Shabareesh Reddy
Assistant Vice President
3A- 301, Green Meadows, Lokhandwala Kandivali East, Mumbai
Summary
Performance-driven Assistant Vice President with 7 years of experience in KYC, Due Diligence, Investor services, Client relationship, Team Management, Screening, Client and investor on-boarding ( Hedge funds, Mutual funds and Private equity). Coordinating regularly with the legal and Compliance team to ensure AML/CFT, Data Protection, Reporting and outsourcing compliance across Multiple region. Aligning Process with business requirements, policies and regulatory requirements. Passionate about applying excellent organization and communication skills to manage and lead teams.
Overview
7
7
years of professional experience
6
6
years of post-secondary education
3
3
Languages
Work History
Assistant Vice President
Apex Fund Services LLP
Mumbai
04.2020 - Current
- Managing and Guiding a team of 7+ individuals and oversee their work to ensure it is of the highest quality standards.
- Schedule, allocate and review work of team members for accuracy and completeness.
- Established performance goals for the team and outlined processes for achievement. Implementation of KYC standards, guidelines, policies and procedures.
- Hired and managed employees to maximize productivity while training staff on best practices and protocols.
- Performing Due Diligence on customer onboarding for Americas, MENA and APAC Region.
- Gathering and Analyzing KYC documentations in accordance with AML Policy requirements to identify and Assess overall risk.
- Record keeping of fund specific trackers, Investor documents, checklists and perform periodic remediation as per the risk rating of investors.
- Supporting the Business group and Compliance to respond with Regulatory/Audit, AMLCO Reports and assist with evidence gathering.
- Screening and investigating investors and their related parties to identify and record High Risk and PEP investors along with Monitoring overnight screening results.
- Escalate and liaise with internal and group Compliance to address potential risks identified as part of on-boarding new clients, on-going monitoring, and remediation/KYC refresh of existing clients.
- Reviewing investor tax form and Self -cert to ensure compliance with FATCA and CRS Reporting.
Senior Associate
SS&C Globeop Financial Services Ltd.
Mumbai
03.2016 - 04.2020
- Managing client relationships and interacting with Hedge/Private Equity fund principals, Placement agencies and their investors.
- Performing KYC Due Diligence (CDD/SDD/EDD) on Client Onboarding for multiple jurisdiction including Cayman, Delaware, Ireland, Bermuda etc.
- Conducting complete and thorough investigation of assigned AML cases to collect and analyze the KYC documents of the investors.
- Understand the trade life cycle and process the trades (Subscription, redemption, transfer and switch) without any error and within the turnaround Time.
- Application form review and updating the share registry with key information's such as Contact details, Wiring details, Amount etc.
- Providing portal read only access to the investor contacts to view and access audited financial statements, NAV transparency reports, fund documents, capital and distribution notices
- Tracking the investor’s monies, Capital call, source of funds and payment activity.
- Coordinate / Liaising with other departments objectively whenever require (Fund accounting, operations, Implementation, IT, development and other).
- Collecting IRS tax forms and self-certification forms. FATCA and CRS digitizing and filing for the reportable investors for tax purpose.
- Releasing Audited Financial statements. NAV transparency reports, fund documents, Capital and Distribution notices from time to time.
- Initiating call backs for all the wire instructions on a recorded line as a part of internal procedure.
- Performing effective On-the-job training to ensure adequate conceptual understanding within the team. Ensure Cross-training on all accounts to reduce key man risk
Education
MBA - Accounting And Finance
D Y Patil University's School of Management
Navi Mumbai 04.2014 - 03.2016
Bachelor of Commerce - Accounting And Finance
SSR College of Arts, Science & Commerce
Pune University 03.2011 - 03.2014
Higher Secondary Education - Commerce
Lions School of English
CBSE 04.2010 - 02.2011
Skills
Systems - (Paxus, Mantra, Paxus, TNR, Advent Partner, E-Front)
Screening Tools - (World Check, Pythagoras, Lexus-Nexus, Metrosoft, Adverse Media Search)
Teamwork and Collaboration
Problem-Solving
Multitasking Abilities
Planning, Coordination and Time Management
Accomplishments
Apex Fund Services
- Awarded with title of ‘star of the month’ and ‘weekly Champ’ for best performer multiple time.
- Appreciation from Client, Global heads and Apex Group CEO on Multiple occasions.
- Quality and Relationship Badges by counterparts for maintaining healthy relationships between team and for coordinating in utmost timely & polite manner.
SS&C Globeop Financial Services
- Onshore Site visit for migration of Process.
- Client’s appreciation received for handling the account smoothly with high volumes and email traffic for one of the highest revenues generating client (AUM around 16 billion).
- Received Remarkable Services Award in the span of eight months for successful transition of completely two newly processes. migration from onshore counterparts.
Timeline
Assistant Vice President
Apex Fund Services LLP
04.2020 - Current
Senior Associate
SS&C Globeop Financial Services Ltd.
03.2016 - 04.2020
MBA - Accounting And Finance
D Y Patil University's School of Management
04.2014 - 03.2016
Bachelor of Commerce - Accounting And Finance
SSR College of Arts, Science & Commerce
03.2011 - 03.2014
Higher Secondary Education - Commerce
Lions School of English
04.2010 - 02.2011