Prasath Kumar
Sr Compliance Associate
Bengaluru
Summary
Senior Compliance specialist with 8 years of experience, including 3 years as a Foreign Exchange Relationship Manager at ICICI Bank Pvt Ltd and 5 years as a Sr. Compliance Associate at Amazon. Expertise in Lean Six Sigma methodologies, regulatory compliance, and driving business growth through process optimization. Proven track record of implementing Black Belt projects, enhancing operational efficiency, and delivering superior results in dynamic environments.
Overview
8
8
years of professional experience
4033
4033
years of post-secondary education
3
3
Certifications
Work History
Sr. Compliance Associate
Amazon
05.2020 - Current
- Led multiple Lean Six Sigma Black Belt projects to improve operational processes, achieving a 30% reduction in response times and a 25% increase in efficiency
- Applied DMAIC methodology to optimize SharePoint data and streamline operations across 12 countries, contributing to significant operational expenditure reduction
- Collaborated with Business Unit (BU) teams to identify process gaps and implement automation solutions, directly contributing to OPEX excellence initiatives
- Worked with global teams to deploy Lean Six Sigma methodologies cross-functionally, enhancing efficiency and standardization
- Required minimal guidance in developing methods and procedures for new assignments, demonstrating exceptional problem-solving and self-direction
- Managed project timelines and deliverables, ensuring timely and efficient execution, resulting in a 30% improvement in project efficiency and adherence to budget constraints
- Compiled and presented project updates to senior management, facilitating clear communication and informed decision-making, optimizing project timelines, and highlighting opportunities for cost savings
- Contributed to FMEA projects by analyzing metrics and identifying priorities for process improvement
- Conducted knowledge-sharing sessions to enhance team understanding of FMEA analysis and CAPA processes
- Acted as a bridge between stakeholders and operations teams, ensuring project alignment with business objectives and successful completion of the Six Sigma portfolio within time and budget
- Leveraged data analytics to identify trends and patterns in compliance performance, enabling proactive issue resolution before escalation.
- Championed continuous improvement initiatives, driving ongoing enhancements to compliance program effectiveness .
- Reduced non-compliance incidents by delivering targeted training programs for employees at all levels.
- Served as a subject matter expert on various regulations, ensuring accurate interpretation and application throughout the organization.
Relationship Manager Foreign Exchange
ICICI Bank Limited
04.2017 - 04.2020
- Implemented compliance checks and utilized SWIFT systems to ensure regulatory compliance for 98% of transactions
- Conducted thorough compliance assessments, achieving a 97% success rate in customer eligibility and a 98% compliance rate in record-keeping
- Managed nostro accounts and tracked funds to meet service level agreements 99% of the time
- Ensured adherence to OFAC guidelines and FEMA regulations, maintaining a 99% accuracy rate in customer onboarding
- Provided quality assurance and constructive feedback on file reviews, achieving a 97% review success rate
- Demonstrated expertise in AML laws and payment regulations, maintaining compliance in 95% of transactions
- Prepared management information on financial crime risks, aiding senior management decision-making
- Responded to customer inquiries and resolved complaints to establish trust and increase satisfaction.
- Built and maintained relationships with new and existing clients while providing high level of expertise.
Education
PGDB - Banking and Insurance
Manipal Academy of Banking And Finance
Bengaluru, India04-2017
Bachelor of Engineering - Mechanical Engineering
KGISL Institute of Technology
04-2015
Skills
Lean Six Sigma Black Belt
Process Improvement
DMAIC Methodology
Value Stream Mapping
Project Management
Operation Excellence
Documentation review
Legal research
Regulatory expertise
Training delivery
Compliance monitoring
Investigations skills
Internal audits
Risk management
Certification
Lean Six Sigma Black Belt Certified
Accomplishments
- Received Beyond Awards in Process Planning for two consecutive quarters.
- Headed training for new hires on process-specific tasks and successfully cleared Amazon Mentor Interview.
- Trained 450 new hires on the Appeal Process, providing guidance and support.
- Planned and coordinated Six Sigma projects, resulting in decreased AHT.
- Streamlined workflows by consolidating lengthy processes and redundant documentation, achieving timely completion of targets.
- Developed critical SOP policies to consistently exceed quality and production targets.
Timeline
Sr. Compliance Associate
Amazon
05.2020 - Current
Relationship Manager Foreign Exchange
ICICI Bank Limited
04.2017 - 04.2020
PGDB - Banking and Insurance
Manipal Academy of Banking And Finance
Bachelor of Engineering - Mechanical Engineering
KGISL Institute of Technology
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