$$$$
{{ $t($store.state.user.experience_value_in_dollars) }}
Expert
{{ $t($store.state.user.experience_search_name) }}
0
jobs
Specialist in ICT industry across Business and Financial Management, Specialist financial Reporting, Internal Audit, Financial and Management Audit, Strategic and Operational Risk Management, ITIL, Security, Audit, Compliance, IT strategy & business man
Ashim Sethi
,
Canterbury, United Kingdom
Experience
Other titles
Skills
I'm offering
I have relevant experience of 18+ years working at Strategic levels as a Head Risk Management and compliance functions across ICT industry and geographies.
I understand the importance of following regulations, controls and compliance policy framework, conducting audit and quality checks and reporting, with deft of creating processes, conducting internal controls/ audits of processes and people.
I can combine compliance, controls and management information with the techniques needed to drive successful risk mitigation in any function & support business and have extensive experience of working in the Service sector industry.
I understand the importance of following regulations, controls and compliance policy framework, conducting audit and quality checks and reporting, with deft of creating processes, conducting internal controls/ audits of processes and people.
I can combine compliance, controls and management information with the techniques needed to drive successful risk mitigation in any function & support business and have extensive experience of working in the Service sector industry.
Markets
United Kingdom
Industries
Language
German
Good
English
Fluently
Ready for
Larger project
Ongoing relation / part-time
Full time contractor
Available
My experience
2019 - ?
freelance
Financial Consultant (UK)
unknown.
• Working as independent risk assurance consultant in UK. Help businesses to formulate and review risk management framework, policies and risk approach in compliance with the UK Corporate Governance Code. Working with board and executive teams to implement and manage risk management and provide training at board and operational level.
• Help in creating value for shareholders, reassures customers with corporate governance obligations.
• Subject matter expert in Credit risk, compliance risk, liquidity risk, market risk and operational risk.
• Project scopes:- Policy development/ Procedure design (End-to-end or incremental assignments), Gap analysis, Control design, documentation and testing, Compliance reviews, Internal audit planning and test execution, Test script development, Analytical procedures, Projection models.
• Help in creating value for shareholders, reassures customers with corporate governance obligations.
• Subject matter expert in Credit risk, compliance risk, liquidity risk, market risk and operational risk.
• Project scopes:- Policy development/ Procedure design (End-to-end or incremental assignments), Gap analysis, Control design, documentation and testing, Compliance reviews, Internal audit planning and test execution, Test script development, Analytical procedures, Projection models.
Design, Audit, Training, Risk Management, Management, Compliance, Test, Testing, Development, Market Risk, Executive teams, Audit, Framework
2018 - 2019
job
Chief Financial Officer
Premiershield India.
Responsibilities includes Finance & Management Accounting, Commercials and Billing with Profit & Loss responsibility, including Costing, Budgeting, planning, MIS. Premier Shield is Risk Management Enterprise, with Operations in India and Middle East. Responsibilities include managing company's P&L, Planning/ budgeting, financial and Treasury strategy, Revenues/ Costs Controls & Compliances, Billing & Collections, Regulatory, Tax & Accounting Operations. Premieshield specializes in the area of Cash management solutions, Facility management, Investigations, Brand protection and forensics.
Major Achievements: Successfully launched Change management Programme to improve Profitability and efficiencies in the business Operations and in financial management culture.
Helped Company to get the Old recoveries outstanding worth INR 500mn, Slashed accounting and audit costs by 30% by Automation, Negotiations and New auditor appointment to bring in service improvement & cost saving of INR 3mn.
Improved Treasury Management cycle to reduce funding requirements, Reduced Average Collection period by 10 days, Negotiated cost savings and new vendor terms reducing operating costs by INR 0.8mn, and improved cash flow by INR 1.5mn, Manhours improvement by increased FTE billings & Improved billing cycle by 5-7 days, reduced redundancy of Idle manpower by close monitoring of hourly performance.
