Randeep Bose
Gurgaon
Summary
With 18+ years of experience in internal risk, audit, and control in the NBFC-MFI/MSME/Retail Loan Lending industry, I offer a wealth of expertise to drive success. My educational background includes an MBA in Finance, AFRM IIM Diploma in Financial Analysis, and certifications in Six Sigma (Advance), RCSA, ERM, ISO31000 Lead, GRC, Risk Management, RBIA, IC Data Analyst, RBI FMR compliance, Fraud Control, and Prevention. Committed to regulatory compliance and effective risk management strategies. Possess strong analytical skills and attention to detail to identify potential risks and develop proactive solutions. Leverage extensive knowledge and skill set to contribute to organizational growth and success.
Overview
17
17
years of professional experience
Work History
Head Risk & Control | Vice President
SV Creditline Limited
02.2024 - Current
- To oversee and manage the portfolio of Rs.1300 Cr. across 320 JLG & Retail branches Risk Management, Internal Audit and Control.
- The team size of 42 RCUs and Auditors are responsible for Risk Based Internal Audit(RBIA) with followed of COSO guidelines.
- The RCU team is primarily responsible to portfolio scanning, investigation and reporting of fraud cases in terms of cash misappropriation, embezzlement, forgery etc.
- Solely responsible for audit and investigation planning, execution, data scrutinies, stratified sampling over risk matrices, balance scorecard.
- Preparation of company level SWOT analysis, Risk modelling undertaken the guidelines of COSO framework.
- Detailed auditing on AML-KYC guidelines, regulatory guidelines follow-up, fraud risk management of RBI etc.
- Depth monitoring of cybersecurity, Data privacy, Password sharing, preventive breach of security etc
- Develop and implementation of credit risk framework for the organizational goals. To strengthen the management for future decision-making in terms of changes in strategies and expansion for businesses.
- Monthly Risk & Auditing Reporting to Management.
- Audit Committee presentation on Quarterly Basis for various parameter like Internal Audit Dashboard, Risk Index Scorecard, RCSA KPI, KRI, operational risk evaluation report etc
- Recruitment and training to Internal Audit, Risk and Investigation for alignment on business objectives etc
- Followed and framed the policy of Fraud Prevention and SCBMF (Special Committee of the Board for Monitoring and Follow-up) for fraud.
- 'Disciplinary Action Committee' for fraud case settlement and process for company level decision
- Collaborated with senior management to develop strategic initiatives and long term goals.
- Demonstrated proficient leadership skills to motivate employees and build competent teams.
- Built high-performance teams through effective recruitment practices focused on competency alignment coupled with ongoing performance management processes.
- Implemented advanced data analytics tools to drive data-driven decision-making across all levels of the organization, leading to better business outcomes.
- Cultivated strong relationships with key stakeholders, including customers, vendors, regulators, and community leaders to promote collaboration and long-term success.
- Ensured regulatory compliance at all times by implementing robust internal controls systems coupled with proactive monitoring mechanisms.
- Led cross-functional teams for the successful completion of major projects, resulting in increased efficiency and client satisfaction.
Assistant General Manager | Vigilance & Fraud Control
IIFL Samasta Limited
08.2023 - 02.2024
- Vigilance and Fraud Control in IGL & Retail Loans for IIFL Samasta
- Thorough investigation and finalization fraud cases
- States managed 7 states – Rajasthan, Gujarat, Madhya Pradesh, Haryana, Punjab, Bihar and Jharkhand
- Total POS 4786 Cr
- Managing 22 Vigilance officers and 4 Regional managers in the state of Rajasthan, Gujarat, MP, Punjab, Haryana, Bihar and Jharkhand
- Attending monthly fraud committee meeting for action taken on fraudster
- Highlights the management on root cause of the incidents and solutions for minimizing the cash misappropriation and behaviour grievances
- Process framework, SOPs, Policy updation
- Review meeting with other departments like IA, Business, Credit and HR
- Recovery Follow up, Cases on legal proceedings etc
Associate Vice President – Internal Audit
Ananya Finance for Inclusive Growth Pvt. Ltd.
