Ajay Jakkamsetti
Bangalore
Summary
Compliance/Banking Services professional with over 18 years of total experience in Financial Crime Surveillance & Investigation, Risk and Governance, Process Migrations, Transaction Monitoring, Enhanced Due Diligence, KYC Periodic Review & Sanctions/Name screening. Currently working as "Asst. Vice President - Risk Operations" with Commonwealth Bank of Australia. Successful in overcoming complex business challenges, bringing something new to organizations through continuous improvement, participating in high level operational initiatives including process & controls design, process turnaround management. An effective and an efficient individual, quickly adapting to ever-changing business needs. Highly capable of evaluating, investigating and resolving process/subject matter issues and concerns. A self-motivator with ability to work in demanding timescales while maintaining quality standards. Effective communicator with a flair for creating and sustaining effective business relationships. Keen planner with outstanding communication & leadership skills that have been put to use in resolving problems & promoting a positive work environment.
Overview
5
5
years of professional experience
Work History
Asst. Vice President - Financial Crime Operations
Commonwealth Bank of Australia
Bangalore
08.2021 - Current
- Led strategic oversight and guidance for financial crime operations team, aligning initiatives with organizational goals.
- Drove implementation of global risk assessment program to enhance compliance.
- Oversaw design and execution of control measures mitigating identified risks.
- Monitored and reported on risk management activities and findings.
- Communicated key issues to stakeholders regarding control environment, ensuring informed decision-making.
- Served as subject matter expert, offering insights across organization.
- Applied independent judgment in decision-making processes. in complex decision-making scenarios.
- Managed project timelines and deliverables to ensure alignment with company goals.
- Conducted training sessions to enhance staff skills and knowledge, fostering a culture of continuous improvement.
- Fostered collaborative work environments by seeking diverse perspectives.
- Evaluated existing processes for effectiveness and recommended improvements.
Team Supervisor | Risk and Governance
Paypal India Pvt Ltd
Bangalore
- Handled 2 teams across sites (BLR and CHN). Responsible for smooth BAU operational activities.
Assistant Manager, CA&A ORM
TCS
- Led a team of 18 FTEs (includes 2 Process leads) supporting UK based bank in Bangalore. We were part of Control Assurance and Assessment team responsible for annual or semi-annual attestation from business unit heads that all is in order.
Senior Anti-Money Laundering Officer
ANZ
- High Risk Client Review (HRC): Activity review of the clients which are flagged as high risk by the MLRO on periodic basis.
- Transaction Monitoring (TMS): Monitoring the accounts of the customer based on the alert generated as per the defined scenarios.
AML Executive
HSBC
- To investigate and research, verify an analyze HSBC - Private Banking, UK Customers against the defined watch lists consisting of terrorists, Fraudsters, Money Launderers, Sanctioned Individuals or Entities and Politically Expose Persons and discount/confirm a match by comparing all the available information.
- Identify SCC's as per the HSBC definitions.
- Identifying and investigating potential /confirmed matches, reporting to onshore MLC teams and notify all the business areas where the customer holds a relationship.
Education
B. Tech - CSIT
Jawaharlal Nehru Technological University
01-2006
Skills
- Operations Management
- Performance Management
- Process Transition
- Attrition Management
- Budget Resilience
- Quality Management
- People Development
- MIS Reporting
- Domain Expert
- Control measures design
Accomplishments
- Best Team (Above & Beyond) - Several awards - CBA (FCOI)
- Garnered PayPal Bangalore - Change Champion Superstar Q4 2020.
- Awarded Kaizen Award in ANZ for creating an excel tool to optimize the productivity and quality.
- Identified and successfully completed the project 'SPRUCE' which has approved and implemented. The project was boarded on 'You save you earn' program which had a sustainable cost savings of 0.34 million US dollars annually which is equivalent to 2 FTE for the process.
- Recognized as H1 Alchemist (most prestigious and most coveted) for being a Superstar under Service Excellence category in H1, 2012.
- Nominated as a 100club member for Q4 2010 and Q2 2011.
- Offered Deferred Cash Incentives four times (in Span of 5 years) at HSBC, which is aimed at long term employee retention for top 25% talent pool (2009, 2010, 2012 and 2013).
Timeline
Asst. Vice President - Financial Crime Operations
Commonwealth Bank of Australia
08.2021 - Current
AML Executive
HSBC
Senior Anti-Money Laundering Officer
ANZ
Assistant Manager, CA&A ORM
TCS
Team Supervisor | Risk and Governance
Paypal India Pvt Ltd
B. Tech - CSIT
Jawaharlal Nehru Technological University