Lead the Financial Control Unit, monitoring and managing the Country Risk Control Framework for the Balance Sheet Module.
Analytical Review via Sampling and Reasonableness for Balance Sheet and Off Balance Sheet is performed by studying the nature of account, then grouped under materiality, Long aged, abnormal balance, unreconciled to source, trend analysis.
For Account combinations declared at risk or unreconciled to source Provision adequacy are checked. Risks identified are then highlighted in appropriate risk forums.
Monthly Overview of the review done by Team on Inter Company, Nostro, Sundry & Suspense Accounts and Cash Balances at Branches based on Trial Balance, Balance sub
Review of Sub Ledger Vs General Ledger. Understanding the reason for breaks which could be due to system or manual journal entries passed.
Key Control Standard Analysis and Key Risk Indicators, Key Control Indicators are based on Balance Substantiation and Documentation check. Monitoring Exceptions against triggers set. BU Proof of entries that cause exceptions in Provisions between Balance Sheet and Profit & Loss Account.
All Issues are then presented to the Financial and Operational Risk Team headed by the Country CFO.
Based on discussions in that meeting and various other Risk Forums decisions and follow up actions are taken.
Involved in the Change Management, assisting the Leadership Team in analyzing FTE Saves, Process Improvements & High Level Metrics. Steps taken to make the process smooth and faster.