Shanti Tadepalli
AVP - Financial Crime Compliance
Hyderabad
Summary
Recognized for strengthening organizations to excel in competitive environments, with a focus on FCC, Fraud Management, Client Lifecycle, KYC, AML Compliance, Operations Management, Training, and Client Servicing. Expertise in implementing strategic initiatives that drive operational excellence and regulatory adherence. Proven track record in enhancing client relationships and streamlining processes to maximize efficiency and compliance. Seeking opportunities with a prestigious organization to leverage skills in transforming challenges into growth opportunities.
Overview
19
19
years of professional experience
3
3
Certifications
Work History
AVP
Wells Fargo International
12.2022 - Current
- Leading a team that manages second line of defence for Sanctions screening and alert dispositioning for Wells Fargo's customer and relationships, as well all international and domestic wire transfers, global remittances, transactions, and other payment products in Global Sanctions Screening Risk Reporting.
- Participating and conducting comprehensive research and/or background investigations of bank customers (individuals/entities), related parties (owners, board of directors, executives) and/or transactions that present a moderate degree of complexity and risk to determine potential reputational risks for Wells Fargo.
- Handling the escalations from Line of Businesses and providing the required assistance with queries and advisory over the risk nature of the transactions.
- Partnering with Line of Businesses to handle escalations on Fraud management and Fraudulent transactions.
- Identifying and handling of any FCC risks associated with the completed work by the team and ensuring of any emerging trends or controls are dealt as per the compliance and regulatory requirements.
- Handling third party resource employees during their tenure in Wells Fargo through training, oversight on the quality of their dispositions, Inbuilt Quality Control, maintenance of procedures and appropriate actioning of the regulated procedures as per the processes and providing recommendations to keep the Wells Fargo from any risk associated.
- Maintenance of the auditory requirements as a point of contact from the India site to provide the required information and details in accordance to the applicable policies and taking any actions as needed for the outcomes of the audits.
- Maintenance and tracking of the procedures along with update to the local desktop procedures created at par with the outlined processing procedures.
Manager
Invesco
10.2020 - 12.2022
- Undertake investigations into any suspicious transactions reported from various internal or external sources.
- Perform appropriate control testing of the processes handled by the HYD team including sample testing, threshold testing, review of the exceptions reported, and providing the required overview for the FCC program of Invesco to be in line with the global expected standards of program.
- Identifying and handling of any FCC risks associated with the completed work by the team and ensuring of any emerging trends or controls are dealt as per the compliance and regulatory requirements.
- Validate the controls of the screening applications and examining the controls being handled by the first line of defence.
- Provide FCC advisory support alongside of the sites MLRO to the business lines and support functions on the appropriate standards for compliance with the applicable AML/CTF laws, rules and regulations. This includes support provided to the Global FCC function, regional compliance functions in developing and implementing an effective and compliant FCC program.
- Created and enhanced KYC risk Assessment through an internal inbuilt tool to handle the KYC risk assessment of the onboarded/remediated clients for assessing/reassessing of the risk level and handle the associated changes for KYC compliant.
- Reviewing of the suspicious transactions reported by the team as a point of escalation and make decisions as an ultimate decision maker along with providing the required auditory documentation for the decisions.
- Reviewing of the first line of Défense processes to be in line with the regulatory requirements.
- Defining the KYC-CDD requirements based on different client types, countries, and regulations.
- Propose changes to the current processes based on the new regulatory changes for the respective countries.
- Strategizing and managing the client end to end lifecycle, KYC remediation’s, EDD&CDD, Screening, SAR’s, Fraud detection and KYC operational process in consideration of effective risk management and exceptional customer experience.
- Leading a team that manages risk and control with the regulated bodies & laws by taking appropriate steps to prevent, detect and report the possible use of Invesco Funds for the purpose of money laundering and terrorist financing through credit settlements & distribution of assets for the legatees & beneficiaries to assess risks and fraud.
Deputy Manager
Franklin Templeton
11.2006 - 09.2020
- Ensure to maintain control on continuous assessment of the activities related to prospectus and regulatory compliance, such as first level teams’ AML compliance rules, KYC, Risk Management, Trade Monitoring and support the customer identification program (CIP), due diligence transaction monitoring/investigation-related activities.
- Proven knowledge of various AML regulations and applications like AML/CTF policies, FATF, OFAC, Banking Secrecy Act, US Patriot Act, World Check, Finscan etc.
- Continuously inspired to removing less logical procedures in processes, thereby reducing AHT, identifying improvement areas and implanting adequate measures to maximize controls includes both directly and indirectly managed funds.
- Contributing in screening & hiring employees including the interns as per staffing needs.
- Signing off/documenting the policy changes to the policy and procedures of the department or any updates resulting from the process improvements from the compliance perspective.
- Successfully lead the onsite and offsite projects with expertise in association with the project management teams in launching new products and in doing off site transitions.
- Developing talent for continuous building of the teams and evolving high performance teams with effective lowest attrition rates. D&I champion for the improvement of inclusion at the workplace for an inclusive workplace. Creating, streamlining and implementing various programs for creating more diverse workspace.
Education
Bachelor's degree - undefined
St. Josephs College
Visakhapatnam01.2006
Skills
Financial Crimes
Certification
CFA Claritas certified
Awards
Recipient of Bravo Award and various spotlight Awards, Recognised as Team Champion multiple times for the best performance, Ovation Award, Fabulous Women Achiever
Career Timeline
- Nov 2006 - Aug 2010 SME/Sr Associate, Franklin Templeton
- Sep 2010 - Nov 2012 Sr Trade Control and AML Analyst, Franklin Templeton
- June 2013 - Sep 2015 Training and Learning Consultant, Franklin Templeton
- Oct 2015 - Sep 2018 Assistant Manager, Franklin Templeton
- Oct 2018 to Sep 2020 Deputy Manager, Franklin Templeton
- Oct 2020 - Dec 2022 Manager, Invesco
- Dec 2022 - Till Date AVP-FCC, Wells Fargo
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