1. V.SambandamurthyV.Sambandamurthy
105, Viceroy Sagar,
Norbert Church Road,
Kasavanahalli,
Bangalore 560 035.
M. No.: +91 9360311655, 9663762221 Mail ID: samurid@yahoo.co.in
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OBJECTIVE:
To head a “Functional Department” of an ethical, goal oriented & professionally driven organization preferably in
Financial Service Industry of which I would be an integral part. Explore my rich experience in the fields like Internal
Audit, Risk, Compliance, Assurance, Finance, Accounts, Bank-Commercial Operations, continuously improve and
grow along with the Organization.
KEY SKILLS AND COMPETENCIES
 A competent professional with 24 years of rich experience in Auditing, Risk, Compliance ,Financial
Analysis, Accounting, Banking, Assurance, Commercial Operations, & CRM.
 Possess high-level of accuracy and thoroughness & recognized for the ability to thrive in both independent
and collaborative work environments, resolving internal issues and manage multiple responsibilities
simultaneously.
 A performer with an innate ability to combine time/resource-management proficiency and implement
strategic administrative and operational initiatives to meet established goals and objectives and enhance
productivity, client service, and overall bottom-line performance.
 An articulate communicator with a demonstrated propensity to establish and maintain solid relationships
with Financial Advisors, Branch Office Managers, Senior Business Leaders, support staff and non-finance
colleagues.
 Possess exceptional written skill set on Commercial aspects & on Legal front. Strong interpersonal,
Organizational and analytical skills.
 Proficient in Microsoft Office Suite, Customer Relationship Management (CRM).
 A no nonsense administrator, with an eye for compliances and an ear for understanding the issues.
CORE COMPETENCIES
 Strategic Planning Regulatory Compliance Issue
 Auditing Risk and Assurance
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ORGANISATIONAL EXPERIENCE SUMMARY
S.No Company Location From To Designation
1. India Finserve Advisors Pvt. Ltd., Bangalore Aug ‘14 Till date Head- Internal Audit
2. Reliance communications
Limited
Chennai Jun ‘02 July ‘14 Regional lead- Commercial
3. Sembcorp Logistics P Ltd Chennai Sept ‘00 May ‘02 Accounts Manager
4. Maxworth Home Limited Chennai Jan ‘98 Aug ‘00 Accounts Manager
5. Gomukhi Charma Kendra Chennai June ‘95 Dec ‘97 Accounts Officer
6. NEPC Micon Ltd Chennai Mar ‘92 April ‘95 Accounts Officer
7. M & N Publication Ltd Mumbai Oct ‘90 Mar ,92 Accounts Executive
India Finserve Advisors Private Limited- August 2014 –till date
(Management company for FFSL and Disha Micro finance, branded as FINCARE, to be started as a small
finance bank -shortly)
Designation: Senior General Manager, Head of Internal audit.
I joined IFAPL in August 2014, in order to manage and Improvise Internal Audit Department in line with International
Standards for Internal Audit and best practices. Currently, managing both Internal Audit, Risk and Compliance.
 To Establish the Internal Audit Department within IFAPL to cover the business of FFSPL, Disha and LOK
management, in line with the Regulations mandated by the RBI and SRO of MFI companies.
 To Establish the Internal Audit Framework, documentation, budgets & resource requirements in line with
Board of Directors (Audit Committee) expectations, International Standards for Internal Audit and Best
Practices, which includes but not limited to the following;
o Audit Committee Charter
o Internal Audit Charter

2. o Internal Audit Manual (SOP- Policies and Procedures)
o Internal Audit Budgeting, Templates resource requirements.
 Managing and Building communication/relationship with external parties including Regulators, External
Auditors and Internal Audit Vendors (Outsourced Assignments).
 To design and document Internal-controls and Internal-policies in line with RBI and Statutory requirements.
 Completed framing and finalising the Fair practices code and Corporate Governance, in line with the RBI
guidelines.
Risk and Compliance:
 Coordinate with the CRO to develop functional strategies for the RBI compliances, and AML functions
 Identifying assessing compliance with regulators rules and circulars, and to ensure compliance and the risk
of non-compliance is properly mitigated through establishing and implementing regular controls.
 To provide assurance to the Audit committee, thereby to the Board, the risk and compliance committee that
all significant business, IT, financial, operational compliance risks are effectively controlled by the
Management.
 Provide Independent appraisal of the Bank’s compliance with laws, regulations, policies, procedures and
set standards in order to ensure that business is conducted in accordance with the framework of the
applicable laws and regulations
 Act as the Whistle blower and also a member of the Disciplinary committee of the company.
 Establishment, implementation and maintenance of adequate policies and procedures sufficient to ensure
compliance with regulators and regulations pertaining to Audit, Compliance, AML and FATCA.
 Lead the identification and diagnosis of compliance requirements of the organisation.
 Act as an independent review and evaluation body to ensure that compliance/AML issues/ concerns within
the organisation are being appropriately evaluated, investigated and resolved.
 Provide all necessary support to the organisation departments for complete compliance with regulatory
requirements as and when required.
 Conduct Special Investigations where requested by Management.
