Prashant Janakiraman

• Served the Citi Compliance Testing & Monitoring Organization as a Sr Vice President since the inception of this function in Citi back in 2012, this being the fourth position / role in the Compliance Testing organization as an SVP and Review Manager for the AML Sanctions and AB&C Testing team.
• Post the transformation and re-organization of Citi Independent Compliance Risk Management and Compliance Independent Assessment, serving as a AML Sanctions and AB&C Testing Review Manager for the Citi US Personal Banking Line of Business.
• Managed and collaborate with Compliance Independent Assessment management team in development, implementation, and execution of compliance testing annual plan and reviews, engage with ICRM PCOs for significant compliance risk assessments of US Personal Banking business, and evaluate significant risk themes for synthesized the Annual Compliance Independent Assessment Plans for 2024 and collaborated with ICRM Product Compliance and Financial Crimes Program advisory teams to develop Testing and monitoring CIA Testing Plan for 2025. Developed and executed a robust CIA Testing Pan for 2024 to monitor for compliance with rules, laws, and regulations.
• Managed the pre-planning, scoping, oversight execution, and delivered high quality reporting of compliance testing reviews and compliance and regulatory issue validation activities for the USPB Businesses within the NAM cluster in accordance with the CIA Annual Plan.
• Owned the Significant AML Regulatory Changes program testing Globally, that supported CIA management in developing a valued interactive program of testing that provided regulators and ICRM AML stakeholders' insight and assurance for regulatory and business changes.
• Managed resources assigned to book of work and assist management in project capacity planning, assigning staff appropriate to the book of work, worked with recruitment team to assist management to pitch and spot and attract the best talent for new and rehire positions, and provide the team with training and development on a continuous basis.
• Re-opened complex and firm and regulatory sensitive issues after validations, and continuing to support stakeholders, through timely credible challenge at milestone completion stage.
• Collaborated with ICRM Product Compliance on assessing Significant Compliance Risk Assessments and prepared CA Monthly and Quarterly Reporting Summaries.
• Pioneered strategic process enhancement, development and enhancement of the CA Methodologies and Standards through UAT Testing and suggested enhancements of the Tableau Prep dashboard reports, automation workflow system development.
• Permanent member of the NAM Regulatory Reporting Oversight forums representing CIA for over 3 years and provided numerous credible challenges to business assessment of the control environment (of relevant assessment units), including issues management, Manager's Control Assessments (MCA), Internal Audit Assessments (and related control metrics such as Issues Being Actioned by Management (IBAM), Reopens, Regulatory Issues.
• Built strong and effective relationships within CA program team function and with ICRM Product compliance advisory, business risk and control and technology stakeholders, as well as Financial Crimes Internal Audit function to ensure diligent delivery of a plan of work that provides assurance over the key risks for the US Personal Banking Business.

• Permanent Member of the NAM Regulatory Transactions Reporting Forum (RTR) and participate in the Global KYC Committee on behalf of Financial Crimes Compliance Testing
• Plan, drive and manage Annual Plan of Financial Crimes Compliance Testing reviews for NAM / Global
• Lead and execute Global AML Review/ Monitoring exercises under the mandate of the Global Regulatory Change Management Program covering LATAM, NAM, Mexico, EMEA and APAC
• For this Testing Program I tested accountable executives from AML across 60+ country AML and cluster AMLCOs in 4 years
• Responsible to manage a direct team of six Compliance Testing Review VPs/Senior Associates and a pool of 11 other compliance testing professionals from within NAM Financial Crimes
• Cover the full spectrum of Businesses for Financial Crimes Risks, across Markets, Banking, Wealth, Services
• Plan, Lead and manage assigned Monitoring Procedures, Issue Validations and Reviews that span regulators across multiple geographic clusters including NAM specific regulatory required and targeted reviews in the Fin Crimes domain
• An effective understanding of the AML, Sanctions and Anti-Bribery laws across multiple cluster jurisdictions
• Work with the Global Financial Crimes CT Head and NAM Fin Crimes Director for Annual Plan design and maintenance, coordination of Financial Crimes Internal Audit exercises and Regulatory Exams on Compliance Testing function
• Lead, guide and provide oversight for documentation executed by a multi country/ Regional Pool of Global Compliance Testing reviewers during execution of Reviews/Issue Validations/ Monitoring
• Leveraged previous roles exposure to internal and external control functions and Local Banking regulators
• Demonstrated history of effectively assessing and managing competing priorities
• Extensive experience in managing Financial Crimes professionals with diverse backgrounds
• Extensive global compliance testing experience, and strong knowledge of regulations that govern Banking and Markets business and products
• Developed strong partnerships with Business, Product and Operations senior stakeholders to effectively execute Testing plans.

