Kapil Pailwan

About Kapil Pailwan

With over two decades of dedicated experience, I\'ve built a career at the intersection of Internal Audit, Governance, Risk, and Compliance (GRC), driven by a passion for strengthening organizational integrity and performance. As a Chartered Accountant, my journey has provided me with invaluable insights across dynamic sectors including BFSI, Insurance, Technology, and Media, culminating in my current role as Chief Audit Executive at Bajaj Allianz General Insurance Company Ltd. – a position where I proudly report directly to the Audit Committee Chairman and the MD & CEO.My core philosophy revolves around fostering a culture of robust control and strategic oversight. I thrive on bringing a systematic, disciplined approach to evaluating and enhancing risk management, control frameworks, and governance processes. This has seen me lead the design and implementation of comprehensive, risk-based internal and IT audit strategies, consistently optimizing internal controls and ensuring steadfast regulatory adherence. I\'m particularly proud of leveraging technology to drive efficiency, including the successful implementation of advanced Audit Management & Risk Governance Tools and Compliance Management Systems.A significant part of my professional satisfaction comes from building and nurturing high-performing teams. I believe in empowering talent, and it\'s been incredibly rewarding to transform audit functions into independent, highly reliable, and respected pillars of an organization. Collaborating closely with Boards, C-Suite executives, and Group leadership, I am adept at translating complex insights into actionable strategies, fostering transparency, and driving critical business objectives.My diverse career path, including impactful tenures at Bajaj Finance Limited, IBM India Pvt. Ltd, Price Waterhouse Coopers, and ICICI Prudential Life Insurance Company, has equipped me with a unique breadth of perspective. I am passionate about leveraging emerging technologies including advanced analytics, artificial intelligence, and automation to enhance audit effectiveness and drive organizational transformation. My recent initiatives include deploying analytics-driven continuous risk monitoring systems and establishing comprehensive cybersecurity governance frameworks that have achieved regulatory certification and enhanced enterprise security posture. I am always keen to connect with fellow leaders and innovators in the GRC and financial services space.

Experience

1. Chief Audit Executive Executive Vice President

   Bajaj General Insurance

   Apr 2024 — Present · Pune, IN

   Leading enterprise-wide audit and governance transformation as Chief Audit Executive, functionally reporting to Audit Committee Chairman and administratively to MD & CEO. Responsible for providing strategic assurance to Senior Management and Board of Directors on effective business conduct aligned with organizational policies and regulatory requirements.Strategic Transformation Leadership - Architected comprehensive risk-based internal audit framework aligned with enterprise-wide risk management strategy, establishing Corporate Audit Services as an independent and reliable organizational function. Successfully transformed traditional compliance-focused approach into strategic business enablement platform that delivers measurable stakeholder value.Technology and Digital Innovation - Spearheaded deployment of advanced Audit Management & Risk Governance Technology platform, creating organization-wide risk and control repository encompassing standard operating procedures, process flows, loss event tracking, and executive dashboards. Led enterprise-wide IT General Control Review and comprehensive Cybersecurity framework implementation, achieving IRDAI certification through strategic partnerships.Governance Excellence and Committee Leadership - Currently serve on key strategic committees including Governance Committee, Whistleblower Committee, Claims Redressal Committee, Change Control Board, Outsourcing Committee, Product Management Committee providing risk and governance expertise across all critical business decisions.People Leadership and Organizational Development - Built and led diverse, high-performing audit team while achieving industry-leading Employee Satisfaction Survey results and maintaining lowest attrition rate. Established mentoring and professional development programs that enhanced team capabilities and accelerated career progression.

Education

• The Institute of Chartered Accountants of India

  Chartered Accountant, Finance and Financial Management Services

  2000 — 2005

• International Organization for Standardization

  ISO 27001:2005 Lead Auditor, Computer and Information Systems Security/Information Assurance

  2008 — 2008

• Brihan Maharashtra College of Commerce

  Bachelor of Commerce (B.Com.), Finance and Financial Management Services

  2000 — 2003

• The Institute of Chartered Accountants of India

  CA, Finance and Financial Management Services

• Harvard Business School

  Executive Leadership Program - Vertex, Strategic Business Transformation

• The Institute of Chartered Accountants of India

  Diploma-Information System Audit (DISA), Information System Audit

  2006 — 2006

• Information Systems Audit and Control Association (ISACA, USA)

  Certified Information Security Auditor (CISA), Computer and Information Systems Security/Information Assurance

  2006 — 2006

• Information Systems Audit and Control Association,

  Certified Information System Manager (CISM), Computer and Information Systems Security/Information Assurance

  2007 — 2007