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Gaurav Baid

Senior Director – Governance, Risk and Compliance

Chartered Accountant – ICAI (India),

Bachelors of Commerce – University of Calcutta

Background

Gaurav is a Director with AJMS’s Governance Risk and Compliance department.

  • He has extensive international professional experience of over 15 years in Assurance, Consultancy, VAT Compliance, Banking and Operations, spread across institutions in the Gulf.
  • Prior to joining the AJMS team, he was the Chief Financial Officer in a wholesale Bank.      Responsibilities included:
  • Ensuring compliance with Central Bank regulations and IFRS standards.
  • Developing and obtaining board approval for business plan and financial budgets.
  • Analysing financial results at each month-end.
  • Streamlining process by implementing effective internal controls over accounting and financial reporting processes.

With Ernst & Young, Gaurav was working as a Senior Manager in the Financial Services & Asset Management Group of the Assurance service line. Including • internal audits risk assessment • TAX compliance • fraud prevention/detection • policies and procedures • training and • statutory audits.

  • review of treasury and investments including Private Equity & Hedge Funds functions in banks;
  • Analyze results of operations and suggested best practices to address control weaknesses of various segments of clients’ operations.
  • Setting up the audit approach and execution of the TAX assignments, in consultation with partners, which makes effective use of team members’ skills;
  • Hands-on experience in development and deployment of IFRS 9 analytics, data analytics and policy development
  • Appraising the adequacy and use of financial and operating policies, procedures and controls and constantly recommending required improvements therein;
  • Facilitating elimination of non compliance of Central Bank regulations through appropriate corrective and preventive action;
  • At Ernst & Young, Major clients engaged for various services were:
  • Investcorp Bank
  • Bank of Baroda
  • Al Salam Bank
  • Bahrain Saudi Bank
  • Nomura Investment Bank and    Venture Capital Bank