VENKAT RATNAM KOTHARU
CHENNAI
Summary
Focused Compliance Officer bringing many years of expertise in regulatory compliance, audit procedures, project oversight and risk management. Excellent history of delivering effective leadership and training to support staff development. Driven and strategic with an aptitude for program management. Advanced knowledge of audit methodologies, functions, and compliance teams.
Overview
18
18
years of professional experience
Work History
Compliance Officer
UNION BANK OF INDIA
CHENNAI
05.2023 - Current
- Investigated potential violations of applicable rules and regulations.
- Conducted regular internal audits to ensure compliance with established standards.
- Assessed the effectiveness of existing processes and procedures related to compliance.
- Identified gaps in existing controls and recommended corrective actions as needed.
- Ensured timely completion of periodic reports required by regulators.
- Reported any identified discrepancies or irregularities to senior management.
- Maintained and revised policy procedures for general operation of compliance program.
- Planned and executed compliance audits to check company policies, procedures and controls.
- Utilized risk management techniques and business knowledge to improve compliance programs.
- Collected and reviewed data to identify potential compliance issues requiring further review.
BRANH MANAGER
ANDHRA BANK UNION BANK OF INDIA
AGRA HYDERABAD CHENNAI
08.2011 - 05.2023
- Directed daily operations of the branch, including customer service, human resources, sales and marketing activities.
- Developed strategies to increase customer satisfaction and loyalty.
- Reviewed loan applications to ensure accuracy and compliance with regulations.
- Conducted regular performance reviews for all employees in the branch.
- Managed staff scheduling, hiring and training processes.
- Monitored financial performance of the branch on a monthly basis.
- Implemented internal control procedures to minimize risk exposure and maximize profitability.
- Provided guidance and support to team members regarding problem resolution and customer service issues.
- Maintained up-to-date knowledge of industry trends, competitive landscape and regulatory environment.
- Identified opportunities for process improvement initiatives within the branch.
- Assisted other branches when needed during peak periods or special projects.
- Provided feedback on employee performance evaluations conducted by supervisors.
- Managed and inspired team members to perform to full potential, driving branch profitability.
- Assigned duties to employees and examined work for accuracy, neatness and timeliness.
- Built strong rapport with new and existing clients to better serve financial needs and promote branch loyalty.
- Verified cash by balancing cash drawers and maintaining cash count records.
- Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
- Conducted reviews and evaluations for cost-reduction opportunities.
- Checked payroll, vendor payments and other accounting disbursements for accuracy and compliance.
- Managed relationships with tax authorities, bankers and auditors.
Forex Officer
ANDHRA BANK
NEW DELHI
04.2009 - 08.2011
- Ensured compliance with relevant regulations related to Forex trading activities.
- Provided technical advice regarding foreign exchange transactions for internal customers.
- Reviewed documentation associated with foreign exchange transactions for accuracy and completeness.
- Managed customer relationships by providing exceptional customer service.
- Developed and maintained relationships with customers and assisted in generating sales opportunities.
- Acted as buyer or seller representative when arranging sales.
- Discussed ideas and strategies to improve operational efficiency, adding value and aiding business performance for continuous improvement.
CTS CLEARING
ANDHRA BANK
NEW DELHI
05.2007 - 03.2009
- Contributed innovative ideas and solutions to enhance team performance and outcomes.
- Identified needs of customers promptly and efficiently.
- Utilized various software and tools to streamline processes and optimize performance.
- Recognized by management for providing exceptional customer service.
Education
MBA - FINANCE
ICFAI
HYDERABAD11-2022
CAIIB - BANKING
IIBF
MUMBAI02-2010
BACHELOR OF COMMERCE - COMMERCE
SVRK GOVT DEGREE COLLEGE
NIDADAVOLE05-1989
Skills
- Auditing processes
- Investigations skills
- Deficiency documentation
- Capital markets
- Compliance reviews
- Regulations enforcement
Timeline
Compliance Officer
UNION BANK OF INDIA
05.2023 - Current
BRANH MANAGER
ANDHRA BANK UNION BANK OF INDIA
08.2011 - 05.2023
Forex Officer
ANDHRA BANK
04.2009 - 08.2011
CTS CLEARING
ANDHRA BANK
05.2007 - 03.2009
MBA - FINANCE
ICFAI
CAIIB - BANKING
IIBF
BACHELOR OF COMMERCE - COMMERCE
SVRK GOVT DEGREE COLLEGE
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