Shubham Kumar Mahato

• Independent Testing & Validation Specialist.
• Involved in IT&V activities to assess the design and effectiveness of the control, ensuring alignment with regulatory and enterprise risk management standards.
• Conducted RCSA (Risk & Control Self-Assessment) reviews, identifying control gaps and evaluating mitigating strategies to strengthen the control environment.
• Collaborated with control owners and stakeholders to drive issue identification, supported documentation of test plans, test scripts and workpapers in accordance with enterprise testing policies and regulatory expectation.

Independent Testing & Validation Specialist
July 2025 – Present

Lead independent control testing engagements to assess design adequacy and operating effectiveness of AML, regulatory compliance, and financial crime controls within an enterprise risk management framework.

Key Contributions:

• Execute structured testing methodologies to evaluate key AML controls across lines of defense. • Perform Risk & Control Self-Assessments (RCSA) to identify control deficiencies and assess remediation plans. • Develop comprehensive Control Design Assessments (CDA), Data Validation Templates (DVT), walkthrough documentation, and formal test scripts. • Partner with control owners, compliance stakeholders, and risk management teams to validate control enhancements. • Ensure documentation standards meet internal audit, regulatory, and governance expectations.

• Business Area- Regulatory and Legal Support. Business Line- Forensic.
• XIN Specialist 2 Anti Money Laundering (AML).
• Execute and finalize Control testing activities within designated timelines, adhering strictly to established processes and procedures.
• Successfully executed CIP and OFAC Sanctions testing, contributed to RCSA engagements and prepared walkthrough documents, Control Design Assessments (CDA) and Data Validation Templates (DVT).
• Conducted Transaction Monitoring (TM), KYC and Customer Due Diligence (CDD). Performed alert investigation, escalation and reporting of suspicious activities, risk categorization based on adverse findings or changes in business nature.

AML Specialist – Control Testing & Financial Crime Compliance
Nov 2023 – July 2025

Delivered AML compliance and regulatory testing services to global banking clients as part of forensic and regulatory advisory engagements.

Key Responsibilities:

• Executed AML control testing including Customer Identification Program (CIP), OFAC sanctions compliance, and regulatory framework adherence reviews. • Conducted end-to-end Transaction Monitoring investigations, analyzing complex transactional behavior and identifying red flags. • Performed KYC/CDD/EDD reviews including ownership structure analysis, beneficial ownership verification, and business profile validation. • Identified financial crime typologies such as structuring, layering, funnel accounts, high-risk jurisdiction exposure, trade-based anomalies, and rapid movement of funds. • Conducted adverse media analysis and updated customer risk ratings in accordance with evolving risk indicators. • Prepared executive-ready case documentation and escalation summaries aligned with regulatory expectations. • Supported regulatory remediation initiatives and compliance transformation projects.

• Identified HSBC customers involved in criminal activities, money laundering, and terrorism, while continuously enhancing knowledge of the latest Anti-Money Laundering (AML) trends.
• Utilized available systems to review and verify the authenticity of transactions within each alert.

AML Analyst (Level 1 & Level 2)Jan 2023 – Nov 2023

Managed Transaction Monitoring investigations across UAE, Bahrain, Qatar, Canada, and India portfolios within a global banking environment.

Key Achievements:

• Investigated system-generated alerts involving unusual transaction patterns, cross-border flows, and high-risk counterparties.

• Conducted in-depth customer risk assessments using transactional history, KYC data, and external intelligence sources.

• Escalated suspicious cases with structured narratives for SAR filing consideration.

• Applied knowledge of regional AML typologies and terrorist financing indicators.

• Maintained strong productivity and quality benchmarks in a high-volume alert environment.

• Acquired extensive professional experience across the UAE, Bahrain, Qatar, Canada, and India, specializing in various money laundering typologies.

• Review the alerts generated by TM systems and ensure the anomalous activities are escalated appropriately in accordance with regulatory requirements where appropriate.
• Analyze triggered account, Customer due diligence, check the transaction in every aspect including KYC
• documents/O. V. D of individuals, proprietorship, partnership, PVT LTD, public ltd, LLP, HUF, Overall Account transaction checking, checking every aspect of money laundering, escalating suspicious transactions.
• Take the decision and comment preparation and tag transaction as suspicious / non-suspicious.

AML Analyst – Transaction Monitoring (L1)
May 2022 – Dec 2022

• Reviewed and dispositioned AML alerts generated by monitoring systems. • Conducted detailed KYC verification including Officially Valid Document (OVD) review for individuals and entities. • Assessed complex entity structures including proprietorships, partnerships, LLPs, and corporates. • Documented investigation findings with clear rationale supporting suspicious or non-suspicious conclusions. • Escalated high-risk cases in accordance with internal AML policy and regulatory guidelines

• Customer relationship Management.
• KYC.
• Operations.
• KYC & Operations Executive
  Nov 2020 – May 2022• Performed customer onboarding and KYC due diligence reviews. • Ensured documentation completeness and compliance with AML standards. • Supported operational risk mitigation and internal compliance monitoring.