Prabha Nagarajan - Professional Summary:   

 

I am a Qualified Accountant with over 12 years experience in implementing and managing Financial Control/Operational Risk Frameworks as well as other regulatory/process improvement frameworks both as a PMO function as well as an SME. My core skills include running stakeholder information gathering workshops, Mapping Business Process, performing gap analysis and re-engineering business processes to improve effectiveness.

Working within the Financial Services, I have experience in Investment Banking, Insurance, Credit Card Business, Retail and Corporate Banking and related third party suppliers.

Below is a sample of functional areas covered as part of my projects - GL & Subledger Projects (SOX 404, 302), Consolidation of Financial Statements, MCEV Reporting, Liquidity Management and reporting, Anti Money Laundering, Trading Front and Back Office, Payments Processing, Credit Card Processing,  Human Resource and Payroll, Cash Management.

 

Prabha Nagarajan - Professional Experience:  

 

International Investment Bank                                                 October 10 – Date

Role - PMO (reporting to CEO’s Office)                                                                                                                           Location – London

 

 Engaged by the London Branch of this Bank, to work with the different departments to  process map their core business (corporate and investment banking), identify and document the controls across front office, operations, risk, compliance and finance and subsequently implement a Quarterly Attestation process off the back of this.  I work as the PMO function liaising with senior management and the business stakeholders through all stages of this project.  I also reviwed existing processes and made recommendations for improvement which helped the business meet FSA requirements for Liquidity (BIPRU 12) and Anti Money Laundering (JMLSG) and for internal audits within Risk, Operations, Compliance and Finance.

 

Large British Bank                                                                 September 09 – Jan 10

Subject Matter Expert (Contractor)                                                                    Location – London

 

Reviewed the 'As is' process in various  payment processing Centres across the world for compliance with Bank's Payment Security Standards and to identify the controls risk exposure.  The payment reviewed related to manual and electronic client payments, card payments , loan disbursements as also trade settlement payments for Fixed Income, Equities, Commodities, Futures, etc. Reviews were conducted at Back Office payment processing centers as well as in individual payment units. The process for Beneficiary setup (SSI) for payments was also reviewed as part of this exercise. Gaps identified were discussed with Management and action plans agreed to improve the process.

 

Multinational Insurance & Asset Management Company                                                                   Dec 08 – August 09

Project Manager/Controls Specialist (Contractor)                                             Location - London

Responsible for implementing a Financial Controls framework within the Group function in line with Guidance from the central project team. The core consolidation process for Statutory and MCEV reporting was in scope.  My responsibilities spanned from planning the implementation, agreeing dates with stakeholders, running workshops and documenting 'As is' processes, identifying key Risks and  controls within these processes, performing a gap analysis and working with the Business to fix these gaps,  liaising with Audit for testing the Key Controls in order to achieve compliance with Management's objectives.

 

Credit Card Service Provider                                                        August 2007 – Nov 08

Business Process Consultant (Contractor)                                   Location - London

Liaising with the business, documenting their 'As is' processes and key controls, identifying remediation, walking through the Business Processes, testing controls and concluding on their SOX compliance status. For GAPs noted,  agreeing remediation action and dates with the Business Managers, followed by another round of testing. Keeping abreast of SOX regulations to ensure compliance with the same.

 

British Retail and Business Bank                                           August 2005 – Dec 2006

PMO/Financial Controls Specialist                                          Location - London

Working within the Finance team to embed SOX compliance within the business – leading the transition from Project mode into a Business-As-Usual Activity within Retail, Business Banking, Insurance and Mortgage businesses. Lobbying with PMO team to implement changes required by the division.

Provide central direction and support to a team of 8 Financial Controls Specialists demonstrating  project and people management skills. Long-standing remediation items were resolved through my initiative. In addition, provided guidance and implemented standardized processes to enable the transition to BAU, set-up and managed a document management website, defined user requirements for system generated MI used for decision-making and generally acted as the finance key contact for SOX.  This included representing Finance-SOX in Steering Committees and management meetings.

Ensuring the Basel II project was on track and that Management Letter points from previous years were addressed. Reviewed the Risk Management databases for outstanding remediation, consolidating the outstanding issues, agreeing action plans and reviewing their implementation before sign-off.  Liaised with the external and SOX auditors on behalf of Finance to ensure information required was available and any concerns were promptly discussed and addressed.

      Re-engineering the control framework for the Cash Management process.  This included improving manual and automated processes and systems and their application. This role required liaison with Barclays Management and Third Party Service Providers in order to find a solution to cross-functional SAS70 issues (Key parts of the process were outsourced to monopoly suppliers and needed extensive negotiation to bring them around).

Additionally, have a good understanding of the Control Activities attestation framework (GL level and Cost Centre level), disaggregating financial numbers for SOX, and producing MI to facilitate decision-making (using pivots, etc).

 

Prabha Nagarajan - Education:    

 

Education:	Chartered Accountant from the Institute of Chartered Accountants of India Bachelor of Arts, Bangalore University, India Prince 2 Practitioner
Work Exp.	Over 12 years

 

Prabha Nagarajan - Interests:     [ Not Updated Yet ] 

 

 

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