Summary
Overview
Work history
Education
Skills
Affiliations
Certification
Timeline
Generic

Nirushan Thurairajah

Summary

Risk and Assurance professional with experience spanning internal audit and second line assurance across the financial services and insurance sector. Skilled in planning and delivering deep-dive reviews, testing control design and effectiveness, and providing clear, actionable reporting to senior stakeholders and Boards. Strong knowledge of regulatory expectations (FCA, PRA, Lloyd’s) and risk management frameworks, with a proven ability to analyse data, identify risks, and drive improvements in governance, operational resilience, and control environments.

Overview

4
4
years of professional experience
9
9
years of post-secondary education
1
1
Certification

Work history

Second Line Assurance Manager

Dual UK (Howden Group)
London
11.2024 - Current
  • Led the delivery of the annual risk-based Second Line Assurance plan, providing assurance to the Board and Executive Committee on the effectiveness of key controls.


  • Planned, executed and reported on deep-dive reviews across areas such as Credit Control (Aged Debt & Unallocated Debt), Binding Agreements, Underwriting Controls, Product Governance, Gifts & Hospitality, and Claims QA.


  • Tested the design and operating effectiveness of controls against DUAL’s ERICCA risk management framework, identifying gaps and recommending enhancements.


  • Developed Risk & Control Matrices (RCMs), Terms of Reference, workpapers, and structured observation logs to ensure consistent, evidence-based assurance reporting.


  • Produced clear, insightful reports highlighting 'so what' outcomes and corrective actions for senior management.


  • Collaborated with risk and control owners across underwriting, compliance, finance, and IT to embed improvements in processes.


  • Provided MI and analysis to support governance forums and monitoring of key risk indicators.

Financial Services and Regulation Consultant

RSM UK
London
01.2022 - 11.2024
  • Delivered internal audits and assurance reviews for financial services clients including banks, insurers, building societies, wealth managers, and fintechs, with focus on governance, risk, compliance, financial crime, and operational resilience.
  • Performed detailed testing of control design and operating effectiveness across AML/KYC, complaints handling, procurement, ISA regulation, ESG, and Consumer Duty frameworks.
  • Produced high-quality audit reports, drafted management actions, and presented findings in client debrief meetings, ensuring observations were clear, actionable, and aligned with regulatory requirements.
  • Conducted risk management framework and maturity reviews, advising clients on embedding stronger operational and strategic risk management processes.
  • Completed reviews on Coronavirus Business Interruption Loan Scheme (CBILS) and Coronavirus Large Business Interruption Loan Scheme (CLBILS), focusing on fraud risk, recoveries, AML, and governance processes.
  • Gained exposure to proactive and reactive counter-fraud engagements, handling confidential information with sensitivity.
  • Successfully completed a secondment to Corporate Internal Audit, performing SOX/control assurance reporting and gap analysis against standards, including developing workpapers and evidence packs.
  • Built strong client relationships across senior stakeholders, demonstrating adaptability and communication skills in fast-paced, high-pressure environments.

Education

Bachelor of Science - Banking and International Finance

Bayes Business School (City University London)
London
09.2017 - 07.2020

A-Levels - Economics, Mathematics, Chemistry

Sutton Grammar School
09.2014 - 07.2016

GCSEs -

Southborough High School
09.2009 - 07.2014

Skills

  • Risk & Controls Testing (Second Line & Audit)


  • Operational Risk & Governance Frameworks (ERICCA, SM&CR;)


  • Regulatory Knowledge: FCA, PRA, Lloyd’s Byelaws


  • Data Analysis & MI Reporting (Excel, Power BI)


  • Stakeholder Management & Executive Reporting


  • Financial Crime (AML, KYC) & Conduct Risk


  • Controls Assurance & SOX Testing


  • Understanding business operations


  • Operational resilience


  • Risk assessment


  • Consumer Duty


Affiliations

  • Football, Fitness, Travelling, Business, Languages, Volunteering

Certification

CIA (part-qualified)

Timeline

Second Line Assurance Manager

Dual UK (Howden Group)
11.2024 - Current

Financial Services and Regulation Consultant

RSM UK
01.2022 - 11.2024

Bachelor of Science - Banking and International Finance

Bayes Business School (City University London)
09.2017 - 07.2020

A-Levels - Economics, Mathematics, Chemistry

Sutton Grammar School
09.2014 - 07.2016

GCSEs -

Southborough High School
09.2009 - 07.2014

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Nirushan Thurairajah