Akash Roy
Regulatory Compliance and Risk Management Professional
Delhi
Summary
Experienced compliance and risk management professional with nearly a decade in the banking sector, specializing in regulatory compliance, policy formulation, KYC/AML, and internal audit. Proven expertise in developing and implementing risk frameworks, enhancing compliance methodologies, and driving policy standardization to meet regulatory requirements. Skilled in compliance testing, monitoring, and methodology development, with a strong commitment to risk mitigation and operational excellence. Adept at managing regulatory correspondence and supporting robust internal controls, seeking to leverage a comprehensive background in compliance and risk for impactful contributions within a dynamic financial institution.
Overview
1824
1824
years of professional experience
5
5
years of post-secondary education
3
3
Languages
Work History
Methodologist
Sberbank
Delhi
07.202 - Current
- Develop and refine methodologies for risk assessment, policy implementation, and regulatory compliance tailored to the Indian and Global banking context.
- Create detailed methodologies for implementing internal policies, including customer service, KYC/AML, fraud prevention, credit risk, etc.
- Establish templates, standards, and guidelines to ensure that all internal regulatory documents comply with RBI and Sber Group standards.
- Monitor updates in RBI regulations, Indian banking laws, and industry best practices. Inform relevant stakeholders of significant changes and advise on adjustments needed within the Bank's practices.
- Serve as an in-house expert on regulatory guidelines and compliance issues. Provide guidance on creating, amending, and canceling financial products, services, and policies to ensure they meet regulatory requirements.
- Draft, review, and update internal policies and procedures to align with evolving RBI guidelines and other regulatory and legal requirements. Oversee the standardization of compliance documents across different functions within the Bank.
- Conduct training sessions for teams on new methodologies, compliance updates, and best practices to enhance the bank’s adherence to regulatory frameworks.
Financial Controller
HSBC Electronic Data Processing
04.2024 - 07.2024
- Collaborated with global teams across multiple locations to work with regulatory report owners on remediating process controls, ensuring alignment with the Integrity of Regulatory Reporting (IRR) standards and internal policies.
- Designed and implemented robust control frameworks across the ASP region, ensuring that regulatory reports adhere to IRR standards and internal policies.
- Developed, recommended, and refined regulatory process controls, including the creation and enhancement of documentation, artifacts, and procedure manuals, such as process maps and traceability documents.
- Led interactions and collaboration with regulatory report owners and stakeholders to identify and address control gaps through comprehensive control self-assessments, enhancing overall regulatory compliance.
- Maintained a clear and timely tracking system to monitor remediation progress, proactively identifying risks and issues, and escalating them to the Project Working Group/Steering Committee as necessary.
- Supported the project by organizing and maintaining project management information (MI), as well as preparing detailed meeting materials.
Business Consultant - Risk
Ernst & Young
Gurugram
02.2023 - 04.2024
- Ensured clients i.e., financial institution's adherence to all relevant laws, regulations, and industry standards by continuously monitoring regulatory changes and assessing their impact on organizational operations.
- Led development and implementation of robust compliance monitoring programs for clients to maintain their ongoing regulatory compliance.
- Planned, executed, and documented comprehensive compliance testing activities to evaluate effectiveness of internal controls. Conducted in-depth internal audits of banking processes, identifying areas for improvement and ensuring alignment with regulatory guidelines.
- Provided actionable recommendations to management for enhancing internal controls and mitigating potential risks. Evaluated overall effectiveness of compliance function, including policies, procedures, and reporting mechanisms, to ensure resilient compliance framework.
- Stayed current with evolving banking regulations and laws, offering strategic assessments of their potential impact on clients' operations. Collaborated with clients to adapt their compliance strategies, ensuring they remained aligned with regulatory expectations.
Compliance Officer
Bandhan Bank
Kolkata
11.2022 - 02.2023
- To review the policies, product programs and processes initiated by the various departments of the Bank to check regulatory angle for compliance.
