NEHALI UPASHAM
Mumbai
Summary
Results-driven Internal Audit Manager with 13 years of experience in risk management, internal controls, and audit execution in the financial services and insurance sectors. Specializes in leading UK & Ireland wealth management audits, ensuring compliance with regulatory standards, and delivering actionable insights. Demonstrated ability to effectively lead audit teams and cultivate strong stakeholder relationships.
Overview
13
13
years of professional experience
Work History
Internal Audit Manager
Marsh & McLennan
05.2022 - Current
- Lead comprehensive internal audits for Marsh McLennan global offices, focusing on operational efficiency, regulatory compliance, and control environment enhancements.
- Developed detailed audit plans, scope, and methodologies aligned with organizational risk appetite and industry standards.
- Conducted risk assessments, control evaluations, and process reviews, identifying key areas for improvement and risk mitigation.
- Authored detailed audit reports summarizing findings, recommendations, and management responses, ensuring clarity and actionable insights.
- Collaborated with senior management and stakeholders to communicate audit results, monitor remediation efforts, and ensure continuous improvement.
- Supervised and mentored staff auditors, fostering professional development and ensuring high-quality audit deliverables.
- Ensured compliance with UK & Ireland regulatory frameworks, including FCA regulations, and maintained up-to-date knowledge of industry standards.
- Consistently met and exceeded staff auditor role expectations by demonstrating leadership, technical expertise, and effective communication skills.
- Contributed to the enhancement of audit methodologies and adoption of automation tools, increasing audit efficiency and coverage.
Deputy Manager- Internal Audit Finance Process and Assurance
WNS
03.2020 - 04.2022
- SOX testing and reporting for Treasury Investment Operations, Payroll and Benefits, Lease Accounting Operations, Accounts Payable for US based Insurance Firm.
- My Profile includes conducting Walkthrough Testing for Test of Design effectiveness of a control. Gaining an end to end understanding of the Process.
- Following Sampling methodology and requesting sample information requests in order to conduct Test of Effectiveness testing of the control.
- Reporting the General Manager SOX department with issues or frauds observed while testing the control.
- Updating the documents like Risk Control Matrix, Walkthrough Flows, Lead sheets of testing, Sample evidences, etc.
- 19 May 2022
UBS C&ORC Group SOX Office (AO GIA)
05.2017 - 10.2019
- SOX302
- Key inputs for quarterly and year end certification
- Monitoring sign off progress
- Implementation and Testing of the new SOX302 Tool
- ORI/Event SOX Assessment
- Identification of ORI to be assessed by Group SOX Office
- Identification of Significant Financial and Non-Financial events to be assessed by Group SOX Office Assessment of ORIs
- KPCI Change Governance
- Review and Validation of all SOX Control Change Requests including assessment of impact on the SOX Population to ensure no gaps are created
- Reconciliation of SOX Control Population and communications to the Internal and External Stakeholders
- IUC
- Review and Validation of all SOX IUC change requests
- Resolution of issues raised by IMT for value added changes to the IUC Population
- IMT Testing
- Maintenance of IMT Issue log for self-identified and IMT raised control issues which feeds into the SOX 404 committee deck.
- GIA Business Support:-
- MIS reporting on Access rights, Training Hours Compliance, Inconsistent Hours on projects SOP prepared for various process of Onboarding, Visitor Management, Conducting Trainings.
- Standardisation exercise of DRP for APAC and EMEA
- Scheduling Audits, Travel Management
- Actual Onboarding process pre and post
- Managing and executing Townhalls, Seminars, Trainings for team
- Handling the Support mail box queries
Sr. Associate Internal Audit
SS&C Globeop Financial Services Pvt. Ltd.
07.2015 - 05.2017
- SOC compliance, SOX compliance, NAV reviews, Assurance Audit and Risk Advisory Reviews.
- Depository Services review, HR Department review, AML assurance review conducted
Sr. Associate Internal Audit
ANB Consulting Services Pvt. Ltd.