Set up effective Weekly and monthly review of Variance analysis, Profit & Loss and Balance sheet with Management & Board, Set up Branch wise accounting and reporting structure, Introduced Scientific commercial bidding process for new business to gain new business in Government/Public sector.
Major Achievements: Successfully launched Change management Programme to improve Profitability and efficiencies in the business Operations and in financial management culture.
Helped Company to get the Old recoveries outstanding worth INR 500mn, Slashed accounting and audit costs by 30% by Automation, Negotiations and New auditor appointment to bring in service improvement & cost saving of INR 3mn.
Improved Treasury Management cycle to reduce funding requirements, Reduced Average Collection period by 10 days, Negotiated cost savings and new vendor terms reducing operating costs by INR 0.8mn, and improved cash flow by INR 1.5mn, Manhours improvement by increased FTE billings & Improved billing cycle by 5-7 days, reduced redundancy of Idle manpower by close monitoring of hourly performance.
Set up effective Weekly and monthly review of Variance analysis, Profit & Loss and Balance sheet with Management & Board, Set up Branch wise accounting and reporting structure, Introduced Scientific commercial bidding process for new business to gain new business in Government/Public sector.
Costing, UP, Treasury, Audit, Enterprise, Facility management, Public sector, Regulatory, Chief financial officer, Monitoring, Change management, Cash management, Service, Finance, Management, Risk Management, Automation, Audit, Operations
2010 - 2018
job
Head - Enterprise Risk Management and Head Pricing Revenue & Strategy
Aircel Limited.
Job Description - Head, Enterprise Risk Management and Head Pricing. Revenue & Strategy in Aircel limited, subsidiary of Maxis Berhad Malaysia, 5th largest GSM Telecom Company with 23 Licensed service areas, with Revenue of $2Bn & customer base of 84Mn in India covering 2g, 3g and BWA technologies. Successfully set up ERM risk management Framework and policy manual. Helped company to manage Strategic risks and present management Report to the Board Audit Committee, primarily responsible for implementing and managing the Enterprise Risk Management across the Aircel Group including 23 different licensed service areas.
• To Champion and promote Audit / Health, Safety & Risk Management: Driving company growth as part of a leadership team. Set up the Group Enterprise Risk Management framework, facilitate the annual Audit risk assessment process and for embedding risk culture throughout the Group. Risk assessment & Audit of Finance/Accounts, Taxation, Supply chain management, Treasury risk, Credit risk, liquidity risk, Financial accounting, cash management, Human resources, Health & Safety management; mergers and acquisitions; asset/liability management.
• Integrated and Strategic risk profiling and audit with Strategic planning and investment decision making model to create & maximize value for investors, reduction of costs by mitigating risks/ cost of risk impact, Conduct Enterprise wide Risk profiling of the Group. Responsible for Forensic assignments. Conduct field work, prepare & finalizing Internal Audit reports and finalizing audit synopsis. Continuous follow-up of open audit point with HODs on monthly basis. Conduct field work, prepare & finalizing Internal Audit reports and finalizing audit synopsis.
• Develop ERM Policy framework & Integration coinciding COSO framework, ISO27001 and ISO 31000 risk management guidelines, IFRS and IFC implementation processes impacting enterprise objectives of revenue enhancement, cost optimization and control & governance.
• Ensure Compliance: Developing ERM committee, Disaster recovery plan, supervision of compliance program and fraud management, Enterprise Risk Management process/ policy and compliance to laws and regulations, market competition in 2g, 3g & 4g technologies across Prepaid, Postpaid, Roaming, IUC and ICR revenue streams, for Contract governance and business strategy of the organization and commercial negotiations, Costing, Budgets, planning, MIS.
• Change Management Programme, training, Workshops - Formulate and implement change management programme, conduct Risk assessment workshop, risk aware culture and ERM training program, to elucidate Risk framework & build awareness of proactive risk assessment & mitigation plans.
