SIVARAMAKRISHNA VELASIRI

Since 11th July’19

Job Profile Summary:

• Performing review on corporate Banking Clients like Private Limited Company, Public Limited Company, Trusts, Housing Associations, Educational Establishments, Partnerships etc.,.
• Having good experience on conducting CDD (Customer Due Diligence) and EDD (Enhanced Due Diligence).
• One of the very few Top Quality Performers in a team for Financial crime operations project of KYC Analyst in Corporate& Investment Banking with an RFT rate of 90% in terms of Quality.
• Updating customer records from Reputable public sources and Contacting RD (Relationship Director) for due diligence and updating records as per evidences within the timeline.
• Conducting screening on counterparties with the help of applications like ALACRA and worldcheck.
• Conducting required due diligence on persons, accounts or activities in accordance with AML regulations, including high risk countries and entities, OFAC sanctioned entities, politically exposed people (PEP), watch-list entities and money services business.
• Reviewing BAR including Nature of Business, source of funds, high risk countries, PEP, Sanctions and others among the BAR.
• Completing the case from start to end by initial preparation of collecting the Client List Data to Sending the case to Quality Team.
• Getting recognized from onshore team for completing the Bespoke Cases of Large Clients within the Scheduled time and achieving the target with 100% Quality.
• Having exposure related to OFAC, USA Patriot Act, BSA, Sanctions, PMLA, CTF and FATF.
• Having good exposure in contacting the onshore team. Currently being an SME for training the new joiners.
• Received appreciations from Quality members as well as from Team Managers for maintaining the excellent Quality.
• Having very good hands-on experience in identifying the Redflag’s.

Vintage: From 17thFebruary’14 to 29th June’19.

• Review of Investigation reports on Actual/ Attempted and suspected frauds in Banking products submitted by field Investigators
• Have worked on entities like private and public limited companies, Trust, Government companies, FPIs and others.
• Have worked for Indian KYC Local requirements.
• Have worked with both corporate and investments clients and having good exposure towards collecting proper documents.
• Review of non-compliance concerns at Bank’s branches in terms of transaction processing and service
• Reporting actual and attempted frauds in Fraud Management System (FMS) to report Regulator
• Identifying suspected fraud cases raised and analyzing the same for requirement of Investigation
• Risk assessment in terms of involvement/ lapses of bank’s staff in each case
• Well familiar with anti-fraud strategies & mechanisms, fraud auditing techniques and root cause analysis with respect to the banking industry
• Transaction Monitoring of Bank staff accounts to mitigate risk by identifying suspected transactions
• Retaining MIS reports and trackers for closely supervising the investigations and developing Modus Operandi's for each investigation product
• Evaluation of staff actions in staff involvement cases with effective penalty for further prevention.
• Excellent analytical, problem-solving skills necessary to identify and comprehend potential threats, vulnerabilities and recommend appropriate security controls