Hari Hara Sai Akarapu
Hyderabad
Summary
Expertise in Banking Operations, KYC/AML and Compliance
A dedicated professional with 4+ years of experience in Client Lifecycle Management, Due Diligence, Sanction Screening, FATCA and the entire KYC functions of Banking Industry holding strong AML/KYC knowledge, dedicated to leverage company resources to streamline processes and drive cost reduction. Result oriented with proven accomplishments in timely business delivery and project completions.
Overview
4
4
years of professional experience
Work History
Due Diligence Associate
Wells Fargo International Solutions Private LTD
Hyderabad
12.2023 - Current
- Conducts comprehensive research and background investigations on individuals and business entities to identify and mitigate credit, financial crimes, and reputational risk associated with existing lines of business portfolios and prospects while adhering to the Corporate BSA/AML policies.
- Reviews and analyzes due diligence data from a variety of sources to determine overall risk.
- Screens customers, prospects and/or transactions against various regulatory reporting lists and regionally based sanctions watch lists.
- Evaluates risks to determine permissibility under sanctions, regulations and/or BSA/AML regulations. Works with high-risk customers (e.g. casinos, MSBs, payment processors) to understand controls and activities. Provides appropriate direction to the line of business. Escalates confirmed sanctions alerts, PEP matches and other risks appropriately.
- Ensures compliance with guidelines set forth in federal/state anti-money laundering laws and regulations including the Bank Secrecy Act and various sanctions regulations.
- Prepares and submits regulatory reporting and requests. Consults with peers, line of business managers and other external parties regarding due diligence findings.
- Providing support as an primary SME to the team on the screening & investigation policies and procedure.
KYC & AML Reviewer
UBS Business Solutions India Private Limited
Hyderabad
06.2020 - 12.2023
- Reviewing and ensuring achievement of all required AML / KYC Regulatory requirements for Low, Medium, High and Higher risk classified clients across the globe within regulatory timelines in support of Investment Banking Operations
- Conducting varying levels of Due Diligence i.e., Simplified Due Diligence (SDD), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
- Evaluate and approve customer account documents and supporting information to match the global KYC procedures and guidelines
- Conducting background screening on COSIMA and RDC databases to analyze and evaluate the client's business and financial activities and performing sanctions, VBA's screening and PEPs identifications
- Coordinating & collecting client specific information and completing the documentation to assist in the on-boarding of new clients and reporting to various stakeholders
- Conducting SME checks for End to End KYC/AML Review profiles which includes - Customer identification procedure, alert investigation, customer identification procedure (CIP), OFAC & sanction screening, vulnerable business activity investigations, negative media, PEP, environmental issues, AML Representation letter, AML Risk Summary, transaction/accounts review and control structures.
Education
Post Graduate Diploma in Management (PGDM) - Marketing & Finance
Vignana Jyothi Institute of Management
Hyderabad, India06-2020
Bachelor of Science (B.Sc) - Mathematics, Statistics & Computer Science
Loyola Academy Degree & PG College
Hyderabad, IndiaSkills
CORE COMPETENCIES
- Risk Control & Mitigation
- Data Analysis & Documentation
- Financial Crime Prevention
- Client On-boarding
- Team Leading
- Training & Development
- Process Improvement
APPLICATIONS
- Lexis Nexis
- D&B Profiles
- World Check
- RDC (Regulatory Data Corp)
- Bankers Almanac
- Other Banking Applications
IT SKILLS
- MS-Office
- PowerPoint - PitchPRO
- Basics of Computer Application
OTHER SKILLS
- Strong team player and a quick learner
- Ability to focus on high quality work while under pressure
- Strong communication skills and ability to engage stakeholders
- Strong organizational skills with excellent attention to detail
Projects
Intern On Pre-Owned Car Loans, Mahindra & Mahindra Financial Services Ltd.
- Comprehensive Study and Analysis of Pre-owned Car Loans Offered by Mahindra & Mahindra Financial Services Ltd.
Intern On Homestay Property Curation and Acquisition, Trip Thrill's Homestay Business - Bangalore.
- Analysis on the hospitality industry and learnt the process of property acquisition of homestay business.
Hobbies and Interests
- Travelling
- Adventures
- Music
Timeline
Due Diligence Associate
Wells Fargo International Solutions Private LTD
12.2023 - Current
KYC & AML Reviewer
UBS Business Solutions India Private Limited
06.2020 - 12.2023
Post Graduate Diploma in Management (PGDM) - Marketing & Finance
Vignana Jyothi Institute of Management
Bachelor of Science (B.Sc) - Mathematics, Statistics & Computer Science
Loyola Academy Degree & PG College
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