• Ensure Security requirements & filing with DoT, Business Continuity / Disaster Recovery Process, Audit compliance, code of conduct & business ethics on operating efficiency of IFC under section 143, testing of internal control process. Evaluation of IFC, Operating effectiveness of IFC, Internal & External compliances, management self-assessment on Key control of the business annually
• Regulatory compliance - Overall direction and management of the ERM projects / ensuring consistency with business strategy and customer satisfaction. Aircel representative for COAI , TRAI and Department of Telecom regulatory, Department of Health & Safety Regulatory authority meetings.
• Revenue Enhancement Pricing Evaluation Engaged in strategic & value based pricing engagements with product marketing to ensure implementation of optimal price strategies for monthly Revenue of INR 8000mn. Variance analysis of Revenue projections/ Budgets vs actualization, Analysis of revenue apportionment and related cost analysis, Assist in establishing the priorities necessary for optimizing pricing and to reduce costs and to maximize profits to achieve Annual Operating Plans and Long Range Plans. Conduct pricing analysis using complex financial & statistical methodologies. Effective communication on Pricing activities, analysis & performance with Sr. Leadership Team. Bench marking products across circles & its viability.
• To Champion and promote Audit / Health, Safety & Risk Management: Driving company growth as part of a leadership team. Set up the Group Enterprise Risk Management framework, facilitate the annual Audit risk assessment process and for embedding risk culture throughout the Group. Risk assessment & Audit of Finance/Accounts, Taxation, Supply chain management, Treasury risk, Credit risk, liquidity risk, Financial accounting, cash management, Human resources, Health & Safety management; mergers and acquisitions; asset/liability management.
• Integrated and Strategic risk profiling and audit with Strategic planning and investment decision making model to create & maximize value for investors, reduction of costs by mitigating risks/ cost of risk impact, Conduct Enterprise wide Risk profiling of the Group. Responsible for Forensic assignments. Conduct field work, prepare & finalizing Internal Audit reports and finalizing audit synopsis. Continuous follow-up of open audit point with HODs on monthly basis. Conduct field work, prepare & finalizing Internal Audit reports and finalizing audit synopsis.
• Develop ERM Policy framework & Integration coinciding COSO framework, ISO27001 and ISO 31000 risk management guidelines, IFRS and IFC implementation processes impacting enterprise objectives of revenue enhancement, cost optimization and control & governance.
• Ensure Compliance: Developing ERM committee, Disaster recovery plan, supervision of compliance program and fraud management, Enterprise Risk Management process/ policy and compliance to laws and regulations, market competition in 2g, 3g & 4g technologies across Prepaid, Postpaid, Roaming, IUC and ICR revenue streams, for Contract governance and business strategy of the organization and commercial negotiations, Costing, Budgets, planning, MIS.
• Change Management Programme, training, Workshops - Formulate and implement change management programme, conduct Risk assessment workshop, risk aware culture and ERM training program, to elucidate Risk framework & build awareness of proactive risk assessment & mitigation plans.
• Ensure Security requirements & filing with DoT, Business Continuity / Disaster Recovery Process, Audit compliance, code of conduct & business ethics on operating efficiency of IFC under section 143, testing of internal control process. Evaluation of IFC, Operating effectiveness of IFC, Internal & External compliances, management self-assessment on Key control of the business annually
• Regulatory compliance - Overall direction and management of the ERM projects / ensuring consistency with business strategy and customer satisfaction. Aircel representative for COAI , TRAI and Department of Telecom regulatory, Department of Health & Safety Regulatory authority meetings.
• Revenue Enhancement Pricing Evaluation Engaged in strategic & value based pricing engagements with product marketing to ensure implementation of optimal price strategies for monthly Revenue of INR 8000mn. Variance analysis of Revenue projections/ Budgets vs actualization, Analysis of revenue apportionment and related cost analysis, Assist in establishing the priorities necessary for optimizing pricing and to reduce costs and to maximize profits to achieve Annual Operating Plans and Long Range Plans. Conduct pricing analysis using complex financial & statistical methodologies. Effective communication on Pricing activities, analysis & performance with Sr. Leadership Team. Bench marking products across circles & its viability.
