Risk Management Internal Audit
Resume:
Narendhar Kumar, ACA
(AUDIT EXPERT / QUALITY SPECIALIST / RISK ADVISOR)
Bahria Enclave, Islamabad, Pakistan
Mobile: +92-333-*******
E-mail: *****.*******@*****.***
linkedin.com/in/narendhar-kumar-aca-63711616
Date of Birth: 11-July-1985
Dynamic and results-oriented professional with extensive experience in auditing, risk management, internal controls and financial analysis within diverse organizational settings. Recognized for delivering impeccable assessments of the adequacy and effectiveness of internal control systems. Possessing a thorough understanding of regulatory frameworks, expertise in auditing methodologies including IIA Standards, and International Financial Reporting Standards (IFRSs).
KEY SKILLS
KEY ACCOMPLISHMENTS
− Proven track record of success in auditing and risk management within the financial services industry, particularly in microfinance institutions.
− Led the team in the successful implementation of an e-audit system (audit management software) within the project timelines achieving automation and optimization of the audit processes.
− Effectively spearheaded the department in executing External Quality Assessment (EQA) in accordance with IIA Standards, resulting in the attainment of "General Conformance" status from UAE-IAA.
− Achieved increased efficiency and effectiveness in internal controls and mitigated risks by delivering impactful audit findings.
− Recommending cost-effective and rational internal controls, ensuring comprehensive protection of company’s assets against various forms of losses.
− Exceptional communication and interpersonal abilities with the capacity to build strong working relationships across departments.
− Drive development of audit processes improvements.
− Successfully trained staff in planning, execution, reporting and follow-up on risk assessment and audits while providing on the job training.
Audit Expertise Quality Assurance
Specialist
Thorough knowledge of
Regulatory Frameworks
Leadership Skills Excellent Communication
Skills
Strong analytical skills
Problem Solving Skills IT Audit Knowledge Proficient in Data Analysis
Effective Project
Management
Team Collaboration and
Management
Risk Assessment and Risk
Analysis
Risk Advisory /
Consultancy
Financial Analysis Process improvement and
automation
Internal Control reviews Stakeholder Relations Special Investigations / Reviews
Policy/Procedures
Development / Review
Governance Review Continuous Learning
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EDUCATION
Chartered Accountancy (CA), Institute of Chartered Accountants of Pakistan (ICAP)
B.Com, University of Karachi
PROFESSIONAL EXPERIENCE
Ignite National Technology Fund (October 2024 to date) Chief Internal Auditor
Ignite National technology Fund operates under Ministry of Information Technology and Telecommunication (MOITT) of Government of Pakistan. Roles and Responsibilities
− Lead the internal audit function, ensuring adherence to professional standards of IIA and regulatory requirements.
− Develop and execute risk-based audit plans aligned with organizational objectives and risk exposure.
− Provide strategic recommendations to senior management and the Audit Committee on internal controls, risk management, and governance.
− Oversee audits across financial, operational, and compliance domains to ensure accountability and efficiency.
− Foster a culture of transparency and ethical practices across the organization.
− Facilitate coordination with the Commercial Auditor for their audits and provide support to management during various meetings with commercial auditors for resolution of observations.
− Ensure follow-up on issues identified by internal auditors and commercial audits, ensuring timely implementation of corrective actions.
− Manage a team of auditors, providing training and mentorship to maintain high performance standards. U Microfinance Bank, Pakistan (April 2017 – October 2024) Senior Vice President (SVP) – Deputy Chief Internal Auditor U Microfinance Bank Limited is a wholly owned subsidiary of Pakistan Telecommunication Company Limited
(PTCL) which is part of Etisalat Group (E&).
Roles and Responsibilities
− Participating in Audit Committee Meetings and assisting Chief Internal Auditor in preparation of audit committee working papers including preparation of minutes of the audit committee meetings.
− Formulate and present a strategy / annual risk-based audit plan.
− Responsible for the management and delivery of business and operational processes audits including branchless banking / digital audits to ensure business risks are recognized and appropriately managed before the Bank is adversely affected.
