Radha Gollapalli
Summary
Highly experienced professional with over 13 years of expertise in Internal Audit functions within the Financial Service Operations (FSO) industry. Having strong background in Control Testing, SOx Testing (specifically in the Investment bank - Derivative product area), Remediation of Control Gaps, and Regulatory Compliance Testing as part of Third Line of Defense (i.e., Internal Audit Team). I have extensive experience in conducting Business Process Audits within the Mortgage Loan Servicing Industry and Investment Banking sector, as well as External Audits of Financial Statements for Hedge Funds, Mutual Funds, and Fund of Funds. Also, skilled in Risk Identification and Assessments, as well as the planning, Risk and Control Matrix (RCM) development, and reporting phases of the Audit process.
Overview
13
13
years of professional experience
Work History
Internal Audit Manager
PricewaterhouseCoopers (PWC)
02.2022 - Current
- Performed Internal Audit (Third Line of Defense) for the Investment Banking Sector process such as Continuity of Business (CoB), Third Party Management (TPM), Regulatory Reporting (ASX), Breach Monitoring, User Entitlement Review, Price Updates and Trade Execution based on client instructions.
- Performed Control Testing for the Financial Service Sector.
- Coaching new staffs and assigning work to staffs and monitoring the deliverable timeliness and quality.
- Experienced in audit engagement planning – determining scope, preparing audit plan, resource allocation, computing budgeted hours, completing internal audits and issues remediation and draft of Internal Audit report.
- Worked on process audits planning, walkthrough, RACM, TOE, TOD, Draft Internal Audit Report for ASL Audit.
- Developing and reviewing audit test programs
- Performing SOx 404 Compliance Testing for Investment Banking Sector covering the financial products such as FX and Swaps.
- Regulatory Issue Validations for Financial Service Sector and Investment Banking Sector.
- Performed gap analysis and assisted with remediation controls to the Product Owners (PO).
- Presenting issues/observations to the management, tracking remediation plans and preparing the audit reports and circulating/communicating it to the Management.
- Experienced in Flowchart documentation for the Investment Banking Sector and Treasury process.
AVP, SoX Testing
Barclays Investment Bank Global
08.2021 - 02.2022
- Experienced in Identification of in scope SoX controls within IB business and conducting walkthrough with product controller.
- Experienced in scope determination, planning and testing of TOD and TOE and control gap remediation process.
- Managed external auditors - KPMG in walkthrough and SoX testing.
- Performed testing of Automated controls with the help of ITAC team.
- Handled the process of reporting the issues during testing and follow up of issues during any system migration.
- Handling end to end SOX testing process for EM rates, FX cash and FX options FX cash controls.
- Performed Internal Audit (Third Line of Defense) for the controls around Investments Trading process.
- Managed EUDA's testing process at Global level.
Senior Internal Auditor
Mr.Cooper
04.2019 - 07.2021
- Performed the background research of the NSM process for the audits (Third Line of Defense) - Flood Insurance, Escrow analysis, Lender placed insurance, Interest of escrow balances and Document administration processes.
- Performed walkthrough with business unit and document the walkthrough process.
- Identify High risk area and check if the testing is performed by First line of defense and second line of defense for those processes.
- Documentation and testing of TOD and TOE.
- Discuss with BU if any issues noted and issues report after communicating the noted deficiencies in controls with BU through email.
- Experienced in creating continues audit file for ISTG team.
- Experienced in coaching new staffs, allocation of work and review.
- Experienced in review of TOE results documented by staffs and contractors.
- Worked on preparation of Preliminary Audit Issue (PAI) and involved in discussion with management about the remediation plan.
- Conducted L1 technical interviews to hire new audit senior/ staffs
Team Lead, Financial Reporting
State Street
10.2018 - 04.2019
- Performed level one reviews on client financial statements, NQs, ensures all regulatory filings are made on time; manages draft and support distribution to all parties.
- Comprehend the scope of services offered to clients and reviews with the team; demonstrate technical expertise; ensure team meets all client deliverables and manages relationships of assigned clients.
- Coordinated the research and resolution of any accounting issue, auditor or client comments.
- Responsible for reviewing staff level work, as needed
- Participated in the resolution of client issues
- Provided coaching and development opportunities to staff.
- Made effective recommendations to hire, discipline, control work and determine promotions.