• Led and executed 16 ICRM Compliance Testing reviews for Citi's Consent Order projects (Articles V, VI and XI) based on Global Compliance Assurance Standards in Pre-Closure Compliance Testing (PCT) reviews - spanning varied products and businesses and global function standards
• Engaged project stakeholders from Compliance Risk Management Advisory, Global ICRM Project Management and project owners from the business or AML to review and identify open risks in project design and operating effectiveness
• Executed AML Consent Order Projects around Article VII MRA - Trade Finance AML Monitoring, Article XI NPA (New Product Approvals) projects and Article VI OCC Consent Order for KYC reviews across all Citi Business Sectors.

Led The ICRM Function for Bangladesh as interim Head of Compliance, and successfully managed the ICRM Compliance Program for a predominantly Treasury Trade Solution and a Markets and Corporate Banking franchise

• Permanent member of all Country Compliance and Control Governance Committees and represented country in all Cluster ICRM Committees
• Provided sound Markets and Banking advisory on local and home regulations for the Banking, Markets & Shared Services Business, and the Treasury & Trade Solutions (Services) Product and Corporate Banking
• Advised staff across country and business and operations teams day to day compliance policy guidance on function/business/product rules and regulations relating to operations, transactional approvals, and the application of internal compliance policies
• Managed a team of three Compliance professionals including Bangladesh Country AMLCO.
• Developed and retained talent; managed capacity required to carry out the unit's responsibilities effectively
• Mentored and developed junior staff members
• Tracked changes to rules/regulations and other industry news including regulatory findings
• Providing compliance coverage for Citi Bangladesh across Banking, Markets and Treasury and Trade Solutions (Services)
• Provided oversight and guidance over the assessment of complex issues, structures potential solutions and drives effective resolution with other stakeholders
• Provided advice to the function/business/product on an ongoing basis on new initiatives, new products, acquisitions, and client-related matters with respect to applicability of policies, resolution of potential red flags or other client/transaction-related compliance escalations
• Performed compliance reviews of new transactions and/or products
• Managed ICRM implementation of new cluster / global initiatives, systems, controls, and related project management
• Assisted in the development and administration of Compliance training
• Analyzed the impact of new and complex regulatory developments across the assigned product, including cross-border impact
• Providing oversight and guidance over the assessment of complex issues, structures potential solutions and drives effective resolution with other stakeholders
• Served as liaison with Audit, and external auditors on critical Compliance issues and oversaw the implementation of remediation
• Collaborated with Country leadership team, including Legal, business management, Operations, Technology, Finance, other Control Functions, and In-Business Risk to address compliance issues which may impact the assigned business/product/function
• Oversaw the monitoring and identification of regulatory developments, and new laws, regulations, rules, and interpretations or guidance relating to the product supported.

