Summary
Overview
Work History
Education
Skills
Certification
Timeline
Hi, I’m

VIKAS LAXMAN PITALE

Risk Management, KYC and AML, Leadership and Escalation, Trade Finance and Corporate Retail Banking Operations
Thane,MH
VIKAS LAXMAN PITALE

Summary

Risk and Control Manager shaping RCSA testing, KRI reporting, and control enhancement for operations teams. Translates incident trends, loss events, and audit findings into practical control fixes, then follows through until the remediation plan is complete. Supports automation opportunities that improve monitoring quality and reduce manual control effort.

Overview

3
Languages
3
Certifications
19
years of professional experience

Work History

Citi Bank

AVP-C12- Team Lead– CTE(Central Testing Execution)
02.2025 - Current

Job overview

(Worked with EY on B.O.T. project for Citi Bank from Feb 25 to Sep 25)

  • Key performance areas:
  • Supervised team of 8-10 risk and control professionals within central testing execution (CTE) utility (finance flu), facilitating end-to-end quality assurance and on-schedule execution across 4 continuous testing waves.
  • regulatory & MRA remediation: Partner with central testing utility (CTU) to validate 'Matters Requiring Attention' (MRAs) tied to regulatory consent orders (OCC/FED), ensuring control enhancements satisfy stringent compliance standards.
  • administer evaluation frameworks: implement comprehensive testing lifecycles in finance flu featuring control design assessments (CDA) testing design assessments (TDA) and operational effectiveness testing (OET).
  • testing strategy & scripting: supervise enhancement validation and design of efficient testing procedures for monitoring and testing
  • Execute executive-level reporting on control gaps, performing in-depth root-cause analyses and formulating remediation plans to ensure Citi's operational integrity.

IndusInd Bank

DVP - Solutions Delivery Group
08.2024 - 02.2025

Job overview

  • Carry out root cause investigations for internal financial controls review
  • Advocate for automation in workflow to optimize efficiency according to rcsa
  • Support operations unit in implementing new regulations
  • Demonstrated respect, friendliness, and willingness to help wherever needed.
  • Assisted with day-to-day operations, working efficiently and productively with all team members.

UNITY Small Finance Bank

AVP - Banking Operations
06.2023 - 08.2024

Job overview

  • Execute IFC audit and RCSA evaluation for all units
  • Management and finalization of open audit items and developed controls
  • Establishment of Key Risk Indicators and evaluation value
  • Incident tracking for loss/near miss events
  • Analysis of sop and implementation of controls
  • Establish risk assessment register for various units
  • Developed and implemented strategic initiatives to enhance customer engagement and retention.
  • Led cross-functional teams to streamline operational processes, improving efficiency across departments.
  • Mentored junior staff, fostering professional growth and ensuring adherence to industry standards.

RBL Bank Ltd

DVP - Sr Team Lead - Reconciliation and QC
02.2020 - 05.2023

Job overview

  • Conduct IFC Audit for different Operations unit (i.e. Guarantees, DP, WMS, etc.)
  • Quality Control Testing for Trade Operations, CAD
  • Follow-up and closure of open audit items and suggest measures to reduce audit items.
  • Led cross-functional teams to enhance operational efficiency and streamline processes.
  • Implemented strategic initiatives that improved customer satisfaction and retention rates.
  • Developed training programs to mentor junior staff and improve team performance.
  • Analyzed complex data sets to inform decision-making and drive business strategies.

IndusInd Bank

AVP- Corporate & Global Market Operations (CGMO)
06.2017 - 02.2020

Job overview

  • Carry out AML investigations and compliance audits
  • To contribute to and enhance study and investigation of possible aml subjects
  • Tasked with providing AML approvals related to alerts
  • STR submissions and CBWT tracking at FIU
  • Compliance officer for NSDL, CDSL, and regulatory authorities
  • Analysis of retail remittances pre- and post-transaction
  • Inspection of risk assessment checklist for routine monitoring.
  • Responsible for tracking outward swift
  • Management of liability-account reconciliation (Trade compared to CBS systems)
  • Led cross-functional teams to enhance customer experience through process optimization.
  • Oversaw implementation of digital banking solutions, improving operational efficiency.