Testing, Growth, Implementation, Safety, Supervision, Costing, Assessment, Regulatory, Health, Direction, Telecom, Gsm, Enterprise, Audit, Workshop, Treasury, Framework, Processes, UP, Customer, Supply chain management, Change management, Business strategy, Audit, Training, Strategic Planning, Human Resources, Risk Management, Leadership, Management, Marketing, Finance, Integration, Security, Service, Compliance, ISO27001, Cash management, Supply Chain Management, Workshops
2006 - 2010
job
Regional Head - SOX (Sarbanes Oxley Team)
Vodafone Essar Limited.
Job Description - Head SOX, North Region (UPE, Punjab, J&K & HP telecom circles) in Management Services Sox compliance. Vodafone Essar Group, part of UK based Vodafone Group, listed in NYSE. Responsible for Risk Management Strategy and Sarbanes Oxley implementation as per SEC listing agreement.
• Business Process Reengineering, Internal Control and Risk Management - Team Lead for business process documentation as per COSO framework and SOX compliance Act, IFRS and guidelines issued by governing bodies such as SEC, PCAOB & ICAI. Preparation of business processes aligned with SoX guidelines.
• Business process improvements, analysis of business risk & control, Internal audit as per SEC listing agreements and risk-based internal control of all Functional for all business activities like Capex & Asset Management, Credit & Collections, contract compliance, Supply Chain, Product Life cycle management,
• Business impact analysis recovery documents, testing and acceptance plan, BCP plan to reduce operational risk by improving on information security and risk management practices. Administered time and cost budgets to achieve operation efficiency on each assignment
• SOX testing, Internal control and Risk Management - Conduct SOX testing as per SEC requirement, Complete the management self-assessment on Key control of the business & the management perception of risk on the business process.
• Guidance & Training process owners and corporate management teams regarding development in Risk management & SOX compliance.
• Identify audit gaps in controls and report the same to departmental SOX champion/ management and work towards a remediation plan in a time bound manner.
• SOX Certification/ Compliance Audit- Assess the impact of SOX compliance and internal audit findings on compliance and co-ordinate follow up for remediation of SOX audit findings with respective to stake holders for SOX certification and work towards reduction of Compliance costs
• Coordinating with statutory auditor, management services team for strategic and operations activities.
• Implementation of Recommendations - Responsible for timely implementation of recommendations suggested during audit reporting.
• Fraud Investigations, management requests and Regulatory compliance audits.
• Business Process Reengineering, Internal Control and Risk Management - Team Lead for business process documentation as per COSO framework and SOX compliance Act, IFRS and guidelines issued by governing bodies such as SEC, PCAOB & ICAI. Preparation of business processes aligned with SoX guidelines.
• Business process improvements, analysis of business risk & control, Internal audit as per SEC listing agreements and risk-based internal control of all Functional for all business activities like Capex & Asset Management, Credit & Collections, contract compliance, Supply Chain, Product Life cycle management,
• Business impact analysis recovery documents, testing and acceptance plan, BCP plan to reduce operational risk by improving on information security and risk management practices. Administered time and cost budgets to achieve operation efficiency on each assignment
• SOX testing, Internal control and Risk Management - Conduct SOX testing as per SEC requirement, Complete the management self-assessment on Key control of the business & the management perception of risk on the business process.
• Guidance & Training process owners and corporate management teams regarding development in Risk management & SOX compliance.
• Identify audit gaps in controls and report the same to departmental SOX champion/ management and work towards a remediation plan in a time bound manner.
• SOX Certification/ Compliance Audit- Assess the impact of SOX compliance and internal audit findings on compliance and co-ordinate follow up for remediation of SOX audit findings with respective to stake holders for SOX certification and work towards reduction of Compliance costs
• Coordinating with statutory auditor, management services team for strategic and operations activities.
• Implementation of Recommendations - Responsible for timely implementation of recommendations suggested during audit reporting.
• Fraud Investigations, management requests and Regulatory compliance audits.
