Prashu Goyal

PRASHU GOYAL (CA, B. Com, FRM-L1) Internal Audits | Internal Controls | Risk Management Phone: -, - Email:- Profile Summary Ensured that audit objectives were met while gathering and documenting sufficient evidence to support audit conclusion; communicated written audit results in a timely, comprehensive, and clear manner Successfully coordinated multiple audit projects, including issue identification and execution of corrective action plans in accordance with regulatory and departmental guidelines Expertise in auditing and gauging the effectiveness of corporate policies, procedures, and standards by which an organization’s financial, operational, and informational processes are managed Experienced in identifying & mitigating risk, providing advisory & insights on risk management, conducting risk & control assessments & identifying impediments in the achievement of risk objectives of the organization. Expert in analyzing risk appetite and implementing measures to contain risk within the appetite Enhanced organizational processes through initiatives geared towards lowering risk, heightening productivity, improving internal controls & increasing profitability Identified risks, proposed & monitored action to be taken by the board & senior executives; delivered presentations on risk, audit, control effectiveness & efficiency to various stakeholders and Internal Audit Senior management. Mining data from primary and secondary sources, then reorganizing said data in a format that can be easily used for sampling and further numerical analysis during audit. Experience in data exploration and eventually look to find trends or relationships in the data that could bring value to business. Career Timeline Yes Bank, Gurgaon -) JP Morgan, Bengaluru -) Goldman Sachs, Bengaluru (Since 2020) Work Experience Since Apr’20 with Goldman Sachs, Bengaluru Senior Analyst (Apr’20 - Dec’21) Associate (Dec’21 - Current) Key Result Areas: Oversee and assist in coordinating Internal audit projects as components of the Internal audit plan, special management  request, advisory work and various follow-up activities on open issues/ findings/ observations.  Lead technical discussion with stakeholders and lend analytical capabilities, root cause analysis and practical solution delivery.  Perform the internal audit assignments as per the Audit plan and identify the business processes mapping, relevant risks & controls associated with it.  Perform the design assessment & operational effectiveness of the list of identified control for the relevant Business processes. Effectively liaised with senior management for discussing internal audit findings & recommendations and ensure sufficient  corrective actions.  Managing complete planning and management activities for ensuring completion of various types of audits within the time and cost parameters  Document the results of audit, including the internal control weakness and/ or improvement opportunities via detailed issue logs & executive summaries.  Prepared monthly/ quarterly review summary report and presented to stakeholders.  Evaluating the audit reports before issuance; collaborating with the senior/top management on audit issues. conveying the risk involved and discussions on process/system improvements required. Feb’19-Apr’20 with JP Morgan Chase Bank, Bengaluru Senior Analyst in Risk Management Function Highlights:  Independently performing assurance reviews over regulatory reports and various processes to ensure completeness, accuracy and compliance with regulatory instructions for the Asset & Wealth Management (AWM) line of business. Analyzing various risks in the processes in the bank like reporting mismatches, Regulatory compliances, legal implications,  operational lapses etc. Performed control testing and proposed recommendation to strengthen internal controls.  Prepared risk-based testing plan including risk assessment of various units and various processes of the bank.   Track the implementation/delivery of the agreed issues and action plans for the audits assigned, understanding the key risks arising, provide advice on resolution of issues to auditees/action plan owners and escalate audit findings that remain unresolved  Participated in ad-hoc review for MRA closure requested by senior management. Nov’16-Oct’18 with Yes Bank, Gurgaon Deputy Manager in Internal Audit Department Highlights:  Independently performed & managed internal audits of various process e.g. Anti-money laundering (AML) monitoring, deceased’s accounts settlement, direct banking, deliverables operations, review of large cash & monitoring transactions and various other process at the branches as per approved risk based internal audit plan.  Involved in the Secretarial audit covering areas e.g. ROC compliances, compliances of Companies Act, 2013, provisions w.r.t Insider trading etc. Involved in the Financial management audit covering areas e.g. leasehold accounting, compliances related to fixed assets and  impairment of assets, central procurement unit, disclosures of the financial statement etc. Involved in Direct Banking audit covering areas e.g. reconciliation and settlement process, verification of invoicing and billing  w.r.t payments made to vendor, verification of term sheets & agreements for the Corporates availing Captive BNA services, reviewing the reporting compliances to RBI, review of BNA profitability basis CASA acquisition.  Successfully implemented Objective Rating Model (ORM) for the branch audits to analyze the audit rating of branches.  Analyzing various risks in the processes in the bank like revenue leakages, Anti Money Laundering cases, Regulatory compliances, legal implications, RBI guidelines etc.  Prepared annual risk-based audit plan including risk assessment of entities and quarterly branch audit plans.  Reviewed product and policy before they were being approved and rolled out for implementation.  Drafting the reports on the results of audit examination including recommendation for improvement. 2016: 2017: 2016: Chartered Accountant (May, 2016) from ICAI, India along with AIR-36 in CA-Final FRM (Level-1) from GARP B. Com from University of Rajasthan Professional Trainee Experience       Adapt at conducting Internal audit of Health Industry, Manufacturing Industry, Service Industry e.g. Apollo Hospitals, Nilkamal Ltd, RICO Auto Industries Ltd, Fitness First India Private Ltd. Adapt at conducting Statutory Audit of Public Sector Unit, education industry e.g., Bharat Sanchar Nigam Ltd (BSNL), Delhi Public School (DPS). Involved in assisting an infrastructure and development companies in Indian accounting standards (IND AS) convergence project. The role involved in identifying critical GAAP differences, preparing summary reports on the impact of IND AS on the company, helping the client in preparing IND AS financial and reviewing the same. Exposure to Concurrent audit of Punjab national bank. Pivotal in preparation and e-filing of Income Tax Returns for Companies, individual, Partnership Firms and Individuals. Compliance of TDS provisions, Service tax related matters of various companies. Personal Details Date of Birth: 11th May, 1995 Languages Known: English, Hindi Address: A-337, Jawahar Nagar, Bharatpur, (Raj.), 321001