Santosh Yerukola
Financial Crime Professional
Hyderabad
Summary
Dynamic AML and KYC professional with over 10 years of experience, currently serving as an Assistant Manager at EY. Expertise includes working with multiple banks and Big Four firms, focusing on corporate and investment banking projects, as well as transaction monitoring for corporate and correspondent banking. Proven ability to identify and analyze patterns, trends, and anomalies in complex transactional and customer data to effectively detect, prevent, mitigate, and report suspicious activities related to money laundering. Strong skills in conducting thorough investigations, gathering data from diverse sources, and collaborating with internal compliance teams to ensure regulatory adherence.
Overview
11
11
years of professional experience
4
4
Languages
Work History
Assistant Manager
EY
02.2022 - Current
- Company Overview: Ernest & Young - Assistant Manager-AML/KYC
- Managed and mentored a team of AML/KYC analysts in various Transaction Monitoring and KYC projects, ensuring adherence to regulatory requirements and internal policies.Acted as a key point of contact for internal/external stakeholders and remediation of findings.Collaborated with Compliance, Legal, and Business teams to align AML/KYC controls with business objectives.
- The primary responsibility is to support the day-to-day management of the KYC process to renew KYC records to regulatory standards to meet the CDD/EDD requirements of client with high quality and while meeting tight deadlines while handling team.
- Developed and implemented workforce plans that aligned staffing with business goals resulting in a improvement resource allocation and timely deliverables.
- Analyzing team structure and optimizing roles, reducing operational costs while increasing overall productivity.
- Conducted quarterly and annual performance appraisals for the team members, providing constructive feedback and setting measurable outcomes.
- Aligned individual performance goals with team objectives to drive a increase in productivity, ensuring all team members contributed toward the project initiatives.
- Reviewing the EOD production report for all the teams to understand the days productivity and monthly productivity.
- Assisting client in terms of reviewing the policy and procedures and suggesting them on the process improvement ideas as and when required.
BA4 Analyst in AML (Correspondent Banking)
Barclays Bank
09.2020 - 01.2022
- Performing investigations of the fraudulent transactions and validating the same from different external & internal sources.
- Managing the investigative process from initial detection to disposition of various levels including identifying profile of the customers, performing internal checks, identifying suspicious activities found in customer profile & filing SAR.
- Ensure efficient identification and monitoring of suspicious activities and transactions.
- Conducting timely, accurate, and effective analysis using discretion and sound judgment to mitigate money-laundering risk.
- Maintaining Proactively contacting required teams / banks to obtain customer information relating to alerts received whilst adhering to strict controls.
Senior Executive
Deloitte Touche Tohmatsu India LLP
08.2019 - 09.2020
- Efficiently & effectively worked on an alert at account & transaction level investigation encompassing suspicious activity monitoring and monitoring the involvement of sanction countries.
- Part of a team providing forensic investigation in cases of loan frauds and employee frauds.
- Conducting enhanced customer due diligence (EDD) on client.
- Training the new joiners on production as soon as they on floor after their classroom training on the process.
- Resolving queries of team members where they are stuck up with some complex issues in KYC documentation by co-coordinating with the SME.
- Dexterously maintained proper documentation records and audit trail of investigation activity & disposition actions for all alerts and identifying sanction exposure and mitigating the risks, accordingly.
- Prepared and maintained case files for on-going investigations.
Senior KYC Analyst
Barclays Bank
01.2018 - 08.2019
- Ensuring compliance with all AML laws, regulations, guidelines, written procedures; OFAC, CIP, KYC, CDD, EDD, Customer/transaction monitoring.
- Handled end to end KYC for both Corporate and Investment Banking clients including client screening and PEP checks.
- Handled UK Corporate account KYC refresh process (Limited Company, PLC, LP, Fund, Trust etc.,).
- Handled various regions like US, UK, EMEA and APCA during KYC remediation for Investment Banking process.
- SME for a team of 22 members in Investment Banking KYC Team.
- Analyzing client data, documentation and negative news in order to determine a Client Risk Profile as established under the KYC Procedures.
- Reviewing Business Activity of client to identify various parameters including Risk categorization, PEP check, Business model, Trade with sanction countries and applying compliance referrals where applicable.
- Identified any missing information in the customer file and seeking additional information of the customer from Relationship Directors.
AML Analyst
ICICI Bank Limited
02.2015 - 08.2017
- Responsible for reviewing customer accounts and transactional activities to detect and report suspicious activities related to money laundering and terrorist financing.
- Worked on alerts generated on customers against negative news data base to identify if any true matches are available and to escalate those true matches to next level for further review analysis.
- Used customer's KYC records, Account transactions and publicly available information to identify suspicious or unusual activity.
- Prepared suspicious activity reports for AML management.
- Identified training opportunities and developed, conducted, and assisted with a wide range of AML related training to new employees.
Education
PGD - BANKING & FINANCE
Manipal University
Skills
Team leadership
Operations management
Problem-solving
Time management
Team building
Performance evaluation
Traits
- Highly Disciplined
- Self-motivated
- Positive Approach
- Enthusiastic Nature
- Reliable & Dependable
Education Credentials
- PGD (BANKING & FINANCE), Manipal University, Bangalore, 8.01 Percentile (Distinction)
- BTECH Electrical and Electronics Engineering, ~70%
Timeline
Assistant Manager
EY
02.2022 - Current
BA4 Analyst in AML (Correspondent Banking)
Barclays Bank
09.2020 - 01.2022
Senior Executive
Deloitte Touche Tohmatsu India LLP
08.2019 - 09.2020
Senior KYC Analyst
Barclays Bank
01.2018 - 08.2019
AML Analyst
ICICI Bank Limited
02.2015 - 08.2017
PGD - BANKING & FINANCE
Manipal University
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