Risk consultant

Jayesh Borude

+91-981**-***** ********@*****.*** Mumbai, India

https://www.linkedin.com/in/jayesh-borude/

PROFILE

Experienced professional currently working as a risk consultant in a reputed Big 4 consulting firm. Graduated in Petroleum Engineering, obtained post-graduation in MBA-financial services and having a profound oil & gas industry experience prior to MBA. The mix of consulting and industrial knowledge qualifies for an intrinsic understanding of all the key segments of the client’s business along with the advantage of having worked both across India and Saudi Arabia. Adept in both operational and financial audits. Able to deliver high-quality engagement work within the timelines with limited supervision. Awarded with promotion twice within 10 and 12 months consecutively in former appraisal cycles, ahead of schedule by 12 months for demonstrating strong performance and hard work to meet the organisation’s objectives. Proven technical proficiency in MS-office, Power-BI, IDEA, SAP-ERP.

CORE COMPETENCIES

Risk Consulting

Internal Audit

Internal Controls

Risk analysis

Oil & Gas industry knowledge

(Upstream, mid-stream, downstream, Unconventional)

Financial & Operational audit

Enterprise Risk Management (ERM)

Data analysis

EXPERIENCE

KPMG Assurance and Consulting LLP Mumbai, Jun 2018 - Present

Assistant Manager, Advisory - Risk Consulting (Apr 2020 - Present)

Performed internal audit of gas sourcing, statutory compliance, Health Safety Environment (HSE) and security process for Mumbai city gas distribution company, Mahanagar Gas Limited.

Assessed completeness and adequacy of existing operational and financial controls and identified missing controls to address key business risks for International Supply and Trade (IST) processes (i.e. crude trading, product trading, coal trading, LNG trading, chartering and shipping operations). Developed comprehensive Risk & Control Matrix (RCM) which strengthened the control environment by 40% for Nayara Energy Limited, India's 2nd largest single-site refinery.

Assisted in drafting technical and commercial proposals for internal audit, Enterprise Risk Management, Internal Financial Control engagements with an emphasis on winning the projects and enhancing the firm’s reputation. Completed the risk requirements and compliance activities for mentioned engagements.

Supervised internal audit and IFC engagement of Bharat Gears Limited, one of the largest automobile gear manufacturing company in India. Identified automation opportunities for the order to cash, procure to pay and inventory processes which resulted in an increase in control automation from 15% to 53% of total controls.

Actively developed, mentored and coached team members.

Consultant, Advisory - Risk Consulting (Apr 2019 - Mar 2020)

Performed internal audit in operation and maintenance, loading and unloading, storage and transportation for National Gas and Industrialization Company (GASCO), the sole distributor of LPG in the Kingdom of Saudi Arabia. Delivered high-quality engagement work within timelines and presented internal audit findings and recommendations to the audit committee.

Led a 5-member team for IFC engagement for Nayara Energy Limited. Reviewed existing IFC framework, identified gaps and improvement opportunities, performed Test of Design (TOD), Test of Effectiveness (TOE) of process controls in the areas including crude, product, coal and LNG trading, economic planning & supply (EPS), insurance and HR and payroll. Identified control automation and helped the organization to implement the usage of system functionality in order to upgrade from manual controls to automated controls. Achieved an increase in automated controls from 12% to 19% of total controls which led to higher efficiency in the organization’s processes and improved the control framework and cost optimization.

Reviewed Engineering Procurement and Construction (EPC) contracts for a refinery’s revamp project. Highlighted the issue of awarding the contract to non-competitive vendor leading to single vendor dependency. The Company established vendor discovery and pricing process as per the recommendations shared.

Carried out internal audit for fixed assets and order to cash for Associated Capsule Group (ACG), one of the largest pharmaceutical equipment manufacturers in India. This audit influenced the management to implement centralization and de-centralization activities across all the plants.

Associate Consultant, Advisory - Risk Consulting (Jun 2018 - Mar 2019)

Conducted internal audit of non-hydrocarbon inventory, insurance, security and hydrocarbon inventory (crude oil terminal operations, mass balancing and products dispatch) for Bharat Oman Refineries Limited (BORL). Made recommendations for process improvements based on report findings.

Tested IFC controls in HR, order to cash, procure to pay, inventory, fixed assets and operations for BORL.

Identified gaps and improvement opportunities, performed Test of Design (TOD), Test of Effectiveness (TOE) of process controls in areas including retail operations, oil movement, product dispatch, economic planning and supply, revenue domestic and coal movement.

Collaborated with the team and assisted the audit supervisor in documentation and audit reporting.

Performed special audits on ad hoc basis.

Essar Oil Limited West Bengal, Jul 2012 - Jul 2016

Deputy Manager, Production Engineering

Production analysis and project planning for continuous performance improvement and operating efficiency of Coal Bed Methane (CBM).

Daily monitoring of field performance basis gas well production, failure analysis of artificial lift system or prime movers, workover operations and preventive maintenance activities. Responsible for production monitoring of 35% of the total operating wells in the CBM Raniganj field. Continuous monitoring and strategic planning led to an increase in the field production by 55%.

Developed an advanced MS excel based dashboard which became crucial for daily field performance monitoring and MIS reporting.

Generation of reservoir well profile, production forecasting and field development planning by reservoir simulation (COMET and Monte Carlo software) and trend analysis.

Member of the multi-disciplinary team formed and headed by the COO and the project director. The team members were selected among 8 departments and 70+ professionals based on holistic field knowledge and domain expertise.

Additional responsibilities included procurement planning of capital assets, resource management and inventory control. Actively participated in the capital and operating budget planning meetings.

Trained and developed new team members in production and reservoir engineering functions.

Received GEM (Going Extra Mile) award for engineering a solution to defer workover operation by approximately 10-12 months by installing progressive cavity pumps in the wells after analysing the productivity index, sand influx, quality of hydrofracturing job and well profile.

INTERNSHIP

Mentes Capital Bangalore, May 2017 - Jun 2017 Managed portfolio of clients through fundamental analysis. Provided relevant financial recommendations to clients through the analysis of market movements (technical analysis) and supported business development and client servicing teams. Finally submitted a report on pricing and trading strategies of futures & options.

Oil and Natural Gas Corporation Limited (ONGC) Vadodara, Jun 2011 - Jul 2011

Conducted petrophysical evaluation and reservoir characterization of cores from the exploratory wells of the western offshore basin.

EDUCATION

Post Graduate Diploma in Management (PGDM) in Financial Services 2016 - 2018

K J Somaiya Institute of Management Studies and Research (KJSIMR)

Bachelor of Technology (B Tech) in Petroleum Engineering 2008 - 2012

Rajiv Gandhi Institute of Petroleum Technology (RGIPT)

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