Summary
Overview
Work History
Education
Skills
Certification
Short Courses
Languages
Timeline
Generic

Smita Munnee

Lallah Road, Floreal, Mauritius

Summary

Ambitious and motivated professional with proven experience in auditing, banking regulation and supervision, risk management and company administration. Adaptable and driven, with strong work ethics. Seeking to leverage my background to take the next career step with an organisation that promotes talent and is committed to supporting development and career advancement.

Overview

8
8
years of professional experience
1
1
Certification

Work History

Senior Executive 3

Apex Financial Services (Mauritius) Ltd
Ebene
10.2024 - 04.2025
  • In charge of the day-to-day administration, accounting, and taxation of Global Business Companies (GBC).
  • Onboarding, KYC, and due diligence review of GBC and related parties.
  • Application and renewal for a Tax Residency Certificate.
  • Reviewing directors' and shareholders' written resolutions.
  • Assisting with the organization of the board meeting, the shareholders' meeting, and the preparation of the board pack and board minutes.
  • Appointment and resignation of directors.
  • Bank account, custody account opening with banks, and investment institutions.
  • Review the allotment and transfer of shares.
  • Winding up of GBC.
  • Reviewing and preparing bank transfers.
  • Preparing the capital call and capital contribution of the fund.
  • Preparing and reviewing financial statements.
  • Preparing the annual tax return, TDS, VAT, PAYE, and CSG return, and effecting other statutory filings.
  • Assisting in financial year-end audits.
  • Liaising with various service providers, including banks, external auditors, and investment institutions.
  • Reviewing transactions of GBC, and conducting KYC reviews of shareholders and investors.
  • Ensuring compliance with various local regulations, including the Companies Act, Financial Services Act, FATCA, and CRS regulations, as well as other guidelines issued by regulatory bodies.
  • Acting as the contact person between shareholders, investment managers, banks, and investors.
  • Effecting customer due diligence (CDD), including maintaining KYC information of shareholders, investees, and directors of the GBC as per AML codes and regulatory guidelines.
  • Follow up on certification, notarization, apostillation, and consularization of documents.
  • Responding to client queries and requests.

Analyst

Bank of Mauritius (Central Bank of Mauritius)
Port Louis
07.2023 - 04.2025
  • Part of a team managing a portfolio of financial institutions, which included domestic banks, foreign banks, non-bank deposit-taking institutions, and foreign exchange dealers.
  • Conducting onsite inspections and examinations of financial institutions regulated by the Bank of Mauritius (Bank), including, but not limited to, a review of credit risk, operational risk, and liquidity risk frameworks, corporate governance frameworks, and the compliance and internal audit functions of financial institutions regulated by the Bank of Mauritius.
  • Conducting preliminary special examinations relating to any suspicious or fraudulent transactions at financial institutions regulated by the Bank of Mauritius.
  • Preparing pre-onsite examination research and post-examination reports, outlining findings, and proposing recommendations thereto.
  • Conducting anti-money laundering (AML) compliance regulatory reviews of financial institutions, including reviews of KYC, CDD, EDD of banks' clients, sanction screening, and transaction monitoring processes.
  • Conducting off-site monitoring of financial institutions based on regulatory, prudential returns, and information shared with the Bank of Mauritius.
  • Conducting periodic financial performance reviews, including annual, monthly, and quarterly financial reviews, and reports.
  • Analysing and assessing the Internal Capital Adequacy Assessment Process document, and the Risk Appetite statement of banks.
  • Analysing the financial conditions and soundness of financial institutions, including capital adequacy, asset quality, earnings, and liquidity.
  • Assessing the customer base of financial institutions, including borrowers' and depositors' portfolios, with a view to identifying any concentration risk related to, but not limited to, countries and sectors.
  • Review risk-based supervision returns, including operational, credit, liquidity, and governance returns submitted by banks, with a view to identifying early warning signs and weaknesses.
  • Reviewing and assessing the internal control systems, the controls put in place by financial institutions to mitigate risks.
  • Evaluation of the internal risk management frameworks, risk rating, matrix, and risk appetite of financial institutions.
  • Communicating findings, any concerns, and recommendations for any corrective actions to the financial institution's exchange of correspondence.
  • Attending to queries and clarifications from representatives of financial institutions.
  • Analysing the impact of new or amended regulations on financial institutions.
  • Liaise with the relevant institutions to enforce any corrective actions, including warnings and fines, when compliance issues are identified.
  • Assisting in the drafting of supervisory policies, frameworks, and guidelines.
  • Preparing discussion points and a PowerPoint presentation for the meeting with the financial institutions, and external auditors.
  • Collaborate and coordinate with other departments, such as providing inputs to the Financial Stability and Research Department to include in financial stability reports, and other bulletins/reports issued by the Central Bank.
  • Attending and participating in training, debrief sessions, and workshops organized by the World Bank, the International Monetary Fund (IMF), and the Reserve Bank of India.
  • Pursue continuous learning opportunities regarding the latest compliance and procedural changes.
  • Training of junior staff and new joiners.

Bank Officer, Supervision Department

Bank of Mauritius (Central Bank of Mauritius)
Port Louis
09.2017 - 06.2023

Associate- External Auditor ( Financial Services)

Ernst & Young
Ebene
01.2017 - 09.2017
  • Performed audits of operational and financial areas to check compliance.
  • Performing audit tests and reconciliation.
  • Communicated audit findings by preparing reports.
  • Identified weaknesses of existing control systems and made suggestions for remediation.
  • Assessed potential risks, evaluated controls and conducted compliance testing.

Education

Master of Science - Financial Risk Management

University of Reading
United Kingdom
09-2020

Bachelor of Science - Banking And Finance

University of Mauritius
Mauritius
05-2016

High School Diploma - Economics, Accounting And Mathematics

Mahatma Gandhi Secondary School
Mauritius
11-2012

Skills

  • Self-motivated professional
  • Organizational skills
  • Team
  • Team collaboration
  • Problem-solving aptitude
  • Client relationship management
  • Understanding of the banking regulatory framework
  • Risk management strategies
  • MS Office Suite
  • Programming for finance-Python (intermediate)
  • Statistical software: E-Views and IBM SPSS

Certification

  • Association of Chartered Certified Accountants (ACCA) - ACCA Affiliates, September 2024
  • Association of Certified Anti Money Laundering specialists - CAMS Certifications, October 2022

Short Courses

Reserve Bank of India, College of Supervisors

  • Basic program on supervisory assessment of liquidity risk, May 23 - 25, 2023
  • Macroprudential policy formulations: implementing the financial stability mandate, August 17-19, 2022
  • Supervisory evaluation of ALM and liquidity risk, June 07 - 09, 2022
  • Capsule program on organisational risk acculturation and quality of internal audit and compliance environment (Program I), September 15 - 17, 2021

Afritac South, International Monetary Fund

  • Training workshop on prudential supervision of cybersecurity - off and on-site assessments, June 27 – July 1, 2022

Languages

English, French ( Native) and Hindi (Intermediate)

Timeline

Senior Executive 3

Apex Financial Services (Mauritius) Ltd
10.2024 - 04.2025

Analyst

Bank of Mauritius (Central Bank of Mauritius)
07.2023 - 04.2025

Bank Officer, Supervision Department

Bank of Mauritius (Central Bank of Mauritius)
09.2017 - 06.2023

Associate- External Auditor ( Financial Services)

Ernst & Young
01.2017 - 09.2017

Master of Science - Financial Risk Management

University of Reading

Bachelor of Science - Banking And Finance

University of Mauritius

High School Diploma - Economics, Accounting And Mathematics

Mahatma Gandhi Secondary School

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