Mr. Binaya Bhandari
Head - Internal Control
Mr. Binaya Bhandari is a qualified Chartered Accountant from The Institute of Chartered Accountants of India and has over 10 years of experience spanning across the areas of Audits, NFRS implementation, implementation of Risk Based Internal Audit, implementation of Internal Control System, SOPs preparation, preparation of Risk Management Framework, etc.
With a solid background in finance, he brings valuable experience to his role as the Head of the Internal Control Department at Nepal Life Insurance. Prior to this position, he honed his skills as a Finance Officer at NIC Asia Bank. With his extensive experience in implementing Internal Control System and monitoring overall compliance, he has greatly enhanced the company's internal controls with his tireless effort and dedication. Mr. Bhandari’s expertise lies in designing and implementing control frameworks, conducting risk assessments, developing policies and procedures, and providing guidance to management on internal control matters.
He believes that Internal control is not a one-time event, but a continuous process that requires ongoing monitoring and improvement, so implementing an internal control system is crucial for any organization to achieve its objectives effectively and efficiently while mitigating risks.