MS Office
Kamalanabhan Vasu
Risk Management Professional
Chennai
Summary
Knowledgeable Risk Manager equipped with strategic planning and program leadership abilities honed in Banking & Financial Services industry environments. Establishes strong and successful policies to mitigate risk at each level and establish clear procedures for assessments, prevention and containment. Familiar with regulatory requirements to maintain strict controls.
Overview
21
21
years of professional experience
2
2
Certificates
Work History
Vice President - Risk Management & Governance
Citi
Chennai
11.2019 - Current
- Markets Operations
- Leading the governance and risk management third parties of, supporting multiple, NAM, EMEA and APAC, Key responsibilities include
- Risk & Controls
- Central point of contact globally for all Third Party Management activities for the Markets Ops business
- Monitor and ensure compliance with any regulatory or Citi Supplier Standards and escalate any non-compliance
- Central point of contact for all the internal and external reviews/exams (FRB, SEC, PRA, MAS, ICRM, Internal Audit etc.) related to Third Party governance
- Continually identify emerging and residual risks arising from Third Party Management internal audits, self-identified reviews and escalate with remediation action to Business Activity Owners and other key stakeholders
- Track corrective action plans (CAP) related to Third Party Management matters until closure
- Monitor overdue Third-Party Risk assessments and other Key Risk indicators
- Perform root-cause analysis of key indicators breaches along with Business Activity Owner and / or Third-Party Officers and track for effective closure
- Lead special reviews as required by Citi on ad-hoc basis to verify the control environment at the supplier
- E.g
- High Risk EUC, maker/ checker controls
- Manage and monitor the Continuity of Business, including supporting all records related initiatives, in a timely, complete and accurate manner
- Ensure third party resilience
- Supporting Business Activity Owners (BAOs) in the execution of existing and/or new Third Party Management arrangements including adherence to local regulatory and Citi policy requirements
- Governance & Oversight
- Ensure all monthly meetings with the Markets Ops Heads are conducted timely and include information associated with KPI, Projects, attrition, FTE, Volumes etc
- And monitor if all action points are tracked, closed and published in minutes of meeting
- Liaison to the Markets Ops Heads, effectively communicating and presenting critical matters
- Maintain continuous lines of communication, keeping them informed of all critical issues and to notify / escalate operational risk concerns
- Oversight of the supplier teams supporting Markets Ops monitor key critical process controls, error tracking, remediation & training
- Oversight of vendor performance, delivery standards and productivity save
- Oversight of budgeting, invoicing, payment and accruals and verify the accuracy of the invoices raised by supplier prior to approving for payment
- Contracting
- Senior point of contact for Contracting (new, amendments, extensions) engaging with Sourcing, Staffing Office, Chief of Staff and the respective country outsourcing committees
- Manage the change process and ensure changes are reviewed and challenged where appropriate and the FTE changes are in line with invoicing
- Ensure all SOWs are active as on date and new processes documented by coordinating with Citi Sourcing team
Assistant Vice President - Business Continuity
Citi
Chennai
05.2017 - 11.2019
- Reporting into the Regional Head of Business Continuity, led the third-party business continuity program for APAC
- Lead Citi BCM Third Party Assessments and Testing including: scheduling, initiating, testing and monitoring the progress of standardized business continuity testing and risk assessments, quality reviews; track exceptions and gaps for Third Parties across the region
- Communicate Third Party testing or assessment issues to stakeholders, ensuring their understanding of associated risks and actions needed to remediate those risks
- Follow Citi Business Continuity Management (CBCM) Third Party testing and assessment processes, execute and evaluate evidence to make appropriate decisions
- Prepare and present Third-Party testing and assessment results to management
- Follow up with Third Party, Procurement and Third-Party Relationship Managers to ensure critical and high risks are appropriately and directly mitigated
- Participate in the development/improvements of Testing and Assessment methodology and tools
- Ensure compliance with Citi enterprise policies and procedures
- Partner with Third Party Management (TPM), Third Party Utility (TPU) and Regional Continuity of Business (CoB) teams to support the Regional Supplier portfolio
- Liaise with Businesses, Business Recovery Coordinators and facilitate training and awareness sessions to assist in the completion of Third Party CBCM requirements
- Evaluate the recovery strategy and practices of Citi’s Outsourced Service Providers (OSPs), Externally Hosted Applications (EHAs), based on a risk-based approach
- Provide guidance and oversight on Third Party Denial of Access (sDoA) testing for Outsourced Service Providers (OSP), Denial of Service (sDoS) external application testing and assessments
- Provide support to Sector / Regional CoB team on all Internal / External Audits and Regulatory actions
Assistant Vice President, Risk Operations
Citi
Chennai
03.2015 - 05.2017
- DATA GOVERNANCE AND QUALITY, THIRD PARTY UTILITY, Managed a team of 11 analysts in executing the risk management processes related to the ongoing monitoring phase of the supplier risk management life cycle
- Maintained an accurate and ongoing inventory of third parties and their services with a map to the specific risks to be assessed and monitored
- Monitored country risk for potential impact to third-party relationships
- Evaluated third-party geographic concentration and level of dependency
- Enhanced the existing CASP system to align with new Third-party management policy
- Followed quality control reviews of Citi’s Management Plans for higher risk third-party relationships at the on-boarding stage
- Monitored progress on agreed upon third party remediation activities and escalate issues as necessary
- Liaised with Third Party Officers (TPOs) and Business Activity Owners (BAOs) to provide guidance on policy compliance and overall third-party risk management requirements
- Assisted in the implementation of a MetricStream platform for Citi’s Approved Supplier database
- Conduct necessary User Acceptance Testing (UAT) prior and post implementation of MetricStream
- Proactively managed risk; considered risk and control issues and developed framework for compliance and risk analysis with emphasis on ensuring fraud prevention and consequent corrective action
- Performed Process Risk Review to identify process specific risk, contractual risk, operational risk, regulatory risk, business risk and system risk, and prepared report accordingly
- Ensured compliance with process parameters and enhanced team productivity through periodic reviews and sharing best practices among team members
- Achievement: Re-engineered the Annual Business Review of Third-Party relationships that resulted in the significant costs saves to the business.
