Akshay T Shankar

About Akshay T Shankar

Risk Management professional with 7+ years of experience in banking and financial services, currently part of the Fraud Prevention & Investigations Unit at Yes Bank.I specialize in end-to-end fraud investigations, financial crime governance, and control gap remediation across retail and corporate portfolios. My role involves leading complex investigations involving high-value exposure cases, transaction reconstruction, evidence evaluation, stakeholder interviews, and preparation of structured investigation reports aligned with RBI and AML regulatory standards. Beyond case handling, I actively contribute to strengthening fraud risk governance by identifying systemic vulnerabilities, recommending preventive controls, and collaborating with Compliance, Legal, Operations, and business teams to ensure sustainable remediation. I support disciplinary and legal proceedings through defensible documentation, structured findings, and timely escalation. Key areas of focus include: • Financial Crime Investigations & Root Cause Analysis • RBI Compliance & AML Norm Adherence • Fraud Risk Governance & Control Gap Identification • Investigation MIS & Dashboard Reporting • SLA Governance & Case Lifecycle Management • Committee Action Tracking & Remediation Oversight • Cross-functional Risk Collaboration I maintain strong documentation integrity with ≥95% first-review approval rates and consistent adherence to defined investigation SLAs across internal, external, and corporate fraud cases. I also contribute process improvement recommendations aimed at strengthening internal controls and reducing repeat fraud exposure. With a strong foundation in investigation-led risk mitigation, I am particularly interested in advancing into roles focused on Fraud Risk Governance, Financial Crime Oversight, and scalable control design within global banking environments. Open to connecting with professionals in Financial Crime, Fraud Risk Management, and International Banking Risk functions.

Experience

1. Senior Manager (Rm)

   YES BANK

   Apr 2024 — Present · Mumbai, IN

   Conducted end-to-end investigations on retail credit fraud cases across Personal Loans, Affordable Home Loans, and Microfinance portfolios, applying structured investigation and documentation methodologies.Analysed fraud exposure ranging from ₹3 lakh to ₹7+ crore, performing root-cause analysis and impact assessment to identify control gaps and systemic risk drivers.Supported fraud governance and regulatory processes by preparing detailed investigation reports, executive summaries, and risk notes for senior management and committee reviews.Delivered consistent improvement in operational effectiveness, achieving an average investigation closure TAT of 59.4 days versus a 90-day SLA.Designed and maintained a centralised fraud tracking and MIS framework, enabling trend analysis, high-risk product identification, and data-backed recommendations for control enhancement.Collaborated with Business, Technology, Legal, and Compliance teams, as well as external agencies, to support evidence collection, case resolution, and remediation actions.Worked with technology stakeholders to implement a digital fraud case initiation portal and chatbot, improving data quality, traceability, and investigation efficiency.

Education

• Institute of Management Technology, Ghaziabad

  PG Program in Management, Business Strategy

• Amrita Vishwa Vidyapeetham

  Bachelor of Technology (B.Tech.), Electronics and Communications Engineering

• The Army Public School, Dhaula Kuan, New Delhi

  CBSE Class 12th Board Certificate., Engineering Science

• Liverpool John Moores University

  Master of Business Administration - MBA, Business Analytics