Telecom, UP, Processes, Framework, Audit, Development, Testing, Regulatory, Assessment, Implementation, Operations, Compliance, Security, Asset Management, Management, Risk Management, Information Security, Training, Audit
2004 - 2005
freelance
Treasury and Financial Consultant (Financial Services)
Allied Export Import companies in Germany.
Job Description -
Financial consultant with Allied Export Import companies in Germany.
Providing freelance services
• Financial reporting in regard to revenue monitoring, analyzing, budgeting, revenue projection for European business.
• Reviewing and reporting payments from factoring agencies, dealing with Banks regarding hedging contracts, term loans, and financial limit matters.
• Reporting Cash flow statements, monthly MIS statements, factoring and receivable & treasury management
• Utilize effective performance management and career development strategies and Implement flexible strategies to motivate the teams to achieve client goals. Provide guidance to a multinational, multi faceted team of finance Professionals.
• Worked with IT team for Implementation of ERP systems for the Companies.
Financial consultant with Allied Export Import companies in Germany.
Providing freelance services
• Financial reporting in regard to revenue monitoring, analyzing, budgeting, revenue projection for European business.
• Reviewing and reporting payments from factoring agencies, dealing with Banks regarding hedging contracts, term loans, and financial limit matters.
• Reporting Cash flow statements, monthly MIS statements, factoring and receivable & treasury management
• Utilize effective performance management and career development strategies and Implement flexible strategies to motivate the teams to achieve client goals. Provide guidance to a multinational, multi faceted team of finance Professionals.
• Worked with IT team for Implementation of ERP systems for the Companies.
Contracts, ERP, Performance Management, Management, Finance, It, Implementation, Monitoring, Development, Treasury, Contracts
2004 - 2004
job
Business analyst
American Express (Financial Services).
with Financial cost center East, American Express (India) Private limited, a fully owned subsidiary of American Express Inc. (USA).
• Fixed assets reconciliation - responsible for consumer card service group of American Express, Mexico business.
• Reporting the quarterly cash flow statements, for fixed assets accounts of Amex Travel Related Services.
• Analyses key measures and metrics (activity rates, DSO, Aged Debt Ratios, Financial reporting, etc) to ensure results and performance remain at optimum level.
• Improve Coordination with accounting, cash allocation and reporting to continuously
• SOX Compliance - Improve business results by following SOX compliance.
• Reviewing and reporting year-end property tax and corporate tax schedules.
• Delivering MIS - Preparation of MIS for project results with supervision of team leads & direct reports between the various departments for the individual project.
• Fixed assets reconciliation - responsible for consumer card service group of American Express, Mexico business.
• Reporting the quarterly cash flow statements, for fixed assets accounts of Amex Travel Related Services.
• Analyses key measures and metrics (activity rates, DSO, Aged Debt Ratios, Financial reporting, etc) to ensure results and performance remain at optimum level.
• Improve Coordination with accounting, cash allocation and reporting to continuously
• SOX Compliance - Improve business results by following SOX compliance.
• Reviewing and reporting year-end property tax and corporate tax schedules.
• Delivering MIS - Preparation of MIS for project results with supervision of team leads & direct reports between the various departments for the individual project.
Service, Compliance, Supervision, Analyst, Express, USA
2001 - 2004
job
Business analyst and Transition Manager
General Electric.
for European Reinsurance Accounting businesses from Europe to India. Involved in Corporate planning, Strategic management, technical accounting, Quality Audit, Statistical Analysis, Control testing with target based performance criteria for different clients for Reinsurance Accounting business of General Electric European business, including UK.
• Transition of financial accounting processes - Team leader for successful transition of accounting work from GE Frankona Re, London (UK) and Munich (Germany) for technical accounting for Reinsurance business in Aviation, treaty and facultative sector. Based at Munich, London and other European locations.
• Business Impact analysis - Involved in cost implications, process mapping and Cost & profit analysis till the reporting of high level process metrics and transition tollgate rigors including preparation of Standard operating procedures, with coordination of head Migrations.
