Nirali Shah

Internal Audit professional with 4+ years of specialized experience in the Asset Management and Mutual Fund Industry. Currently leading internal audit engagements, managing cross-functional teams and delivering risk-based assurance across key business functions. Seeking opportunities to further expand my knowledge and enrich my experience in the field of internal audit, wherein I can contribute to the growth of an organization.

Audit Manager (Team Lead – Internal Audit) - ANEJA ASSOCIATES

(2023-01)

• Lead internal audit engagements for UTI Mutual Fund and Invesco Mutual Fund, overseeing planning, execution, reporting, and closure of assignments.
• Develop risk-based audit plans addressing business, operational, regulatory, and compliance risks across diverse functions.
• Evaluate the adequacy and effectiveness of internal controls, governance frameworks, and risk management processes.
• Ensure compliance with SEBI and AMFI guidelines, internal policies, and industry best practices.
• Identify process inefficiencies, control gaps, and operational risks; recommend actionable improvements to strengthen controls and optimize business processes.
• Supervise audit teams, review working papers, and ensure adherence to audit methodologies, professional standards, and quality benchmarks.
• Engage with senior management and process owners to present audit observations, conduct root-cause analysis, and discuss remediation strategies.
• Monitor implementation of agreed action plans and track closure of audit findings through periodic follow-ups.
• Prepare and deliver comprehensive audit reports highlighting key risks, control deficiencies, and opportunities for process enhancement.
• Physical verification audits for gold and silver holdings, contact center services, and SHCIL operations.
• Conducted RCSA control mapping for Aditya Birla Sun Life AMC, including evaluation of test results to identify controls suitable for automation.
• Participated in SEBI Mutual Fund industry-wide inspection observations review activity at Invesco AMC.
• Executed due diligence assignments mandated by AMFI for Mutual Fund Distributors (MFDs).
• Undertook mystery shopping review of MFDs and reporting.

Assistant Manager - ANEJA ASSOCIATES

(2022-06 - 2022-12)

• Supported internal audit assignments across financial services clients, contributing to risk assessment, control evaluation, and compliance reviews.
• Assisted in developing audit programs, performing fieldwork, and preparing audit documentation.
• Collaborated with senior auditors to identify operational risks and propose process improvements.
• Participated in client discussions to communicate audit findings and support remediation efforts.

Vice President – Finance & Accounting - PIPAL CAPITAL MANAGEMENT PVT. LTD.

(2017-03 - 2018-11)

• Execution of finance and accounting operations for derivatives, equities, and mutual funds.
• Ensured accuracy in mark-to-market entries, broker reconciliations, and daily reporting.
• Managed statutory compliance including TDS, ITR filings, and audit submissions.
• Delivered MIS and finalized books across group companies.
• Oversaw corporate law matters (incorporation, auditor appointments, annual filings) and ROC compliances.
• Partnered with auditors and regulators ensuring adherence to reporting timelines.

Senior Associate – Fund Accounting - SS&C GLOBEOP FINANCIAL SERVICES TECHNOLOGIES (INDIA) PVT. LTD.

(2015-10 - 2016-06)

• Prepared funding analysis, liquidity forecasts, and NAV workpapers for European and US funds.
• Resolved cash, interest, and position breaks; reconciled derivatives and financial statements.
• Supported capital calls, vendor spend analysis, and management fee estimates.
• Contributed to trial balance standardization and system upgrade testing.
• Ensured adherence to departmental controls, cost reduction initiatives, and regulatory compliance.

Article Assistant - YATIN C. SHAH & ASSOCIATES

(2011-09 - 2014-09)

• Conducted statutory, internal, tax, and VAT audits across manufacturing, trading, and service industries.
• Prepared and filed income tax returns, TDS reconciliations, and VAT reports.
• Assisted in audit planning, execution, and client coordination to meet compliance deadlines.
• Delivered analytical and substantive audit procedures ensuring accuracy and timely completion.

Chartered Accountant - Institute of Chartered Accountants of India (ICAI) (2015-05)

Bachelor of Commerce - Commerce - University of Mumbai (NM College Vile Parle) (2013)

12th Standard - Maharashtra State Board (NM College Vile Parle) (2010)

10th Standard - Maharashtra State Board (St. Xavier's High School) (2008)