Summary
Overview
Work History
Education
Skills
Timeline
Generic

Packiaraj Murugan

Washington D.C

Summary

I am a seasoned Internal Audit/Risk Management professional with over 27 years of internal audit experience in international financial institutions and global corporations, including close to 9 years in the International Monetary Fund (IMF) and 12 years in the World Bank Group. During my career, I have demonstrated a proven ability to be a consistent high performer, by successfully managing internal audit teams to deliver strategically-focused engagements, value-added advisory reviews, as well as special and/or complex reviews of a sensitive nature - across different functional areas, spanning corporate and business areas, and operations. I have also provided thought leadership on internal audit methodology and professional practice initiatives, leveraging my experience as an internal audit practitioner. I particularly enjoy the challenge of coaching and mentoring teams in order to develop them over time into high-performing internal audit teams. I also serve as a member of the Supervisory Committee (equivalent of the Audit Committee) of the Bank-Fund Staff Federal Credit Union.

Overview

32
32
years of professional experience

Work History

Assistant Director/Senior Audit Manager

International Monetary Fund (IMF)
09.2016 - Current
  • Played a key leadership role in OIA, operating in effect as a Deputy to various OIA Directors, since 2016 - with a consistent track record for delivering high-quality outputs and performance
  • Received consistent MSI feedback reflecting strong performance and people management track record
  • Supported OIA Director in advancing strategic goals of the Office, in formulating and overseeing the execution of OIA's Work Program, developing methodology, managing staffing and budget for the function
  • Led the Office as Acting Director twice during transition in OIA's leadership in 2017-18, and in 2024
  • Authored the production of OIA's Semi-Annual Activity Reports to Management and the External Audit Committee
  • Represented OIA at the table in Board Meetings (Periodic Monitoring Report) and External Audit Committee Meetings alongside OIA Director
  • Led the design and execution of OIA's "Readiness Assessments" for the Fund's Modernization Programs - a core product offering of OIA in recent years
  • Stewarded OIA's 2021 Audit of the Fund's ERM Framework that provided the basis for the development of the Board-endorsed ERM Policy
  • Alternate to OIA Director in key Fund fora (Fund Risk Committee, CBIT, Program Steering Committees)
  • Supported OIA leadership in the Office's transition to being seen as a trusted and collaborative partner (from an Office of Audit and "Inspection")
  • Developed trusted relationships with senior Fund staff across Departments with a reputation for being objective, balanced, and receptive to feedback
  • Been an Assessor for the Fund's Management Development Center (MDC) Program since 2018

Program Lead

Institutional Safeguards Review (ISR), IMF
01.2023 - 12.2023

Coordinated implementation efforts for the Institutional Safeguards Review (ISR) Implementation Plan under the supervision of Director, HRD and was the author of the staff report on ISR Progress circulated to the Board in December 2023. The role entailed coordinating with several departments (HRD, SPR, LEG, COM, DRS Offices). Received excellent feedback from all stakeholders for the high-quality work and outputs.

Manager, Group Internal Audit (GIA)

World Bank Group
06.2004 - 09.2016
  • Was one of the youngest "titled managers" in World Bank
  • Rated as amongst the top 5% cohort of managers within the World Bank Group (based on Managerial Effectiveness Feedback provided by teams)
  • Managed multiple impactful and strategically-focused assurance and advisory engagements - including reviews covering the Bank’s Resource Management (RM) functions, fiduciary functions, and Country Management Units (CMUs), Procurement Framework, IDA Financial Risk Management, and HR Change Management;


Group Manager, Audit & Risk Management, Oracle India Operations

Oracle India Private Ltd
06.2002 - 05.2004
  • Company Overview: Oracle India Pvt. Ltd is part of the $200 billion Oracle Corporation, USA, (www.oracle.com) the 2nd largest software company and market leader in database software segment and enterprise applications, world-over.
  • As head of audit for India operations, this position afforded wide exposure to best of breed risk management solutions and internal controls designed to assess risks and monitor compliance on a continuous basis and involved leading a team of about 15 audit professionals from diverse ethnic and cultural backgrounds. My significant achievements were as follows: (i) Managed the development, execution and delivery of a risk based annual internal audit work program spanning various business and administrative units in India by leading a team of accountants and internal auditors; (ii) Presented key findings for Oracle Indian operations to the Audit Committee on a bi-annual basis.

Assistant Manager, Corporate Audit

ITC Limited
09.1997 - 05.2002
  • Company Overview: ITC Limited (www.itcportal.com), an associate of British American Tobacco (BAT) Plc, is one of the top-rung private sector companies in India having market capitalization of US $63 billion dollars and annual turnover of US $9 billion dollars with diverse businesses such as Tobacco, Lifestyle Retailing, International trading.
  • My job profile at ITC’s Corporate Audit involved ensuring pre-emptive risk management across ITC’s diverse businesses.

Trainee Accountant, Assurance and Business Advisory Services

PriceWaterhouseCoopers (PwC)
06.1993 - 08.1997

Education

Chartered Financial Analyst (CFA) -

CFA Institute
06.2007

Certified Information Systems Auditor (CISA) - undefined

ISACA
06.2005

Certified Internal Auditor (CIA) - undefined

Institute of Internal Auditors
11.2004

Licentiate Company Secretary - undefined

Institute of Company Secretaries of India (ICSI)
12.2002

Associate Chartered Accountant (A.C.A) - undefined

Institute of Chartered Accountants
11.1996

Bachelor of Commerce - undefined

University of Chennai
11.1995

Skills

    Governance and Controls

    Corporate Internal Audit

    Enterprise Risk Management

    People Management

    Leadership

Timeline

Program Lead

Institutional Safeguards Review (ISR), IMF
01.2023 - 12.2023

Assistant Director/Senior Audit Manager

International Monetary Fund (IMF)
09.2016 - Current

Manager, Group Internal Audit (GIA)

World Bank Group
06.2004 - 09.2016

Group Manager, Audit & Risk Management, Oracle India Operations

Oracle India Private Ltd
06.2002 - 05.2004

Assistant Manager, Corporate Audit

ITC Limited
09.1997 - 05.2002

Trainee Accountant, Assurance and Business Advisory Services

PriceWaterhouseCoopers (PwC)
06.1993 - 08.1997

Certified Information Systems Auditor (CISA) - undefined

ISACA

Certified Internal Auditor (CIA) - undefined

Institute of Internal Auditors

Licentiate Company Secretary - undefined

Institute of Company Secretaries of India (ICSI)

Associate Chartered Accountant (A.C.A) - undefined

Institute of Chartered Accountants

Bachelor of Commerce - undefined

University of Chennai

Chartered Financial Analyst (CFA) -

CFA Institute
Packiaraj Murugan