− Responsible for Internal Quality Assessment function within internal audit department as per quality assurance and improvement program of IIA.
− Review and assess the nature and adequacy of financial processes and internal controls in line with internationally accepted standards and control frameworks.
− Lead the implementation and monitoring of the branch, management and branchless banking / digital audit plan and provide monthly updates to the CIA on progress and outcome of audits in the Bank.
− Coordinating with the Management to get the assigned engagements finalized and final audit reports issued. Page 3 of 4
− Ensuring effective follow up on the open observations as per timelines provided by the management.
− Reviewing and maintaining audit working papers in compliance with IIA Standards.
− Responsible for supporting and managing the staffing function (human capital) required for audit with key role in the recruitment and selection, performance management and staff development. Telenor Microfinance Bank Limited (April 2012 – March 2017) Head of Branchless Banking Audit & Special Projects Roles and Responsibilities:
− Carried out audit assignment of Valyou Sdn. Bhd. in Malaysia on the request of Group Internal Audit in October 2016.
− Carrying out internal assessment of internal audit department as per quality assurance and improvement program of IIA.
− Successfully Led the department in executing External Quality Assessment (EQA) in accordance with IIA Standards and Group Policies & Procedures.
− Supervising branch and branchless banking audit teams for planning, executing, and finalizing assignments in accordance with IIA standards.
− Assisting Head of Internal Audit in preparation of audit committee working papers including preparation of minutes of the audit committee meetings.
− Carrying out internal assessment of internal audit department as per quality assurance and improvement program of IIA.
− Preparing annual audit plan on the basis of risk assessment.
− Coordinating with Branch Management, Head Office Management, and Head of Internal Audit to get the assigned engagements finalized and to issue the final audit reports.
− Prepared risk based audit rating methodology.
− Following up the open observations as per timeline provided by the management. Rah-e-Najat Community Development Centre (September 2011 – January 2012) Accounts Supervisor
Roles and Responsibilities:
− Supervising projects with respect to the financial matters.
− Preparing interim and year-end financial statements.
− Preparing reports for donors as per their specifications.
− Preparing Bank Reconciliations.
− Processing monthly salaries of the employees.
KPMG Taseer Hadi & Co. Chartered Accountants (March 2007 – January 2011) Audit Senior
Roles and Responsibilities:
− Planning, execution and review of statutory & financial audits, limited reviews and other assignments of reputable multi-national & local organizations.
− Assessing risks and internal controls by identifying areas of non-compliance; evaluating manual and automated financial processes; identifying process weaknesses and inefficiencies.
− Application of International Financial Reporting Standards, International Accounting Standards, Companies Ordinance, 1984, and other local statutes.
− Review of foreign reporting in accordance with the instructions of the Group Auditors. Page 4 of 4
− Review of Compliance with Code of Corporate Governance in case of listed clients.
− Preparation of Management Letter, Board letter and other deliverables.
− Ensuring quality of service to the clients and assuring their satisfaction to the services provided. The most significant corporate clients that have contributed to my professional growth included: Banking and Financial Institution
• Standard Chartered Bank Pakistan Limited
• Standard Chartered Leasing Limited
• Standard Chartered Modaraba
• Pakistan Income Enhancement Fund
• Pakistan International Element Islamic Fund
• Elixir Securities Pakistan (Private) Limited
• Pak Iran Joint Investment Company Limited
Manufacturing/Trading Companies
• Engro Chemical Pakistan Limited
• James Finlay Limited – Pakistan Branch
PROFESSIONAL CERTIFICATION & COURSES
− Technology Assurance Certificate, 2023
− Computer Practical Training (CCPT)
− Awarded “Extraordinary Ability” Award by U Microfinance Bank Limited in 2023.
− Awarded “Trainer award for the year 2015” by Telenor Microfinance Bank Limited.
− User level knowledge of audit documentation tool Vector and E Audit and data analysis tool “IDEA”.
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