CA, CFE
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Sanjay served as Director in the Governance, Risk and Compliance practice at KPMG Toronto until Sep 2026 and has 15+ years of experience in risk management, internal controls, compliance and assurance for banks, insurers, asset and wealth managers and pension funds. He has led SOX and internal controls programs, regulatory controls and compliance monitoring, business continuity program assessments and a third-party risk framework, has built and led assurance functions and teams, and has presented risk and control reporting to CFOs, Audit and Finance Committees and steering committees. He is a Certified Fraud Examiner and led development of AI agents that automate risk assessment, compliance and controls testing and reporting.
Across engagements, Sanjay has partnered with senior leaders, risk management teams, compliance teams, internal and external auditors and regulators, reviewed work for accuracy and quality before it reached management, committees or regulators, and coached teams to apply consistent methodology.
Director, Governance, Risk and Compliance practice at KPMG Toronto (2026-09)
Led the Governance, Risk and Compliance practice with 15+ years of experience in risk management, internal controls, compliance and assurance for banks, insurers, asset and wealth managers and pension funds.
Controls Testing Program Lead at Large Canadian GSIB Bank
Led the 1B Regulatory controls monitoring program and supported the operational controls program and reporting for the capital markets business. Responsible for testing of global regulatory controls (including FINRA, SEC) for the capital markets business spanning control areas such as corporate and investment banking, trade surveillance, monitoring and reporting, marketing and sales communications, and disclosure documentation (including IPO-related filings). Assessed the mapping of controls to the right regulations/citations, assessed the design and operating effectiveness of the controls, and coordinated and reported with the 1A team, compliance teams and internal audit team.
Used Power BI for data visualization in controls reporting, including dashboard reporting for the regulatory controls testing program. Used AI to perform an assessment of duplication of controls and led development of AI agents to automate controls lifecycle including controls testing and documentation agent, controls testing review agent, stakeholder reporting and project status and deficiency tracker agent.
Business Continuity Consultant at Asset Managers and Pension Funds
Worked with asset managers and pension funds to assess their business continuity programs. Included identifying critical business processes and applications through business impact analysis, assessing recovery time objectives (RTOs) and comparing them to the SLAs of third-party service providers, assessing tabletop exercises, and assessing the impact of disruptions in services provided by outside service providers.
Compliance Monitoring Project Lead at Large Life Insurance Company
Led a project to act as a compliance monitor to oversee the selling practices and oversight over managing general agents (MGA's) for universal life product. Assessed the current sales and monitoring practices, suitability of the UL product for target customers in line with the insurance regulations and guidelines issued by Financial Service Regulatory Authority of Ontario (FSRA), developed a road map for insurance company to mitigate any gaps identified and performed the validation testing of road map implemented. Responsible for developing the final report to be issued to FSRA.
Governance Review Project Lead at Life Insurance and Banking Company
Led a project to review board governance practices and the effectiveness of assurance functions. Project included reviewing the board and board committees' terms of reference and board minutes, as well as holding discussions with key board members, and assessing the mandates, authority and practices of assurance functions and their reporting to the board and board committees. Established strong connections with board members and the CEO of the group through this project and was invited to deliver a training on Governance to all board members of the Group.
Third Party Risk Management Framework Lead at Bank
Led the project to develop a third-party risk management framework based on the Office of the Superintendent of the Financial Institutions (OSFI) B-10 guidelines and expectations of the regulator. Project was for a bank primarily issuing prepaid debit cards product. Responsible for leading the client interactions, providing industry insights and guidance and developing policies and toolkits to be implemented for compliance with B-10.
Ensured that the third-party risk and criticality factors were developed based on the risk appetite and KRIs of the company.
Internal Controls Testing Program Lead at Large Life Insurance Company
Led the internal controls testing program with operations in Canada, US and Caricom. Oversaw a team in Canada and Caricom and led risk assessment and scoping discussions with management, planned the execution of testing throughout the year for quarterly certification, refresh of testing and sampling methodology, alignment with management and external auditors, governance over the internal controls testing performed, deficiencies remediation testing and management reporting, including tracking of open issues and remediation plans. Reviewed workpapers and testing evidence for quality and consistency before management and external-auditor reporting.
Head of Audit (Acting) at Canadian Pension Plan
Acting head of audit for a Canadian pension plan with assets under management of $4.2 billion. Reported to the acting chief internal auditor (KPMG Partner) and was responsible for the overall function. Responsible for setting up the internal audit function, including developing the internal audit charter, defining the audit universe and presenting it to the Audit and Finance Committee.
On an ongoing basis, responsible for developing the audit plan, leading the execution of internal audits, reviewing audit files and draft reports for quality and IIA Standards conformance, and reporting to CFO and Audit and Finance Committee, including tracking of open issues and remediation plans. Collaborated with the Risk Management teams to consider the company's KRIs and risk appetite in defining the risk ratings of the findings from the audits.
Internal Audit Leader at Investment Management Company
Supported the Chief Internal Auditor (filled by a KPMG Partner) at an investment management company with over $85 billion in assets. Led the annual refresh of the audit universe and engaged with several stakeholders to perform risk assessment and develop the internal audit plan. Responsible for delivery of the internal audit plan and providing internal audit plan status, open issues and remediation plan tracking to the Finance and Audit Committee.
Reviewed engagement workpapers and draft audit reports to ensure findings are accurately stated and work is completed in accordance with IIA Standards and agreed methodology. Led several technical audits including liquidity management, trading of repos and derivatives, private equity – front, back and middle office operations, risk management etc. Collaborated with the Risk Management teams to consider the company's KRIs and risk appetite in defining the risk ratings of the findings from the audits.
Lead Account Manager for Internal Audit and SOX at Large Asset Management Company
Lead account manager for internal audit and SOX at a large asset management company with over $1 trillion in assets. Led several internal audits of technical and support processes for the company and provided quality review of audit files and reports, so engagements meet IIA Standards before issuance. Collaborated with the Risk Management teams to consider the company's KRIs and risk appetite in defining the risk ratings of the findings from the audits.
Led the SOX (internal controls over financial reporting) program for the asset management and private equity vertical of the company, managing the team to test and document internal controls for design and operating effectiveness, including review of SOC reports of third-party service organizations, collaborating with the IT Audit team on integrated IT/operational control coverage, and coordinating with external auditors (Deloitte) on process walkthroughs and reporting of testing results.
IPO Readiness – Internal Controls Business Process Uplift Lead at Large Global Property and Casualty Insurance Company
Led the business process uplift of internal controls over financial reporting to SOX standards for a large global property and casualty insurance company listed in Canada with operations in Canada, US and Europe. Directly involved in key technical processes such as Investment management, Risk Adjustment, Reserving and IFRS 17.
ACCA - pursuing (pending last exam)
CIA pursuing - to be completed by Feb 2027)
