Praveen Kumar Prasad

Key Responsibilities Undertaken

• Identification and assessment of various key risks in Mutual Fund functions.
• Develop audit plans based on risk assessment and regulatory framework.
• Effective management and execution of audit plan in accordance with policies, procedures, legal and regulatory requirements for identification and remediation of various risks.
• Provide effective recommendations for improvements to organization's policies, and processes based on leading industry practices and emerging risks.

Policies and Risk register:

• Completeness /comprehensiveness of coverage of existing policies.
• Evaluate to identify and report additional policies that apply to mutual funds.
• Effectiveness in implementation of existing policies.
• Documentation of additional policies identified.
• Documentation and review of Standard Operating Procedure (SOP), ERM, Risk register, Risk Control, and Self-Assessment (RCSA) for AMCs

Risk Management and Compliance:

• Documentation of Enterprise Risk Management (ERM)
• Documentation and review of departmental Risk Register of various departments of mutual funds.
• Oversee implementation of risk mitigation strategies and ensure all operational risks are identified and reported within timeline.
• Review of all reports and disclosures made to SEBI/AMFI/AMC/Trustee/Website including timelines of submission.
• Monitoring of adherence to Prohibition of Insider Trading Regulations and Policy.
• Compliance and adherence to SEBI orders.

Operations:

• Review and ensure adherence to KYC and PMLA guidelines, risk profiling of investors, and reporting of Suspicious Transaction Report (STR).
• Review system's effectiveness including escalation and monitoring of closure of customer queries/complaints.
• Review of timelines for redressal of complaints e.g. social media, SCORES, ODR, etc.
• Review and monitoring of SLA for call center activities e.g. tagging of interactions, TAT monitoring, redressal mechanism etc.
• Produced audit reports

• Lead incorporation, setting - up, and applying for RTA license with SEBI.
• Setting up of company framework for and ensuring all compliances are completed.
• Established electronic connectivity with depositories.
• Establishing API-based integration with intermediaries of SEBI.
• Formulation of SOP and policies.
• Assisting product development team with creation of Backoffice software.
• Collaborated with cross-functional teams to achieve project goals on time and within budget

• Monitoring demat pendency for companies and coordinating with Registrar and Transfer Agents to reduce pendency.
• Interface with Issuer and Registrar and Transfer Agent.
• Coordination with Internal auditor and SEBI auditor.
• Preparation of weekly and daily dashboards for senior management.
• Formulation of Standard Operating Procedures (SOP), policies and circulars
• Provide training to new Registrar and Transfer Agent and guide in pilot testing in UAT environment.
• Coordination with Resolution Professionals for claim settlement and providing desired requirements as per Insolvency and Bankruptcy Board of India.
• Resolving queries and grievances of Issuers and Registrar and Transfer agents (R&T Agents), Issuers and Depository Participants (DP).
• Developed detailed documentation for interface processes, contributing to knowledge sharing and team growth.
• Performed internal system acceptance to deliver well-tested enhancements and meet business requirements.

• Performed of corporate action for ESOP Allotment, corporate action of preferential allotment, warehouse allotment, debenture, commercial paper, certificate of deposit and for extinguishment of debentures.
• Allotment of ISINs for equity shares, preference shares, warrants, commercial paper and other securities.
• Performed corporate action of companies and transfer of securities through scheme of Amalgamation. Arrangement, Merger, Demerger, Novation etc.
• Performed scrutinization and coordination with companies who wish to offer demat facility to its shareholders by admitting securities in NSDL.
• Performed scrutinization of documents, Annual report, Net worth and eligibility of companies who wish to join NSDL as Issuer

• Preparing schedule for inspection to be conducted on monthly basis, conducting inspection of depository participants and preparing complete detailed inspection report of depository participants.
• Placing cases before Senior Management for taking appropriate decisions and action required in each case.
• Regular follow up with depository participants to ascertain compliance status and taking action on implementation on resilience measures, wherever required.
• Handling investor meets in different cities, preparing executive committee report for company on monthly basis and report for regulatory body on quarterly basis.