Senior Manager
Standard Chartered Bank
Chennai
- Responsible for providing independent and objective assurance on the business processes of the Retail Bank as across business in Africa, Middle East and South Asia
- Accountable for conducting reviews of different banking verticals namely Branch Banking & Alternate Channels, Support Functions, AML, CDD, Retail Products-Liabilities and Operations
- Ensured timely delivery of high quality, value added assurance and audit reports by assessing and evaluating the adequacy and effectiveness of the control environment and compliance with applicable policies, procedures, laws and regulations in an independent and objective manner
- Identified risk in key processes, access criticality & devise/evolve audit tools (Checklist, Scorecard & Management Reporting)
- Validated & certified process efficiency in mitigating financial/accounting losses and regulatory risks
- Ensured that corrective actions / implementation plans are put in place with agreed timeframes ensuring timely closures of identified gaps
- Provided suggestions on process improvements, system enhancements to mitigate risks
- Ensured that the possibility of internal frauds is minimized in the areas reviewed, as measured by the quality of observations made in the areas reviewed and absence of significant internal frauds in those areas
- Validated the efficiency of existing / new processes/procedures and to help business to reduce surprise element on financial losses / operational risk
- Process Improvement Projects:
- Designed End to End process and implemented AML/CDD related processes for Standard Chartered Bank India
- Designed and implemented the process on periodic customer risk reviews on a desktop mode
- Played the role of a country champion in the implementation of Group wide roll out of Detica DRR – an AML tool that automatically risk rates customer basis static and dynamic triggers
- Acted as a part of a Control Improvement Programme for Middle Eastern Counties that ensured streamlining and standardization of processes related to regulatory compliance
Assistant Manager
Barclays Bank
Mumbai
- As an officer in-charge for retail banking operations (including NRI)
- I managed a team for 34 full time employees with 2direct reports in managing the daily business activities of the unit
- The unit was responsible for providing key support to the business by reviewing KYC documents, booking, maintaining and redeeming customer retail fixed deposits for PAN India customers.
Subject Matter Expert
Citigroup Global Services Ltd
Chennai
- Managed a team of 7 associates who were into the daily business activities of the unit
- Handled electronic payments in various currencies to third party banks using SWIFT, FEDWIRE, CHIPS, CHAPS for all NRI clients across the globe and excelling business targets
- Ensured seamless delivery of FX Conversions for the NRI Unit amounting to an intraday volume of 4 Mio USD and Electronic Fund Transfer for NRI Clients across the Globe averaging 500 transactions a day with an outflow of USD 15 Mio.
Analyst
Shipping
Chennai
- Obtained basic knowledge of liner and freight forwarding shipping
- Worked at various department (s) of line and freight forwarding.
Education
Post Graduate Diploma - Business Administration And Management
SCDL
Pune 04.2001 -
B.Com (Banking) - Commerce
The New College, Madras University
Chennai 05.1997 - 04.2000
CIA – Certified Internal Auditor - Risk Management
The Institute of Internal Auditors
Florida, USA 01.2016 - 10.2017
CISA - Information Systems Audit
ISACA
USA 04.2001 -
Skills
Risk Management & Assurance
Vendor Management & Oversight
Policy and procedure development
Relationship management and retention
Team Management and Collaboration
Outsourced services management
Service contract management
Company risk management
Software
Power BI
Cognos
Qlik View
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Certification
CISA
Timeline
Vice President - Risk Management & Governance
Citi
11.2019 - Current
CIA
10-2017
Assistant Vice President - Business Continuity
Citi
05.2017 - 11.2019
CISA
05-2017
CIA – Certified Internal Auditor - Risk Management
The Institute of Internal Auditors
01.2016 - 10.2017
Assistant Vice President, Risk Operations
Citi
03.2015 - 05.2017
Post Graduate Diploma - Business Administration And Management
SCDL
04.2001 -
CISA - Information Systems Audit
ISACA
04.2001 -
B.Com (Banking) - Commerce
The New College, Madras University
05.1997 - 04.2000
Senior Manager
Standard Chartered Bank
Assistant Manager
Barclays Bank
Subject Matter Expert
Citigroup Global Services Ltd
Analyst
Shipping