Experience

  • Vice President & Advisor - Regulatory Compliance

    at Riyad Bank

    August 2014 - at Present

    Minţaqat ar Riyāḑ

    Dear Sir, Greetings. My current job role includes guiding the youngsters on one side and providing resolution to the problems faced by the bank on the compliance and regulatory perspective from local and international regulators that regulate overseas branches of Riyad Bank. With my 28 years of banking experience with exposure to Real Estate, Holding companies, Investment companies, I am confident of providing an appropriate direction to the audit function and provide reasonable assurance to the Board and shareholders. I am willing to take up this challenge and led the audit function besides strengthening the control environment within the company and in all invested companies across Middle East/Europe/Far East. Given an opportunity, I assure that I can provide right direction to the audit function and ascertain that the controls within the company are adequate, effective and sustainable. Look forward to your favorable action. Kind regards, Victor Babu Chinta

Education

  • Certified Internal Auditor

    at Institute of Interrnal Auditors, USA

    2013 - 2013 (1 year) Illinois

  • Certification in Risk Management Assurance

    at Institute of Internal Auditors

    2013 - 2013 (1 year) Illinois

  • Certified Internal Controls Auditor

    at Institute for Internal Controls, USA

    2013 - 2013 (1 year) Illinois

  • Certified Financial Services Auditor

    at Institute of Internal Auditors, USA

    2012 - 2012 (1 year) Illinois

  • M.A.Public Administration

    at Osmania University

    1988 - 1990 (2 years) Hyderābād - Telangana

Services offered

  • Compliance Advisory, Compliance Monitoring, overseas branches in USA and UK,

    Vice President & Advisor, Compliance Dept. Riyad Bank, Riyadh
    Key Result Areas: (from August 2014 till date)
     Providing reasonable assurance to Management / Board of Directors on ensuring compliance with regulatory guidelines/requirements
     Supporting business functions by identifying compliance risks and recommending corrective action to address them
     Supervising compliance monitoring reviews to identify key compliance risks; advising business on critical issues related to KYC/AML & CTF
     Supervised compliance reviews in Business Technology & Information / Cyber Security functions
     Advising Treasury on MiFID, Dodd Frank, EMIR etc. and on the requirements of SPVs floated by the bank
     Advising Corporate & Institutional Banking (CIB) on KYC / AML issues
     Advising business on bank’s compliance with regulatory guidelines
     Training and mentoring compliance staff on regulatory requirements
     Supervised compliance review of bank’s compliance with IFRS standards
    Highlights:
     Visited bank’s overseas Offices and reviewed:
    o Bank’s London Branch, UK as per FCA/PRA/HMT/HMRC regulations
    o Houston Agency, Houston, USA as per Federal Reserve regulations
     Managed Central Bank (SAMA) Inspection on bank’s Information Security involving 16 auditors from SecurEyes, India & SAMA Inspectors
     Secretary to the SAMA Sub Committee on FATCA implementation. Also chaired Sub Committee meetings on few occasions
     Chairman of Task Force for successful implementation of SWIFT KYC Registry involving several business functions in the bank
     Member of Task Force for implementation of applicable General Data Protection Regulations (GDPR) within the bank
     Trained and mentored several internal audit and compliance staff that are currently holding senior positions in the banks in India and Saudi Arabia

Languages

  • English Negotiation

  • Hindi Negotiation

  • Telugu Native

Hives