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

00029669

Interview Notes:

An internal audit /internal controls specialist, with more than 20 years of progressive and extensive experience gained within professional practice and financial services.

He has managed and delivered audits in the following and related areas: Financial crime (Money Laundry, Antibribery and Corruption, Sanctions). IT General Controls (ITGCs), Cyber Security, Operational Resilience and Treasury.

Next position sought: Internal Audit Manager

Salary expectation: £80,000 base

PROFESSIONAL STATUS: ACCA

EDUCATION: BSc, MA, MBA, Affiliate Member, Chartered Institute of Internal Auditors (CIIA) 2010 Master of Business Administration (MBA), Oxford Brookes Business School

COMPUTER SKILLS: Proficient in MS Office (Word, Excel, Visio, PowerPoint)

CURRENT POSITION: Senior Auditor

KEY SKILLS AND ATTRIBUTES:

• Outstanding business process skills, with the ability to identify, assess and document risks, controls processes.
• Enthusiasm, energy, and drive to succeed.
• Well-developed teaming skills
• Stakeholder management and influencing skills.

CAREER HISTOTRY:

• Internal Audit /Internal Controls Specialist, with more than 20 years of progressive and extensive experience gained within professional practice and financial services.
• Managed and delivered audits in the following and related areas: Financial crime (Money Laundry, Antibribery and Corruption, Sanctions). IT General Controls (ITGCs), Cyber Security, Operational Resilience and Treasury.

FEBRUARY 2023 - DATE

INTERNATIONAL BANK LONDON

SENIOR AUDITOR

• Organise and manage audit assignments across different areas of the business, ensuring they are performed in accordance with established methodologies and auditing standards.

Key activities:

- Identify business process risks.

- Determine the scope and areas of focus.

- Develop testing approaches to evaluate the adequacy of controls.

- Allocate and review work of junior auditors and provide feedback.

- Ensure proper documentation of audit work.

- Develop recommendations and reports based on audit findings.

- Work with the management to resolve issues identified through audit findings.

• Improve the Internal Audit Department work practices, procedures and standards.
• Build strong, collaborative work relationships with departments and individuals of all levels including senior management.
• Produce internal audit reporting to senior management and the Management Committee
• Assist the Head of Audit with annual audit planning.
• Assist with Head Office reporting.

OCTOBER 2021 – FEBRUARY 2023

INTERNATIONAL BANK

SENIOR AUDITOR

• Manage and deliver operational and financial audits, ensuring they are delivered on time, to budget and quality, specifically:

- Plan (arrange and participate in meetings, develop terms of reference, audit programme development)

- Assess the design and operational effectiveness of internal controls.

- Agree audit finding findings with the Head of Internal Audit

- Agree findings with the audited entity.

- Draft audit reports, agree with and collate management response from auditees and finalise report.

• Follow - up management actions implementation status with the business.
• Produce management information for presentation at the Audit Committee
• Contribute to the improvement of the department’s working practices:
• Initiated and drafted the Internal Audit Charter
• Drafted the Internal Audit Manual including templates.
• Undertake any other tasks as requested by the Head of Audit

AUGUST 2019 – SEPTEMBER 2021

INSURANCE COMPANY

SENIOR AUDITOR

• Lead roles in the planning and delivery of Operational (e.g., placements, delegated authority), Regulatory and Financial audits, making use of data analytics where applicable and ITGCs (IT General Controls). Recent examples include Branch Audits Employee Benefits, Cyber Security Insurance, Sanctions Screening, Senior Management and Certification Regime.
• Draft and agree audit findings and remediation plans with key business partners.
• Supervise the adequacy and timely completion of remediation plans.
• Input into the 2021 audit planning by gathering relevant information from past audits.
• Wrote an internal audit training manual as part of an effort to improve the Internal Audit function practices.
• Conceived and initiated a Knowledge Sharing Forum for auditors to meet and share experiences on completed and inflight projects, thereby enabling us to learn from each other.

