Srivathsa Chandrasekaran

About Srivathsa Chandrasekaran

Certified Anti-Money Laundering Specialist, Compliance Officer, Financial Crime fighter with over 18 years of banking experience

Experience

1. Director

   Standard Chartered

   May 2023 — Present · Bengaluru, IN

   Strategy:• Oversee the implementation of the SCB Group Compliance methodology (encompassing risk identification, assessment, monitoring, training and advice)• Drive and implement the vision, strategy and direction set by Group Head Compliance for the Compliance Function overseeing GBS, and align it with the broader strategic agenda of the Group and GBSBusiness:• Analyse comprehensive impact of CFCC compliance matters on the relevant business areas and their operations.• Ensure that key changes (to laws, rules, regulations) are communicated and cascaded, in coordination with Group Communications.• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.• Ensure appropriate advice is provided to the relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices, and policies related to Compliance.Risk Management:• Identify and assess sources of regulatory risks and ensure that systems and controls are appropriate to mitigate and manage risks within acceptable risk tolerance levels. Report on material regulatory, compliance risks.• Maintain oversight of risk mitigation action plans.• Inform senior management and Country Compliance of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.• Anticipate horizon risks that may have a significant impact to the Group and develop effective strategies to mitigate such horizon risks.Regulatory relationships and Regulatory change:• Execute and implement functional best practices around regulatory inspections.• Ensure proactive engagement in regulatory reform, including ensuring identification and escalation of regulatory reform proposals, participation in local internal regulatory relationship and reform forums and memberships of local external industry forums.

Education

• Ramakrishna Mission Vivekananda College

  Bachelor of Commerce - BCom, Business/Commerce, General