Rajeev Raghavan

About Rajeev Raghavan

I am a dynamic and detail-oriented professional having investigative and related experience with specific emphasis on Anti-Money Laundering (AML) Compliance, Fraud Investigations, Fraud Prevention Regulations & Financial Crimes Compliance. I have exceptional knowledge of the rules and regulatory requirements pertaining to Fraud / AML and experience applying it in banking environments. I have the ability to analyze business processes and controls to identify and assess risk, controls, efficiency, and compliance opportunities.I hold an Enterprise Risk Management perspective with experience interfacing with banking regulators and enforcement also keep a thorough understanding of an effective financial crime risk management framework. I am skilled in interacting with the Executive Committee Leadership, control function leadership, and compliance subject matter experts. I have demonstrated the ability to manage bank staff, management, directors, and regulators also hold the ability to balance regulatory requirements with the best interests of the bank and its customers. I possess knowledge of bank systems and proven ability to apply highly sophisticated risk-based automated solutions in monitoring and responding to these.I have proven success in identifying trends consistent with a potential risk or compliance issues. I can advise on tools and solutions to facilitate risk management and compliance and develop and maintain comprehensive records and reports of associated activities. I excel in investigating, documenting, and assessing the need to file Suspicious Activity Reports (SARs) for unusual and/or suspicious AML activity. I maintain a working knowledge of internal control and risk management practices, AML best practices, compliance as well as other applicable state and national laws and regulations within the scope of the compliance and risk functions.To know more about me, feel free to connect with me on LinkedIn or drop me a line at Skills: Fraud InvestigationsAnti-Money Laundering (AML) ComplianceFraud Prevention RegulationsFinancial Crimes ComplianceFraud Vulnerability Assessment/ Prevention Regulatory ReportingRisk Assessment & MitigationKnow Your Customer (KYC) Norms Anti Money Laundering (AML)

Experience

1. President Head Fraud Containment Unit Liabilities

   YES BANK

   Nov 2015 — Present

   Liable for assisting and supporting the development, maintenance and implementation of policy and procedures related to risk management and compliance with applicable AML and other best practices. Provide specialized analytical support to the Compliance and Enterprise Risk Departments, facilitate discussions with leadership on current and emerging risks and compliance strategies, and leverage broad knowledge of business functions and external factors to analyze emerging risks and potential compliance issues.•Partner with technology for implementing Enterprise Fraud Risk Management System.•Institute a formal reward and recognition platform for fraud identification thereby creating a culture of appreciation for effective and proactive fraud prevention.•Institute a robust mechanism for close scrutiny and verification of newly opened account opening forms across all business segments thereby highlighting risks and early warning signals.•Implement Fraud scenarios, basis fraud risk assessment to deploy surveillance environment ensuring effectiveness (Risk and Loss), efficiency (Cost of operations) and customer experience.•Conduct independent quality checks on AML alerts being disposed of. Conduct a qualitative investigation to determine the nature of fraud and liability on disputes raised by customers on direct banking channels.•Introduce robust mystery shopping program for checking adherence to KYC AML norms as mandated by the regulator.•Challenge and approve the first line of defense proposals for risk control design standards and control monitoring benchmarks.•Monitor alerts on suspicious transactions carried out on debit cards, net banking, and unified payment interface as per defined fraud risk monitoring framework.