Summary
Overview
Work History
Education
Skills
Timeline
Generic

Packiaraj Murugan, ACA, CFA

Washington D.C

Summary

Seasoned Internal Audit and Risk Management professional with nearly 30 years of experience in international financial institutions and global private sector corporations, including almost a decade at the International Monetary Fund (IMF) and 12 years with the World Bank Group. Proven track record of delivering impactful results through effective management of internal audit teams while fostering constructive relationships with management and the Board. Committed to coaching and mentoring staff to cultivate high-performing audit teams that drive organizational success. Active member of the Global Advocacy Committee of the Institute of Internal Auditors and currently serving as Chair of the Supervisory Committee for the Bank-Fund Federal Credit Union in a volunteer capacity.

Overview

33
33
years of professional experience

Work History

Assistant Director, Office of Internal Audit (OIA)

International Monetary Fund (IMF)
Washington DC, USA
09.2016 - Current
  • Spearheaded leadership initiatives within OIA, serving as deputy to multiple directors since 2016.
  • Achieved recognition for strong technical and people management skills through consistent performance feedback. Secured highest annual performance rating in 6 out of 10 years at IMF, reflecting impactful contributions.
  • Facilitated the advancement of strategic goals by effectively managing the execution of OIA's work program. Developed a comprehensive medium-term strategy for the function. Optimized staffing and budget allocation to enhance operational efficiency.
  • Facilitated smooth transitions in leadership by serving as acting director during pivotal periods in 2017-2018 and 2024.
  • Directed production of OIA's annual and activity reports for board and audit committee review.
  • Advocated for departmental interests in board meetings and senior forums, including fund risk committee, while collaborating with 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 review of the Fund's ERM Framework that provided the basis for the development of the Board-endorsed ERM Policy
  • 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
  • Evaluated candidates for fund's Management Development Center (MDC) program, enhancing talent development within IMF.

Program Lead

Institutional Safeguards Review (ISR), IMF
01.2023 - 12.2023

Program Lead for the 2022/2023 Institutional Safeguards Review (ISR) of the Fund - a top institutional governance initiative launched in response to the allegations on Doing Business Review. The role entailed coordinating with Heads of Department, Management, Audit Committee and the Board. Received excellent feedback from all stakeholders for the high-quality work and outputs.

Manager, Group Internal Audit (GIA)

World Bank Group
Washington D.C., USA
06.2004 - 09.2016
  • Spent 12 years at GIA, including as a titled manager in GIA working for several GIA Vice Presidents
  • Served in multiple capacities across corporate processes, development operations, and front office roles within GIA
  • Was one of the youngest "titled managers" in World Bank; Rated amongst the top 5% cohort of managers within the World Bank Group (based on Managerial Effectiveness Feedback provided by teams)
  • Worked on several high-profile and impactful engagements during tenure in GIA (IDA14 Controls Review, WBG Expenditure Review, 2013 Investigation of China concessional loan to IDA)
  • Recruited some of the current Audit Managers/senior staff in GIA

Group Manager, Audit & Risk Management, Oracle India Operations

Oracle India Private Ltd
Hyderabad, India
06.2002 - 05.2004

Set up the internal audit function at Oracle India (team of 30) and liaising closely with Oracle Headquarters in USA;

Assistant Manager, Corporate Audit

ITC Limited
Kolkata, India
09.1997 - 05.2002

Managed internal audits of various business activities across ITC (India-based global conglomerate) with annual revenues of approx. $US 9 billion.

Trainee Accountant, Assurance and Business Advisory Services

PriceWaterhouseCoopers (PwC)
Chennai, India
06.1993 - 08.1997

Selected as PWC audit trainee after distinction in All-India Chartered Accountancy Examinations

Education

Chartered Financial Analyst (CFA) -

CFA Institute
USA
06-2007

Certified Information Systems Auditor (CISA) - undefined

ISACA
USA
06-2005

Certified Internal Auditor (CIA) - undefined

Institute of Internal Auditors
USA
11-2004

Licentiate Company Secretary - undefined

Institute of Company Secretaries of India (ICSI)
India
12-2002

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

Institute of Chartered Accountants
India
11-1996

Bachelor of Commerce - undefined

University of Chennai
India
11-1995

Skills

  • Governance and Controls
  • Corporate Internal Audit
  • Enterprise Risk Management
  • People Management and Talent Development
  • Change Management
  • Leadership

Timeline

Program Lead

Institutional Safeguards Review (ISR), IMF
01.2023 - 12.2023

Assistant Director, Office of Internal Audit (OIA)

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