Krishna Chaitanya Darbhamulla

• 3i- Infotech - MEARC from 01Apr2013 - till date

Designation: Sr. Consultant - Operations Risk Management
Department: Enterprise Risk Management
Client Name: First Gulf Bank
1. Foster and promote Organization's/Group's commitment to a strong risk management culture by developing a control mindset within the business.
2. Leads the development of controls and measures to identify excessive operational risk and/or control problems at an early stage and ensures that immediate measures are taken to maintain quality and efficiency standards. For eg: Suggesting either a SIR or a RA (Risk Acceptance)
3. Monitor pending and due recertification and ensure prompt and timely closure. Evaluation of recertification on a regular basis, to ensure correctness & completeness to weed out inactive User Ids for maintaining a strong ID Management. Further verifying the exit checklist of attrition staff for better control effectiveness.
4. Reviewing the Key Operating Procedures (KOP/SOP) effectiveness and ensuring timely recertification with the new updates on a quarterly basis.
5. Ensure that current policies and procedures are in place (and are being followed) for business unit functions and are in compliance with organizational standards and regulatory requirements. Besides ensuring the staff are provided adequate training on all the policies relevant to the day to day activities. Circulating Crisp awareness posters and flash slides on all basic risk aspects and hygiene factors ( Initiatives like - Did You Know, Are you aware of the existing controls, Risk It - Quiz on Controls)
6. Root Cause Analysis (RCA) on all Operational errors/losses to identify appropriate preventative and detective controls are in place for business functions and drive recommendations to strengthen control weaknesses.
7. Act as an escalation point for risk and control related matters for the entire department and responsible for implementation of Incident Management Policy
8. Collaborate with other risk management teams, besides working closely with Group Control team.
9. Serve as department lead for all audits and regulatory examinations. Track and monitor all audit report and regulatory examination findings to ensure all open issues are resolved and closed in a timely manner.
10. Providing Transition Toll Gate sign off on new projects from Risk & Control Perspective
11. Conducting independent Design Evaluation & identifying design gaps, implementation and operating effectiveness, to evaluate compliance with internal policies, and assess the effectiveness of designed controls. All identified risks to be discussed with the process manager and suggest/derive specific action plans and ensure timely closure for all by tracking.
12. Assess operational readiness of the business unit's ability to take on a large, new client prior to client on-boarding.
13. Monitor and report all SLA breaches and preparing MIS to the Management - Process wise Heat Map, risk scorecards, implementing the Quality Assurance projects
14. Preparing & sign off on Self Assessment (RCSA) process and spot validation on an ongoing basis
15. Serve as the liaison and key point of contact for all Internal Audit, Compliance and Regulatory reviews for the operating group.
16. Ensuring the relevant BCP/BCM scripts are in place and reviewing the same on an ongoing basis and escalating the gaps to management.

Risk Analyst as of Cash & Trade Operations reporting to Vice President. Daily activities
include root cause analysis, KPI reporting, training new entrants on Risk Management,
KOP review, Fraud Investigations, Design Evaluation & Control Testing, RCSA, KRI

From 03Nov10 to 27Sep2011: Designation: Analyst 6.1 \nDepartment: Payments & Cash Operations \n \nDuties & Responsibilities: \n1. Handling Institutional Client's enquiries on a day to day basis related to FX transactions \n2. General Maintenance of FX accounts of Business Customers/Clients \n3. Swift Messages of MT103, MT202, MT199, MT299, MT210, MT101 \n4. Investigate and clear unmatched entries relating to transactions processed and also which are outstanding in Nostro and other internal accounts \n5. Report suspect transactions to Team Lead and Managers \n6. Making Manual Payments on those Cases which were returned due to incorrect SSI \n7. Related inquiries of MT202, MT103, M192, MT292, MT210 and also sending MT299 free format Swift message \n8. Handling email queries related to Claims and Investigations and Ensure enquiries are answered promptly, accurately and efficiently

4. UBS India Service Pvt. Ltd: \nFrom 24 SEP 2007 to 25 SEP 2009 \nDesignation: Associate \nDepartment: Treasury operations \nTeam: FXMM -IBOPS \n \nProducts: FX (Spot, Forwards, Swaps, Options) and MM \n \nDuties & Responsibilities: \n• Client Study, managing various funds & trades and understanding the unique nature of clients, their specific requirements, and their Confirmation & settlement method. \n• Monitoring & management of Queues as per the standard check list & SLA \n• Confirmation of trades done in FX via SWIFT/eMail/Phone and related inquiries on MT300 \n• Confirmation of the Settlement Instructions and digging the discrepancies on either side of the trade \n• Making Payments via MT202, MT103 and handling cancellation requests received via MT192/MT292 \n• Inform Cash Management team about the receipts of early currencies and processing of book transfers/Journals \n• Investigate and clear unmatched entries/outstanding entries on Nostro accounts and other various internal accounts, besides handling queries related to various trades \n• Escalation of high tickets of non-receipts to management for further evaluation \n• Preparing Weekly report of all non-receipt entries for regulatory reporting \n• Validating Interest Claims on UOF/Back Valuation related to late receipts/late payments \n• Preparing write off document for approval to pay-off claims

• 5. BA Continuum Solutions Pvt.Ltd, (A Wholly non-subsidiary bank of Bank of America) 15MAY2006 to 21SEP2007 \n \nDesignation: Associate \nDepartment: Market Operations \n \nDuties & Responsibilities: \n• Client Study, managing various funds & trades and understanding the unique nature of clients, their specific requirements, and their Confirmation & settlement method. \n• Monitoring & management of Queues as per the standard check list & SLA \n• Confirmation of trades done in FX via SWIFT/eMail/Phone and related inquiries on MT300 \n• Confirmation of the Settlement Instructions and digging the discrepancies on either side of the trade \n• Making Payments via MT202, MT103 and handling cancellation requests received via MT192/MT292 \n• Inform Cash Management team about the receipts of early currencies and processing of book transfers/Journals \n• Investigate and clear unmatched entries/outstanding entries on Nostro accounts and other various internal accounts, besides handling queries related to various trades \n• Escalation of high tickets of non-receipts to management for further evaluation \n• Preparing Weekly report of all non-receipt entries for regulatory reporting \n• Validating Interest Claims on UOF/Back Valuation related to late receipts/late payments \n• Preparing write off document for approval to pay-off claims