Santosh Bommisetty
Associate Director- Sanctions Risk and Compliance at Mindsprint- Claim this Profile
Click to upgrade to our gold package
for the full feature experience.
Topline Score
Bio
Credentials
-
Agile Project Leadership
LinkedInJun, 2023- Nov, 2024 -
Cybersecurity Awareness: Web3, Crypto, and NFTs
LinkedInJun, 2023- Nov, 2024 -
AML Base
Usama mehmoodNov, 2022- Nov, 2024
Experience
-
Mindsprint
-
India
-
IT Services and IT Consulting
-
400 - 500 Employee
-
Associate Director- Sanctions Risk and Compliance
-
Aug 2023 - Present
• Handling a team who constantly watch out for the alerts (financial crime, anti-money laundering, sanctions related crime alerts) from counterparties critically, and help organisations take timely decisions. • Being a Subject matter expert on Sanctions laws and regulations, providing advice and collaborating with Business Units in the development of Sanctions processes and procedures to ensure risks are effectively identified and mitigated. • Liaising with business lines, internal… Show more • Handling a team who constantly watch out for the alerts (financial crime, anti-money laundering, sanctions related crime alerts) from counterparties critically, and help organisations take timely decisions. • Being a Subject matter expert on Sanctions laws and regulations, providing advice and collaborating with Business Units in the development of Sanctions processes and procedures to ensure risks are effectively identified and mitigated. • Liaising with business lines, internal external lawyers, and other internal stakeholders, and with the customers themselves regarding material sanctions concerns. • Lead and provide guidance in Sanctions/regulatory-related projects including partnering with external vendor / large team of stakeholders to evaluate and design reasonable solutions for screening. • Development of systemic solutions to enhance the effectiveness of the current programme, production of compliance metrics and reporting. • Fair understanding in analyzing the ownership structures of all business partners – from the very top in the chain of parent companies to all involved natural entities (shareholders) – and screening of all relevant parties. • Provide advice to the business on how to manage their sanctions exposure which includes the managing the complexities of MNC having to comply with complex sanctions regimes. • Interpretation and implementation of Sanctions laws and regulations. • Keep up to date with development on ever changing Sanctions laws, regulations, and risk trends. • Key responsibilities include supporting the organization's Ethical Business Programme through managing the global counterparty screening (especially sanctions) • Draft and roll-out all the required disciplinary/compliance policies as required for the organization; providing advice and guidance to the business where required. • Reviewing and introducing additional internal compliance controls of the organization, from time to time Show less • Handling a team who constantly watch out for the alerts (financial crime, anti-money laundering, sanctions related crime alerts) from counterparties critically, and help organisations take timely decisions. • Being a Subject matter expert on Sanctions laws and regulations, providing advice and collaborating with Business Units in the development of Sanctions processes and procedures to ensure risks are effectively identified and mitigated. • Liaising with business lines, internal… Show more • Handling a team who constantly watch out for the alerts (financial crime, anti-money laundering, sanctions related crime alerts) from counterparties critically, and help organisations take timely decisions. • Being a Subject matter expert on Sanctions laws and regulations, providing advice and collaborating with Business Units in the development of Sanctions processes and procedures to ensure risks are effectively identified and mitigated. • Liaising with business lines, internal external lawyers, and other internal stakeholders, and with the customers themselves regarding material sanctions concerns. • Lead and provide guidance in Sanctions/regulatory-related projects including partnering with external vendor / large team of stakeholders to evaluate and design reasonable solutions for screening. • Development of systemic solutions to enhance the effectiveness of the current programme, production of compliance metrics and reporting. • Fair understanding in analyzing the ownership structures of all business partners – from the very top in the chain of parent companies to all involved natural entities (shareholders) – and screening of all relevant parties. • Provide advice to the business on how to manage their sanctions exposure which includes the managing the complexities of MNC having to comply with complex sanctions regimes. • Interpretation and implementation of Sanctions laws and regulations. • Keep up to date with development on ever changing Sanctions laws, regulations, and risk trends. • Key responsibilities include supporting the organization's Ethical Business Programme through managing the global counterparty screening (especially sanctions) • Draft and roll-out all the required disciplinary/compliance policies as required for the organization; providing advice and guidance to the business where required. • Reviewing and introducing additional internal compliance controls of the organization, from time to time Show less
-
-
-
PwC Acceleration Centers
-
Professional Services
-
700 & Above Employee
-
Manager - AML and KYC Compliance
-
Apr 2021 - Mar 2023
Managed a team of 150 Members and handling AML/Sanction’s screening project for one of the reputed FINTECH Companies in the world. • Coordinated with 15 TL’s, leadership, stakeholders, and clients to set project targets and allocating the project tasks to the entire hub of 150 team members based on the volumes and headcount on a given day. • Involved in policy related queries and streamlining the process as and when any process discrepancies raised by team and escalations if any and… Show more Managed a team of 150 Members and handling AML/Sanction’s screening project for one of the reputed FINTECH Companies in the world. • Coordinated with 15 TL’s, leadership, stakeholders, and clients to set project targets and allocating the project tasks to the entire hub of 150 team members based on the volumes and headcount on a given day. • Involved in policy related queries and streamlining the process as and when any process discrepancies raised by team and escalations if any and making sure we address and resolve them • Dealt with Engagement team/client on daily basis to resolve the Process queries and reporting daily productivity to the stakeholders. • Involved in Process automation and implementation of BOTs to improve the process efficiency and give us more desired results in terms of delivery stand point. • Ensured the team meets the production targets and leading the team’s appraisal discussions, driving developmental plans and providing regular coaching & feedback to help them grow. • Analyzed the data, highlighting the trends & gaps and preparing the updated hub’s daily production reports to stakeholders and clients for business reviews. • Reviewed SOPs, processes, and tools to ensure that proactive changes have a positive impact on process and team performance.
