KALPESH KISHORKUMAR BHAVSAR

JK IRIS, F-****, Vinay Nagar, Mira Road (East), Thane-401107, Maharashtra, India Email: ad0rs8@r.postjobfree.com, Mobile: (M) +919********* LinkedIn: - http://linkedin.com/in/kalpesh-bhavsar-71116024 OBJETIVE

With over 10 years of experience in leading banks and financial institution like HDFC Bank, Axis Bank, Yes Bank, Bajaj Finance and Credit Suisse, i am result oriented risk and compliance professional who is skilled in identifying and evaluating potential risk to an organization’s operations and ensuring that the organizations is fully compliant with industry standards and regulatory requirements.

Skills / Professional strength

• Control testing and assurance

• End to end process risk review of business unit/product

• Operational risk incident analysis

• Root cause analysis

• Risk control self-assessment (RCSA)

• Product and process approval management (PPAC)

• Monitoring quantitative risk appetite

• Maintenance and updating KRI in centralized tool

• Audit issue reporting and governance

EXPERIENCE

Operational Risk Specialist- AVP

Credit Suisse (Jul 2022 till date)

o Conducted periodic risk assessments by performing the design and operating effectiveness testing to identify control gaps and lapses.

o Documentation of the design & Operating effectiveness of controls tested and highlighting the issues observed during review

o Prepare detailed reports on issues and make recommendations to improve processes and controls o Workpaper and testing result to be uploaded on centralized platform for review and signoff by the supervisor o Performing the Risk Control Self-Assessment review and challenge for the specific entities/division o In-charge of annual recalibration and monthly monitoring. Propose and get approved at governance, interim changes driven by changes to internal and external business environment o Track and provide assurance around self-identified issues and audit findings. Socialize themes emerging from the reviews to prevent recurrence through functional Governance meetings o Preparation of materials for submission to various Governance forums for Management decisions and monitoring on the risk profiles of the division/business

SOX Compliance and Internal Financial Control-AVP

HDFC Bank Limited (April 2021- May 2022)

o Conduct field audits of businesses to ensure compliance with various regulatory provisions or other statutory requirements

o Examine accounting records from the SOX and Internal Control review perspective o Prepare detailed reports on audit findings and make recommendations to improve establishment's accounting and management practices

o Prepare risk and control library for the controls identified during review for the purpose of testing o Scoping of applications for coverage in ITGC framework under SOX o Perform remediation testing for the gaps highlighted in the process and close the observations Operational Risk and Internal Financial Control- Senior Manager YES Bank Limited (September 2018- March 2021)

o Maintaining the Key Risk Indicators (KRIs) for the units on monthly basis o Performing the Root Cause Analysis (RCAs) for the events/issues reported by the units and those identified during RCSA reviews

o Managing the Product and Process approval process. Quarterly submission to Board for list of new products and processes launched in the organization

o Submission to RBI for New Products & processes launched during the year o Documenting the events reported by the business units on monthly basis in the system and tacking of booking Operational Risk Loss (OR Loss) in GL

o Testing of automated controls of core banking applications like interest calculations, penalties, NPA identification

& maker checker controls etc.

o Perform the walkthroughs of the processes, to evaluate transactions are processed as per approved internal processes, policies and regulatory guidelines or not and preparation of risk and control matrix o Perform Risk and Control Self Assessments (RCSAs) for evaluating the Operating Effectiveness (TOE) of the controls documented in risk library and creating the work papers for future records o Follow up with the units for building the requisite controls in the process and closure of events which are open Internal Financial Control- Manager

Bajaj Finance Limited (July 2016- September 2018)

o Conduct walkthroughs of the processes to evaluate transactions are processed as per approved internal processes, policies and regulatory guidelines or not and preparation of risk and control matrix o Documenting SOPs for the business and functions processes reviewed for internal reference and training purpose o Hands on expertise on review of business functions like SMEs, corporate finance, project finance, retail assets & liabilities, mortgage loans and support functions like finance & accounts, human resource, infrastructure o Read and review financial statements and accompanying notes and controls at various process level with respect auditing and accounting standards

o Performing analytical reviews on data extraction from the system and preventing loss of revenue leakages wherever possible (e.g., Interest income, financial charges, penalties etc.) o Interacting with external auditors for smooth completion of Internal Control and statutory audits o Implementation of testing tool for centralized repository of documentation and processes whereby reducing human dependencies

Internal Financial Control-Deputy Manager

Axis Bank Limited (October 2014- January 2016)

o Conduct walkthroughs of the processes to evaluate transactions are processed as per approved internal processes, policies and regulatory guidelines or not and preparation of risk and control matrix o Performing the Test of effectiveness testing (TOE) for controls assigned for review o Documenting SOPs for the business and functions processes reviewed for internal reference and training purpose Account Manager

Vaishnavi Hydraulics Private Limited (January 2013- September 2014) o Preparing and maintaining necessary stock records to track the inward / outward movement of goods; conducting stock verification / reconciliation at regular intervals o Prepare the financial statements in line with statutory guidelines EDUCATION

Chartered Accountant

The Institute of Chartered Accountants of India, (January 2013) Bachelor in Commerce

University of Mumbai, India (March 2007)

REFERENCES

Available Upon Request

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