Rakesh R. Bag

About Rakesh R. Bag

Dedicated and results-driven Professional with a proven track record of successfully…

Experience

1. Internal Auditor (Financial)

   Finastra

   Nov 2024 — Present · Bengaluru, IN

   Executed comprehensive internal audits across critical business functions, focusing on risk identification, control evaluation, and process improvement. Applied a risk-based approach to assess the effectiveness of internal controls and governance frameworks in alignment with organizational objectives.Key Responsibilities & Achievements:• Developed and executed audit programs including Process Mapping, Sub-Process Reviews, and Risk & Control Matrices (RCMs).• Assessed Inherent and Residual Risks, and evaluated the design and operational effectiveness of internal controls.• Performed walkthroughs and Control Testing (design and operating effectiveness) in areas including Employee Life Cycle Management, Payroll, Taxation, Revenue, Billing, and Regulatory Compliance.• Identified control gaps, inefficiencies, and non-compliance issues; recommended actionable remediation plans.• Prepared detailed Audit Reports, including findings, risk ratings, and management action plans.• Collaborated with process owners and leadership during Opening Meetings, Close-Out Meetings, and Follow-ups to track remediation progress.• Utilized tools such as AuditBoard (for audit workflow and issue tracking), Microsoft Excel (for data analysis), NetSuite (ERP system), Concur (expense auditing), Power BI (for analytics and dashboard reporting), and ServiceNow (for issue tracking and workflow automation).

Education

• Bangalore University

  Master of Business Administration - MBA, Finance

  2019 — 2021

• GLS University

  Bachelor of Commerce - BCom, Advance Accounting and Auditing

  2016 — 2019

• The Aditya Birla Public School

  HSE, Commerce

  2015 — 2016

• University of Toronto - Rotman School of Management

  Executive Education - Rotman Organizational Leadership Program, Organizational Leadership