Srilakshmi Vayalil, Senior Consultant

Srilakshmi Vayalil

Senior Consultant

Ernst & Young LLP, Forensic & Integrity Services

Location
India - Mumbai
Education
Master's degree, MBA (Dual Specialization- Finance & Marketing)
Experience
9 years, 7 Months

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Work Experience

Total years of experience :9 years, 7 Months

Senior Consultant at Ernst & Young LLP, Forensic & Integrity Services
  • India
  • My current job since October 2022

Designation: Senior Consultant (Oct’22-Present)
Key Result Areas:
• Performing forensic audits, and assisting with NPA Automation Mechanisms in Banks
• Working on implementation of EWS system in banks, transforming fraud monitoring frameworks, conducting fraud risk assessments, and assisting with transaction monitoring and fact-finding exercises
• Assessing creditworthiness of clients and catering to clients across various segments; conducting loan document scrutiny
• Worked in transaction monitoring as a part of AML and assisted in SAR Filing
Highlights:
• For past 2 years, worked as a Cases Manager as part of Transaction Monitoring (AML) for Leading Bank in UAE
• Started working as an analyst on individual alerts and was quickly promoted to corporate team, where review of entity accounts and creation of complex cases to substantiate funds and transactions were done
• Promoted to Cases Manager within 4 months, responsible for approving cases created by analysts and coordinated with senior management of bank to review documents submitted by branch/business against enquired transactions
• Received Kudos Award in Nov’22

Consultant at Ernst & Young
  • India - Mumbai
  • July 2019 to October 2022

Designation: Consultant (Jul’19-Oct’22)
Key Result Areas:
Assisted a Private Bank in automating their NPA identification process as per RBI circular
Conducted gap assessment of their existing framework, provided recommendations for upgradation/automation to plug gaps and ensured compliance
Coordinated with credit vendors to identify risk / frauds prevailing in locations and took measures to mitigate the same
Played a pivotal role in the transformation of the wholesale lending fraud monitoring framework for a leading global bank in India
Spearheaded leading operations of Commercial Bank in UK for their AML efforts, conducted review of entire customer profile and categorized accounts as per internal bank policy as a part of their TM function w.r.t. AML
Performed risk profile assessments and created model portfolios; researched client behavior & market activities; prepared regular investment reports
Worked on Corporate/Wholesale Portfolio for a Private Bank in India, identified first-party fraud risk/Early Warning Signals (EWS) in their loan portfolio
Conducted Fraud Risk Assessment (FRA) for a bank; assignment involved review of bank's corporate lending and trade finance process and performed gap assessment to identify fraud risks and suggested mitigating measures
Investigated control gaps in loan sanctioning & disbursement for bank, including lapses in policy compliance, employee involvement, and irregularities in credit facility utilization for both domestic & cross-border term loans and trade finance
Assisted in fact-finding exercise for a Non-Banking Finance Company that had lent funds to real estate company
Led team on an assignment for SME focused development bank relating to Whistle Blower Policy
Highlights:
Awarded with Exceptional Award (Entrepreneurial)
Received Exceptional Award (Digitally Transformative)
Received Kudos Award in Jul’22

Assistant Manager at The South Indian Bank Ltd
  • India
  • October 2014 to June 2019

The South Indian Bank Ltd. (Oct’14-Jun’19)
Location: Regional Office Ernakulam & Palakkad and Chandranagar Branch, Palakkad (Oct’14-July’18)
Growth Path:


Assistant Manager (Front Desk Officer), Bengaluru City Branch (Jul’18-Jun’19)
Key Result Areas:
Worked on verification of cash receipts, payments and all cash related transactions in the branch, Outward remittances like NEFT/RTGS/Demand Drafts
Managed CTS Clearing section and was single handedly dealing with CTS Clearing along with gold loan sanctions/ renewal of a large branch
Designed and implemented systems & procedures to ensure timely availability of business information necessary to facilitate critical decision-making process


Designation: Assistant Manager (Oct’14-Jul’18)
Key Result Areas:
Led the role of credit officer in credit team
Managed credit portfolio including appraisal of branch loan proposals, conducted credit risk analysis & scrutinized relevant documents before sanctioning loans
Processed a variety of loans and advances, including working capital loans, term loans, cash credits, overdrafts, and non-fund-based credit facilities such as Letters of Credit and Guarantees for 20 large branches
Rated borrowable accounts both working capital / term loans / staffs loans / other loans
Ensured that branches/ Regional Office complied with KYC and AML guidelines and audited concurrent and statutory credit reports
Managed high-value credit proposals, conducted financial and liquidity analyses, assessed risk levels, and ensured compliance with established policies and procedures
Gained comprehensive understanding of regulatory requirements & industry best practices

Education

Master's degree, MBA (Dual Specialization- Finance & Marketing)
  • at Guruvayurappan Institute of Managemen
  • April 2014
Bachelor's degree, Bcom with CA
  • at Amrita University
  • March 2012

Specialties & Skills

AUTOMATION
FACT-FINDING
MANAGEMENT
REAL ESTATE
OPERATIONS
Early Warning Signals (EWS) by RBI

Social Profiles

Personal Website
Personal Website

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Languages

Tamil
Expert
Hindi
Expert
Malayalam
Expert
English
Expert

Training and Certifications

Certificate Examination in AML & KYC (Certificate)
Date Attended:
April 2016
Junior Associate of the Indian Institute of Bankers (Certificate)
Date Attended:
May 2015