CA Sanjay Jain

Operations Associate

Mira Bhayandar, Maharashtra, India10 yrs 8 mos experience

Key Highlights

Expert in digital banking compliance and regulatory audits.
Proven track record in process improvement and risk management.
Experience with international audit assignments across multiple countries.

Stackforce AI infers this person is a seasoned Internal Audit professional with expertise in Banking and Compliance sectors.

Contact

Skills

Core Skills

Digital Banking ComplianceRisk ManagementInternal AuditRegulatory AdherenceCompliance & GovernanceRisk-based AuditsRegulatory Compliance

Other Skills

Microsoft ExcelAuditingInternal ControlsFreightExternal AuditsFinancial AuditsRisk control matrixRCMRisk Control Self Assessment (RCSA)CashbackDebit cardMobile BankingNet bankingPeople ManagementOracle Flexcube

About

Experienced audit professional with expertise in digital product audits, process improvement, and compliance reviews across banking and corporate sectors. Skilled in driving operational efficiency and ensuring regulatory adherence through robust audit practices. HDFC Bank Limited - Digital Product and Operations Audit. -Auditing ATMs, Debit/credit cards, Mobile banking, Net banking, Debit card cashback, FFMC, Bill Pay, Record management and vendor systems to ensure compliance and operational excellence. Kotak Mahindra Bank -Process Improvement Specialist -Specialized in auditing Thematic KYC (FATCA, FATF, CKYC, REKYC), asset repossession, and profit allocation reviews. BDO India LLP- International Business Process Reviewer. -Reviewed business processes for UPL subsidiaries in Ghana, Cameroon, Russia, and Brazil. Mahajan Aibara & Associates LLP - (Audit Intern) -Conducted revenue, procurement, freight, and compliance audits, including international assignments. Key Assignments. Worked with industry leaders like Pidilite, UPL, Amul, Astral Pipes, and IFFCO.

Experience

10 yrs 8 mos

Total Experience

2 yrs 9 mos

Average Tenure

2 yrs 6 mos

Current Experience

Hdfc bank

Senior Manager

Nov 2023 – Present · 2 yrs 6 mos · Mumbai, Maharashtra, India · On-site

Digital Products Audit | Risk & Compliance | HDFC Bank Limited
Audit professional with strong expertise in digital banking compliance, regulatory reporting, and internal control reviews, currently working in HDFC Bank’s Digital Products Audit function. Skilled in ensuring adherence to RBI guidelines, Risk-Based Supervision (RBS) indicators, tranche reporting, and internal governance frameworks across digital channels.
Key Focus Areas
Vendor Audits: Compliance reviews and on-site evaluations of finance/service vendors per RBI vendor management guidelines, SLAs, and contracts.
ATM Audits: Verification of ATM operations, transaction processing, and replenishment controls in line with RBI norms.
Mobile Banking Compliance: Review of mobile, SMS, and WhatsApp banking journeys to ensure alignment with RBI e-banking guidelines, NPCI circulars, and customer communication standards.
Product Compliance: Ensuring debit cards, credit cards, internet banking, and UEBT conform to RBI security and product governance requirements.
Regulatory Reporting: Oversight of RBI/NPCI-SEWA submissions for downtime, fraud, payments data, and grievance redressal.
Record Management: Validation of archival, retrieval, and destruction processes per RBI retention rules.
Marketing Compliance: Review of cashback/reward offers for transparency and adherence to fair practice codes.
Intermediaries Certification: Pre–go-live certification of digital journeys per RBI norms and reconciliation standards.
FFMC Review: Assessment of FEMA, RBI, and AML compliance.
Internal Coordination: Engagement with business, IT, and security teams to maintain operational risk, cyber security, KYC/AML, and grievance compliance.

Microsoft ExcelAuditingDigital Banking ComplianceRisk Management

Kotak mahindra bank

Manager

Sep 2022 – Nov 2023 · 1 yr 2 mos · Goregaon, Maharashtra, India · Hybrid

Corporate Functions Audit | Internal Audit | Kotak Mahindra Bank
Experienced Internal Audit professional specializing in auditing key corporate functions at Kotak Mahindra Bank. Proficient in executing in-depth audits of Corporate Salary, Funds Transfer Pricing (FTP), Thematic KYC (including FATCA, FATF, CKYC, REKYC, PAN validation), Reconstruction Division, and vendor management. Successfully identified significant revenue leakages and critical non-compliance issues with RBI regulations, enabling timely remediation and strengthening internal controls. Skilled at risk assessment, regulatory adherence, and process improvements to enhance governance, operational efficiency, and mitigate financial risks.

Microsoft ExcelInternal ControlsInternal AuditRegulatory Adherence

Bdo in india

Associate

Apr 2021 – Oct 2022 · 1 yr 6 mos · Goregaon, Maharashtra, India · Hybrid

Internal Auditor – BDO India LLP
Reporting to: Associate Director / Associate Partner (based on client)
Team Handling: Supervised 1–3 trainees
Independently executed internal audits for international subsidiaries of a Fortune 500 agrochemical company, covering operations in Ghana, Cameroon, Russia, Brazil, and Bulgaria.
Handled full audit lifecycle — planning, fieldwork, issue validation, and report finalization — in alignment with global internal control frameworks and local regulations.
Interfaced with client leadership for walkthroughs, control testing, root cause analysis, and closure of high-risk observations.
Key Internal Audit Areas & Checks:
Procure-to-Pay (P2P): Vendor onboarding, PO approvals, GRN matching, invoice validation, duplicate payment testing.
Order-to-Cash (O2C): Credit control, sales order processing, revenue recognition, overdue receivable monitoring.
Inventory: Physical verification, movement tracking, slow-moving stock analysis, access controls.
Fixed Assets: Capitalization vs expense review, asset tagging, physical verification, depreciation checks.
Compliance & Governance: DoA adherence, anti-bribery controls, related party transactions, and statutory compliance reviews.
Effectively led small teams and ensured timely delivery of reports with actionable recommendations and stakeholder alignment.

Microsoft ExcelFreightInternal AuditCompliance & Governance

Mahajan & aibara

2 roles

Senior Analyst

Nov 2018 – Oct 2020 · 1 yr 11 mos

Senior Analyst – Mahajan & Aibara
Reporting to: Manager
Client Profile: Leading Indian Conglomerates & Fortune 500 FMCG Company
Independently executed risk-based internal audits across diverse business processes and geographies.
Conducted detailed reviews of sales promotions, plant operations, tax compliance, export freight, and CNF operations, ensuring adherence to internal controls and regulatory standards.
Performed primary and secondary freight audits, evaluating freight rate adherence, route planning efficiency, and vendor contracts.
Led a three-month deputation audit in Dubai for IFFCO Group, covering procurement, finance, and statutory compliance.
Reviewed high-spend sales promotion schemes for a Fortune 500 FMCG company, validating end-use effectiveness, distributor claims, and marketing ROI.
Engaged in end-to-end audit lifecycle — planning, execution, client discussions, and finalization of action plans.

Microsoft ExcelInternal ControlsRisk-Based AuditsRegulatory Compliance