Madhura Shetty

• Established Compliance Controls Testing framework for UK region
• Implemented AML/KYC framework, enhancing compliance efficiency and accuracy
• Automated controls testing, improving speed and reliability of results
• Collaborated with corporate teams to resolve compliance issues, ensuring regulatory adherence
• Prepared and reported Risk Dashboards on Monthly, Quarterly and yearly frequency to management
• Monitored regulatory changes and industry trends, updating compliance practices accordingly
• Developed comprehensive compliance reports for management review, facilitating informed decision-making
• Spearheaded compliance system enhancements, identifying key areas for improvement and implementing data-driven solutions for robust risk management
• Streamlined Compliance framework, boosting compliance efficiency
• Automated controls testing for faster, more reliable results
• Partnered with corporate teams to address compliance challenges, ensuring regulatory adherence
• Drove significant improvements in compliance accuracy through framework enhancements and Reduced testing time while increasing reliability, leading to more effective risk mitigation
• Pioneered development of innovative strategies for improved quality assurance.

• Collaborated with external auditors to ensure seamless inspections and compliance adherence.
• Oversee Compliance monitoring operations for APAC, enhancing compliance efficiency.
• Analyze transactional data to detect potential money laundering, improving fraud prevention.
• Prepared and communicated compliance regulatory updates to stakeholders, ensuring informed decisions.
• Investigated complex financial fraud cases, contributing to successful resolutions
• Spearhead AML/KYC operations for UK, leveraging advanced analytics to detect money laundering patterns and enhance risk assessment protocols.
• Lead APAC Compliance projects, collaborating with onshore teams to implement robust control systems and resolve critical compliance issues.
• Pioneer development of comprehensive compliance policies, ensuring alignment with evolving regulatory landscapes and fostering culture of compliance.
• Facilitate seamless external audits, contributing to successful regulatory examinations and fostering strong relationships with stakeholders.
• Conducted in-depth analysis of transactional data to identify potential money laundering activities, enhancing fraud prevention strategies.
  KEY Achievement:
• Streamlined manual reporting process by implementing automation, leading to reduction of 90 Man hours per quarter (3 weeks).

• Automated manual reporting, saving 90 man-hours per quarter, enhancing efficiency.
• Tested compliance controls in P2P processes, identifying gaps and ensuring adherence.
• Developed and implemented internal control mechanisms, optimizing operational workflows.
• Analyzed compliance data, providing detailed reports to clients and management.
• Established quality audit framework, strengthening 2nd Line of Defense.
• Conducted P2P compliance controls testing, identifying gaps and formulating internal control mechanisms.
• Spearheaded automation of manual reporting processes, resulting in substantial quarterly time savings and significantly improved operational efficiency.
• Conducted meticulous analysis of compliance data, delivering comprehensive reports to clients and management for informed decision-making.
• Pioneered quality audit framework, bolstering second line of defense and elevating overall risk management practices.
• Streamlined P2P compliance controls testing, identifying critical gaps and formulating robust internal control mechanisms for enhanced risk management.

Key Achievement:

• Established robust 2nd Line of Defense through development and deployment of quality audit framework, resulting in enhanced transaction auditing.
• Successfully advanced to Assistant Manager from Team Lead.

• Conducted audits across India, identifying fraud and unethical practices, enhancing audit systems.
• Performed surprise audits, detecting fraudulent contracts, and ensuring compliance with regulations.
• Presented audit findings to management, leading to corrective actions and process improvements.
• Utilized data analysis to identify fraud, enhancing internal controls and transaction monitoring.
• Conducted comprehensive audits across India, identifying process gaps and implementing corrective measures to mitigate financial risks.
• Presented critical audit findings to management, catalyzing corrective actions and driving process improvements across organization.
• Leveraged advanced data analysis techniques to identify fraud patterns, substantially enhancing internal controls and transaction monitoring processes.
• Conducted surprise audits to detect fraudulent contracts, ensuring strict compliance with regulatory standards and improving operational integrity.
  Key Achievement :
• Recovered INR 2 crore in lost commissions, improving financial integrity and risk mitigation.

• Performed various Audits like Transaction Monitoring on Retail Banking,
  Transaction monitoring on Retail Foreign Exchange and Supported in Internal Audit
  Systems developments.
• Raised Suspicious transaction Alerts, Fraud risk alerts on Branch Banking
  Operations. Followed up with stake holders for logical conclusion and
  various action taken.
• Performed various Data Analysis multiple records to identify potential
  suspicious transactions.
• Performed Audits on retail Foreign Exchange transactions and ensured that Annual
  Limit prescribed by regulator does not breach.
• Successfully recovered excess funds remitted outside country.
• Prepared and presented to management bi-Annual report on total
  remittances under various schemes.
• Supported IT team and developed Automation tool for internal
  audit transaction monitoring. Transformed process from Manually sending
  alerts to system alerts and Tracking mechanism within tool.
• Performed various User Access Test for internal systems, identified
  gaps/errors in tool and ensured its fixation.

Lead Deutsche Bank Concurrent Audit Project as Team Leader:

• Scrutinized Loans files like Home Loan, Loan against Property, Business
  Installment Loan, Unsecured Loans and Magnus.
• Scrutinized Account opening files, Outward and Inward remittance forms and
  ensured due diligence is adhered.
• Maintained Data Errors reported, tracked audit findings and its compliance.
• Prepared Project Audit report and submitted to Audit Managers for Final
  Review.
• Performed various concurrent audit within project like:
  o ATM check: Whether Deutsche bank is complaining with regulators
  guidelines on refund policy on Unsuccessful ATM transactions
  o Quality Check Audit which included verifying maintenances of ATM PIN,
  Internet Banking PIN, and Tele Banking PIN: Daily Check if PINs printed and
  dispatched to customers tally with actual and Masters maintained.
  o Cheque Books: Whether Cheque books being dispatched to customers
  tally with masters maintained
  o Mutual Funds Rate Check: Whether Mutual fund Schedule of charges
  available on DB site tallies with internal Data.