objectives.
- Collaborated closely with external auditors and internal compliance teams to ensure cohesive audit coverage.
October 2006 – November 2007
Diversified Natural Resources Sector
Associate Manager
- Conducted risk-based audits and implemented fraud prevention controls in a commercially complex environment.
- Supported early-stage implementation of audit automation and electronic documentation procedures.
October 2003 – September 2006
Chartered Accountants
Audit Trainee
EDUCATION:
- Associate Chartered Accountant (ACA) – ICAI – 2006
- Diploma in Information System Audit (ICAI) – 2008
- Bachelor of Commerce – Rajasthan University – 2002
- Certified Associate of Indian Institute of Banking & Finance (CAIIB) – 2010
- Diplomas in Customer Service & Trade Finance (IIBF) – 2012
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.
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