Kaushal Shah

About Kaushal Shah

Chartered Accountant with 20+ years of experience in Internal Audit, risk management, and governance within global banking institutions. Currently Vice President – Internal Audit with experience across Morgan Stanley, Deutsche Bank, and Nomura, covering investment banking and retail banking operations.Experienced in leading risk-based audit engagements, evaluating control frameworks across front-to-back banking activities, and supporting senior management and regulatory interactions on governance and risk matters.

Experience

1. Vice President Internal Audit

   Morgan Stanley

   Dec 2024 — Present · Mumbai, IN

   Risk-Based Internal Auditing – Leading and executing audits across fixed income, FX, equities, research, investment banking, and capital markets activities. Regulatory & Compliance Oversight – Mapping regulatory circulars and ensuring audit coverage aligned with applicable regulatory requirements and internal policies. Audit Planning & Risk Assessment – Performing risk assessments to support annual audit planning and continuous monitoring activities. Regulatory Engagement – Managing responses to regulatory inspections and participating in interactions with regulators. Stakeholder Management – Conducting regular discussions with business heads and senior management to monitor risks and business developments. Governance & Board Reporting – Preparing presentations and reporting to audit committees and participating in governance meetings. Audit Oversight & Vendor Management – Managing concurrent auditors including appointment, scope finalization, and oversight of deliverables. Process Improvement & Coordination – Proposing centralized monitoring solutions and coordinating across functions such as risk, compliance, operations, and finance.

Education

• University of Mumbai

  Bachelor of Commerce (B.Com.)

• The Institute of Chartered Accountants of India

  Chartered Accountant, Accounting