08.2021 - 08.2023
- Managing BC/Co lending Operational Internal Audit Function in Ananya Finance
- Direct reporting to Managing Director
- Team Handling of 10 Portfolio Audit Managers located at various region of the country
- Newly started audit for NBFC like Co-lending model, enterprise loan, MSME etc
- Pre audit function, credit risk assessments, KYC verification, CIBIL check, Physical verification of client’s business and reporting involved
- Framework of the 'Internal Audit Department' within the organization
- Evaluation and the primary stage of process development, checklist and questionnaire analysis, tools/templates, testing, and model designing
- In the process for continuous recruitment, training and development and upgrading the technical skills of the auditors
- Understanding the business dependencies and projections of Risk Management culture within the organization
- Testing of the viability, effectiveness, and on-going operational challenges
- Monthly planner and execution for internal audit depend on key focus area, growth trends analysis, MIS analysis, risk assessment etc
- Cost saving approach and keep tracker on expenditure over budget
- The concept like 'Think out of box', 'SWOT', Audit standard and innovative solutions established
- Detailed analysis of internal audit report extracted key risk issues, categories them based on priorities and compliance assurances
- Investigation of fraud, cash misappropriation, follow up on legal matters etc
- Participate in Audit Committee Meeting
- Discussion and presentation of audit report during the period
- Taking the suggestion and implement the same in auditing activity
- Travelling to different partner’s branches and observation the system, analyse the gap, recommendation for improvement in policy etc
- Meeting with MD and other stakeholders for auditing functions and detailed elaborations about audit finding and recommend for further improvements
- Internal audit framework, business and risk analysis, audit template designing, audit process development
- BC Branches Audit Planning, triggering audit criteria, analysis of portfolio data, PAR trends, credit risk on monthly basis
- Complete verification of internal audit report highlighted the observations with High-Risk points and escalated to stakeholders
- Regular follow up of fraud recovery cases, visit the critical cases and action taken etc
- Different report and analysis based on operational and management requirement
- Monthly reporting of Market Risk, Collection Efficiency, peer institutions challenges and outcomes etc
- 100% report review, extraction, and separation of observation under risk categories, discussion and follow up audit compliance and feedback, quarterly discussion with BC partners about branch audit performance etc
Team Leader & State Head – Financial Inclusion (Credit Risk Review)
RBL BANK
12.2017 - 03.2021
- Managing risk review planning and execution for branches (East & Northeast region)
- More than 140+ branches handling with a portfolio of 748 cr
- Branch wise portfolio measurements, credit risk, delinquency trends, disbursement, and leverages patterns etc
- Monthly consolidation of key risk issues and discuss with business team on risk factors and involve on mitigation of risk from branches
- Conducting appropriate market survey before branch opening and providing feedback to operation
- Monthly meeting with reviewer and provide complete training on gaps identified during cross checking of 100% reports
- Responsible for recruitment and complete process on joining formalities
- Visit the high-risk branches in respect of fraud/snatching/robbery etc
- Provide approval on reimbursement, attendance regularization, IT related, annual appraisal etc
- Thorough investigation of information and making an output related to risk penetration
- Report preparation with MS Excel, MS Word, Power Point, Macro etc
- Based on the requirements
- Conduct market survey before opening of branches in any district or area, providing feedback to business team with proper data analysis and risk category
- Regular follow up with industry peer and understand their policies of collection strategy in emergency like covid-19, natural calamities, political influences etc
ASSISTANT MANAGER – INTERNAL CONTROL (EASTERN REGION)
SODEXO GLOBAL SOLUTIONS
07.2015 - 12.2017
- Company Overview: (SODEXO FOOD SOLUTION, SODEXO FACILITY MANAGEMENT AND SODEXO TECHNICAL SOLUTION)
- Quarterly audit plan and execution, cascading the information to operation and management team for audit schedule, guidance the checklist for audit objectives
- Performing audits in area specification like Sales (Monthly Sales Data, Daily Sales Data, Cash & Credit Bills/Invoices, and Bank Deposits etc.)
- Purchase & Procurement (Vendor Contract & Approved Price List, Vendor Delivery Challans, Vendor Invoices, and VAT & Service Tax charged by vendor, Vendor Registration etc.)
- Human Resources (payroll, attendances, incentives, leave records, updating in software, Labour License, Rental Agreements, FSSAI License, Shop & Establishments License etc.)
- Cash Management (Petty Cash & Contract, Vouching, Cash limits etc.) and Site Profitability (P&L & Actual Performance, Budget vs MIS, etc.)
