Shivakumar Burrallu
Hyderabad
Summary
Qualified with solid background in analysis and problem-solving. Proven track record of identifying inefficiencies and implementing solutions that improve operational performance. Demonstrated ability to leverage data analytics and strong communication skills to drive strategic initiatives.
Overview
5
5
years of professional experience
Work History
EDD Analyst
Coinbase US Tech Solutions
04.2024 - Current
- Conducted comprehensive risk assessments on new and existing customers, performing in-depth analyses of high-risk clients and transactions to evaluate and identify potential financial crime risks, including money laundering and fraud.
- Gathered and verified information from high-risk clients, ensuring compliance with regulatory requirements and company policies.
- Maintained expertise in Anti-Money Laundering (AML) regulations, Know Your Customer (KYC) guidelines, and other regulatory requirements while ensuring adherence to internal policies and procedures.
- Identified and documented sources of wealth, source of funds, and proof of employment.
- Utilized analytical tools and methodologies to assess transaction patterns and customer behaviors.
- Conducted thorough investigations into suspicious activities and transactions, collaborating with internal SMEs.
- Prepared detailed reports and summaries of findings for senior management, highlighting key risk indicators and recommendations.
- Maintained accurate and organized documentation of due diligence activities in compliance with internal and regulatory standards.
- Developed and recommended risk mitigation strategies based on findings from due diligence investigations.
- Reviewed and investigated suspicious transactions flagged by automated systems, providing thorough documentation of findings.
- Prepared detailed reports on investigations, including risk assessments and recommendations for further action.
- Stayed up-to-date with relevant laws and regulations (e.g., AML, KYC) to ensure the company's practices align with legal standards.
- Implemented controls and monitoring measures to mitigate potential financial crime risks.
- Monitored customer accounts and transactions on an ongoing basis to detect and prevent suspicious activities.
- Conducted periodic and trigger reviews for the customers with existing EDD policies and procedures to ensure effectiveness and compliance.
Analyst
Wipro
Hyderabad
05.2020 - 01.2022
- Review and analyze financial transactions, looking for patterns, trends, or anomalies that may raise suspicion or trigger alerts.
- Identify and investigate potentially suspicious activities, such as large cash deposits, multiple transactions just below reporting thresholds, rapid and unexplained movement of funds, etc.
- Investigating the alerts which were Generated based on predefined rules and thresholds set by the institution's compliance department or regulatory authorities. These rules help flag transactions that need further investigation.
- Conducted thorough research on customer profiles, transaction histories, and external data sources to gather relevant information for investigations.
- Maintain detailed and accurate records of investigations, including documentation of findings, actions taken, and decisions made. This documentation is crucial for compliance and audit purposes.
- Maintained meticulous documentation of investigations, including findings, actions taken, and decisions made, to support compliance and audit requirements.
- Analyzing specific customer transactions and information in a timely manner to determine unusual account activity done. Performed in-depth investigations, retain case documentation, and provide analysis of findings.
- Utilize transaction monitoring software, data analysis tools, and other technology platforms to efficiently analyze and manage large volumes of transactions.
- Utilized bank systems, subscription and public databases, and other tools to research clients, counterparties and related entities to the transactions. Conducted internal account/customer investigations to identify potentially suspicious activity and/or AML violations.
- Escalating the alerts for further investigation where we cannot ascertain the reason for transactions. Where such escalation is not required, close the alert. Support every decision with a detailed audit record of the rationale for decision making.
- Stay up-to-date with relevant laws, regulations, and industry best practices related to anti-money laundering (AML), know-your-customer (KYC), and other financial crime prevention measures.
- Investigating the alerts within the turnaround time (TAT) and adhering to the quality guidelines.
Analyst
Cognizant
Hyderabad
07.2018 - 04.2020
- Review and analyze financial transactions, looking for patterns, trends, or anomalies that may raise suspicion or trigger alerts.
- Identify and investigate potentially suspicious activities, such as large cash deposits, multiple transactions just below reporting thresholds, rapid and unexplained movement of funds, etc.
- Investigating the alerts which were Generated based on predefined rules and thresholds set by the institution's compliance department or regulatory authorities. These rules help flag transactions that need further investigation.
- Conducted thorough research on customer profiles, transaction histories, and external data sources to gather relevant information for investigations.
- Maintain detailed and accurate records of investigations, including documentation of findings, actions taken, and decisions made. This documentation is crucial for compliance and audit purposes.
- Maintained meticulous documentation of investigations, including findings, actions taken, and decisions made, to support compliance and audit requirements.
- Analyzing specific customer transactions and information in a timely manner to determine unusual account activity done. Performed in-depth investigations, retain case documentation, and provide analysis of findings.
- Utilize transaction monitoring software, data analysis tools, and other technology platforms to efficiently analyze and manage large volumes of transactions.
- Utilized bank systems, subscription and public databases, and other tools to research clients, counterparties and related entities to the transactions. Conducted internal account/customer investigations to identify potentially suspicious activity and/or AML violations.
- Escalating the alerts for further investigation where we cannot ascertain the reason for transactions. Where such escalation is not required, close the alert. Support every decision with a detailed audit record of the rationale for decision making.
- Stay up-to-date with relevant laws, regulations, and industry best practices related to anti-money laundering (AML), know-your-customer (KYC), and other financial crime prevention measures.
- Investigating the alerts within the turnaround time (TAT) and adhering to the quality guidelines.
Education
MBA - HR
Aurobindo College of Business Management
01-2021
B Tech - Mech
Guru Nanak Institute of Technology
01-2018
Intermediate - MPC
Narayana Junior College
01-2014
SSC - undefined
Sriniketan High School
01-2012
Skills
- Google Sheets
- Microsoft Office (Word, Excel, PowerPoint)
- Analytical thinking
- Process improvements
- Risk analysis
CAREER HIGHLIGHTS
- B Tech(Graduate) Professional with 4+ Yrs of work experience
- A quick learner, highly adaptable and a good team player
Timeline
EDD Analyst
Coinbase US Tech Solutions
04.2024 - Current
Analyst
Wipro
05.2020 - 01.2022
Analyst
Cognizant
07.2018 - 04.2020
B Tech - Mech
Guru Nanak Institute of Technology
Intermediate - MPC
Narayana Junior College
SSC - undefined
Sriniketan High School
MBA - HR
Aurobindo College of Business Management