Aviral Garg

• Began organization's risk function.
• In charge of all choices made within organization regarding degree of risk tolerance.
• Launching New Products / Businesses (Advisory - IA license, International Equity - IFCSA-Gift City, US-SEC license).
• Managing pre-investment due diligence that major investors want. Pitch strategies for business to FPIs and Ultra HNIs.
• Review of PMS and IA product specs and implementation of risk control procedures prior to launch.
• Determining and creating KRIs for Investment and Operation.
• Monitoring Investment committee and discussions, for risk cohesive ecosystem for decision making.
• Managing SEBI investigation and inspection. Keeping organization ready for Regulatory Reviews.
• Responsible Investment framework development and integration in Investment decisions. Handling UNPRI submissions with HOR.
• Establishing framework and managing all errors (trade/operations), frauds, and internal inquiries from beginning to end.
• Holding regular meetings of Board's Risk Committee for All Licenses and Businesses.
• Managing group of risk professionals and carrying out scheduled RCSA.
• Creating and upholding risk management culture through staff training initiatives at all levels.
• Overseeing all interactions, including performance reviews and commercial negotiations, with auditors, insurers, and others.
• In charge of organizing and managing the organization's (PMS, AIF, IA, and SEC) internal & Stat. audits as well as risk reviews.

Milestones and Recognitions

• Exceptional performer (above and beyond) for every year of Job. Granted ESOP in each year of Job.
• Created risk function from ground up.
• Product setting-up with Wealth-desk, Small-case and IBK (IFCAI-GIFT City).
• Established KRIs - Equity Liquidity, Portfolio Rebalancing, Margin of Safety-Equity, Trade Price Sensitivity, Brokers evaluation, Restricted Securities, Redemptions, Trade Desk surveillance, KRA/CKYC etc.
• Leveraging technology/automation for controls. Products like Teramind, Digio, Trello and Netscope.
• Successfully UNPRI Reporting with good rating in first year and Started E-voting for PMS (few in India).

• Preparation of Audit Committees deck for Trust and AMC.
• Designing of Annual Audit Plan and Policy.
• Implementation of Standards of Audit (SIA) for uniformity and quality execution.
• Joint assignments with Prudential Plc. (Singapore) and ICICI Bank (India).
• Managing in-house/ outsourced audit team.
• Responsible for scope finalization, supervising team, observations Crystallization, management discussions and presentation.
• In-charged with all IT audits and regulatory reviews.
• Managed assignment includes Investor Education Program, Dividend Processing, Complaints Management (MF & PMS), Contact Center (SITEL) and Online Customer Engagement (VRM), Centralized Branch Operations, Review of Branch Functions, Secretarial Processes & Outsourcing Processes and Admin Facility Management. Outsourced: Valuation, Fund Accounting & NAV Processes, Data Privacy and Information Security, IT Applications Audit, and SEBI - Cyber Security and Application Review.

Milestones and Recognitions:

• Implementation of Standards on Internal Audit (SIA’s) by preparing Internal Audit manual.
• Promoted from Deputy Manager to Manager in lean period of joining.

• Designing of Annual Audit Plan basis audit universe and risk rated approach. Assisting Audit Head in preparation of 'Audit Committee'
• Carrying-out investigating for Whistle blower, Fraud and internal complaint cases
• Conducting Design evaluation and effectiveness testing of controls to identify issues, writing reports and discussion with Function
• Post review follow-up with auditees for obtaining deliverables and advising departments on controls.
• Preparing Audit documents as per Aegon Global Methodology - Planning Memo, TOR, RCM (RCD) etc.
• Managing outsourced audit service providers.
• Internal Controls evaluation includes (i) Review of Corporate Functions: New Business, Direct Channel, Marketing Expense, Online (e-sales) channel, Outsourcing policy, Discontinuance Fund and Commission payouts. Outsourced: Group Business, Corporate agent inspection, Customer service etc. (ii) Review of Branch Functions: Managing the PAN India branch audits (#90) from Substantiating the areas to be audited, designing of audit checklist, appointing firms and their training. Approver of branch audit reports. (iii) Verifying Daily and Quarterly compliance of FNU (individual & group product) and (iv) Managing Investment Concurrent Audit.

Milestones and Recognitions

• Clearing audit backlog for previous FYs. Compiled audit tracker having all audit issues status and re-assessment.
• Individual performance Award - Star employee for JFM’17 quarter. Promoted from Assistant Manager to Manager w.e.f. April 2018.