BNP Paribas

AVP - Treasury Back Office Operations
04.2014 - 06.2017

Job overview

  • Achieved timely processing of merchant forward contract bookings, cancellations, and utilizations. Optimized workflows for managing merchant contract transactions effectively. Responded swiftly to contract changes to support client requirements. Tracked all contract activities meticulously to uphold compliance standards.
  • review and assessment of FX merchant transactions documentation pertaining to underlying and confirmation
  • Handling client issues within underlying document if any before allocating FX trade to it
  • Daily CCI reporting of FX merchant dealings and daily precise settlement of all FX merchant transactions
  • Past performance threshold establishment and oversight
  • Present comprehensive details on merchant transactions to clients aiding submission of annual statutory auditors' certificate
  • Development of regulatory reports, specifically monthly past performance report.
  • Daily nostro account balances and cash flow statements to front office

Yes Bank Ltd

Manager, Corporate Service and Delivery Operations
08.2012 - 03.2014

Job overview

  • Account setup (current corporate funds and escrow)
  • 100% FD margin case creation and alteration requests
  • Opening Fixed Deposit accounts and setting up overdraft limits
  • Processing of remittances in import and export transactions, BG LCs, and documentary collection processes

ICICI Bank Ltd.

Assistant Manager 1, Trade Desk Operations
02.2007 - 08.2012

Job overview

  • Trade Desk Operations at Bhandup and Mulund Mega Branch:
  • Bank realization certificate GR waiver and FDI transaction processing
  • Developed and executed training programs for staff, fostering professional growth and skill development.
  • Led team in implementing process improvements, enhancing operational efficiency and productivity.
  • Managed inventory control systems, optimizing stock levels to meet demand while reducing costs.
  • Issuing Travel Card / Travelers' Cheque / Foreign Currency
  • Cash Manager and authorization and Maintaining the CRL (Cash retention limit) of the Branch
  • Responsible for Demat Desk: Handling Transfer Instructions (Off and On Market) and IDTs and Pledge and Hypothecation requests, Demat and Remat of Shares
  • Monitoring compliance with locker documents and locker operations

Education

University of Mumbai
Institute Of Distance Education

M. Com from Accounts
11-2010

Manipal University
ICICI Manipal Academy

Post Graduate Diploma in Banking from Banking
11-2009

MVDH College
Kalyan

B. Com from Commerce
01-2007

Skills

IFC audit

Control assessment

Monitoring and testing

Risk reporting and KRI management

SOP development

Key risk indicator design

Control testing methodology

Internal control framework

Root cause analysis

Remediation tracking

RCSA testing

Control design assessment

Operational risk controls

Certification

JAIIB and CAIIB, May 2012

Timeline

AVP-C12- Team Lead– CTE(Central Testing Execution)

Citi Bank
02.2025 - Current

DVP - Solutions Delivery Group

IndusInd Bank
08.2024 - 02.2025

AVP - Banking Operations

UNITY Small Finance Bank
06.2023 - 08.2024

DVP - Sr Team Lead - Reconciliation and QC

RBL Bank Ltd
02.2020 - 05.2023

AVP- Corporate & Global Market Operations (CGMO)

IndusInd Bank
06.2017 - 02.2020

AVP - Treasury Back Office Operations

BNP Paribas
04.2014 - 06.2017

Manager, Corporate Service and Delivery Operations

Yes Bank Ltd
08.2012 - 03.2014

Assistant Manager 1, Trade Desk Operations

ICICI Bank Ltd.
02.2007 - 08.2012

University of Mumbai

M. Com from Accounts

Manipal University

Post Graduate Diploma in Banking from Banking

MVDH College

B. Com from Commerce
VIKAS LAXMAN PITALERisk Management, KYC and AML, Leadership and Escalation, Trade Finance and Corporate Retail Banking Operations