Arun Thomas Abraham
Swanscombe,Kent
Summary
Assurance professional with focus on managing audit engagements, ensuring compliance with regulatory standards. Adept at leading teams, mentoring junior staff, and fostering client relationships to deliver high-quality assurance services. Skilled in risk assessment, internal controls evaluation, and financial reporting.
Overview
19
19
years of professional experience
Work History
Senior Manager- Assurance
EY London
09.2021 - Current
- Managed the audit of GSIB UK Banks focusing on the financial controls, payments and settlement
- Managed relationships with core audit team and internal specialists in IT risk advisory, valuation, and tax to enhance collaboration and audit effectiveness.
- Drove innovation in audit engagement by implementing Alteryx and Power BI tools, streamlining audit processes and improving data analysis.
- Managed Annual audit quality reviews (AQR) on my engagements leading to a satisfactory outcome on the published results.
- Led the capital market transactions for the large banks in the UK, collaborating with the capital market team, risk management team and banks' legal teams.
- Contributed to quality enablement network, advancing audit quality initiatives in banking and capital markets departments while participating in innovation projects.
- Reviewed complex technical accounting papers prepared by the client with partner support.
- Supported people teams in implementing initiatives that positively impacted the firm and society.
- Participated in counselling group to deliver career advice to a diverse group of individuals.
- Supported the learning and development in delivering the annual training programmes across levels.
Manager – Assurance
EY London
12.2018 - 08.2021
- Managed the audit of Banks (Standard Chartered PLC) FTSE 100 and other financial institutions in the UK.
- Managed and executed statutory audit for entities prepared under FRS 101 for Trade Broker entities with limited support from Senior Manager, directly reporting to Partner.
- Provided a valuable contribution to the audit strategy and risk assessment discussions and established a strong knowledge of global audit methodology and EY internal policies.
- Led the preparation of high-quality deliverables (presentation for clients, internal documentations viz. ICFC, ASM, SRM, OAR, consultation memos etc.).
- Ensured effective project management of engagement economics to optimise resource allocation and financial outcomes. – effective engagement/project management from client set up to engagement closure including progressive billing and timely collection.
- Identified control gaps and risk factors, devising strategies to strengthen internal control systems across organisational functions.
- Understanding of Entity level controls, identification of significant risks and formulating/ executing procedures to mitigate risk identified.
- Reviewed work papers in detail, providing valuable comments that identified gaps in end-to-end process documentation of key processes.
- Performing detailed reviews of key working papers (including significant and fraud risk areas) prepared by the audit team members.
- Liaising with Audit Quality team to enable them perform audit reviews on the specific focus areas and ensuring their comments were addressed on a timely basis to meet high-quality documentation standards.
- Managed the complex independence procedures for the UK group, which involves ensuring compliance with the FRC Ethical Standards.
- Involved in the EY's 'Assurance Transformation' team and actively participated in the GDS Offshoring project and creation of master tool for identifying mandatory audit forms needed for different type of engagements (Complex, Non-complex, etc.).
- Led discussions with EY FRG (Financial reporting group) on certain key accounting areas on specific accounting treatments followed by the client.
- Provided relevant guidance/coaching to the team members, always tried to be inclusively value the suggestions and contributions by the team members.
- Responsibility on engagement/project economics – effective engagement/project management from client set up to engagement closure including progressive billing and timely collection.
Manager – Assurance
EY India
07.2016 - 11.2018
- Managed end-to-end planning, execution, and oversight of audit engagements, coordinating team activities and setting direction based on engagement scope.
- Demonstrate expert knowledge in using Global Audit methodology to perform assurance engagement in compliance with the auditing standards and the expertise in using EY auditing / documentation tools like EY CANVAS, Helix etc.
- Lead the audit team of large listed / unlisted clients in India including subsidiaries of various multinational companies covering engagements under various GAAPs (Indian, US, IFRS).
- Ensure compliance with relevant accounting framework, laws and regulations and performance of general audit procedures.
- Understanding of Entity level controls, identification of significant risks and formulating/ executing procedures to mitigate risk identified.
- Identified control gaps and risk factors, developed strategies to enhance internal control systems across various organisational functions.
- Prepared high-quality deliverables, including client presentations and internal documentation such as ICFC, ASM, SRM, OAR, and consultation memos.
- Responsibility on engagement/project economics – effective engagement/project management from client setup to engagement closure including progressive billing and timely collection.
Assistant Manager – Assurance
EY India
07.2013 - 06.2016
Assistant Manager – Assurance
EY US
02.2014 - 05.2014
Executive – Assurance
EY India
07.2011 - 06.2013
Financial Analyst
Scope International, Chennai
11.2010 - 06.2011
- Coordinated with Reporting Team on risk assessment, risk capital computations, and Basel reconciliation based on internationally accepted Basel norms for reporting risk-weighted assets to ensure compliance and accuracy.
- Coordinated with Group Reporting Team, Financial Shared Service Centre, Chennai to prepare Premium Banking Performance Analysis presentations for Performance Management Committee, including month-on-month variance analysis on premium banking segment to inform strategic decision-making.
- Automated processes in MS Excel using macros to reduce turnaround time, enabling timely and accurate report delivery based on customer requirements.
Article Clerk (Pre-qualification)
M/s Joseph & Rajaram, Chartered Accountants
08.2007 - 09.2010
Education
Chartered Accountant (CA) - Pursuing and partly qualified
Institute of Chartered Accountants of England and Wales (ICAEW)
01-2026
Chartered Accountant (CA) -
Institute of Chartered Accountants of India (ICAI)
01-2010
Bachelor of Commerce (B. Com) -
University of Madras
01-2008
Skills
- Banking auditing
- Financial Analysis
- Financial Accounting
- Regulatory Compliance
- Risk Assessment
- Risk assessment
- Financial Regulations
- Capital market support
- Data Analytics
- ERP systems
- Audit oversight
- MS Office
- Strategic Decision-Making
- Team leadership
- IFRS understanding
Accomplishments
- Team Audit Trust Award for 'Courage to lead' pillar for delivering exceptional services to a strategic client during a critical period.
- Outstanding facilitator awards for significant contribution to learning and development activities.
- Led the team of a listed client winning 'High Performing Team' (Spotlight) award consecutively for two years.
- Facilitated training at the national level for interns (Assurance Intern School) and received favorable feedback.
- Obtained certificate of appreciation from the National Learning and Development team for being an outstanding facilitator for the financial year 2016-17.
Timeline
Senior Manager- Assurance
EY London
09.2021 - Current
Manager – Assurance
EY London
12.2018 - 08.2021
Manager – Assurance
EY India
07.2016 - 11.2018
Assistant Manager – Assurance
EY US
02.2014 - 05.2014
Assistant Manager – Assurance
EY India
07.2013 - 06.2016
Executive – Assurance
EY India
07.2011 - 06.2013
Financial Analyst
Scope International, Chennai
11.2010 - 06.2011
Article Clerk (Pre-qualification)
M/s Joseph & Rajaram, Chartered Accountants
08.2007 - 09.2010
Chartered Accountant (CA) - Pursuing and partly qualified
Institute of Chartered Accountants of England and Wales (ICAEW)
Chartered Accountant (CA) -
Institute of Chartered Accountants of India (ICAI)
Bachelor of Commerce (B. Com) -
University of Madras