JANUARY 2015 – MARCH 2019

FINANCIAL SERVICES COMPANY

SENIOR CONSULTANT / ASSISTANT MANAGER: GOVERNANCE, RISK AND CONTROLS

• Led the planning and delivery of a range of audits (including team management) for banking and capital market clients. Examples included:

- Interest rate risk (IRR) audit for Aldermore Bank

- Front-Office Leasing / Credit / and Compliance/AML for Scania Finance GB finance. This involved assessing the internal controls within the underwriting process.

- Individual Liquidity Adequacy Assessment (ILAA) audit for Allied Irish Bank

- Regulatory liquidity management for a major European investment bank

• Completed a six-month secondment at Citibank London, where I provided subject matter support on a number high of profile treasury internal and liquidity reporting audits.
• Planned and managed External Quality Assessments (EQAs) for a range of clients including and L&G Insurance, Bank of China, Nationwide Building Society, Ford Finance Europe
• Designed and produced an audit execution manual for Ford Finance Europe

MAY 2011 - JANUARY 2015

SAME COMPANY AS ABOVE

SENIOR CONSULTANT - TREASURY ADVISORY

Worked on a range of client projects including the following internal audit projects:

• Managed the delivery of several treasury internal audits covering areas such as hedging, FX, and back-office processes, including payments, margin management, maintenance of bank accounts, confirmations, settlements, reconciliations and reporting.
• Developed COSO based internal control frameworks as tools to use by the team when conducting internal / internal audit work. These frameworks included treasury governance, front office, back office, trading, foreign exchange, interest rates risk, credit risk and anti-money laundry.

JUNE 2010 – OCTOBER 2010

FINTEC, LONDON

TREASURY CONSULTANT

Designed, mapped, and documented the treasury policies and controls, participated in the search and selection of a treasury management system and advised client on different cash management options.

JUNE 2008 – OCTOBER 2009

CONSUMER GOODS ASSISTANT TREASURY MANAGER

• Provided leadership and workflow management (review and control) to a team of four treasury analysts. The team was responsible for currency management, ($600 million per month) and cash / liquidity management for 19 EMEA subsidiaries.
• Ensured the robustness of the cash and liquidity control environment such as making sure all investment and borrowing decisions were carried out within established policy guidelines.
• Participated in a global SAP implementation project by scoping of the treasury aspects of the project.

JULY 2006 – JUNE 2008

LENDER

TREASURY MANAGER / SENIOR ACCOUNTANT

• Responsible for the effective planning, delivery, and control of the Treasury function, providing leadership and workflow management support to a team of 4 direct reports to enable delivery of an excellent service.
• Streamlined and improved the following processes: Cash and Liquidity; on-line banking thereby increasing the efficiency of payments and cash forecasting; Automated Direct Debits and Cancellation Service (ADDACS), resulting to a time savings of more than 1 hour per day and fall in customer complaints.

DECEMBER 2004 – JULY 2006

HEWLETT PACKARD

SENIOR TREASURY ANALYST

Overall responsibility for the operational rigour and control environment of EMEA cash and liquidity management:

• Coordinated month and year- end activities to ensure full integrity of accounting data.
• Reviewed and documented all treasury service centre processes and controls.
• Trained new hires in respect of treasury operations.
• Coordinated and managed quarterly treasury operational reviews
• Played a leading role in the implementation of a global cash & liquidity / investment performance metrics project.
• Contributed to the management of HP’s SOX 404 implementation programme.

SEPTEMBER 2000 – DECEMBER 2004

HEWLETT PACKARD

TREASURY ANALYST

Responsible for the overall daily cash management of a portfolio of entities. Activities included:

• Cash reconciliations and follow up with banks for issues resolution.
• Cash management: transfer of funds from receivables accounts, funding payables accounts, invested surplus cash and drawing down on facilities where applicable.
• Taking part in quarterly treasury reviews
• Periodic analysis to understand the cash generation and depletion trends re my portfolio of entities. This would enable more accurate cash forecasting.

JULY 1994 - SEPTEMBER 2000:

• Various finance and non-finance roles Studying for ACCA (part time)

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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