Ira Krishnan
Summary
Dynamic senior leader with over 20 years of success in managing risk and driving enterprise-wide transformation initiatives. Expertise in banking operations and risk management practices spans multiple products and business lines, complemented by a strong ability to influence stakeholders and foster consensus to facilitate change. Results-driven professional with strong history of optimizing business processes and leading diverse teams. Adept at implementing strategic improvements and fostering culture of continuous development. Known for reliability, adaptability, and keen focus on delivering tangible results through effective collaboration and leadership.
Overview
21
21
years of professional experience
1
1
Certification
Work History
Senior Supervising Examiner
Federal Reserve Bank of New York (FRBNY)
08.2021 - Current
- Led supervisory efforts across risk stripes evaluating the effectiveness of governance and controls to promote the overall safety and soundness of supervised institutions.
- Led several firm-specific and cross-firm reviews as the Examiner-in-Charge (EIC) leading team of examiners with focus on governance, operational risk management including new payments technologies, cloud migrations, technology risk assessment frameworks, technology modernization strategy, project management, change management, vendor risk management, and three lines of defense frameworks.
- Led supervisory meetings with board members and C-suite to convey supervisory expectations and deliver key supervisory messages including firm annual ratings.
- Actively built and have maintained strong, effective relationships with stakeholders both locally and at system level including FR Board staff, FR technology, policy, and with other regulatory agencies (SEC, OCC, FDIC) including international regulators.
- Provided leadership to the continued maturation of the FRS system wide operational resiliency program.
- Co-managed, mentored, and coached new team members to develop and grow their skills as examiners.
- Collaborated with Payments Market Infrastructure Policy to develop and launch “Future of Payments” online training modules focusing on innovation and emerging trends and risks in the payments space.
- Co-secretariat on the Senior Supervisors Group (SSG), an international body of executive level representatives from the supervision authorities with oversight of the world’s largest financial institutions.
Governance, Liquidity, and Strategy Supervisory Examiner
FRBNY
11.2019 - 08.2021
- Led oversight for evaluating governance and control practices with focus on business product office, settlement activities, liquidity simulations, systemic risk management, and operational risk.
- Led team efforts to identify changes in risk profile and strategy and assess firm’s liquidity and settlement activities to ensure compliance with regulatory requirements.
- Led continuous monitoring meetings with the firm in wholesale and retail payments product coverage from a strategic, risk and control perspective and evaluating firm’s progress in MRA remediation.
- Spearheaded discussions involving potential changes to the firm’s product and service offerings based on changing payments landscape (industry trends) and participant requirements from a business case and risk management perspective and assessed firm’s management reporting/MIS to senior management and board.
- Served as the EIC for annual roll-up and corporate exams and led efforts to prepare roll-up materials and delivering ratings and supervisory messages to the firm’s board of directors.
VP, Deputy Head Compliance Testing Group (CTG)
Goldman Sachs, Compliance
04.2016 - 10.2019
- Developed, designed, and led the execution of CTG’s strategy of testing policies and procedures in connection with the regulatory expectations for GS Bank’s retail banking business (Marcus online deposits and lending businesses) including testing for launch of the new credit card business (focus area consumer compliance requirements, lending regulations, and GS Bank’s vendor program)
- Developed and led testing for key operational controls around Wealth Management Business processes related to payments and securities transfers; changes to customer account information, including customer investment objectives changes.
- Led team efforts to conduct customer accounts transaction testing, broker-dealer branch office review as required by FINRA rules (including supervisory practices, registrations, information barriers, suitability of investments, conduct risk, and handling of customer complaints).
- Led team efforts for design of forensic review of written and voice electronic communications to identify potential inappropriate employee conduct including sales practices.
- Prepared annual testing plan based on risk-based prioritization and in the execution of those strategies for GS Bank and Operations coverage areas.
- Managed a diverse team of compliance testing professionals and fostered their career development through active coaching, regular feedback, and by providing opportunities for professional development and growth.