• Business Process Reengineering, Standard Operating processes, Internal Control and Risk Management - Team Lead for business process documentation as per COSO framework and European Compliance Standard
• Audit, internal control assessment & reporting premium collections and Claims document from different brokers / Cedants from all over the world such as Aon, Marsh, and Willis & Heath Lambert for US, UK & ASPAC legal entities of GE ERC.
• Analyze business metrics and performance at required levels, identify key problem areas and implement courses of action required to continually drive improved performance following the German & US GAAP closing.
• Manage & coordinate with credit & billings collections, cash allocations and financial reporting departments and ensure cross-communication of policies, procedures and performance between all teams. Reporting and uploading the monthly dashboards, metrics for the process and for the quality audit.
• Green Belt Certification - Active team member of the Green Belt project on improving the premium collection cycle
• Transition of financial accounting processes - Team leader for successful transition of accounting work from GE Frankona Re, London (UK) and Munich (Germany) for technical accounting for Reinsurance business in Aviation, treaty and facultative sector. Based at Munich, London and other European locations.
• Business Impact analysis - Involved in cost implications, process mapping and Cost & profit analysis till the reporting of high level process metrics and transition tollgate rigors including preparation of Standard operating procedures, with coordination of head Migrations.
• Business Process Reengineering, Standard Operating processes, Internal Control and Risk Management - Team Lead for business process documentation as per COSO framework and European Compliance Standard
• Audit, internal control assessment & reporting premium collections and Claims document from different brokers / Cedants from all over the world such as Aon, Marsh, and Willis & Heath Lambert for US, UK & ASPAC legal entities of GE ERC.
• Analyze business metrics and performance at required levels, identify key problem areas and implement courses of action required to continually drive improved performance following the German & US GAAP closing.
• Manage & coordinate with credit & billings collections, cash allocations and financial reporting departments and ensure cross-communication of policies, procedures and performance between all teams. Reporting and uploading the monthly dashboards, metrics for the process and for the quality audit.
• Green Belt Certification - Active team member of the Green Belt project on improving the premium collection cycle
Audit, Risk Management, Management, Compliance, Process Mapping, Analyst, Assessment, Testing, Strategic Management, Audit, Framework, Processes, Manager
2000 - 2001
job
Team Leader' for Planning, Fieldwork, Finalization
Ravinder Gupta and Associates.
April '00 to July '01
Job Description -
• Team Leader' for Planning, Fieldwork, Finalization of reports and presentation of various Internal Audit assignments and other projects [Statutory Audit, Tax Audit, Process Audit, Investigations] for clients like, Fortis Healthcare, Bharti Airtel Ltd (Mobile), Hotel Divyadeep, State Bank of India etc.
• Preparation of Balance sheets & Tax audits. Dealing Registrar office of Companies matters, Income tax and Sales tax authorities. Preparation of MIS reports, liaising with Banks in regard to working capital facilities and term loans.
Job Description -
• Team Leader' for Planning, Fieldwork, Finalization of reports and presentation of various Internal Audit assignments and other projects [Statutory Audit, Tax Audit, Process Audit, Investigations] for clients like, Fortis Healthcare, Bharti Airtel Ltd (Mobile), Hotel Divyadeep, State Bank of India etc.
• Preparation of Balance sheets & Tax audits. Dealing Registrar office of Companies matters, Income tax and Sales tax authorities. Preparation of MIS reports, liaising with Banks in regard to working capital facilities and term loans.
Audit, Sales, Office, Working capital, Audit
My education
1998
-
2000
Panjab University
Masters, Finance
Masters, Finance
1995
-
1999
The Institute of Chartered Accountants of India
Chartered Accountants (Semi), Finance, Accounts, Taxation
Chartered Accountants (Semi), Finance, Accounts, Taxation
Ashim's reviews
Ashim has not received any reviews on Worksome.
Contact Ashim Sethi
Worksome removes the expensive intermediaries and gives you direct contact with relevant talent.
Create a login and get the opportunity to write to Ashim directly in Worksome.
are ready to help you
and get specific bids from skilled talent in Denmark