1. Rajesh Kumar Chaurasia
Ph: (M) +973-36906322 Email: rajeshraj_84@yahoo.co.in
AREAS OF EXPERTISE
Result Oriented, Proactive and industrious professional with more than 8.5 years of extensive hands on
experience in the areas of Risk Based Internal Audit, Fraud Investigations, Risk Assessment, Quality
Assurance Review, Due Diligence, Internal Control, Fraud Control, AML, KYC and Compliance among,
Conventional Banks i.e. Wholesale and Retail Banks, Investment Banks, Insurance Sector. Catered to clients
like State Bank of India, Seera Investment Bank, Oasis Capital, The Family Office, Aviva Life Insurance, New
York Life Insurance and ICICI Prudential life Insurance India in Bahrain and India,
• Internal Audit and Advisory: Conducted risk assessments and data-analytics to conduct risk-focused internal
audits for clients in the financial services and non-financial services sector. In addition, provided advisory
services, which include, setting up internal audit functions, quality review of internal audit functions, and
business process reviews
• Audits: Understand the process from the process owner and identify the risk. Identify tests to check efficiency of
already established controls in process. Identify process gaps and red flags. Developed and maintained a risk
based plan from the evaluation of the control environment. Prepared the department budget, created and
maintained audit programs and assigned audits to a staff.
• Analytics: Analyze the data which is generated from the business models and find out the root cause of errors
and risk area or impact on business. Identify the key controls to reduce the risk or error.
• Fraud Prevention & Control: Identify key fraud risk in insurance and banking business and analyze the fraud
trend. Developed preventive and detective controls for each fraud risk factor. Provide appropriate guidance in
matters relating Compliance, Code of conduct and other policies of the Company and employee related
compliance grievances. Have helped the client to Establish framework, review and monitor on monthly and daily
basis customer transactional with the help of IT by automating the process of monitoring. Based on the
identified red flag, the cases are further investigated and escalated to the Senior Management.
• AML & Compliance: Identify the methods to detect Anti-Money Laundering in insurance sector and Banking
Sector and have developed AML/KYC guidelines. Ensure detailed investigation of FATF/OFAC and AMLOCK
blocked cases during screening of the transactions.
• Ensure compliance with laws, regulations and guidelines, etc issued by CBB – Bahrain, IRDA & RBI - India; Carry
out audit reviews based on the regulator requirement.
• Prevention and detection of possible fraud and other risks, such as potential going out of business, excessive
credit etc. Provide AML and Compliance training to the employee and Advisory services to the client.
• Provided ongoing coaching and training to junior staff and guest auditors to ensure efficient execution of audit
programs. Provide
• Outstanding interpersonal, relationship and team building skills; Analytical, articulate and diligent; resourceful
in the completion of projects and effective at multitasking with strong ability to plan, prioritize and deliver in
complex projects under aggressive timelines.
• Communicates results of audit reviews with audit management and business client, and recommends methods
to remediate control issues. Drafting and finalizing reports and presentations for the audit committee / end-
users.
PRESENT EMPLOYMENT AND EXPERIENCE
Organisation KPMG, Kingdom of Bahrain
Period July 2012 – Till Date
Designation Assistant Manager - Internal Auditor and Fraud Investigation
Work profile & Key Deliverables (Internal Audit, Fraud Investigation, AML/KYC and Risk Assessment and
Compliance):
 Compliance Audits covering adherence with regulatory guidelines, AML procedures as well as internal policies
and procedures.
 Development of Compliance Monitoring Framework in-line with CBB and Bahrain Labour Law requirement for
the bank.
 Conducted branch examinations and other targeted reviews focusing on identification and mitigation of
Operational as well as Compliance Risks. Reviewed STR reporting timeliness to the regulators.
 Supervise, conduct, and report on the testing and adequacy of the bank’s internal controls over financial
reporting. Investigate and determine causes of irregularities, and errors. Recommend corrective action and

2. Rajesh Kumar Chaurasia
Ph: (M) +973-36906322 Email: rajeshraj_84@yahoo.co.in
suggest improvement. Advise top management and the Audit Committee of the Board of Directors on audit, and
internal control matters.
 Established monitoring mechanism for supervision of business associates, branches so as to ensure compliance
with various regulatory and risk related requirements. Conducted Branch Audit based on the audit plan and
adhoc inspection and produce inspection report to the Management.
 Conducted risk assessment and data-analytics for the various business unit and identify key risks and create risk
control matrix. In addition, provided advisory services, which include, setting up internal audit functions,
quality review of internal audit functions, and business process reviews
 Conducted of various risk based internal audit engagements covering operational processes. Based on findings
prepare audit report and share with Management to finalise the report and Follow-up on action to be taken
against the recommendation.
 Draft audit conclusions based on control and risk evaluation and associated testing. Finalise the findings and
actions with the management responsible for the activities being audited. Assisted in preparation of
presentations for the audit committee / end-user
 Conducted various fraud investigation related to cash misappropriation, procurement, construction,
recruitments for government and private entity i.e. financial and non-financial sector. Prepare report based on
fact and evidence collected during the fraud investigation.
 Manage subordinate employees in the auditing department. Responsibilities include interviewing, hiring, and
training employees; planning, assigning, and directing work; appraising performances; rewarding and
disciplining employees; addressing complaints and resolving problems. Carries out supervisory responsibilities
in accordance with the bank’s policies, and applicable laws.
PREVIOUS WORK EXPERI EXPERIENCE
Organisation
Max New York Life Insurance Ltd -
Gurgaon
Aviva Life Insurance India
Ltd - Gurgaon
ICICI Prudential Life
Insurance - Delhi
Period February 2012 – June 2012 August 2009 – February 2012 August 2008 – July 2009
Designation
Assistant Manager – Fraud Surveillance
and Compliance
Senior Executive – Internal
Audit and Compliance
Associate Assurance
Manager
Work profile & Key Deliverables:
 Review of the Insurance requirement in context to IRDA conducting substantive analytics. Review of the
branches in the regions to overview current practices and implements the best practice in the industry.
 Carrying out sales reviews as per IRDA regulation of all the branches in the region. Review such as gap analysis
benchmarking the business revenue leakage structure for large Insurance organization.
 Monitor documents attached as KYC, Income, Financial documents and others. Check their authenticity due
diligence of the onboard customers. Identify the suspicious transaction to be reported.
 Prepare FIU report for suspicious cases (STR) in AML and report to government of India (FIU).
 Investigate and resolve fraud cases related to recruitment, financial misappropriation, procurement, sales,
customer complaint etc, prepare and submit reports; penalize personnel involved in fraudulent activities or
cases and highlight to the stake holders.
 Conducted various internal audit projects based on the approved audit plan and prepare the draft report for the
management.
ACADEMIC PROFILE
 Masters in Business Administration - Sikkim Manipal University (2011 - 2013)
 Post Graduate Program in Management - IILM Institute, Gurgaon (2007 - 2008)
 Bachelors of Commerce - Calcutta University (2007)
PERSONAL DOSSIER
Date of Birth : 24/04/1986
Marital Status : Married
Language Known : English, Hindi and Nepali
Passport No : H3479404
Nationality : Indian
in.linkedin.com/pub/rajesh-chaurasia/1b/657/719
(Rajesh Kumar Chaurasia)