SHIVA PRASAD BASHABOINA
Hyderabad
Summary
Having 7 years of work experience in BFSI industry and an MBA grad specializing in finance and operations graduated in 2020 and Possess knowledge related to AML/KYC, Insurance and reconciliation. Additionally skilled in leadership ,problem-solving, and decision making. Looking forward to utilizing these skills in your company.
Overview
7
7
years of professional experience
5
5
years of post-secondary education
3
3
Languages
Work History
Process specialist
Infosys
02.2023 - Current
- Investment banker analyst (client onboarding process for a leading bank in United states)
- Pilot batch for the project and worked in several departments to reach the needs of the client
- Conducting CDD and EDD for new and existing clients to identify potential risks and ensure compliance with regulatory requirements (AML/KYC)
- Performing confidential reviews on identified PEP entities and compiling biographies of identified PEPS with documentary evidence and reporting to the management.
- Closely Monitored and reviewed customer account transactional activities and made recommendations for further review and investigations
- Sourcing and writing up information regarding PEP source of wealth
- Analyzed complex financial transactions to detect suspicious activity, identifying potential money laundering, terrorist financing, and other illicit financial activities
- Account opening for brokerage companies
- Various accounts like individual, entities, trust, IRA etc
- Strong organization skills with an excellent attention to detail
- Compliance with regulatory frameworks is of utmost importance
- Understanding client Needs effective onboarding
- Preparing the monthly and weekly reports
- Conducted regular process reviews, identifying inefficiencies and implementing improvements that led to increased productivity and cost savings.
- Corrections in the account like address change, name, number etc
- Optimized process efficiency by identifying bottlenecks and implementing improvements in workflows.
- Self auditing the work from the bulk reports
Senior Process Analyst
Tech Mahindra
12.2019 - 02.2023
- As Financial Transaction Quality Checker and Team lead Back-up
- Training new team members
- Conducted CDD and EDD assessments for superannuation clients, ensuring compliance with the Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations for retirement savings accounts
- Evaluated and identified red flags in client activity and behavior, ensuring that proper investigations were carried out in accordance with legal and regulatory requirements
- Handling daily team meetings regarding process updates
- Delivered timely project outcomes by effectively managing resources and prioritizing tasks based on business requirements.
- Conducted regular audits to ensure adherence to established policies and procedures, maintaining high levels of compliance.
- Improved transparency within the organization by creating detailed reports showcasing process performance metrics and progress towards goals.
- Handling Insurance Reconciliation activities
Process Associate
Tata Consultancy services
11.2017 - 12.2019
- Processing RMD Transactions in insurance and retirement process
- Verifying client identity and source of funds for insurance-based retirement accounts, ensuring the legitimacy of contributions and withdrawals as per regulatory standards (AML/KYC).
- Monitored RMD transactions for high-risk or unusual activity, such as large withdrawals or changes in withdrawal patterns, to identify potential signs of financial crimes or tax evasion.
- Ensured clients met RMD requirements by verifying the client's age, account balance, and applicable tax status, providing timely guidance on required distributions
- Handling escalations and Monthly Quality reporting handling client on calls
- Managed multiple tasks simultaneously, ensuring timely completion of all assignments.
- Communicated effectively with colleagues and supervisors to resolve issues promptly and accurately.
- Collaborated with team members for enhanced process efficiency and productivity.
- Increased accuracy in data processing by conducting regular quality checks and implementing corrective measures when necessary.
Education
MBA - Finance
St. Johns PG College
Hyderabad, India 04.2014 - 01.2017
Board of Intermediate education - undefined
Silver Jubilee Junior College
01.2012 - 01.2014
S.S.C - undefined
Divya Jyothi High School
Skills
- Process automation
- Process improvement
- Presentations
- Process documentation
- Problem-solving abilities
- Time management abilities
- Teamwork and collaboration
- Team building
Accomplishments
- Awarded with the Best Student of the year in Silver Jubilee Junior College in the year 2014
- Awarded with the Best employee for 3 times in Tech Mahindra
- Awarded with the Best employee for 1 time in Tata Consultancy Services
- Created SOP for transition process in Infosys
Personal Information
Extra-Curricular Activities
Sports Captain in school
Participating in Blood donation camps
Cricket
Playing Cricket is fun and exciting game that refresh me
Timeline
Process specialist
Infosys
02.2023 - Current
Senior Process Analyst
Tech Mahindra
12.2019 - 02.2023
Process Associate
Tata Consultancy services
11.2017 - 12.2019
MBA - Finance
St. Johns PG College
04.2014 - 01.2017
Board of Intermediate education - undefined
Silver Jubilee Junior College
01.2012 - 01.2014
S.S.C - undefined
Divya Jyothi High School
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