Suresh Yelamanchili
Hyderabad
Summary
Manager Investigative Reporting – Anti Money Laundering Operations – Transaction Monitoring
An astute AML professional with more than 10 Years of experience in Compliance operations (AML/KYC/CDD) in the banking industry. Exposure to Transaction monitoring, monitoring of UK commercial banking and WPB banking, US correspondent banking activities, financial crime compliance, sanctions/payments, alert/case management, enhanced due diligence (EDD), AML/KYC framework review, Customer Risk Categorization, Regulatory reporting, AML System implementation, New Account monitoring, Politically Exposed Persons review, Referrals, Check review, KYC remediation, Quality Assurance, MIS etc.
Exposure to multi-faceted banking operations including general and retail banking operations. Exceptionally well organized with a track record that demonstrates self-motivation, creativity and initiatives to achieve the set goals An effective communicator with excellent team handling, relationship building & interpersonal skills
Overview
19
19
years of professional experience
Work History
Manager Investigative Reporting – Anti-Money Laundering operations
HSBC
11.2020 - Current
- Working on a project using DRA (dynamic risk assessment) as part of ILFCRM (intelligence linked financial crime risk mitigation) to identify risks related to (AML) anti money laundering and (TF) terrorist financing
- Responsible for conducting effective and timely investigations into assigned cases in accordance with agreed standard reporting requirements and service level agreements which include: Unusual activity reports from various parts of the bank as well as other HSBC entities as applicable, Escalated cases from transaction monitoring systems, Escalated cases identified by true matches to screening lists escalated from name screening teams, Cross-border referrals and, Escalated cases from fraud operations
- Conduct a review in line with the instructions in order to identify any probable financial crime related issues or mitigation of any financial crime risks
- Responsible for writing high quality investigative/SAR ready narratives and to record the case histories with supporting findings in an approved case management system
- During or at the end of each investigation review recommendations made which may include referral to the MLRO as to whether a suspicious activity report should be filed or not in consultation with the respective manager, escalate investigations to appropriate other teams for co-ordination and further review as required (sanctions, ABC, Major investigations etc.,) In consultation with the respective manager where appropriate interact with relevant stakeholders including complex and major investigations and customer selection exit management secretariat to manager financial crime risk
- Assess the quality of KYC information and processes as part of investigation and where appropriate refer actions any issues to the appropriate function.
Senior Analyst – Transaction Monitoring - AML
HSBC
10.2016 - 10.2020
- Senior Analyst and Subject Matter Expert in Transaction monitoring
- Part of high risk monitoring team which conducts Anti Money Laundering and Terrorist Financing monitoring (wire monitoring) for the correspondent banking and corporate accounts maintained by the Global Payments and Cash Management business for HSBC Bank USA NA
- Investigate suspected cases of activity related to money laundering or terrorist financing or other related financial crimes
- Identifying patterns of suspicious activities, flow of funds, frequency of transactions, incoming and outgoing of funds and pattern of funds flow; Identifying politically exposed persons, sanctioned individuals and entities, fraudsters and money launderers and mitigate risks associated with financial crimes
- Interface effectively with key partners on all compliance related issues; SAR reporting and interaction with clients for all suspicious activities
- Experience of effectively guiding/coaching teams in a complex processing environment including processes requiring stringent regulatory adherence
- Implement effective strategies which contributed towards building domain expertise & knowledge retention, thereby leading to managing volume spikes, adhoc assignments etc
- Effective performance management of the teams has resulted in meeting & exceeding process performance metrics.
- Mentored junior analysts, fostering professional development while enhancing overall team performance.
- Collaborated with cross-functional teams to identify areas of improvement, leading to increased operational effectiveness.
- Provided expert advice for senior management, contributing to informed decision-making and strategic planning.
- Enhanced team productivity by streamlining workflow processes and implementing time-saving strategies.
- Developed comprehensive risk management strategies to minimize potential losses and safeguard business interests.
