Manager - Internal Audit

Account Opening Process Audit

- Reviewed process for Inward, Data Entry, Scanning and KYC verification including applicable regulatory requirements w.r.t Account Opening activity.

- Reviewed the process of Online Account Opening, related internal policies and guidelines. Information Security Group - ACR, VAPT & API - Co-sourced Audit (FY 2021-22)

- Reviewed data confidentiality, integrity and availability controls built in the application, Compliance with Group Information Security Standard and Procedures (ISSP), compliance of regulatory and internal guidelines, BCP & DR policy, DR drill plan & testing, Change Management process etc.

Legal & Compliance Process Audit

- Verified process of appointment of lawyers, payment of fees for legal proceeding, monitoring of legal cases by and against the Company and the process of updating the status of legal cases to the Management.

- Reviewed compliance with Prevention of Money Laundering Act (PMLA), Securities & Exchange Board of India (SEBI) & Exchange guidelines with respect to AML policies, framework, processes and reporting including Suspicious Transaction Reporting (STR) etc.

Exchange settlement and Risk Operations Audit

- Reviewed the settlement process of funds & securities for Equity, Derivative & Currency Derivative products (Retail and Institutional including proprietary)

- Reviewed compliance with applicable regulations regarding settlement of funds & securities, issuance of contract notes, daily margin statement and maintenance of logs, etc.

Risk Management Group Audit

- Reviewed compliance of various operational risk & corporate risk related policies and processes, process of updating eligible list of securities for various products offered