- Involved in planning and directing the work for the team.
- Involved in monitoring team’s work and taking corrective actions if necessary.
Senior Auditor
Ernst & Young LLP
07.2011 - 06.2018
- Experienced in Statutory auditing of Asset Management or financial services clients in accordance US GAAP, IFRS and EY Global Audit Methodology. Having knowledge on financial reporting requirements, financial instruments and products, hedge funds, mutual funds, internal audit, SOC reports, SOX audit, ICFR.
- Performed walkthrough, test of controls, process reviews and plotting on flowcharts. Compliance to SOX and SOC (Service Organization Control) reporting. Key risk assessment, significant accounts and disclosures testing.
- As per the Internal Audit Team (Third Line of Defense), participating in audit planning, execution, and conclusion meetings. Establishing audit strategy, developing an audit plan and identification of significant class of transactions, risk assessment, what could go wrongs associated to each SCOTS.
- Continuous interaction with fund administrators/fund accountants or service organizations in obtaining required audit data. Interacting and resolving issues identified over the course of audit.
- Participated and lead all aspects of planning, execution and conclusion of the audit.
- Handled the role as a lead senior when more than one senior was involved and ensured that all quality and timeliness aspects were met.
- Effectively organized and lead the discussion between client and administrator.
- Helped colleagues understand client’s needs and expectations in relation to EY and regulatory, ethical, and technical requirements.
- SOC (Service Organization Control) compliance and reporting.
- Involved in providing opinion on the financial performance of the organization (by performing forecasting, financial ratios, and Trend analysis and comparative analysis).
- Managed key components of multiple audit engagements including strategy, risk assessments, planning, control testing, financial statement reviews, documentation of procedures, findings and investigation of results and managing multiple teams.
- Involved in review of design documentation of internal control of entity and perform test of operational effectiveness of internal controls on sample basis as per audit methodology.
- Experienced in investigate all material issues raised by inquiries from professional or regulatory authorities and prepare of high-quality Audit files and Work papers.
- Performed test of controls to evaluate the operating effectiveness of controls over significant classes of transactions (SCOTs) for each relevant financial assertion.
- Experienced in testing of disclosure ASC 820 leveling of investment & ASC 815 derivative disclosure.
- Conducted technical and basic excel trainings for new joiners and on job training to my team members.
- Performed stock count for BDF and Cavincare Company and reported to the core audit team the issued noted.
- Performed walkthrough and testing of controls (Third Line of Defense) for cash and bank reconciliation process of Siemens.
Education
Masters in Commerce (M. Com) - Accounting And Finance
Sikkim Manipal University
Bangalore, India03-2014
Bachelor’s Degree in Commerce - Accounting And Finance
Jyothi Nivas College
Bangalore, India05-2011
Association of Chartered Certified Accountants (ACCA) - Pursuing - Accounting
ACCA
Skills
- Internal Audit
- Control Testing
- Regulatory Audit
- Business Process Audit
- Financial Statements Audit
- Risk Assessment & Process Improvement
- SOx Compliance Testing
- Project and People Management
- Workload Management
- Problem-solving abilities
- Audit Report Preparation
AWARD & RECOGNITIONS
- Received Spot Awards for working hard and above the expectation of the supervisor on multiple clients during the year 2015, 2016 & 2017.
- Received Bravo from the onshore senior manager and manager for working hard and above the expectation of the supervisor on multiple clients during the year 2017.
- Won Highest Utilization award during the busy season
Additional Information
Date of Birth : 28th July, 1991
Nationality : Indian
Gender : Female
Languages known : English, Hindi, Telugu, Kannada, Tamil and German (starter)
Timeline
Internal Audit Manager
PricewaterhouseCoopers (PWC)
02.2022 - Current
AVP, SoX Testing
Barclays Investment Bank Global
08.2021 - 02.2022
Senior Internal Auditor
Mr.Cooper
04.2019 - 07.2021
Team Lead, Financial Reporting
State Street
10.2018 - 04.2019
Senior Auditor
Ernst & Young LLP
07.2011 - 06.2018
Masters in Commerce (M. Com) - Accounting And Finance
Sikkim Manipal University
Bachelor’s Degree in Commerce - Accounting And Finance
Jyothi Nivas College
Association of Chartered Certified Accountants (ACCA) - Pursuing - Accounting
ACCA
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