Praveen Kumar Somisetti
Financial Fraud Risk, Money Laundering, Credit Analysis of Corporate Clients
- Role
- Investigations Manager at HSBC
- Location
- Bengaluru, KA, IN
- LinkedIn followers
- 500 followers
About Praveen Kumar Somisetti
Experienced in Corporate Banking with a demonstrated history of working in the Financial…
Experience
Investigations Manager
Apr 2023 — Present · Bengaluru, IN
Responsible for the in-depth investigation of CMB and GB cases generated by Trade Fraud and Trade Based Money Laundering post TM systems (e.g. Quantexa) and unusual activity reports (FC-UARs).Determine information and documentary evidence needed to support the case.Arrive at logical investigation findings after analyzing vast volume of information and discuss such with stakeholders in both Business and Risk in a timely manner for appropriate inputs and risk mitigating actions.Prepare and submit clear, concise, factual, unbiased, thorough and timely interim investigation reports.Working closely with CMB and GB LOBs, the role holder will act as a Subject Matter Expert in corporate lending fraud and / or Trade Based Fraud and ML.Identify trade and lending fraud typologies based on the investigations performed and to provide improvement in scenarios that help detect early frauds.Promptly escalate any critical anomalies / risk indicators for high exposure cases to senior investigation managers / GTT Onshore (HK) at an early stage.Work independently to complete assigned tasks within the established process SLAs while ensuring that productivity and quality levels are achieved as per the standards agreed for the process.All data requirements (regular MI and ad hoc process information) are accurately updated in a timely manner.
Education
St. Joseph's English medium School
8th Class
1997 — 2004
Superwhizz
Bachelor's degree, Chartered Accountancy and CMA
2005 — 2011
Swarna Bharathi
Tenth, SSC
2004 — 2005
Skills
- Finance
- Financial Accounting
- Tax
- Accounting
- Financial Analysis
- Corporate Finance
- Internal Controls
- Financial Reporting
- Financial Modeling
- Strategic Financial Planning
- Auditing
- Banking
- Ifrs
- Account Reconciliation
- Internal Audit
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