VP, Global Head Prime Brokerage Clearing Services Collateral and Payments
Goldman Sachs, Prime Services
11.2011 - 03.2016
- Managed a global team responsible for collateral management and payments processing (multi-currency, high value payments) for Prime Brokerage, GS Executing and Clearing, and Listed Derivatives (Futures, Swaps) customers including control checks like BSA/AML checks and authentication controls to prevent fraud risk as well as performing margin and liquidity controls prior to payment authorization and release.
- Provided oversight over team activities such as daily monitoring of client portfolios, managing allocation of collateral, conducting daily margining, assessing pledged assets for sufficiency and eligibility.
- Partnered with technology on gathering business and technical requirements and testing implementation of strategic payments processing system (migration from legacy system to distributed technology platform for payments processing and developing associated controls framework).
- Migrated and enhanced multiple operational processes across regions for convergence, cost, and efficiency benefits leading to consistency across controls and processes.
- Designed and led implementation of resource optimization tools including a Cash management dashboard using data analysis via Tableau used for real-time payments risk monitoring and identifying trends and opportunities for process improvements and streamlining alerts.
VP, Embedded Risk Management
Goldman Sachs, Prime Brokerage and Clearing Services, Americas
01.2010 - 10.2011
- Designed and implemented Risk Management Framework including RCSAs to measure key risks and controls across Prime Brokerage Business. Enhanced capabilities for risk assessment and control testing.
- Led efforts to establish KRIs/KPIs reporting and enhanced risk reporting (trend analysis, risk metrics dashboards) using Governance Risk and Compliance (GRC) tools.
- Worked with Divisional Risk Management, Internal Audit, and Compliance in monitoring and facilitating issue resolution related to audit findings and control inadequacies.
- Worked with functional managers in reviewing Business Continuity Program (BCP) and business resiliency management including key weekly processing risks and reporting to senior management.
- Led quarterly RCSA governance meetings with senior management to discuss risk issues and updates.
VP, Team Manager – Asset Management, Data and Pricing
Goldman Sachs
06.2009 - 12.2009
- Managed the day-to-day critical functions and work allocation across team members and served as an escalation point by addressing issues and driving them to resolution.
- Led discussions with local and global management to develop more effective and optimal processes focusing on resource efficiency and workload allocation across various office locations.
Associate, Team Manager – Asset Management, Trade Management
Goldman Sachs
04.2004 - 05.2009
- Established a new team in by leading migration planning, and execution of trade support operations.
- Functional expertise in trade confirmation, fails management, and liaising with Japanese Trust banks and accounting agents.
- Led efforts to troubleshoot problems and handled escalations for derivatives trade confirmations.
- Identified and proposed several opportunities for process improvements to senior management.
Education
Bachelor of Arts - Japanese Language and International Relations
Jawaharlal Nehru University
IndiaMaster of Arts - Japanese Language and Literature
Jawaharlal Nehru University
IndiaOsaka University of Foreign Languages
Certification
Commissioned Examiner (Large Financial Institution)
Timeline
Senior Supervising Examiner
Federal Reserve Bank of New York (FRBNY)
08.2021 - Current
Governance, Liquidity, and Strategy Supervisory Examiner
FRBNY
11.2019 - 08.2021
VP, Deputy Head Compliance Testing Group (CTG)
Goldman Sachs, Compliance
04.2016 - 10.2019
VP, Global Head Prime Brokerage Clearing Services Collateral and Payments
Goldman Sachs, Prime Services
11.2011 - 03.2016
VP, Embedded Risk Management
Goldman Sachs, Prime Brokerage and Clearing Services, Americas
01.2010 - 10.2011
VP, Team Manager – Asset Management, Data and Pricing
Goldman Sachs
06.2009 - 12.2009
Associate, Team Manager – Asset Management, Trade Management
Goldman Sachs
04.2004 - 05.2009
Bachelor of Arts - Japanese Language and International Relations
Jawaharlal Nehru University
Master of Arts - Japanese Language and Literature
Jawaharlal Nehru University
Osaka University of Foreign Languages
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