Santosh Prabhu
About Santosh Prabhu
Santosh Prabhu serves as the Assistant Vice President of Compliance at IndusInd Bank, where he has worked since 2015. He is actively involved in compliance awareness initiatives and plays a significant role in regulatory alignment and policy development.
Work at IndusInd Bank
Santosh Prabhu has been serving as the Assistant Vice President of Compliance at IndusInd Bank since 2015. In this role, he is responsible for ensuring that the bank's operations align with regulatory requirements and internal policies. He conducts seminars across India to enhance awareness about Compliance, Know Your Customer (KYC), and Anti-Money Laundering (AML). His involvement includes vetting internal circulars from other departments and handling country sanctions-related references raised by the trade finance department. He plays a significant role in managing obligations set by the Reserve Bank of India under Risk Based Supervision.
Education and Expertise
Santosh Prabhu holds a Master of Business Administration (MBA) in Banking and Financial Support Services from the Indian School of Business Management & Administration, which he completed from 2009 to 2011. He also earned a Bachelor of Commerce (B.Com.) degree from the University of Mumbai from 2001 to 2004. Additionally, he pursued a certification in KYC/AML and Trade Finance from the Indian Institute of Banking and Finance, achieving the Junior Associate of Indian Institute of Bankers (JAIIB) designation between 2009 and 2016.
Background
Prior to his current role at IndusInd Bank, Santosh Prabhu gained diverse experience in the banking sector. He worked at ICICI Bank in Retail Branch Banking from 2006 to 2009. Following that, he served as the Manager of Trade Finance Services at HDFC Bank from 2009 to 2015. He began his career as an Accounts Assistant at Texport Syndicate India Ltd for a brief period in 2004. His extensive background in banking has equipped him with a solid understanding of compliance and risk management.
Achievements
Santosh Prabhu is a member of the Sub-Operational Risk Management Committee at IndusInd Bank, where he contributes to the rollout of new products, policies, and processes. He is actively involved in testing and monitoring products and processes to ensure they meet regulatory standards and align with the bank's policies. His responsibilities also include preparing and updating KYC/AML policies and manuals for both retail and corporate customers, as well as participating in the establishment of guidelines for branches in GIFT City.