Shraddha Awasthi
Mumbai
Summary
Compliance professional with 13 years of experience in the financial industry, specializing in anti-money laundering (AML) and trade-based money laundering (TBML) and Trade Finance. Proven expertise in transaction monitoring, financial crime investigations, and regulatory reporting. Developed typologies that identify complex financial crime patterns, enhancing compliance measures.
Overview
13
13
years of professional experience
1
1
Certification
Work History
Assistant Vice-President
Yes Bank Ltd
mumbai
04.2025 - Current
- Promoted to AVP in April 2025 and currently leading the TBML department as Team Leader.
- Oversaw risk-based reviews involving KYC/CDD/EDD analysis, suspicious transaction review, and TBML investigations across Trade Finance transactions.
- Identified and escalated potential financial crime risks, including unusual trade patterns, sanctions concerns, and high-risk customer activities in line with FATF and internal compliance guidelines.
- Prepare internal risk advisories and guidance notes highlighting emerging TBML risks and mitigation measures.
- Delivered comprehensive SOPs for transaction monitoring, EDPMS/IDPMS, and NON-CASA reviews.
- Coordinated with stakeholders to conduct API name-screening and sanctions screening reviews in line with regulatory compliance requirements.
- Conducted AML/TBML training sessions to enhance team understanding of emerging financial crime trends and compliance expectations.
- Prepared MIS reports and coordinated with stakeholders for management review processes.
- Planned employee workloads and strategically delegated tasks to manage operational requirements effectively
Senior Manager
YES BANK LTD.
mumbai
01.2023 - 03.2025
- Conducted thorough investigations into customer transactions to identify potential money laundering activities, adhering to regulatory compliance standards.
- ·Prepare Grounds of Suspicion (GOS) and support filing of Suspicious Transaction Reports (STR) with FIU-IND.
- ·Analyse transaction patterns and develop TBML typologies to identify emerging financial crime risks.
- Review notices, communications, and information requests received from law enforcement agencies.
- Track regulatory developments and assist in periodic AML policy and compliance manual updates.
- Generated MIS reports in accordance with management routines.
- Mentoring new employees, and adjusting to their new roles and responsibilities.
Manager
HDFC BANK LTD.
02.2016 - 12.2022
- Led A1/A2 outward remittance operations, managing both Current Account and Capital Account transactions including FPI, AIF, FDI, and ECB payments in compliance with RBI, FEMA, and internal regulatory guidelines.
- Built and maintained strong client relationships through proactive stakeholder management, resolving queries related to remittances, trade documentation, and transaction processing.
- Performed detailed scrutiny of trade finance documents, including advance payments, direct import payments, and bills under collection within the IDPMS framework.
- Issued Foreign and Inland Letters of Credit (LCs) in accordance with ISBP and international trade finance standards, ensuring operational accuracy and regulatory compliance.
- Administered collateral margins, documentation, and operational controls associated with LC issuance to mitigate transactional and credit risk.
- Handled Merchant Trade Transaction (MTT) breach reporting and coordinated half-yearly regulatory submissions to the Reserve Bank of India (RBI).
- Identified and escalated operational exceptions, discrepancies, and abnormal transactions to senior management for timely risk mitigation and resolution.
- Supervised and mentored operational teams, ensuring efficiency in production activities, process adherence, and service delivery standards.
Ensured compliance oversight through regular monitoring, audit participation, and regulatory documentation reviews.
Finance Executive
Prakash Steelage Ltd
06.2013 - 02.2016
- Assisted in preparing documents for import payments, export commission payments, LC discounting, buyer’s credit, PCFC loans, Letters of Credit, and bank guarantees.
- Coordinated with banks and the finance team for forex rates related to import payments, outward remittances, LC bills, buyer’s credit, and packing credit transactions.
- Followed up on export proceeds realization and supported timely adjustment of overdue PCFC accounts.
- Prepared MIS reports for buyer’s credit, PCFC loans, fixed deposits, outward payments, and forward contracts.
- Monitored daily bank debit and credit transactions and supported account reconciliation activities.
- Coordinated with insurance companies to obtain quotations and assist in policy renewals and documentation.
- Supported the finance team in day to day trade finance and treasury operations.
Education
PGDFM -
Mumbai University
01-2015
BCOM -
Mumbai University
01-2013
HSC (10 + 2) -
Mumbai University
01-2010
SSC -
Mumbai University
01-2008
Skills
- AML & TBML Investigations
- Financial Crime Compliance
- Trade Finance Operations
- Transaction Monitoring
- KYC / CDD / EDD Review
- Suspicious Transaction Review
- Typology Development
- Sanctions Screening
- OFAC & FATF Guidelines
- Risk-Based Investigations
- Stakeholder Management
- SOP's Development
- Team Leadership & Training
- Regulatory Compliance
- A1/A2, Current & Capital Account
- Letters of Credit
- RBI Reporting & Regulatory Compliance (MTT, IDPMS, )
- SWIFT Messaging & MIS Reporting
- Client Relationship Management
- Audit Oversight
Certification
- Illegal Wildlife Trade Financial Investigation Examination – CAMS
- AML Transaction Monitoring and Suspicious Transaction Reporting – National Institute of Securities Markets (NISM)
- Certified in Anti-Money Laundering & Know Your Customer from Indian Institute of Banking & Finance
- Certified in Trade Based Money Laundering Investigator from Pon Sun AML Academy
- Certified Anti Money Laundering Investigator from Pon Sun AML Academy
- Certified in Foreign Exchange from Indian Institute of Banking & Finance
Hobbies and interests
- Reading Fiction
- Trekking
Disclaimer
I hereby affirm that the information in this document is accurate and true to the best of my knowledge.
Accomplishments
- Investigated, identified money laundering trend contributing to law-enforcement investigative proceedings that were later referenced in public enforcement communications.
- Emerging Leader Award in recognition of outstanding dedication and commitment to excellence during FY 2025-2026
Timeline
Assistant Vice-President
Yes Bank Ltd
04.2025 - Current
Senior Manager
YES BANK LTD.
01.2023 - 03.2025
Manager
HDFC BANK LTD.
02.2016 - 12.2022
Finance Executive
Prakash Steelage Ltd
06.2013 - 02.2016
PGDFM -
Mumbai University
BCOM -
Mumbai University
HSC (10 + 2) -
Mumbai University
SSC -
Mumbai University