-
-
Senior Consultant - Team lead_KYC_AML
-
Mar 2019 - Mar 2021
Managed a team of 25 members and handling KYC/AML compliance project for one of the reputed banks in the world. • Coordinated with leadership, stakeholders and clients to set project targets and allocating the project tasks to the entire hub of 200+ team members. • Responsible for team’s performance and ensured that the team’s production & quality is 200bps more than Overall hub’s average performance. • Led client’s business meetings and resolving the team’s case escalations in close… Show more Managed a team of 25 members and handling KYC/AML compliance project for one of the reputed banks in the world. • Coordinated with leadership, stakeholders and clients to set project targets and allocating the project tasks to the entire hub of 200+ team members. • Responsible for team’s performance and ensured that the team’s production & quality is 200bps more than Overall hub’s average performance. • Led client’s business meetings and resolving the team’s case escalations in close liaison with stakeholders.
-
-
-
EY
-
United Kingdom
-
IT Services and IT Consulting
-
700 & Above Employee
-
Senior Consultant- Team lead_AML_KYC_Compliance
-
May 2017 - Mar 2019
1. Led the team of 20 QC members in client’s identification, verification and screening programs to establish risk factors for critical business lines. 2. Owned business metrics and processes, aligned with business goals; established processes for measuring, tracking, and driving continuous improvement of metrics. 3. Managed day to day running of the team including workload allocation, stakeholder relations, process escalations, prioritization and project planning. 4. Managed the… Show more 1. Led the team of 20 QC members in client’s identification, verification and screening programs to establish risk factors for critical business lines. 2. Owned business metrics and processes, aligned with business goals; established processes for measuring, tracking, and driving continuous improvement of metrics. 3. Managed day to day running of the team including workload allocation, stakeholder relations, process escalations, prioritization and project planning. 4. Managed the team’s performance, ensured timely factual performance feedback, guiding and mentoring them to improve performance, creating a positive working environment and rewarding good performances. 5. Actively participated in hiring sprints and spearheaded the policy training program, training 40+ employees on the business line guidelines and processes. 6. Being SME for KYC/AML, maintained policies & procedure workflows, reports, resolved the queries and provided updates to top management and key stakeholders. Show less 1. Led the team of 20 QC members in client’s identification, verification and screening programs to establish risk factors for critical business lines. 2. Owned business metrics and processes, aligned with business goals; established processes for measuring, tracking, and driving continuous improvement of metrics. 3. Managed day to day running of the team including workload allocation, stakeholder relations, process escalations, prioritization and project planning. 4. Managed the… Show more 1. Led the team of 20 QC members in client’s identification, verification and screening programs to establish risk factors for critical business lines. 2. Owned business metrics and processes, aligned with business goals; established processes for measuring, tracking, and driving continuous improvement of metrics. 3. Managed day to day running of the team including workload allocation, stakeholder relations, process escalations, prioritization and project planning. 4. Managed the team’s performance, ensured timely factual performance feedback, guiding and mentoring them to improve performance, creating a positive working environment and rewarding good performances. 5. Actively participated in hiring sprints and spearheaded the policy training program, training 40+ employees on the business line guidelines and processes. 6. Being SME for KYC/AML, maintained policies & procedure workflows, reports, resolved the queries and provided updates to top management and key stakeholders. Show less
-
-
-
HSBC
-
United Kingdom
-
Financial Services
-
700 & Above Employee
-
Production Quality check, AML and KYC Compliance
-
Jun 2014 - May 2017
1. Ensured that all the KYC profiles of associates are audited as per the HSBC policies and procedures and kept high bar on production and quality. 2. Addressed all the associates’ queries and ensured that they are resolved and escalated to SME’s whenever required. 3. Ensured all the cases pass all the quality and control reviews and all process related changes are embedded in daily tasks. 4. Conducted Initial Due Diligence (IDD), Customer Due Diligence (CDD) and Enhanced Due Diligence… Show more 1. Ensured that all the KYC profiles of associates are audited as per the HSBC policies and procedures and kept high bar on production and quality. 2. Addressed all the associates’ queries and ensured that they are resolved and escalated to SME’s whenever required. 3. Ensured all the cases pass all the quality and control reviews and all process related changes are embedded in daily tasks. 4. Conducted Initial Due Diligence (IDD), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for clients to assess the associated risks. 5. Performed clients’ screening which includes material adverse news and sanctions, finding out high risk attributes involved like MSB connections, Bearer shares, PEP connections etc. Show less 1. Ensured that all the KYC profiles of associates are audited as per the HSBC policies and procedures and kept high bar on production and quality. 