 Reporting of risk, at timely frequencies, like monthly and also when every breach of permissible risk is
identified.
Transaction audit and field audit:
 I Handle 4 entities, covering Cash, Bank, Fixed Assets, Treasury, Income from Operations, Expenses,
Variance Analysis, NPA provisioning, Deferred tax, Taxation, Broken period interest, Securitisation, Gains
and loss on securitisation, Tax planning etc., Now working towards Audit Automation, for the Banking
atmosphere, recommended as the SPOC for IS audit, Identification and reporting of Process flaws, Review
of Audit reports to enhance the quality of the information and areas of audit shared with the Management.
 Developed and executed Risk Based Annual audit plan covering the organisations all auditable entities.
 Involved in framing the Policy and its structure to conduct the IT audit, to be certified by the CISA auditor.
Timely suggestions for improvement of process and login reviews.
 Conduct timely and regular training for team on understanding and mastering the areas of audit and timely
submission of reports.
 Audited and presented the IFC, on behalf of Management and presented the audit finding to the Board to
the extent of deficiencies in controls and weakness in areas of financials.
 Field audit involving both pre sanction and post sanction verification, frauds, inspection, member visits,
statutory compliance, investigation.
 Instrumental in automating field audit into mobile based as well as web based recording, monitoring,
escalation, feedback and subsequently rating of employees, branch and regions.
 Also handle, Customer care welcome calls, OD monitoring, Quality control of Data entry, CB violations,
Whistle blower, Customer Grievance/Redressal.
 Build professional, experienced and well trained audit team capable of adding value to Internal Audit
Department and the organisation.
 Provide Guidance and on the job training to Internal Audit Staff enabling them to perform tasks as expected
by the Management.
 Submission of timely / Periodic and special reports to the management, regulators and also the Investors.
 At presently actively involved in finalising risk registers, and implementation of risk mitigation policies for
bank build.
Reliance Communications Limited - 2002- July 2014
Designation: Assistant General Manager
BANKING
 Recording of monies received and paid out- CMS and Banking control-Sweep to pool a/c etc., with 100%
accuracy.
 Ensuring collection from various outlets, both franchisee, company owned outlets and Distributors of the
company 98% targets achieved month on month.
 Accounting, Reconciliation and Treasury functions to cater the critical business needs.
 Liaising with Banks and Financial Institutions for CMS and Collections across Southern Region.
 Handled a volume of INR 250 Cr’s of collections per month for Southern Region, from more than 400
outlets comprising of both company owned outlets and FOFO outlets across 4 states.
CREDIT CONTROL

3.  Identify and develop controls and processes to ensure all risks and opportunities are highlighted, credit
analysis and credit control of new and existing channels and business partners, thereby ensuring no
revenue leakage
 Was responsible for finalising credit exposure and finalise limits for corporate and enterprise customers.
 Actively involved in revenue reconciliation, revenue sharing and collection for inter connectivity with other
operators.
 Developing, managing and motivating a team of finance professionals.
 Reviewing new & existing business models and capital appropriation requests, for all new acquisitions, and
feasibility reports for capital expenditure.
INTERNAL AUDIT
 Preparation of Audit Programme.
 Collection of Audit reports and providing feedback to Management audit team. Audit observations and
providing replies for the same.
 Internal audit allocation for retail outlets/stock audit/physical verification/fixed assets audit. Discussions and
finalisation of audit replies for presentation to audit committee
BUSINESS COMMERCIAL OPERATIONS
 Orchestrated small and large-scale events from initial stage of selling, contractual negotiations, pre-
planning, budget forecasting, cost analysis, on-site execution, and post-program evaluation.
 Channel Management, Channel Payout, LCM of Channel, Port in and Port Out, Channel issues, SOA etc.,
 Stick to the Annual Budgets segment wise and ensure that the targeted Revenues are met by the business
team.
 Maintain the service levels at par with the Organizational Standards.
FINANCE & ACCOUNTS
 Birds view of all the aspects of Financial Controls with Internal & External Parties.
 Generation of Management Information from Source Data to extent of 98% accuracy.
 Prepare Monthly Management Accounts, Budgets & Forecasts well ahead of stipulated deadline.
 Release Monthly Results, Budget variances and ad-hoc Analysis on time to the CEO.
 Display meaningful commentary and Analysis of Financial Data.
 Preparation and Reporting of Income and Expense Forecasts for all Retail outlets to Senior Management.
 Core member in Business Planning, EBITA and liquidity planning. Providing Financial, Commercial and
Strategic Support Business Enhancement.
Key Achievements:
 Hold the distinction of implementing Operation & CMS for 400 Retail Outlets in the Southern Region
comprising of Tamil Nadu, Kerala, Karnataka and Andhra Pradesh.
 Generated a wide variety of analytical reports and surveys and formulated future market trends; distilled
data into actionable ideas and meaningful reports through data analysis, management, and reporting.
 Collaborated closely with internal business partners; identified opportunities to address long-term strategic
needs and eliminated redundant processes.
 Been appreciated by Top Management for adhering to Industry norms and Government Policies &
Regulations for smooth functioning.
 Executed solicited and unsolicited trades and transactions.
