SWAKSHAR BASU
Singapore
Summary
Dynamic Risk Manager and Finance professional offering 15+ years’ experience across multiple disciplines including Risk management, internal audit and controls, Accounting and Financial Reporting in Fund Admin and Professional services. Vastly experienced in evaluating internal controls and assessing compliance with internal policies. Currently employed with Revantage Asia Pacific, a Blackstone Company as AVP, Enterprise Risk Manager, leading ERM and acting as a SME on risk to all Business functions. Proven strengths in building and maintaining relationships with diverse range of stakeholders in dynamic, fast-paced settings.
Overview
18
18
years of professional experience
Work History
Associate Vice President, Enterprise Risk Management
Revantage Asia Pacific, a Blackstone Company
08.2020 - Current
- Identify risks, assess and evaluate, report risks and incidents to Risk Committee and all senior stakeholders
- Laid down foundations of ERM via formulation of effective policies, governance structure and consistent application of ERM framework to ensure a robust mechanism in place to report and manage risks across the enterprise
- Used risk analysis tools, mitigation strategies and management approaches in consistent fashion with different departments.
- Collaborate with various Functional Heads to perform scenario analysis, perform regular risk assessment workshops and decide appropriate risk mitigations
- Monitor and analyse efficiency of planned risk treatment and ensure it supports strategic alignment.
- Prepare executive presentations for risk leadership at various forums, committees, and management meetings to help drive agenda and deliverables.
- Prepare board papers, leverage on data from RCSA tool to report risks and produce risk dashboards
- Perform risk horizon scan to check for any emerging risk that may be closely interconnected and relevant to business and escalate to senior leadership team if necessary
- Applied subject matter expertise and industry knowledge to provide independent oversight to operational risk management activities.
- Share best practices, organise risk workshops, recruit and conduct trainings for onboarding of new joiners
- Perform current state assessment on high risk process areas and engaging with stakeholders
- Manage Business Continuity Management Program and oversee incident response and crisis management for non-cyber events.
Financial Accountant- Business Finance and Operations (FFB)
Qatar Petroleum (state Owned Petroleum Company)
01.2017 - 07.2020
- Prepared annual financial statements and coordinated statutory audit in accordance with IFRS
- Reviewed complex sale agreements, lease agreement, pricing structure and determined appropriate accounting treatment and disclosure in accordance with requirements of IFRS 9, 15 & 16
- Performed regular review of month-end closing, schedules, journals and analytical review of balance sheet
- Tracked business revenue and expenditures and reconciled accounts to maintain high accuracy.
- Detailed review of voyage charter and cargo costs captured in SAP and differences reconciled via cargo cost P&L run
- Prepared monthly margin reconciliation reports including commentaries showing net margin analysis (profitability)
- Controlled company expenses with skilled financial forecasting of no of cargo sold, volume, average debt turnover metrics.
- Monitored actual spending against allocated budget and prepared cost optimization reports. Reported savings of approx 1.2M to the Board
- Automated daily cash forecast report and monitoring of daily liquidity position, managed weekly rolling forecast to ensure optimum availability of funds
- Investigated daily variances and corrected errors to resolve discrepancies.
- Risk Management- developed risk universe, performed risk assessment & logged in risk register
- Prepared quarterly board packs and annual financial performance results for board meetings.
