DAYANAND PRABHU
Assistant Vice President Risk And Compliance
Bengaluru,KA
Summary
Versatile and results-driven KYC and financial crime compliance professional with 16 years of experience leading end-to-end KYC operations, including new business onboarding, periodic and event-driven reviews, quality assurance, and suspicious matter reporting. Currently managing a team of 15 professionals responsible for filing Suspicious Matter Reports (SMRs) to AUSTRAC, ensuring accuracy, timeliness, and adherence to regulatory requirements. Proven thought leader with a distinguished track record of driving regulatory compliance, operational efficiency, and strategic initiatives through effective leadership and transformative decision-making. Demonstrated expertise in managing KYC and compliance projects from initiation to completion, developing project plans, defining milestones, coordinating cross-functional teams, and delivering successful outcomes. Highly skilled in conducting rigorous quality checks, resolving complex documentation discrepancies, and implementing robust quality assurance frameworks. A strong communicator and influential leader known for building trusted relationships across all organizational levels. Passionate coach and mentor committed to developing talent, fostering continuous improvement, and advancing leadership excellence to support organizational growth and long-term success.
Overview
18
18
years of professional experience
1
1
Certification
1
1
Language
Work History
Assistant Vice President
Commonwealth Bank of Australia
09.2021 - Current
- Currently managing a team of 15 professionals responsible for filing Suspicious Matter Reports (SMRs) to AUSTRAC.
- Formulating a team charter to articulate team goals and responsibilities.
- Established teams with competent and knowledgeable members, providing continuous coaching for skill enhancement.
- Led brainstorming meetings to foster an inclusive environment for new initiatives.
- Managing projects, motivating peers, and team members to achieve project completion before deadlines.
- Facilitating training programs and mentorship to enhance the skills and capabilities of the team.
- Managing and overseeing projects within the assigned department, ensuring timely delivery and adherence to project objectives.
- Developed a roadmap for a quality team of 25 members, incorporating quality checks, and spot checks to enhance overall team quality.
- Specialized in cultivating high-performing teams, characterized by efficiency and productivity.
- Established a high-performance culture within the team by setting clear expectations and providing regular feedback on individual performance contributions.
- Optimized resource allocation by analyzing operational needs, reallocating resources as needed to maximize efficiency across all functions.
Team Manager
JP Morgan Chase & Co
08.2017 - 08.2021
- Supported the successful execution of the CB and CIB integration project in the USA (January 2020), providing subject-matter expertise on KYC and compliance, mitigating integration risks, and enabling a seamless transition of processes and controls.
- Led the successful completion of the CDD and COLT Dashboard tool testing project, coordinating with the team to ensure accuracy, functionality, and timely delivery.
- Managed Syntel BOT automation and product bundling project.
- Conducted reviews and quality checks on CDD applications for entities such as Corporates, Financial Institutions, Funds, Trusts, and Special Purpose Vehicles.
- Collaborated closely with Relationship Managers and Client Managers to validate necessary documents for KYC sign-offs, establishing strong relationships with stakeholders.
- Enhanced customer satisfaction by resolving disputes promptly, maintaining open lines of communication, and ensuring high-quality service delivery.
- Evaluated employee performance and coached and trained team members, increasing quality of work and employee motivation.
- Led employee relations through effective communication, coaching, training, and development.
Team Manager
Deutsche Bank
05.2011 - 05.2017
- Successfully oversaw the migration of a KYC project from South Africa.
- Played a pivotal role in introducing procedural and process changes in Frankfurt, including the successful training of individuals in the region.
- Responsible for organizing daily workloads for staff, and ensuring the equitable allocation of tasks, optimizing resource utilization.
- Motivated the team to consistently achieve high standards and KPI targets, while maintaining a healthy work-life balance.
- Conducted numerous interviews to ensure the selection of suitable candidates for company progression.
- Monitored and reported on standards and performance targets on a regular basis.
- Vigilantly addressed and provided solutions for problems and issues as they arose.
- Conducted annual reviews of team members, assessing their performance, and providing coaching to help them achieve their individual goals.
- Evaluated employee performance and coached and trained team members, increasing quality of work and employee motivation.
- Led employee relations through effective communication, coaching, training, and development.
Senior Analyst - Risk and Compliance
KPMG
04.2010 - 05.2011
- Engaged in the India Primary Dealer project for a prominent investment bank, I led a team of four members.
- Compiled the Analyst handbook and process flow specifically tailored for India’s primary dealer operations.
- Developed complex financial models that enabled senior leaders make informed decisions while balancing business objectives against inherent risks.
- Conducted compliance checks for new client adoptions and periodic reviews, adhering to the framework for preventing money laundering and terrorist financing.
- Encompassed business operations in the USA, UK, and India. Collaborated closely with Sales and Business Managers, and ensured the extraction and processing of pertinent KYC documentation.
Process Executive - KYC Asset Management - Legal, Risk & Capital
Deutsche Bank
12.2007 - 04.2010
- Conducted KYC checks for newly adopted clients, and conducted periodic reviews for clients in the New York region, adhering to Deutsche Bank's framework for the effective prevention of money laundering and terrorist financing in the USA.
- Involved in verifying and approving new accounts, collaborating with Sales and Business Managers to ensure the extraction and processing of relevant KYC documentation.
- Analyzed a diverse range of client documents to extract key information and validate client details.
- Coordinated with AML and advisory compliance teams for necessary escalations.
- Provided training to new resources across all business lines (AM, KYC, and KYI) and prepared the Periodic Review schedule for the year 2009-2010.
- Established long-term client relationships through consistent delivery of high-quality products and services.
Education
Bachelor of Commerce - Banking And Finance
Bangalore University
Bangalore, Karnataka, INDIA 04.2001 -
Skills
Team leadership
Certification
Passed International Compliance training held in Deutsche Bank Bangalore in 2012.
Timeline
Assistant Vice President
Commonwealth Bank of Australia
09.2021 - Current
Team Manager
JP Morgan Chase & Co
08.2017 - 08.2021
Team Manager
Deutsche Bank
05.2011 - 05.2017
Senior Analyst - Risk and Compliance
KPMG
04.2010 - 05.2011
Process Executive - KYC Asset Management - Legal, Risk & Capital
Deutsche Bank
12.2007 - 04.2010
Bachelor of Commerce - Banking And Finance
Bangalore University
04.2001 -