- Conduct compliance testing (e.g. thematic, ad-hoc, on-site, product and Tranche III) in line with the principles as enumerated as part of the compliance function to effectively identifying gaps, violations if any and bring it to the notice of the Chief Compliance Officer (CCO).
- Handle almost 10-15 regulatory and statutory correspondences daily for adequate response, tracking and timely closure.
- Assist the business units with regulatory requirements and ensure adherence.
- Prepare various compliance dashboards, oversee, coordinate and monitor the day-to-day compliance activities. Also, disseminating regulatory guidelines to Management and Business Units.
- Conduct regular assessment to determine whether Bank is in adherence to the internal policies and procedures.
- Designed risk assessment frameworks to evaluate organizational vulnerabilities and prioritize areas requiring attention.
- Evaluated new regulations for potential impact on business operations, taking proactive measures to ensure readiness for implementation.
Policy Manager
Shivalik Small Finance Bank
12.2017 - 10.2022
- Develop, review, and update policies in compliance with RBI and other regulatory guidelines, including but not limited to risk management, KYC/AML, customer service, operational risk, etc.
- Coordinate with internal stakeholders to understand operational and compliance requirements, translating these into policy documentation.
- Monitor RBI and other regulatory circulars, guidelines, and notifications and updating policies/SOPs/Manuals to reflect current regulatory expectations.
- Ensure policies align with applicable Indian laws and global regulatory standards, adapting to new legislations, such as the Companies Act, Banking Regulation Act, IT Act, and KYC guidelines, etc.
- Ensure compliance with internal regulatory frameworks and support regulatory audits by providing necessary documentation and clarifications.
- Lead regular policy reviews to maintain an updated compliance landscape, ensuring policies are aligned with statutory and regulatory requirements.
- Maintain a centralized repository of policy documents accessible to all stakeholders, supporting transparency and traceability in policy management.
Customer Service Manager
Axis Bank
12.2014 - 11.2017
- Facilitated the seamless and compliant onboarding of individual and business customers by adhering to KYC Master Directions. Conducted periodic Re-KYC reviews to update and validate customer information, ensuring accuracy and compliance with regulatory standards.
- Efficiently managed a range of banking transactions, including fund transfers and account closures, while overseeing daily cash transactions to ensure accuracy. Promptly monitored, identified, and reported discrepancies to relevant authorities to maintain compliance with established procedures.
- Customer Service and Regulatory Adherence: Collaborated with compliance teams to maintain strict adherence to regulatory standards, while providing prompt and accurate responses to customer inquiries and concerns, ensuring a high level of customer satisfaction and regulatory compliance
Education
Post Graduation - Banking And Finance
Manipal University
Bengaluru, India 08.2013 - 12.2014
Bachelor of Technology - Electronics And Instrumentation Engineering
Uttar Pradesh Technical University
Greater Noida, India 07.2009 - 06.2013
Skills
Regulatory Compliance & Risk Management
Policy Formulation & Standardization
Compliance Testing & Monitoring
KYC/AML Compliance
Internal Audit & Assurance
Regulatory Analysis & Interpretation
Methodology Development
Stakeholder Reporting & Communication
Risk Assessment & Mitigation
Timeline
Financial Controller
HSBC Electronic Data Processing
04.2024 - 07.2024
Business Consultant - Risk
Ernst & Young
02.2023 - 04.2024
Compliance Officer
Bandhan Bank
11.2022 - 02.2023
Policy Manager
Shivalik Small Finance Bank
12.2017 - 10.2022
Customer Service Manager
Axis Bank
12.2014 - 11.2017
Post Graduation - Banking And Finance
Manipal University
08.2013 - 12.2014
Bachelor of Technology - Electronics And Instrumentation Engineering
Uttar Pradesh Technical University
07.2009 - 06.2013
Methodologist
Sberbank
07.202 - Current
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