 Have the distinction of introducing the ItzCash collection system for all retail billing in TN for more than 200
channels for their remittance and billing convenience.
Sembcorp Logistics- Chennai
 Depreciation accounting, Block of assets as per Companies Act, Income tax Act
 Accounts: Accounts, Budget and Budgetary Control, MIS (including periodical reports to our holdingAccounts: Accounts, Budget and Budgetary Control, MIS (including periodical reports to our holding
company at Singapore) and commercial functions- CAPEX etc.company at Singapore) and commercial functions- CAPEX etc.
 Systems and Computers: Actively involved in identifying, sourcing and developing a unique softwareSystems and Computers: Actively involved in identifying, sourcing and developing a unique software
compatible to logistics industry and worked towards testing and implementing the same.compatible to logistics industry and worked towards testing and implementing the same.
 Fixed Assets: Responsible for monitoring and accounts and calculation of Depreciation for Income tax andFixed Assets: Responsible for monitoring and accounts and calculation of Depreciation for Income tax and
Financial accounting. 103 depots and 4 regional office across IndiaFinancial accounting. 103 depots and 4 regional office across India
 Finance and Taxation: Responsible for handling taxation of the company and tax planning for theFinance and Taxation: Responsible for handling taxation of the company and tax planning for the
individuals and tax matters like filing returns under IT, Sales tax and Service tax, appeared forindividuals and tax matters like filing returns under IT, Sales tax and Service tax, appeared for
assessments, obtained necessary certificates from the department.assessments, obtained necessary certificates from the department.
Maxworth Home LimitedMaxworth Home Limited
 Monitoring and advising on day to day financial positionMonitoring and advising on day to day financial position
 Liaising with Banking and Financial Institution for project fundingLiaising with Banking and Financial Institution for project funding
 Preparation of Project reportsPreparation of Project reports
 Preparation of Budgets & Credit analysisPreparation of Budgets & Credit analysis
 Handled routine accounts and Taxation- completed Tax audit and filing of returns, finalised and filed 4Handled routine accounts and Taxation- completed Tax audit and filing of returns, finalised and filed 4
years returns with ROC, under Voluntary Disclosure Scheme.years returns with ROC, under Voluntary Disclosure Scheme.
Gomukhi Charma Kendra- full shoe divisionGomukhi Charma Kendra- full shoe division - The “GAITONDE” Brand- The “GAITONDE” Brand
 Monthly Budget preparation and variance analysisMonthly Budget preparation and variance analysis
 Reporting operating results, monthlyReporting operating results, monthly
 Liaising with Banks for L/C opening, OCC limit managementLiaising with Banks for L/C opening, OCC limit management
 Project finance from Banks and Financial institutionsProject finance from Banks and Financial institutions

4.  Forward contracts – foreign currencyForward contracts – foreign currency
 High seas contract and execution on leather containersHigh seas contract and execution on leather containers
 Excise returns and accounts- handled a search operation executed by the department in our bondedExcise returns and accounts- handled a search operation executed by the department in our bonded
factoryfactory
 Identifying areas of cost control and implementation of cost reduction schemes.Identifying areas of cost control and implementation of cost reduction schemes.
 Assisted export department in obtaining duty drawback and obtaining Packing credit from bankAssisted export department in obtaining duty drawback and obtaining Packing credit from bank
Nepc Micon Ltd.Nepc Micon Ltd.
 Involved with auditors and secretarial dept. While Handling 3 public issues during my tenure of NEPCInvolved with auditors and secretarial dept. While Handling 3 public issues during my tenure of NEPC
MICON LTD, NEPC TEA LIMITED, NEPC TEXTILE LIMITEDMICON LTD, NEPC TEA LIMITED, NEPC TEXTILE LIMITED
 Assisted Merger of NEPC Agro Foods Ltd and NEPC Tea GardenAssisted Merger of NEPC Agro Foods Ltd and NEPC Tea Garden
 Maintenance of proper accounting system and proceduresMaintenance of proper accounting system and procedures
 Handled company law related returns and filing of forms and documents with ROC, prospectus and AGMHandled company law related returns and filing of forms and documents with ROC, prospectus and AGM
 Preparation and filing forms and documents regarding appeals and followup all Income tax casesPreparation and filing forms and documents regarding appeals and followup all Income tax cases
 Assisted in handled legal matters relating to FERA, Sales Tax raidAssisted in handled legal matters relating to FERA, Sales Tax raid
P E R S O N A L P R O F I L EP E R S O N A L P R O F I L E
Date of Birth: 2nd
June 1966 Gender: Male
Nationality : Indian Location Preference: BANGALORE
Marital Status: Married Languages Known: English, Tamil & Hindi
E D U C A T I O NE D U C A T I O N
 Graduation in Commerce from University of Madras, Passed out from RKM Vivekananda College,
Chennai.
 Graduation in law from Dr.Ambedkar University of Law, Chennai.
 Passed Group I of the final examination conducted by the Institute of Chartered Accountants of India.
Determined to complete Group II in this attempt.
 Passed Intermediate Examination conducted by the Institute of Cost & Works Accountants of India.