Varun Prasad
Operational Risk and Framework | 15+ Years in Banking, Wealth & Investment Operations | Risk Controls and Governance | Compliance
- Role
- Risk Management Professional at Rakbank
- Location
- Chennai, TN, IN
- LinkedIn followers
- 500 followers
About Varun Prasad
Experienced PRMIA-certified Operational Risk professional with 15 years in UAE banking…
Experience
Risk Management Professional
Sep 2021 — Present · Dubai, AE
Operational Risk Management | Risk and Control Self-Assessment (RCSA)| Key Risk Indicators (KRIs)| Regulatory Reporting | Incident ManagementManaging and monitoring business-as-usual (BAU) risk activities, including risk assessments, Key Risk Indicators (KRIs), breach reporting, and incident management. Preparing and submitting comprehensive monthly and quarterly risk reports for senior management and Central Bank regulatory requirements. Facilitating regular training sessions for business and operations teams to enhance awareness and application of risk management principles. Supporting the Operational Risk Manager in developing and strengthening the operational risk framework in alignment with the bank’s risk appetite. Ensuring consistent implementation of a robust operational risk management framework across the organization. Promoting a strong risk and control culture throughout the bank. Overseeing and supporting operational risk initiatives such as incident reporting, Risk and Control Self-Assessments (RCSA), and KRI development and monitoring and reporting of breaches. Reviewing RCSA outputs and findings, and follow up on necessary corrective actions or updates to policies, procedures, and processes to ensure effective risk assessment and mitigation methodologies are in place. Ensure timely closure of audit findings and compliance actions. Analyze loss events and conduct RCA and recommending controls. Assisting in the review of new and renewal Product Papers to identify potential risks. Support fraud risk management and implementing corrective actions and preventive actions. Coordinating the periodic submission of the Risk-Based Supervision (RBS) survey, Chief Risk Officer (CRO) questionnaire and periodic market conduct assessments to the UAE Central Bank, along with associated risk reporting. Participating in the implementation of the Governance, Risk, and Compliance (GRC) system within the bank to enhance risk oversight.
Education
University of Kerala
B COM
2003 — 2006
Institute For Technology and Management
MBA
2008 — 2010
Skills
- Financial Analysis
- Investments
- Trading
- Investment Banking
- Financial Accounting
- Equities
- Financial Reporting
- Capital Markets
- Wealth Management
- Relationship Management
- Portfolio Management
- Mutual Funds
- Accounting
- Securities
- Fixed Income
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