• Designed and executed the Compliance Assurance Plan for South Asia Cluster - covering key local regulations, Corporate Compliance requirements, and AML, Sanctions and Anti Bribery Corruptions programs across legal vehicles
• Developed a six-member team with oversight in review planning and testing procedures and monitor the annual plan
• Influenced business and product compliance management on issues identified in the reviews and formulate Corrective Actions plans that address the issues/risks and ensure resolution timely.
• Continuous evaluation of the review scope, testing process, documentation of work-papers/test results and reports and to ensure quality and consistency of reviews with the Global CT Standards and Procedures
• Closely engage first line of defense (In-Business Control) / ERM (Enterprise Risk Management - for Operational Risks), Internal Audit and Product Compliance
• Led 140+ Compliance Assurance reviews across sectors and businesses
• Reviews covered Commercial and Wholesale businesses for ICRM Policies and Regulatory Guidelines and regulations on product compliance
• Covered all the Top Tier Corporate, and Consumer Banking including Financial Crimes, statutory and technology related local regulations issued by the Central Banks and their Financial Intelligence Units in South Asia (India Sri Lanka and Bangladesh) over four years
• This includes Local Regulations around Fraud Prevention, Customer Grievances, Model Code of Conduct and Fair Practices Codes.

• Oversaw Branch Control Reviews for CitiFinancial Consumer finance with 400 branches
• Designed and executed an annual, branch controls review plan with a team of ten (10) compliance control reviewers
• Designated as the Principal Regulatory Officer for this Legal entity
• Designated Head of Compliance, AML and Sanctions Head for this entity and was a member of three of the governance committees including the Financial Control Committee, Ethics Committee and the Business Risk Compliance and Control Committee
• Oversight over the quarterly MCA assessments for 13 MCA entities across the business, global functions and product teams including the Legal entity MCA
• Served as Permanent member of the CitiFinancial India Fraud Oversight Committee, tasked with internal fraud investigations during the wind-down and divestiture process.

• Was the National Credit Operations and Remedial Management Head, Asset Finance Business, India in the period 2003-2008
• Managed the Credit Risk Program, documented Credit approval processes, designed the and implemented the India Asset Finance MCA and control monitoring program nationally for the business
• Served as Head of Credit and Program Risk Manager for a US$ 1Billion Portfolio of retail receivables, Trade Products, and Banking loans to retail/wholesale customers in India Asset Finance business in the period 2008-2010
• Authored, maintained, and managed the India Asset Finance Credit Program
• Led a national team of 30 credit managers in the Risk global function / organization
• Led a country team of 120 staff members including managers of managers, for a collections / remedial and recovery team
• Developed a network of soft collections agencies, deep bucket recovery and managed a cost of credit budget for a US$ 1 Billion asset portfolio
• Credit signing initials of US$ 2.5 Million - Program Asset size of US$ 1 Billion originated organically
• Evaluated individual and wholesale client credit applications and credit appraisals as well as managed risk approvals for annual renewal of exposure for Consumer lending, Liability and Services products underwriting fraud risks, product risk, credit risk and compliance risk in a US$ 1Billion retail consumer loan portfolio
• Developed the Risk and Control Self-Assessment (RCSA) and Process, Risk, Control mapping for the Consumer Asset Product MCA
• Identified, tracked, and addressed a series of control deficiencies for the Product
• Managed the Risk and Control Self Assessment and MCA design, and execution including the Annual Risk Assessment process.

• Executed the Commercial Asset Lending Risk program in India -in various roles from branch credit to national portfolio manager
• Executed the Asset Based Finance Country Risk Program (client size of > 100, 000 and Portfolio size of US$1 Billion) including compliance with Local AML Laws and Regulations
• Designed lead indicators for Fraud Prevention and monitored Early Warning indicators for Credit Classification of name managed accounts into Early Warning, Collection, Non-Accrual and Charged off accounts.
• Served as Fraud Control Head of India Asset Finance to establish a Fraud Prevention program for a high fraud risk business in its inception period
• Established and managed a network of Fraud prevention third party infrastructure for consumer asset finance operations in India with the use of Ex-Law enforcement agency members and coordinate with the Law enforcement in India to collect intel, perform due diligence on other Citi collections agency staff, and third-party entities at a national level.