CA CISA Mayur Iyer

1. Implementation of RBI Circulars and guidelines :

• Assisted in implementation of circulars and guidelines issued by RBI such as Fair practice code for lenders- charging of interest dated April 29, 2024, Key fact statements (KFS) for loans and advances April 15, 2024, Guidelines on digital lending dated September 02, 2022 for retail asset products across banks inter-alia including auto, mortgage, personal loan, education loan, consumer finance, FDOD, etc
• Collaborating with controls groups such as IT/ISG, legal team, digital channels teams etc to resolve potential challenges in implementation of the circulars.
• Analysis lending journeys on digital lending applications (DLAs) of the bank and lending service providers for the bank (LSPs) such as paisa bazar, flexmoney, cardekho, flipkart, amazon,etc. to assist the product teams to comply with RBI guidelines and circulars.

2. Closure of RBI observations and supervisory letters :

• Coordination with leadership teams to implement and ensure timely reply and closure for the observations raised by RBI through its regulatory assessment reports (RAR).
• Supporting product teams in revamping its existing lending journeys, developing prototypes for the new journey and ensuring the same is in line with various supervisory letters, show causes and ATRs issued to the Bank.

3. Other assignments:

• Reviewing and approving the loan proposals (50 cr or more) for mortgage loans and personal loans to ensure compliance to regulatory parameters such as end use of fund, Loan to value ratio (LTV), bureau score,etc.
• Coordinated closely with legal counsel to ensure proper interpretation and application of relevant laws pertaining to retail operations.

1. Asset reconstruction company - Policy review :

Assisting in the Policy & SOP review for a leading Asset reconstruction company covering company policies such as Policy on wilful defaulter, Policy on Code of conduct of recovery agents and ensuring the policies are adherent to RBI Master Circular on ARCs -2023, Master Circular on Frauds- Classification and Reporting, etc.

2. Credit information company - Compliance review and ITGC

• Coordination with internal audit team to ensure compliance to review compliance to CIC Act 2005.
• Independently handled the ITGC audit covering areas such as change management, incident management, access controls, backup and disaster recovery management etc,

1. Internal Audits

• Assisted in Internal audit of a leading PMS and AIF company with over 14000+ clients size and 50,000 cr of book.
• Spearheaded audit for an NBFC covering the areas of verification of lending operation , investment operations,interest computation.
• Adherence to SEBI (PMS) Regulations, 2020 , SEBI (AIF) Regulations, 2012 ,Provisions of RBI Regulations and Guidelines for NBFC (NSI- ND) and Companies Act 2013

2. Other Assignments

• Assisted in the statutory audit of leading Ed-tech company.
• Headed audit for an compliance and analytical solution company covering areas of revenue recognition, expense vouching, GST & MSME compliance.
• Assisted the audit team for ensuring adherence to Internal financial controls designed by the management in the form of Risk & Control matrix (RCM), preparation of internal audit reports, quarterly Internal audit committee presentation along with the Action taken report (ATR) for the audit committee.