Prabhat Jain, MBA, CSM

Experience

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  Financial Services

  Jan 2005 - Oct 2010

  Global Leadership Roles
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  ADP

  Nov 2010 - Jan 2011

  Digital Transformation Consultant
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  State Street

  Oct 2011 - Dec 2014

  Performed daily oversight of multiple derivative products including: USD/Foreign futures margin tie-outs and swaps/options trade verification.Responsible for daily pricing/fair value pricing of long term and short term holdings Ensured delivery of nightly deliverables and fund prices to the Transfer AgentMonitor daily accruals, verify trading activity, and manages offline spreadsheets to support 100% Net Asset Value accuracy for complex master-feeder fundsWorked in conjunction with individuals on the team, other shared services/Center of Excellence, India and Client Operations to ensure seamless processing of cash and custody events according to the fund’s policies Show less Managed AML/ CIP, Fund Audits, Financial Reporting, Management Technology Audit and various other projects as a Relationship Manager for more than 40 clients.Analyzed business trends and daily fund audit reporting for Mutual funds and Hedge Funds. Generated reports for Mutual Funds, Fund of Hedge Funds and coordinated client reporting process across all Transfer Agency (TA) teams.Performed mutual fund audits with Big Four audit teams for more than 60 institutional clients and acted as the go-to person for quarterly and annual audit inquiries under Dodd Frank regulations. Conducted a KYC / AML current vs. target state gap analysis (CDD, Sanctions Screening, EDD, Risk Rating, Transaction Monitoring, Automated/Manual Suspicious Activity Monitoring, Periodic Account Reviews) Show less

  • Mutual Fund Accountant and Business Analyst

    Jan 2014 - Dec 2014

  • Compliance Business Analyst PM

    Feb 2012 - Jan 2014

  • Global Markets Operations Data Management Analyst

    Oct 2011 - Jan 2012
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  Foreside Financial Group, LLC

  Jan 2015 - May 2016

  Senior Consultant-RIA, Regulatory & Compliance

  Conducted 20 independent reviews of Investment Advisor compliance programs and AML policies.Developed comprehensive compliance manuals for 15 clients under SEC Rules 38a-1 and 206(4)-7 in addition to a comprehensive gap analysis in accordance to guidelines established by Investments Advisers Act of 1940.Owned on boarding process by performing anti-money laundering due diligence reviews of investment companies and their transfer agents per the guidelines established by the USA PATRIOT Act.Conducted due diligence by verifying Know Your Customer (KYCs) information, Article of Incorporation, PEPs (Political Exposed People), business activities including transactional analysis, and SARs (Suspicious Activity Report) Reporting. Reviewed mutual fund and institutional marketing material for accuracy and compliance with SEC regulatory and GIPS requirements, including assessment of performance charts, citations and all other relevant material.Performed mock audit for more than 30 clients involving infrastructure risk assessment and compliance readiness. Show less

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  Atlantic Designs

  May 2015 - Jan 2019

  Director-Head of Digital Product Transformation Strategy
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  Wells Fargo

  May 2016 - Feb 2017

  Senior Management Consultant- Risk Strategy

  Led a team of consultants, quality assurance (QA) analyst and developers to implement a counter party credit risk platform for a fortune 100 bank using agile methodology.Facilitated working sessions with business SMEs and stakeholders to gather financial crime and financial services compliance business requirements to develop and implement compliance program components to Enhance and Strengthen Sanctions Screening Processes.Created 40 technical requirement documents and owner of change requirement work-flow based on statement of works.Acted as a business liaison between business client and developers in a project involving User Interface (UI), User Experience (UX), and database mapping.Translated business requirements into IT system functional requirements and developed high-level project plansManaged project managers to mitigate risk, conduct impact assessment, and generate Task Acknowledgement Report (TARs) to achieve project milestones.Analyzed and evaluated organization’s operations and procedures to offer recommendations based on findings; assisted management in identifying issues, sorted solutions and implemented themPrepared project weekly status reports for higher management, documenting process flows, policies and proceduresOwned scrum facilitation process; guided teams through sprints and sprint retrospectives.Assessed and analyzed client’s wealth management banking business client onboarding process and developed go-to-market solutions to expand Synechron’s Business Consulting Practice. Show less

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  Bank of America Merrill Lynch

  Apr 2017 - Nov 2017

  Vice President- Regulatory Change Management

  Led a project to implement and adopt a Regulatory business requirement management platform for Banks Enterprise Capital Management Technology team.Building global business process map for tracing Regulatory changes and managing the business requirement traceability model.Creating BRD’s, technical requirement documents and ensuring the consistency of BRD's amongst all other work-streams.Proactively reaching out to leaders in the organization, building and maintaining global partnerships; working cross-culturally to influence individuals at all levels of the organization to implement new requirement management platform.Providing direct support and coaching to front line managers, supervisors and other identified organizational change managers as they help their teams through transition to the new platform.Developing workshops to train staff and communicate key lessons on the Risk platformDrafting comprehensive analysis of “as is” vs future regulation and requirement traceability and management process.Creating operating model procedures, processes and roles. Show less

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  Wells Fargo

  Jan 2018 - Oct 2018

  Investment Strategist
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  Synechron

  Feb 2019 - Jul 2019

  Strategic Business Transformation Executive- Financial Services

  Synechron is a leading Digital IT Consulting firm and is working to Accelerate Digital initiatives for banks, asset managers, and insurance companies around the world. We achieve this by providing our clients with innovative solutions that solve their most complex business challenges and combining Synechron’s unique, end-to-end Digital, Business Consulting, and Technology services. Based in New York, the company has 18 offices around the globe, with over 8,000 employees producing over $500+M in annual revenue. For more information on the Company please visit the website or our LinkedIn community. Show less

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  The Bhang Group LLC

  Jul 2019 - Nov 2020

  Chief Strategist- Chief of Staff to the CEO- Director- Digital Product Transformation
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  Wells Fargo

  Nov 2019 - now

  • Vice President, Crads Risk Strategy and Governance Program Management

    Jun 2023 - now

  • Vice President, Enterprise Data Risk Strategy and Analytics Paltform— CIB

    Mar 2022 - Jun 2023

  • AVP, Data Governance & Risk Strategy - Corporate Investment Banking

    Nov 2019 - Mar 2022