RACHARLA VENKATA SURENDRA REDDY
Deputy Manager (AML Compliance)
Hyderabad,TG
Summary
Having a competent 5+ years of experience on AML/KYC Name screening in compliance for CBPPC remittances. Having good knowledge on PEPS, EDD, Sanctioned Countries and restricted entities. Fund accounting reconciliations and corporate actions seeking a challenging position to contribute my skills and knowledge to enable the organization to meet its goals and objectives.
Overview
6
6
years of professional experience
Work History
Deputy Manager
ICICI Bank Limited
Hyderabad, Telangana
07.2021 - Current
- Conducted sanctions screening on customers, vendors and transactions using various databases (e.g., OFAC, EU, UN)
- Identified and investigated potential matches to sanctioned entities and individuals
- Analyzed and cleared false positives, documenting rationale
- Escalated true positives to compliance teams for further investigation
- Managed sanctions list updates and ensured system accuracy
- Developed loyal and highly satisfied customer base through proactive management of team customer service strategies
- Dealt with AML Name screening department for both Inward and Outward remittances
- Performs AML investigations by utilizing AMLOCK and FIRCOSOFT application with various supporting application (FCRM, STIR, NRS, NRISR, I-CORE, SMSA, NTS)
- Screening of transactions in AMLOCK and FIRCOSOFT application across all the processes which includes remittances (VOSTRO, NOSTRO, WIRE, M2G, M2I, M2S, Legacy onboarding and Travel Card)
- Following up with Bank's via raising SR's through Finacle and SWIFT Message like MT-199 and mails through compliance Query application to Exchange houses to obtain remitter KYC details
- Ensuring that all the hold transactions kept in pending for supporting documents and purpose of remittance are to be process within TAT and without any error
- Clearly define criteria for placing transactions on hold (e.g., sanctions matches, suspicious activity)
- Verification of KYC documents of the customers
- Knowledge of Reporting a suspicious transaction (RAS) and identifying red flags
- Submitting PEP’s to compliance, after been identified to be added on SDN list
- Analyzed potential Office of Foreign Assets Control (OFAC) hits to ensure transactions were in compliance with United States sanctions
- Assist in conducting AML screening/EDD/CDD reviews on prospects and new/existing customers in accordance with banks policies and procedures.
Senior Analyst
State Street HCL Services Limited
Chennai, TamilNadu
03.2020 - 07.2021
- Prepare timely and accurate NAV, yields, distributions and other fund accounting output for subsequent review
- Monitor and track the cash a level of the client portfolios and report any overdrawn accounts and the accounts with high cash
- Amending all cash position related discrepancies like trade price, quantity, commission and creating backups for all breaks
- Ensure Daily cash and position reconciliation of client portfolios to the custodian and Setup securities in the trading and portfolio systems
- Perform and complete all tasks that meet client specified accounting guidelines and reporting standards
- Accurate and timely posting of dividends, income and other expense transactions into the client portfolios by using various vendor sources
- Timely and accurate administration of various corporate actions like redemptions, tender offer, reorganizations etc
- Processing the standing offset procedures as per instructions provided by the Investment Manager
- Working on money market securities as per the instructions received from the Investment manager and ensure that holdings are tied between client database and Custody
- Ensure that margins are tied between broker and accounting systems
- Accurate and timely posting of contributions and withdrawals into the client portfolios and report the same to the portfolio managers and traders
- Matching of trades done by the traders against the brokers and resolve any exceptions and input the trades into the portfolio systems.
Process Associate (Investor Relation Officer)
KFin Technologies Private Limited
Hyderabad, Telangana
11.2018 - 12.2019
- Revalidation of dividends warrants and issuing the demand drafts for unclaimed dividends of both physical & Demat shares
- Providing information to the investors regarding unclaimed dividends
- Verifying dividend amount paid or unpaid status with dividend banker and informed to the investors
- Revalidation of dividend warrants and directly credit to the investors bank account via NEFT, RTGS
- Responsible for updating of paid details and release of dividend amount from abeyance lists
- Reconciliation of the transactions before sending the MIS reports
- Solving investor’s issues by coordinating with the other departments
- Handling investor folios
- Updating of investors personal detail in folio
- Ensuring client escalations are effectively handled and resolved timely and proactively
- Coordination with dividend bankers for resolution of non-credit of dividend queries received from shareholders.
Education
MBA - Finance
Siddharth Institute of Engineering & Technology (JNTU
06.2018
Skills
- Expertise in Managing and Handling the team
- Easy to adaptable and quick learner and willing to take up challenging assignments
- Good Communication Skills
- Good knowledge about AML Compliance Fund accounting reconciliations and corporate actions
Teamwork and collaboration
Customer service
Problem-solving
Time management
Attention to detail
Critical thinking
Organization and time management
Friendly, positive attitude
Financial products ( Bonds, Fixed Income products, Derivates, stocks, FX markets, Annuties)
ETL operations
Data Research and pooling data from different free and paid sites
Additional Information
- Recognized with the Game Changer award for given innovative ideas which has reduced the work load and pressure in peak times
- Promoted as Assistant Manager to Deputy Manager in FY 2023
- Completed PG project on "A study on Equity Analysis of leading cement companies in India".
Work Preference
Work Type
Full TimeLocation Preference
On-SiteRemoteHybridImportant To Me
Work-life balanceCompany CultureFlexible work hoursCareer advancementTeam Building / Company RetreatsTimeline
Deputy Manager
ICICI Bank Limited
07.2021 - Current
Senior Analyst
State Street HCL Services Limited
03.2020 - 07.2021
Process Associate (Investor Relation Officer)
KFin Technologies Private Limited
11.2018 - 12.2019
MBA - Finance
Siddharth Institute of Engineering & Technology (JNTU
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