Sr Inv Executive – TM Ops - Anti Money Laundering
HSBC
01.2011 - 09.2016
- Review and research on the transactions on suspicious Money laundering activities escalated by Level 1 investigators
- Perform KYC on the corporate clients of HSBC USA; identify the line of business, principal owners, flow of funds of the entity, frequency of transactions, incoming and outgoing of funds, identify if the entity is regulated (for financial institutions), parent/subsidiary company information etc
- Strong exp in Transaction Monitoring, AML Alert, Suspicious Activity, Financial Crime Investigation (FCR), AML Operations & Investigations
- Terrorism Financing (ML/TF) alerts generated from Transaction Monitoring System (TMS) to identify false positive alerts; Close ML alerts where able to confirm activity as not suspicious
- Investigate Watch List Management (WLM) alerts to identify potential Politically Exposed Persons (PEP) and close alerts identified as false positive and provide justification for closure; Escalating the alert if found inconsistent with the KYC profile of the customer
- Ensure high standards of quality service maintained at every stage of process to exceed quality and productivity targets
- Responsible for creating and preparing detailed reports about the subject in question and match the context of the search with the same
- Summarize the findings in a clear and concise manner and support the report with evidences thus ensuring the work is complete in accordance with established procedures and standards.
- Identified opportunities for process improvements within the transaction monitoring workflow, resulting in increased efficiency without compromising quality or compliance standards.
- Ensured prompt resolution of cases involving potential money laundering or terrorist financing activities, liaising with law enforcement agencies as needed.
Senior Executive – Back office Operations
HSBC
10.2005 - 12.2010
- Demonstrated excellence in handling Back Office Customer Care Operations of the Bank which involved: New Account Openings - for banking and credit cards, Maintenance of Accounts – name changes & additions, closures & statements, Address Up-dation of the Customer Accounts, Dexterously involved in handling issue and reissue of credit cards, Address the queries of clients and involved in mailing of statements, confirmation letters, etc., Managed the in-bound calls on customer accounts, query redressal, etc., Successfully managed the customer queries pertaining to banking and credit cards from HSBC offices across the globe, Deftly involved in processing of orders, forms, applications & requests and ensured the resolution of the issues, Successfully involved in process updations, Honoured with Star Performer Awards/APT/Quality Star Awards and number of Top Performer awards.
Education
M.Com. (Commerce) -
Andhra University, Visakhapatnam
01.2001
Skills
- Responsible for conducting investigations concerning accounts/transactions where potential financial crime risk has been identified and where necessary referring and or escalating such cases in accordance with the investigative reporting procedures for regulatory decisions and filing and appropriate internal referrals for action
- Ensure suspicious activity is reported to the appropriate authorities in a timely manner and in accordance with the applicable SLAs
- Assistance in provision of accurate and timely management information as required; Support the teams in day-to-day operations of transaction monitoring work
- Audit Operations of Payments and Cash Monitoring for the Bank’s US operations on alerted activities escalated by Level 1 investigators
- Verbal and written communication
- Complex Problem-Solving
- Operations Management
- Decision-Making; Computer Skills
- Problem Resolution; Process Improvement
- Employee Coaching and Mentoring
- MS Office
Languages
English
Hindi
Telugu
Personal Information
- Born 04 June 1964
- Passport Number: V5846006
- Nationality: Indian
Training Received
- Completed Computer Training – MS Office and application softwares
- Trained on: Writing Skills in English – Hong Kong & Shanghai Banking Corporation
- Global Standards by HSBC
Timeline
Manager Investigative Reporting – Anti-Money Laundering operations
HSBC
11.2020 - Current
Senior Analyst – Transaction Monitoring - AML
HSBC
10.2016 - 10.2020
Sr Inv Executive – TM Ops - Anti Money Laundering
HSBC
01.2011 - 09.2016
Senior Executive – Back office Operations
HSBC
10.2005 - 12.2010
M.Com. (Commerce) -
Andhra University, Visakhapatnam
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