ANKUR SHARAN

Location Delhi/NCR

Contact Email : [email protected]

PROFESSIONAL EXPERIENCE

Experienced internal audit leader with 11+ years of expertise in financial services, specializing in risk management, regulatory
compliance and process optimization for banking and lending industry. Proven ability to develop and lead audit strategies, mitigate
risks, and ensure adherence to industry regulations.

Nov’23 - Present Religare Housing Development Finance Ltd – Head Internal Audit Noida

 Provided assurance to the Board and Senior Management on the quality & effectiveness of the internal controls,
risk management and governance related systems & processes and contributed to the overall improvement in
these functional areas, using a systematic and disciplined approach.
 Prepared and presented audit findings, risk assessments and performance updates to senior leadership and the
ACB, ensuring alignment with the company’s strategic goals.
 Spearheaded and streamlined the internal audit process for loan origination and approval, with increasing audit
coverage across business and support functions.
 Developed and led the implementation of a comprehensive internal audit strategy/plan approved by the board
focusing on critical areas like lending, operations, credit risk and financial reporting.
 Ensured transparency and integrity in all internal audit reporting, strengthening the Board’s confidence in audit
findings and compliance efforts.
 Oversaw audits related to lending processes, loan originations, underwriting, collections, and fraud detection.
 Performed overall risk assessments across all the business and support functions to identify key risk and
recommend control improvements to Audit Committee of Board.
 Conducted selective transaction testing, evaluation of the business and operational systems and control
procedures in various areas of credit operations in order to anticipate areas of potential risks and mitigating
such risks.
 Reviewed policies, procedures & practices and evaluation of existence, adequacy and effectiveness of internal
controls with timely identification of system, design gaps / deficiencies in internal controls by adhering to
planned internal audit charter and recommend procedures to mitigate the control gaps.
 Ensured standardization and institutionalization of internal audit procedures and consistent audit approach
across the businesses & product lines and support functions throughout the company.
 Ensured compliance with all regulatory requirements, including RBI and NHB.
 Developed a real-time audit reporting system for concurrent audit that increased the transparency of audit
findings and improved executive decision-making, leading to more pro-active risk management.
 Mentored junior auditors, improving their audit skills and efficiency, which resulted in increase in audit report
accuracy and timeliness.

Aug’20 – Oct’23 HDFC Bank Ltd - Senior Auditor – Internal Audit, North India Delhi

 Analysed financial data to identify current fraud trends, patterns and strategy and compiled information into
reports.
 Ensured timely closure of fraud investigations as well as development of robust investigation process and took
appropriate measures to mitigate fraud risks.
 Lead, planned and executed audits independently and efficiently, including risk assessment, audit planning,
testing, control evaluation, report drafting, follow-up and verification of issue closure to improve the control
environment
 Independently conducting investigations for cases pertaining to Retail Assets product for suspected frauds,
whistle-blower and corruption cases.
 Identified control gaps in processes, procedures and systems through in-depth research, assessment and
suggested methods for improvement
 Keeping abreast with evolving regulatory policies provided by RBI and drive plan, execution and changes based
on the updated policies.
 Took charge of various new projects on fraud deterrents, compliance, internal controls, identification and
remediation of risks, process improvement and other related assignments
 Executed audit testing to ensure audit fieldwork is focused on the right areas and documentation meets high
quality standards.

Aug’17 –Aug’20 The South Indian Bank Ltd. – Inspection & Vigilance Department
India
  Performed end to end independent investigation in cases of Frauds, Attempted Frauds, Whistle-blower, Suspicious
activity, Corruption.
 Independently manage investigations across banking products with focus on large value frauds, staff
accountability study of NPA cases, whistleblower complaints, employee frauds, data leakage incidents, debit
cards fraud etc.
 Implemented fraud control procedures and executed new deterrents to fraud building under vigilance department
of the bank.
 Specialized in fraud investigation related to staff frauds, bribe and corruption.
 Analyzed risk profiling of the branches and developed risk based internal audit (RBIA) reports to be submitted to
Audit Committee of Board of Directors (ACB) & Audit Committee of Executives (ACE)
 Conducted risk assessment and the development of annual audit plan; Developed and discussed findings,
recommendations and time lines for corrective action with responsible officers of operations
 Ensured that all allegations of financial irregularity, fraud and corruption are promptly and fully investigated
 Carried out fraud risk assessments to identify areas specifically vulnerable to fraud and actively engage with
higher management/head office for fraud preventive controls.

Jun’13 – Aug’17 The South Indian Bank Ltd – Credit Analyst/Branch Operations Officer Mumbai / Delhi

 Handled the credit proposals for 48 branches under Delhi region along with a team of 10 members with
approximate credit business of over 30 billion
 Responsible for identifying and monitoring transactions in the accounts as per the PMLA provisions, KYC/AML/CFT
guidelines issued by RBI from time to time and FEMA regulations
 Managed Forex transactions for German Mittelstand companies banking with Deustche Bank with South Indian
bank as the intermediary
 Issued bank guarantees against cash margins to big-ticket Indian clients like NTPC, KPCL and Alstom India
 Issued Letter of Credit (LC) and Bills discounting/financing for Indian clients for their import and export trade
transactions

EDUCATION

2011 - 2013 IBS (ICFAI BUSINESS SCHOOL) - Post Graduate Programme in Management (PGPM) Mumbai
Finance
2007 - 2010 University of Delhi – Bachelor of Sciences (Hons)- Physics Delhi

CERTIFICATIONS EARNED
 Programme on Domestic Enquiries and Disciplinary Actions – National Institute of Bank Management,
Pune - 2019
 Junior Associate from Indian Institute of Banking & Finance – JAIIB
 Certificate Exam in AML-KYC - Indian Institute of Banking & Finance (IIBF)
 Certificate Exam in Customer Service & Banking Standards - IIBF