09.2014 - 06.2015
- Internal Audit carried out for Tata Teleservices Ltd
- Payroll payment, Advances & Reimbursement of Expenses - Travel & Other employee reimbursements audit
- Approval of New Recruits, Employee Master Data - Documents to be collected and safeguard of the same
- Additional payouts, reimbursement of travel and other claims. Including communication between Circle and Corporate
- Inputs for payroll processing (Deductions) – Advance recoverable, TDS, other deductions in Salary
- Reconciliation of Salary file Vs. Financial records, Full & Final settlement process for employees (Accuracy, Timeliness & Completeness)
- Process of tracking, monitoring and addressing employee grievances
- Adherence to Statutory requirements (PF, EPS –Employee pension scheme, ESI, Gratuity etc.)
- Reimbursement of Allowances (Fixed & Actual) – Telephone (Mobile & land Line), Data Card, Medical, Petrol, etc.
Internal Auditor
Axis Risk Consulting Services Pvt. Ltd.
06.2012 - 09.2014
- Internal Audit carried out for ICICI prudential, Dalmia Bharat Sugar Industries Limited Sugar, Monsanto India Ltd, SKF India Ltd, Cleatrip, RDC Concrete, Meru cabs, Nike.
- SOP review carried out for Capital First, Suncorp and GlaxoSmithKline.
- GRC uploading carried out for SKF India Ltd.
- SOX carried out for GE Energy Financial Services.
- Key roles on Internal Audit, SOP compliance, data analytics, Risk analytics, GRC, SOX and Statutory Compliance.
- The Internal Audit conducted includes areas such as order to cash review, manufacturing operations, project audit, FCPA compliance review, marketing schemes review , Statutory Compliance review, procurement review, travel and living expense review, accounts payable review, call center operations review, Revenue audit, vendor screening review, statutory compliance review, fraud investigation, Risk Analysis etc.
Education
M.B.A. -
Prin. L.N. Welingkar's Institute of Management
Matunga, Mumbai02.2018
M.Com - undefined
R.A. Podar college of Commerce and economics
Matunga, Mumbai08.2014
B.Com - undefined
R.A. Podar college of Commerce and economics
Matunga, Mumbai04.2012
HSC - Commerce Stream
R.A. Podar College of Commerce & Economics
Matunga, Mumbai03.2009
SSC - undefined
St. Paul's Convent High School
Parel, Mumbai03.2007
Skills
- Efficiently demonstrated my leadership and multi-tasking capabilities during several projects as a team lead
- Acquired an ability to deal with difficult situations with resilient attitude
- Good Business process understanding because of Internal Audit work experience
- Audit planning
- Internal controls
- Data analytics
- Application of AI tool in Internal Audit Practices
Hobbies and Interests
A strong urge to contribute for the benefit of the society has led to my active participation in NSS unit of college for events such as Blood donation camps, tree-plantation camps, anti-ragging, fund collection for education of the poor and orphanage/ physically handicapped, etc. Received a Best NSS volunteer Junior college for the same by Late Mr. Hemant Kirkire, Participated and won many inter-school and inter- collegiate singing competitions, drama competitions, debates, etc., Enjoy travelling across different cities for my projects and on holiday trips with friends and family.
Accomplishments
- Contributed to the knowledge portal of the company for development of Internal Audit standards which helped in delineating the basic principles that represent the practice of internal auditing, providing a framework for performing and promoting a broad range of value-added internal auditing and also to establish the basis for the evaluation of internal audit performance, thus to foster improved organizational processes and operations. Received insta-cheers for the same from partner.
- Carried out R & D which resulted in bringing new business opportunities for the company.
Timeline
Internal Audit Manager
Marsh & McLennan
05.2022 - Current
Deputy Manager- Internal Audit Finance Process and Assurance
WNS
03.2020 - 04.2022
UBS C&ORC Group SOX Office (AO GIA)
05.2017 - 10.2019
Sr. Associate Internal Audit
SS&C Globeop Financial Services Pvt. Ltd.
07.2015 - 05.2017
Sr. Associate Internal Audit
ANB Consulting Services Pvt. Ltd.
09.2014 - 06.2015
Internal Auditor
Axis Risk Consulting Services Pvt. Ltd.
06.2012 - 09.2014
M.Com - undefined
R.A. Podar college of Commerce and economics
B.Com - undefined
R.A. Podar college of Commerce and economics
HSC - Commerce Stream
R.A. Podar College of Commerce & Economics
SSC - undefined
St. Paul's Convent High School
M.B.A. -
Prin. L.N. Welingkar's Institute of Management
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