Senior Risk and Controls Analyst
Qatar Petroleum for Sale of Petroleum Products
08.2011 - 12.2016
- Established Risk function and developed organisation’s risk management framework in line with ISO31000
- Acted as subject matter expert and conducted risk assessment in financial, (credit, liquidity, fraud) operational, strategic & compliance risks
- Developed risk matrix and worked extensively with Executive Directors to conduct risk assessment exercise, align with strategy, monitor risk response and report key risks to Risk Committee
- Managed and placed cargo insurance policies including clause review, responses to renewal questionnaires and premium negotiations
- Automated tender invitation process
- Performed control self-assessment matrix (CSA) on all key business processes including receivables, invoicing, procurement payables and payment, reconciliations, credit risk, access controls, contract management and pricing
- Verified operating effectiveness of selected controls and reported gaps to management with recommendations on process improvement/ automation
- Validated customer master records and key bank fields
- Assessed fraud risks on customer payment and collection
- Facilitated Business continuity and Disaster Recovery and reported any major crisis/ risks to Risk Management Committee (RMC)
- Major issues captured and reported for periodic monitoring and Committee endorsements
- Monitored key business risks and established risk management procedures
- As Audit Interface, tracked status of audit actions in monthly Audit Status meetings.
Senior Associate/Assistant Manager of Audit and Compliance
PricewaterhouseCoopers LLP, Singapore
01.2007 - 07.2011
- Worked independently in an Internal Audit engagement for a major US MNC in Singapore
- Led Special engagement on Agreed upon Procedures (AUP) and reported to PwC, USA
- Highlighted key control weaknesses and provided effective suggestions that were agreed and implemented. Key responsibilities included billing and cost overrun negotiations
- Performed Control self-assessment verification audits for a Polyclinic based on MAC (Minimum Acceptable controls)
- As a key team member in an overseas engagement for a leading Travel Agency client, identified key risks and control gaps in Human Resource process and reported control weaknesses with effective recommendations
- Successfully led and completed an audit engagement for a retail business client involving full scope audit on all key Processes (Procure to Pay, Order to Cash, Record to Report, HR & Payroll, Inventory and Sales)
- Conducted audit planning, risk assessment, fieldwork and audit report
- Performed SOX control testing on selected entity level controls (ELC’s) as per management’s instructions
- Achieved successful completion in accordance with Company Guidelines and reported gaps in the report to implement
- Led an audit engagement as Team-in-charge for Post-Graduate Coursework Programme for 4 Schools of local university
- Conducted testing utilisation of grants received from EDB and approval conducted in accordance with authority matrix
- Played role of a team member assisting the Team-in-charge in performing statutory audit of a large manufacturing Company
- Achieved timely completion of the assigned tasks (Revenue recognition testing, G&A expenses)
- Ensured financial integrity and compliance to accounting standards & company policies
- As Team-in-charge in the statutory audit of one of the listed entities of a large European Insurance Broker, audited slightly challenging areas of Financial Statements, monitored progress & managed engagement. Successfully completed the statutory reporting within tight timelines
- Worked as a key team member for a leading semiconductor in statutory reporting based on Inter-office audit instructions. Key responsibilities included understanding and evaluating key processes, detailed analysis of Operating expenses and perform independent testing over management’s computation to determine reasonableness.
Education
CPA -
CPA Australia
01.2010
M.Com -
University of Queensland
Australia01.2006
B.Com (Hons) - Accounting And Finance
St Xavier’s College
Kolkata, India01.2003
Skills
- Risk assessment
- Enterprise Risk Management
- Risk Analysis
- Internal Audit
- Risk and Controls assessment
- Business Engagement
- Strong interpersonal and communication
- Meticulous and self-motivated
Languages
English
Bilingual or Proficient (C2)
Bengali
Bilingual or Proficient (C2)
Hindi
Upper intermediate (B2)
Timeline
Associate Vice President, Enterprise Risk Management
Revantage Asia Pacific, a Blackstone Company
08.2020 - Current
Financial Accountant- Business Finance and Operations (FFB)
Qatar Petroleum (state Owned Petroleum Company)
01.2017 - 07.2020
Senior Risk and Controls Analyst
Qatar Petroleum for Sale of Petroleum Products
08.2011 - 12.2016
Senior Associate/Assistant Manager of Audit and Compliance
PricewaterhouseCoopers LLP, Singapore
01.2007 - 07.2011
CPA -
CPA Australia
M.Com -
University of Queensland
B.Com (Hons) - Accounting And Finance
St Xavier’s College
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