Summary
Overview
Work history
Education
Skills
Websites
Affiliations
Languages
References
Timeline
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Karan Thakkar

Greenhithe,Kent

Summary

Results-oriented audit and risk professional with 15+ years of experience across Global Markets Internal Audit and Big 4 External Audit in UK, UAE and India. Expertise in banking, capital markets, and corporate sectors, with deep knowledge of risk assessment, internal controls, and regulatory compliance. Demonstrated success in auditing complex trading operations, derivatives, and structured products, as well as managing audits for multinational corporates in banking and financial services industries. Skilled in stakeholder management, audit planning, and team leadership, with a proven track record of strengthening control environments and delivering high-quality audit outcomes.

Overview

17
17
years of professional experience

Work history

Vice-President Global Markets Internal Audit

JPMorgan Chase
London
10.2022 - Current
  • Led risk-based global internal audits covering Global Markets businesses, including Credit Trading, Securitised Product Group, Rates and Credit Portfolio Group ensuring compliance with regulatory requirements and internal policies.
  • Assessed design and effectiveness of controls across front-to-back processes (trade booking, risk management, market risk, counterparty credit, and operational risk).
  • Partnered with senior stakeholders to identify key risks in trading and capital markets activities, recommending control enhancements to mitigate regulatory and operational exposure.
  • Prepared and presented audit findings to senior management and global audit committees, driving timely remediation of issues and strengthening the overall control environment.
  • Managed and mentored a team of auditors, overseeing end-to-end audit execution, workpaper review, and quality assurance in line with IIA standards.
  • Collaborated with global audit teams to perform thematic reviews and continuous risk monitoring across Credit Trading, Securitised products group and Rates businesses.
  • Perform annual Risk Assessment for Audit Plans and involved in Risk Assessment Quality Control team. .

Audit Senior Manager

KPMG UK
London
10.2016 - 09.2022
  • Led audits of global and regional banking institutions, investment banks, and capital markets entities in accordance with IFRS, US GAAP, and local regulatory reporting requirements.
  • Managed end-to-end audit engagements, including planning, risk assessment, team supervision, client liaison, and final reporting to Boards and Audit Committees.
  • Evaluated complex financial instruments, including derivatives, structured products, and securitizations, ensuring compliance with accounting and valuation standards.
  • Reviewed and assessed internal control frameworks (SOX, COSO), identifying gaps and recommending enhancements to strengthen financial reporting and governance.
  • Led teams of 10–20 auditors, providing coaching, technical guidance, and performance reviews to ensure high-quality audit delivery and staff development.

Audit supervisor

BDO
Dubai
12.2012 - 09.2016
  • Conducted risk assessments and designed audit strategies tailored to complex group structures and multi-location operations.
  • Reviewed and tested internal controls over financial reporting, identifying control gaps and providing recommendations for process improvements.
  • Prepared and reviewed consolidated financial statements, group reporting packages, and management letters, ensuring timely and accurate submissions.
  • Supervised teams of 3–6 auditors during fieldwork, reviewing workpapers, coaching junior staff, and ensuring adherence to firm quality standards.
  • Coordinated directly with CFOs, finance managers, and senior client stakeholders to resolve accounting issues and present audit findings.

Senior auditor

KPMG
Mumbai
08.2008 - 12.2012
  • Performed end-to-end statutory audits for domestic and international banks, investment firms, and capital markets entities in line with IFRS, Ind AS, and RBI guidelines .
  • Conducted risk assessments, audit planning, and substantive testing across treasury, lending, trading, and investment operations.
  • Evaluated internal controls over financial reporting (ICFR) and prepared control testing documentation in line with PCAOB and SOX requirements for global banking clients.
  • Assisted in preparing and reviewing financial statements , regulatory reports, and disclosures, including Basel capital adequacy and liquidity coverage ratio (LCR).
  • Collaborated with cross-border teams to ensure compliance with global audit methodologies and timely engagement delivery.
  • Mentored junior associates, reviewed workpapers, and supported engagement managers in audit reporting to senior client stakeholders.

Education

Chartered Accountant (ACA) -

Institute of Chartered Accountants in India (ICAI)
India
2006 - 2012

Bachelor of Commerce -

Mumbai University
India
2005 - 2008

Skills

    Auditing

    Risk management

    Project management

    Mentoring and coaching

Affiliations

  • Reading
  • Cricket

Languages

English
Native
Hindi
Fluent
Gujarati
Native

References

References available upon request.

Timeline

Vice-President Global Markets Internal Audit

JPMorgan Chase
10.2022 - Current

Audit Senior Manager

KPMG UK
10.2016 - 09.2022

Audit supervisor

BDO
12.2012 - 09.2016

Senior auditor

KPMG
08.2008 - 12.2012

Chartered Accountant (ACA) -

Institute of Chartered Accountants in India (ICAI)
2006 - 2012

Bachelor of Commerce -

Mumbai University
2005 - 2008

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Karan Thakkar