SAITEJA VELAMATI
Hyderabad
Summary
Results-driven Financial Crime Analyst experienced in investigating financial crimes and conducting comprehensive risk assessments. Achieved effective risk mitigation and compliance adherence through collaboration with cross-functional teams. Focused on enhancing organizational integrity through proactive risk management and strategic compliance initiatives.
Overview
1
1
Certification
5
5
years of professional experience
Work History
AML/KYC Senior Officer
Citco Fund Services INDIA LLP
12.2024 - Current
- Adjusted end-to-end KYC process to enhance alignment with workforce capabilities and improve overall efficiency.
- Conducted KYC formality reports on questionable accounts and transactions to mitigate risks and ensure compliance.
- Performed periodic reviews and reports on merchants to comply with rules, regulations and KYC requirements.
- Collaborated with compliance department to address regulatory requirements. to create regulatory reports.
- Educated staff on anti-money laundering and financial crimes to escalate concerns to senior members of the team.
client onboarding specialist/ Fincrime specialist
UBS Business Solutions (India) Private Limited
06.2021 - 12.2024
- Conducting initial client due diligence to gather necessary information and documentation for account opening
- Conducting enhanced due diligence on higher risk clients to ensure compliance with regulatory requirements
- Facilitate the onboarding process for clients by gathering necessary documentation and information
- Reviewing and approving account opening requests
- Conducting ongoing monitoring of client accounts for suspicious activity or red flags
- Monitor client transactions for suspicious activity and report any findings to the compliance team
- Collaborate with internal teams to streamline processes and improve efficiency in client onboarding
- Stay up to date on industry regulations and best practices for client onboarding and financial crime prevention
- Experience in financial services industry with a focus on client onboarding and financial crime prevention
- Collaborating with the compliance team to implement new policies and procedures for client onboarding and Fincrime prevention.
- Conducted enhanced due diligence on higher risk clients to ensure compliance with regulatory requirements and mitigate potential risks
- Monitoring and analyzing regulatory changes and updating policies and procedures accordingly
- Investigating and resolving compliance issues and discrepancies
- Training employees on compliance guidelines and regulations
- Collaborating with internal departments to implement compliance controls and measures
- Maintaining compliance records and documentation
- Participating in regulatory examinations and audits
- Conducted due diligence on new clients and confirmed compliance with regulatory requirements
- Assisting in the development of compliance risk assessments and mitigation strategies
- Liaising with various internal teams to gather additional information on clients or transactions
- Responsible for conducting due diligence on new clients and ensuring compliance with regulatory requirements
- Provide training and guidance to other team members on client onboarding procedures and best practices.
Compliance analyst
On-Demand Agility solutions India Pvt Ltd
04.2021 - 06.2021
- Compliance Analyst
- Perform KYC periodic reviews on risk-based schedule
- Contributed ideas and participated in process improvement initiatives to enhance compliance effectiveness
- Identified risk factors associated with clients, including exposure to sanctioned countries and PEP influence, to inform compliance strategies
- Utilized compliance knowledge to make informed decisions based on LN reports, D&B reports, and Bloomberg data
- Met monthly performance goals by consistently reviewing and optimizing processes.
- Learned in-depth usage of Public sources information
- Converted into Permanent employee of UBS with in span of 8 months
- Collaborated effectively with colleagues to enhance team performance and achieve project goals.
Education
MBA - Financial Management
K L BUSINESS SCHOOL
Guntur, IndiaBACHELOR IN ACCOUNT - FINANCIAL ACCOUNTING
ANDHRA UNIVERSITY
Visakhapatnam, IndiaSkills
- Due diligence
- Financial Crime/Fraud Prevention
- Compliance management
- Risk assessment
- Quality assurance
- Stakeholder management
- Risk assessment
Certification
- Diploma in Project management Alison 2023-03-26
- Financial Markets Coursera 2021-01-01
- Personal & Family financial Planning Coursera 2020-04-01
Custom
1. Lexis Nexis
2. Dun & Bradstreet
3. RDC (Regulatory Data Corporation)
4. Bankers Almanac
5. Open corporates
6. Robotic process Automation tools for Sanctions & VBA checks
7. Approved public data channels
Awards
1.Star of the week UBS Business Solutions (India) Private Limited 2023-08-03, Received multiple times of Star of the week awards for achieving the big targets & urgency clients with accurate quality.
2.Star of the month in Citco Fund services India LLP with in short span of 4 months
Disclaimer
I hereby declare that the above-mentioned information is correct to the best of my knowledge and I bear the responsibility for the correctness of the above mentioned. I will work hard to satisfy and uphold the organizations expectation. Place: Hyderabad
Projects
A detailed View of public sector Banking & private sector banking, Student Feb 2020 - Apr 2020, Project experience about how banking structure & adopting of new business models in the market.
Languages
- English
- Telugu
Timeline
AML/KYC Senior Officer
Citco Fund Services INDIA LLP
12.2024 - Current
client onboarding specialist/ Fincrime specialist
UBS Business Solutions (India) Private Limited
06.2021 - 12.2024
Compliance analyst
On-Demand Agility solutions India Pvt Ltd
04.2021 - 06.2021
MBA - Financial Management
K L BUSINESS SCHOOL
BACHELOR IN ACCOUNT - FINANCIAL ACCOUNTING
ANDHRA UNIVERSITY