Prakash Joshi
Investigation And Compliance Professional
341/502, Srishti Hsg. Complex, Mira Road, Thane
Summary
An astute professional with 13 plus years of cross border experience with Big 4 consulting firms and industry leaders in varied roles which includes strategic/core decision making, team management, fraud investigation, compliance review of various policies, procedures and related laws like AML, AB&C; report finalization, design and conduct staff training programs.
Overview
14
14
years of professional experience
Work History
Associate Director
PwC India
01.2019 - 10.2022
- Led multiple assignments covering contract compliance reviews, fraud investigation, internal audit, process and policies reviews for E-commerce platforms, OTT players and FMCG companies.
- Handled process design and risk review project, for e-commerce platform, to award individuals and businesses who have excelled across sectors, in line with company's polices and procedures.
- Managed assignments related to implementation of IT Rules 2021 for multiple OTT platforms covering code of ethics, privacy policy and removal of contravening information.
- Led contract compliance review project for largest FMCG company which resulted in savings of 5% of total contract value.
Senior Manager
Disney Star India
05.2016 - 01.2019
- Managed subscription fraud audits of approx. INR 4000 Cr. for Domestic & International distribution vertical (DTH/MSO/OTT platforms) spanning across India, Nepal and Bhutan.
- Conducted 300 plus audits and recovered INR 10 Cr. on account of fraudulent reporting of subscriber base.
- Acted as business enabler and liaised with sales, legal, IT and operation verticals to further boost subscription revenue.
Manager
KPMG INDIA
06.2013 - 05.2016
- Led investigation project, wherein membership for reputed club was fraudulently obtained by tampering with IT systems, collated evidence and reviewed underlying documents resulting in potential revenue of approximately INR 35 Cr.
- Reviewed Anti-Bribery & Corruption policies and procedures for a client by conducting employee interviews across various departments, in order to identify risks and effectiveness of existing controls and establish new controls, if required.
- Managed contract compliance review project for a telecom giant resulting in recovery of INR 50 Cr from the media agency.
- Conducted forensic investigations relating to allegations of bribery and corruption against employees and distributors of Company and alleged payroll fraud.
- Assisted in a investigation based on complaint from a whistle blower with respect to the bank's loan portfolio, investigation entailed document review, digital evidence and interviewing suspect employees.
- Managed multiple AML remediation projects for Global banks with prime focus on legitimacy of the subject's source of wealth/income/funds, line of businesses and the associated adverse information.
Assistant Manager
Citicorp India
11.2011 - 06.2013
- Responsibilities included monitoring potential fundings gaps, performing stress testing and quantifying impact on overall liquidity position, analyze core deposits to estimate liquidity premium and review liquidity ratios to keep tab on changes in structural liquidity.
Senior Analyst
Deutsche Bank
04.2009 - 11.2011
- Handled Balance Sheet and P&L for Asset Liability Management, product as part of Global Transaction Banking (GTB) Business and advised traders on ticketing of surplus funds on overnight/ term basis to earn surplus income for GTB treasury function.
Education
Chartered Accountant (ACA) -
The Institute of Chartered Accountants of India
Mumbai 04.2004 - 11.2008
Bachelor of Commerce -
University of Mumbai
Mumbai 04.1999 - 03.2004
Skills
Compliance Reviews
Fraud Investigation
Strategic Leadership
Project Management
Team Management
Accomplishments
- Appreciation Email from the India Leadership Team (PwC India)
- Super Employee of the Month Award (KPMG India)
- Super Team Award (KPMG India)
Timeline
Associate Director
PwC India
01.2019 - 10.2022
Senior Manager
Disney Star India
05.2016 - 01.2019
Manager
KPMG INDIA
06.2013 - 05.2016
Assistant Manager
Citicorp India
11.2011 - 06.2013
Senior Analyst
Deutsche Bank
04.2009 - 11.2011
Chartered Accountant (ACA) -
The Institute of Chartered Accountants of India
04.2004 - 11.2008
Bachelor of Commerce -
University of Mumbai
04.1999 - 03.2004