Chetan Dhanotiya

About Chetan Dhanotiya

With over 11 years of progressive experience in Internal Audit, Risk Management, and…

Experience

1. Senior Audit Executive

   IDFC FIRST Bank

   Feb 2023 — Present · Indore, IN

   Key Responsibilities:*1. Audit Planning: Develop annual audit plans, risk assessments, and scope documents.2. Audit Execution: Lead and manage audit teams, conduct risk-based audits, and evaluate control effectiveness.3. Audit Reporting: Prepare and present audit reports to management, audit committees, and regulators.4. Risk Assessment: Identify, assess, and report on operational, financial, and compliance risks.5. Control Evaluation: Assess design and operating effectiveness of internal controls.6. Process Improvement: Recommend enhancements to processes, policies, and procedures.7. Regulatory Compliance: Ensure adherence to banking regulations, laws, and standards.8. Team Management: Supervise, mentor, and develop audit staff.9. Stakeholder Engagement: Foster relationships with management, regulators, and external auditors.10. Quality Assurance: Monitor and ensure audit quality, adherence to professional standards.*Specific Tasks:*1. Conduct financial and operational audits2. Assess anti-money laundering (AML) and know-your-customer (KYC) compliance.3. Analyze operational & Financial risks 4. Review internal controls, policies, and procedures.5. Identify and report on audit findings, recommendations.6. Track and verify implementation of audit recommendations.7. Collaborate with external auditors, regulators.*Skills and Knowledge:*1. Professional certifications2. Strong knowledge of banking regulations, laws.3. Auditing standards (GAAP).4. Risk management, internal controls.5. Financial analysis, accounting.6. Leadership, communication, interpersonal skills.7. Banking software (Flexcube, Finnacle, TCS)8. Data analytics, data visualization.*Deliverables:*1. High-quality audit reports.2. Effective risk management.3. Improved internal controls.4. Enhanced regulatory compliance.5. Process improvements.6. Trained and developed audit staff.7. Strong stakeholder relationships.

Education

• The Institute of Chartered Accountants of India

  BCom - Bachelor of Commerce