Durga Bhavani Katragadda
KYC/AML / Risk Management / Screening/ Change Management
Hyderabad
Summary
A dedicated professional with 13+ years of experience in spearheading Client Lifecycle Management, Control Testing, Quality Assurance, Due Diligence, Sanction Screening, AML, Transaction Monitoring/KYC function of Banking Industry. Hands-on experience as a SPOC, SME, Quality Lead, Trainer and Team Leader for facilitating onboarding of new clients through Due Diligence Procedures (EDD/CDD), KYC Documentation Review, Public Record Research, Transaction Monitoring and AML Procedures. Insightful experience in monitoring the customer accounts of North America, Asia Pacific and EMEA regions to ensure the genuinely of the transaction. Driven and monitored first level people leadership; designed and conducted customized training programs and ensured that the initiatives are aligned with the organizational goals and culture by utilizing contemporary pedagogy, learning tools and methodology. Active part of transition and have successfully deployed new tools as a part of process simplification.
Overview
13
13
years of professional experience
Work History
Senior Control Management Specialist
Wells Fargo
Hyderabad
08.2024 - 02.2026
- Led investor onboarding and end-to-end KYC due diligence for institutional, corporate, and individual clients, ensuring adherence to AML, FATCA, CRS, and global regulatory standards.
- Reviewed and validated KYC documentation (fund structures, UBOs, PEPs, source of wealth/funds), escalating gaps to Compliance and senior stakeholders.
- Executed client screening against sanctions, PEP, and adverse media lists, ensuring timely escalation of true hits and mitigating financial crime risks.
- Performed periodic KYC refresh and enhanced due diligence (EDD) for high-risk clients and complex fund structures across multiple jurisdictions.
- Investigated and monitored suspicious transactions and unusual activity patterns, preparing clear escalation reports for Compliance and Risk teams.
- Delivered accurate KYC/AML MIS reports and dashboards, supporting data driven decisions for senior management and regulators.
- Partnered with internal teams and fund administrators to resolve complex onboarding cases, sanctions queries, and screening alerts.
- Conducted cross-functional training on KYC, sanctions, and transaction monitoring to strengthen compliance culture and risk ownership.
- Improved onboarding efficiency by reducing KYC remediation issues by 20% through proactive quality checks and early issue resolution.
- Supported automation and system enhancement projects for KYC, screening, and transaction monitoring platforms.
- Analyses trends in screening exceptions, transaction alerts, and regulatory findings, recommending effective remediation strategies.
- Partnered with 1st Line of Defense to ensure accurate client risk rating, monitoring triggers, and control mapping across portfolios.
Associate
JPMorgan Chase
Hyderabad
04.2018 - 08.2024
- Performing QC and providing feedback to the makers in order to complete the KYC reviews.
- Ensuring high quality and timely completion of all periodic KYC reviews.
- Liaising with the counterparts, such as Makers, Composers, and Business teams.
- Addressing and clearing review points raised through quality assurance review in a timely manner.
- Lead end-to-end KYC for Wealth Management and Private Banking clients (Corporate, NAOH, NBFI), covering onboarding, renewals, and remediation in line with global regulatory standards.
- Perform Customer Identification Program (CIP) and validate documentation (Registry, Annual Reports, W9) while assessing ownership structures, beneficial owners, and intermediary entities
- Conduct risk-based due diligence including CDD, EDD, SPDD, Product Due Diligence (PDD), and Account Due Diligence (ADD), ensuring compliance with AML and sanction requirements.
- Analyze client business operations, revenue sources, and exposure to high-risk products/countries; perform screening on directors, signatories, and related parties using internal and external tools (CDD, COLT, Lexis Nexis, Bloomberg, Registries).
- Collaborate with client owners and stakeholders to resolve documentation gaps, escalate high-risk findings, and complete regulatory questionnaires within timelines.
Analyst
Bank of America
Hyderabad
09.2012 - 04.2018
- Conduct end-to-end KYC (Client Onboarding - COB) of the Wealth Management Private Banking clients as a case lead (Renewals, Remediation, and onboarding).E.g., Corporate, NAOH, NBFI, etc.
- Identify NAICS code based on the nature and highest revenue generation business.
- Perform the CIP (Customer Identification Program) by validating the documents from the Registry, the audited annual report, and the W-9 form.
- Check the products and services; if there are any high-risk products, perform Product Due Diligence (PDD).
- Retrieve the information on revenue, business operations, significant countries, and clients of the clients, and other details from the annual report.
- Screening needs to be done on the Board of Directors, signatories, account controllers, and related parties (individuals and entities).
- Specialized Due Diligence (SPDD) and Enhanced Due Diligence (EDD) are performed based on the risk rating.
- Check for the sanctions on countries and fill out the questionnaire. I will contact the client owner if any additional information is needed.
- Experience in various application tools like CDD, COLT, Lexis Nexis, and external websites—Google, Bloomberg, Business Week, Secretary of State, and Company Registries, etc.
Education
B.COM -
Siddartha Mahila Kalasala
Vijayawada, India 04.2001 -
Skills
KYC Compliance
*Anti-Money Laundering
*Customer Due Diligence
*Enhanced Due Diligence
*Stakeholder Management
*Risk Control & Mitigation
*Transaction Monitoring
*Financial Crime Prevention
*Client Onboarding
*Change Management
*Operational Risk Management
Timeline
Senior Control Management Specialist
Wells Fargo
08.2024 - 02.2026
Associate
JPMorgan Chase
04.2018 - 08.2024
Analyst
Bank of America
09.2012 - 04.2018
B.COM -
Siddartha Mahila Kalasala
04.2001 -