Summary
Overview
Work History
Education
Skills
Timeline
Generic

Prabhakaran Vittala

Kuwait

Summary

Strategic and results-oriented Chartered Accountant (FCA) and Cost & Management Accountant (CMA) with over 25 years of banking and financial leadership. Proven track record in financial accounting and reporting, corporate banking, regulatory compliance, budgeting, treasury operations, and internal controls. Adept at interfacing with regulatory authorities, auditors, and executive leadership, with a strong focus on optimizing profitability and operational efficiency.

Overview

31
31
years of professional experience

Work History

Acting CEO and Head of finance

BANK MUSCAT, Kuwait Branch
Financial & Regulatory reporting and Corporate Banking
01.2013 - Current
  • Led end-to-end operations of Bank Muscat – Kuwait Branch, reporting directly to senior leadership (DGM and Deputy CEO) at headquarters in Muscat, Oman.
  • Ensured timely and accurate financial and management reporting in compliance with IFRS and local regulatory requirements, including the preparation of local and host regulatory submissions with robust validation controls.
  • Directed internal controls across operational processes, overseeing annual policy and procedure reviews for board approval.
  • Developed and executed strategic business plans to drive growth, enhance profitability, and maintain cost efficiency.
  • Managed annual budgeting, financial projections, and ongoing profitability tracking by business segments and relationship managers.
  • Liaised with internal and external auditors, as well as regulatory bodies, ensuring successful audit inspections and timely information delivery.
  • Served in key governance roles: Chairman, Secretary to the Management Committee, ALCO, Provision Committee, and active member of the Country Credit Committee.

Senior Finance Manager

RIYAD BANK, Kingdom of Saudi Arabia
09.2007 - 11.2012
  • Prepared consolidated financial statements with full IFRS/IAS compliance, including supporting disclosures and notes.
  • Delivered daily executive and monthly board-level management reports to the CEO, DECO, and senior leadership.
  • Acted as the finance department’s liaison for business segments, regulators, auditors, and external rating agencies on reporting matters.
  • Developed controls for the Fund Transfer Pricing (FTP) process and structured profitability reports, while supporting business units in understanding FTP mechanics.
  • Participated in user acceptance testing (UAT) for new products, ensuring accounting compliance, and accurate financial reporting integration.
  • Led the preparation of the bank-wide annual budget.
  • Represented the Finance Division in the DWH project, validating data quality, and management reports generated via Business Objects (BO).

Assistant Vice President

WACHOVIA BANK N.A, CHENNAI Global Financial Institutions and Trade Serv
05.2006 - 08.2007
  • Transitioned to Wachovia Bank, N.A. Following its acquisition of Union Bank of California’s International Banking Group, the MIS team in Chennai supported the International Division.
  • Delivered business process support across management reporting, customer/product structuring, and credit product administration.
  • Provided market and industry analysis, including insights using FiMetrix, to support strategic decision-making for international operations.

Senior Manager

Union Bank of California N.A , Chennai
08.2004 - 05.2006
  • Led the MIS department in Chennai, overseeing the generation and distribution of key management reports, including profitability, pricing, and trend analyses, along with ad hoc reporting.
  • Supported the International Banking Group (IBG) in forecasting and budgeting activities.

Officer

Bharat Overseas Bank, Head Office, Chennai
10.1999 - 08.2004
  • Prepared consolidated financial statements with supporting notes, and ensured timely submission of statutory returns by liaising with the RBI for regulatory compliance.
  • Delivered daily and monthly management reports to the CEO and senior leadership, and contributed to the development of the Corporate Business Plan and profit projections.
  • Gained hands-on experience in treasury back-office operations and mid-office risk monitoring, including measuring and reporting market risks to management and regulators.
  • Collaborated with SBI Capital Markets on a special assignment to restructure the bank’s capital by issuing ₹40 crore in Tier II subordinated debt.

Internal Auditor

Simpson & Company Ltd (Manufacturing Company)
12.1994 - 10.1999
  • Handled the audit of Group companies of the ‘Amalgamations Ltd'.

Education

Level I -CFA -

Certified Financial Charted Accountancy
India
12-2014

Fellow of Chartered Accountant (FCA) -

Institute of Chartered Accountants of India
India
11-1997

Cost And Management Accountant (CMA) -

Institute of Cost & Works Accountants of India
India
12-1995

Bachelor’s Degree in Commerce (B.Com) -

Madras University
Chennai
04-1989

Skills

  • Financial reporting (IFRS/IAS)
  • Regulatory Compliance & Reporting (RBI, CMA)
  • Management & Board Reporting
  • Fund transfer pricing (FTP)
  • Budgeting and forecasting
  • Treasury operations and risk monitoring
  • Audit and internal controls
  • Data analytics and MIS
  • Business Objects and DWH systems
  • MS Office Suite (Excel, Word, PowerPoint)
  • Project management and UAT
  • Diploma in computer applications

Timeline

Acting CEO and Head of finance

BANK MUSCAT, Kuwait Branch
01.2013 - Current

Senior Finance Manager

RIYAD BANK, Kingdom of Saudi Arabia
09.2007 - 11.2012

Assistant Vice President

WACHOVIA BANK N.A, CHENNAI Global Financial Institutions and Trade Serv
05.2006 - 08.2007

Senior Manager

Union Bank of California N.A , Chennai
08.2004 - 05.2006

Officer

Bharat Overseas Bank, Head Office, Chennai
10.1999 - 08.2004

Internal Auditor

Simpson & Company Ltd (Manufacturing Company)
12.1994 - 10.1999

Level I -CFA -

Certified Financial Charted Accountancy

Fellow of Chartered Accountant (FCA) -

Institute of Chartered Accountants of India

Cost And Management Accountant (CMA) -

Institute of Cost & Works Accountants of India

Bachelor’s Degree in Commerce (B.Com) -

Madras University

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Prabhakaran Vittala