2. Addressed all the associates’ queries and ensured that they are resolved and escalated to SME’s whenever required. 3. Ensured all the cases pass all the quality and control reviews and all process related changes are embedded in daily tasks. 4. Conducted Initial Due Diligence (IDD), Customer Due Diligence (CDD) and Enhanced Due Diligence… Show more 1. Ensured that all the KYC profiles of associates are audited as per the HSBC policies and procedures and kept high bar on production and quality. 2. Addressed all the associates’ queries and ensured that they are resolved and escalated to SME’s whenever required. 3. Ensured all the cases pass all the quality and control reviews and all process related changes are embedded in daily tasks. 4. Conducted Initial Due Diligence (IDD), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for clients to assess the associated risks. 5. Performed clients’ screening which includes material adverse news and sanctions, finding out high risk attributes involved like MSB connections, Bearer shares, PEP connections etc. Show less
-
-
-
EXL
-
United States
-
IT Services and IT Consulting
-
700 & Above Employee
-
AML Compliance Analyst
-
Nov 2012 - May 2014
. Monitored transactions after the execution in order to identify unusual activities using transactional and customer records, external data, public domain information and other information for subsequent review. Escalated to the appropriate authorities wherever require. • Responsible of Identifying patterns, trends and anomalies in complex transactions and customer data to detect, prevent, mitigate and report suspicious activity related to money laundering, terrorist financing and… Show more . Monitored transactions after the execution in order to identify unusual activities using transactional and customer records, external data, public domain information and other information for subsequent review. Escalated to the appropriate authorities wherever require. • Responsible of Identifying patterns, trends and anomalies in complex transactions and customer data to detect, prevent, mitigate and report suspicious activity related to money laundering, terrorist financing and structuring. • Adhered to regulatory requirements and ensured integrity of relevant documentation. • Identified accurate risk rating of customers to highlight high risk jurisdictions, cash intensive, high-risk businesses, Politically Exposed persons (PEPs) and Relatives or Close Associates (RCAs). • Identified the fraudulent activities, investigating and reporting to the compliance team. • Produced timely usable root cause analysis to address quality issues on regular basis with delivery of corrective action • Scenario development, threshold tuning or segmentation work streams. • Report SAR/STR/CTR to the concerned regulatory authority Show less . Monitored transactions after the execution in order to identify unusual activities using transactional and customer records, external data, public domain information and other information for subsequent review. Escalated to the appropriate authorities wherever require. • Responsible of Identifying patterns, trends and anomalies in complex transactions and customer data to detect, prevent, mitigate and report suspicious activity related to money laundering, terrorist financing and… Show more . Monitored transactions after the execution in order to identify unusual activities using transactional and customer records, external data, public domain information and other information for subsequent review. Escalated to the appropriate authorities wherever require. • Responsible of Identifying patterns, trends and anomalies in complex transactions and customer data to detect, prevent, mitigate and report suspicious activity related to money laundering, terrorist financing and structuring. • Adhered to regulatory requirements and ensured integrity of relevant documentation. • Identified accurate risk rating of customers to highlight high risk jurisdictions, cash intensive, high-risk businesses, Politically Exposed persons (PEPs) and Relatives or Close Associates (RCAs). • Identified the fraudulent activities, investigating and reporting to the compliance team. • Produced timely usable root cause analysis to address quality issues on regular basis with delivery of corrective action • Scenario development, threshold tuning or segmentation work streams. • Report SAR/STR/CTR to the concerned regulatory authority Show less
-
-
-
BMR Group
-
Ongole, Andhra Pradesh, India
-
Accounts Associate
-
Jul 2010 - Nov 2012
1. Maintained the business financial records and generated standard financial documents. 2. Kept track of the company’s transactions and managed invoices, handled missed payments and reconciling the bank account, accounts receivable, accounts payable and passing the general entries of accruals. 1. Maintained the business financial records and generated standard financial documents. 2. Kept track of the company’s transactions and managed invoices, handled missed payments and reconciling the bank account, accounts receivable, accounts payable and passing the general entries of accruals.
-
-
-
Jaypee commodities Private Limited
-
New Delhi, Delhi, India
-
Derivatives Trader
-
Jul 2007 - Dec 2007
Dealt in trading the commodities like gold, silver, crude oil on MCX workstation and analyzing data and evaluated trends/patterns. Gained a brief idea of price fluctuations and about online trading. Dealt in trading the commodities like gold, silver, crude oil on MCX workstation and analyzing data and evaluated trends/patterns. Gained a brief idea of price fluctuations and about online trading.
-
-
Education
-
2008 - 2009
University of Essex
Masters in accounting and finance -
2004 - 2007
Shri Ram College of Commerce
Bachelor of Commerce (B.Com.), Accounts and finance
Community
