ABOUT US
A top priority for the executive management of internal audit functions is to have an optimal talent model which encompasses the right balance of insight, experience and interpersonal skills to achieve the functions overall mission and objectives. Many find it a challenge to obtain, retain and train such sought-after talent. Resourcing has been a systemic challenge for many audit functions which greatly effects audit quality and output and the perception of internal audit to its stakeholders.
From our 18 years of internal audit experience in banking, we have learnt that success to this challenge is achieved from role models leading teams and building their capabilities and through inspiring them. The best form of learning in internal audit is through others that demonstrates such skills and ability and effectively coach’s others. A strong team leads to better audit quality and results.
Ravinder Singh, our founder, has through his internal audit experience consistently and successfully delivered the approach, by being that role model, in different and challenging banks. A common root cause of poor audit quality and engagement is poor team collaboration, often a result of an absence of role model. Our success and experience enables us to successfully deliver on this purpose.
Our key focus is on providing co-source services – so that we can work with the team to collaborate and coach the team, leading to a sustainable model.
We provide this service to the banking sector so that we leverage our deep insights, experience and interactions with the industry.
Many mid-tier banks have previously fully outsourced their internal audit function and have recently set up services in-house. There are some internal audit functions that have been established for a while but wishes to modernise and become more effective and have a sustainable model. Having worked with such organisations, we have experience in understanding the challenges and the framework for successfully building such teams and capabilities.
We have audit experience across most aspects of banking, where some of these are broadly noted below.
Regulatory - prudential and conduct - U.K and other regimes
Product control and governance
Operational risk and resilience
Credit, liquidity, capital, people, financial risk
Governance, risk management and committee effectiveness and change management
Legal and compliance
Ravinder Singh, FCA
Founder
Ravinder has over 18 years of audit experience serving prominent banking and capital market organisations. He has coordinated and led complex multinational audits, regulatory change and challenges, governance, culture and framework, liquidity and capital risks, financial reporting and accounting including SoX, treasury operation audits and internal control implementations.
Ravinder started his career at PwC in audit, thereafter, worked at KPMG Transactions and Restructuring. Ravinder later worked with JPMorgan Chase and HSBC in senior internal audit positions. He is a chartered accountant with the ICAEW.