Protiviti Contact

Protiviti Contact

Ronita Dutta

Director

Professional Experience

Ronita is the Financial Services Practice Lead for Protiviti Singapore, having moved from Protiviti London, with experience in Internal Audit, Compliance, Risk Management for multinational banks, asset managers, insurers and other financial services firms. Prior to joining Protiviti Ronita spent three years in the capital markets division of Swiss Reinsurance. Ronita began her career with a Big 4 firm, qualifying as a Chartered Accountant and subsequently working on fraud and forensic investigations.

Major Projects

Singapore (April 2015 – present)

  • Has led the compliance audit of a payments firm’s Singapore operations for the past 3 years, covering compliance areas including Anti-Money Laundering, Outsourcing and Technology Risk
  • Leading the APAC region on a global audit transformation project for a leading Asian Bank
  • Leads the Internal Audit Outsourcing relationship with a global asset manager, performing risk assessments through interviews with the business heads, development and execution of an audit plan
  • Ronita led Protiviti’s review of an Asean Bank’s Group Compliance Framework, assessing it’s compliance with applicable regulatory requirements, followed by a project to enhance the Transaction Monitoring function including reviewing selected scenarios, recommending an appropriate team structure, drafting team job descriptions, streamlining the alert handing process including a Quality Assurance function, putting in place governance for the Transaction Monitoring system and developing a suite of policies and procedures. Similarly, a project to establish a FATC Reporting Process
  • Assisted the World Bank, on behalf of a Law Firm, on an independent review of financial controls for the Singapore operations of a global manufacturing firm for adequacy of Anti-Bribery & Corruption controls
  • AML Audit for a major global Asset Manager – Led an internal audit of Anti-Money laundering compliance for the Singapore operations, testing awareness of and compliance with MAS AML regulations, comparing to industry peers and recommending enhancements
  • APAC wide-Cyber Security gap assessment against applicable regulatory requirements for a major global asset manager. Ronita led the review across various APAC countries, which involves assessing the firm’s Cyber Security readiness, policies and procedures against regulatory requirements through interviews, walkthroughs and review of documentation to highlight gap and make recommendations based on leading industry practice
  • External Quality Assessment of the Internal Audit function of a local bank’s Asian operations. This involved assessing the Bank’s IA framework, structure, operations, reporting, resourcing and engagement with the Business against the Institute of Internal Auditors (IIA) standards, benchmarking to other FSI and similar sized firms. The review was conducted through interviews with senior management of the business across the major APAC locations, online surveys of the IA staff, reviews of a sample of audit working papers and review of IA framework and procedural documentation. Our deliverable was a detailed report of findings and recommendations which was presented to the Audit Committees of all country entities in scope
  • Data Analytics for the Internal Audit function of a local bank (Q4)– Facilitated a three day training workshop with colleagues from the Data Analytics team covering areas such as Credit, Anti-Money Laundering, Treasury, Finance

 

Areas of Expertise

  • Financial Crime Compliance
  • Compliance
  • Internal Audit
  • Operational Risk Management

Industry Expertise

  • Banking, Capital Markets
  • Insurance and Re-insurance
  • Wealth Management

Professional Memberships and Certifications

  • ICAEW
  • ACAMS
  • Institute of Internal Auditors
  • Accredited in Quality Assessment & Validation by IIA
  • Prince 2 Project Management accredited
  • London School of Economics

Clients

  • Aberdeen Standard Investments
  • American Express
  • Blackrock
  • Barclays
  • Citibank
  • Commonwealth Bank of Australia
  • HSBC
  • MUFG
  • Overseas Chinese Banking Corporation
  • Royal bank of Scotland