Akhil Kasanaguttu

• Utilized over 30 tools, including Hogan, CIV, and other investigative tools, to analyze customer accounts and transaction histories, identifying discrepancies and areas for improvement.
• Conducted thorough research and analysis to ensure compliance with federal and state consumer lending laws and regulations, including Truth in Lending Act (Reg Z), Fair Credit Reporting Act (FCRA/Regulation V), Electronic Funds Transfer Act (EFTA), and Unfair, Deceptive or Abusive Acts and Practices (UDAAP), Bank Secrecy Act / Anti-Money Laundering (BSA/AML).
• Assisted in identifying and implementing process enhancements to maximize efficiency of fraud detection activities, resulting in improved detection rates and reduced losses.
• Investigated risks identified through new account filters from the new account opening process, implementing proactive measures to prevent fraudulent activities.
• Reviewed and investigated fraud referrals, check returns, ACH returns and rejects, ensuring timely resolution and minimizing financial losses.
• Ran and reviewed proactive risk reports, conducted research using third-party data sources to validate monetary and non-monetary transactions, contributing to the enhancement of fraud detection capabilities.

Key Skills and Accomplishments:

• Extensive knowledge of applicable federal and state consumer lending laws and regulations, ensuring compliance and adherence to regulatory requirements.
• Demonstrated ability to make sound subjective decisions to mitigate fraud risk, recommend appropriate actions, and ensure compliance with regulatory standards.
• Proficient in conducting comprehensive research and analysis to identify and mitigate financial risks, contributing to the development of effective fraud prevention strategies.
• Strong analytical skills and attention to detail, demonstrated through the review and investigation of fraud referrals and other suspicious activities.
• Effective communication skills, facilitating collaboration with cross-functional teams and clear communication of findings and recommendations to stakeholders.

• Conducted thorough analysis of financial data to identify suspicious activities and potential instances of fraud, utilizing advanced data analytics tools and software.
• Collaborated with cross-functional teams to develop and implement effective fraud prevention strategies and controls, ensuring alignment with company objectives and regulatory requirements.
• Led investigations into suspected fraudulent activities, gathering evidence and documentation to support findings and facilitate appropriate actions.
• Prepared and submitted regulatory reports and filings related to fraud prevention and compliance efforts, maintaining accurate records and documentation.
• Stayed abreast of industry regulations and best practices to ensure compliance with relevant laws and guidelines, providing guidance and training to team members as needed.
• Utilized KYC customer due diligence processes and OFAC screenings, leveraging risk solution providers such as LexisNexis, TransUnion, Equifax, and Experian for comprehensive risk assessment.
• Played a key role in designing and implementing internal controls and procedures to minimize fraud risk across the organization, contributing to a culture of compliance and accountability.

Key Skills and Accomplishments:

• Expertise in conducting financial data analysis and leading investigations to detect and prevent fraudulent activities, resulting in improved fraud detection capabilities and reduced financial losses.
• Strong collaboration and communication skills, demonstrated through effective coordination with cross-functional teams and clear communication of findings and recommendations to senior management.
• Proficiency in utilizing data analytics tools and software to enhance fraud detection capabilities and improve efficiency, contributing to the development of innovative fraud prevention strategies.
• Thorough understanding of KYC customer due diligence processes and OFAC screenings, coupled with experience working with leading risk solution providers to ensure comprehensive risk assessment.
• Proven track record in designing and implementing internal controls and procedures to minimize fraud risk, fostering a culture of compliance and accountability within the organization.