- Detail auditing on Client’s Contract, verification of scope of work, payment terms and clauses, the procedures of monthly billing and invoices, contract validity along with rate revision clauses
- Highlights the observation containing Risk Factors (High, Medium & Low) and provide the recommendation to resolve the issues
- Thorough discussion of audit points to Unit Manager, Operation Manager & State Head
- Preparation of Plan of Action and Recommendation and Rating to Site Score
- Special audits like Inventory, vendor managements, process control, any fraud detection and investigation as per management requirement
- Understanding of Company Levels Controls (CLC) & Process Level Controls (PLC) and conduct Management Testing around the controls as per schedule
- (SODEXO FOOD SOLUTION, SODEXO FACILITY MANAGEMENT AND SODEXO TECHNICAL SOLUTION)
ASSISTANT MANAGER – INTERNAL AUDIT (PAN INDIA)
AMRIT GROUP
01.2012 - 07.2015
- Company Overview: (AMRIT FEEDS LTD, AMRIT HATCHERIS PVT LTD, AMRIT FRESH, AMRIT AGRROVET)
- Internal Audit and Risk assessments in Feeds, Hatcheries, Breeding, Processing Foods (Fresco Polo), Diary (Amrit Fresh), Retails shops, Branches, Depots, and Regional Offices etc
- Audit planning, pre- audit observations and discussions, implementations and team leadership for each assignment
- Purchase Audit, GRN verification, Invoicing and payments audit, Sales & Debtors verification, Age Analysis of Debtors, General Expenses audit etc
- SOP checking and discussion the process of SOP to the auditee and feedback for failure to maintain SOP
- Physical Verification, reconciliation with book stock, finding the difference of excess and shortage of raw materials and finished goods and prepare physical report
- (AMRIT FEEDS LTD, AMRIT HATCHERIS PVT LTD, AMRIT FRESH, AMRIT AGRROVET)
INTERNAL AUDIT (NORTH & CENTRAL INDIA)
SV CREDITLINE PRIVATE LIMTED
04.2010 - 12.2011
- Planning and Execution of MFI Branches located at MP, UP and Rajasthan
- Team Leader of audit support staff
- Process Development for Internal Audit at the primary level by drafting Audit Manual, Audit Checklist, Audit Report Format, Audit Planner and Audit Issues & Compliances Format relevant to MFI SOPs & Management SOPs
- Analysis of audit report review and highlighted the audit issues categorically into High Risk, Medium Risk & Low Risk
- Surprise Audit conducted for branches achieved lower rating in last audit
- Compliance checklist with observation raised
- Surprise Audit consist of centre meeting visit, loan documents verification, KYC documents check, collection record & reconciliation, physical check of cash-in-hand, etc
- Recruitment and Training of qualitative Auditors
- Quarterly audit meeting, discussion of observations and improving auditing standard, finding gap to cover the observation in audit report
- Monthly/Quarterly presentation of audit finding and achievement, highlights the gap, highlight the risk area, recommendation etc
- Quarterly Audit at Regional Office & Corporate of Accounts & Finance, Human Resource, Sales & Operation Department
ASSISTANT MANAGER – INTERNAL AUDIT
BHARAT FINANCIAL INCLUSION LIMITED
04.2008 - 04.2010
- Company Overview: (FORMERLY KNOWN AS SKS MICROFINANCE LIMTED)
- Responsible to handle Audit Team (120 Audit Personnel) for conducting branch audits across the states
- The priority is given for Process & Policies as decided by management in which deep conduction of audit happened and in respect of deviation observed as against lapse of process & policies should focus to management through detailed audit reports
- The audit at risk based associated with many drawbacks such as robbery, theft, fraud etc
- The audit function in this category linked for identification such loopholes where the chances of risk can be minimized
- (FORMERLY KNOWN AS SKS MICROFINANCE LIMTED)
Education
MBA -
ICFAI University
BBA -
ICFAI University
B. Com -
Kolkata University
AFRM Certificate -
IIM Kashipur
Skills
- Coaching and mentoring
- Risk management
- Data analysis
- Performance monitoring
- Team leadership
Accomplishments
· July’2022- Promoted as “Associated Vice President (AVP) from Senior Manager in Ananya Finance
· 2021 - Framework of Internal Audit Department for Ananya Finance.
· 2019 & 2022 – performance appraisal “Champion” & “Star” in RBL Bank.
· 2019- Promoted as Team Leader/State Head from Manager at RBL Bank
Languages
Bengali
English
Hindi
Mobilenumbers
- 9163940312
- 6291222670
Dateofmarriage
08/14/14
Familymembers
Retd. Govt. Employee, Housewife, Housewife, Daughter, Son
Personal Information
- Date of Birth: 03/06/83
- Marital Status: Married
Travelling
All journeys have secret destinations of which the traveler is unaware
Timeline
Head Risk & Control | Vice President
SV Creditline Limited
02.2024 - Current
Assistant General Manager | Vigilance & Fraud Control
IIFL Samasta Limited
08.2023 - 02.2024
Associate Vice President – Internal Audit
Ananya Finance for Inclusive Growth Pvt. Ltd.
08.2021 - 08.2023
Team Leader & State Head – Financial Inclusion (Credit Risk Review)
RBL BANK
12.2017 - 03.2021
ASSISTANT MANAGER – INTERNAL CONTROL (EASTERN REGION)
SODEXO GLOBAL SOLUTIONS
07.2015 - 12.2017
ASSISTANT MANAGER – INTERNAL AUDIT (PAN INDIA)
AMRIT GROUP
01.2012 - 07.2015
INTERNAL AUDIT (NORTH & CENTRAL INDIA)
SV CREDITLINE PRIVATE LIMTED
04.2010 - 12.2011
ASSISTANT MANAGER – INTERNAL AUDIT
BHARAT FINANCIAL INCLUSION LIMITED
04.2008 - 04.2010
BBA -
ICFAI University
B. Com -
Kolkata University
AFRM Certificate -
IIM Kashipur
MBA -
ICFAI University
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