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Sethuraman Iyer
Senior Vice President, Business Solutions Exec-Tech at Bank of America
Professional Background
Sethuraman Iyer is a highly accomplished executive with a remarkable history of orchestrating multimillion-dollar projects and technology initiatives specifically designed to enhance revenue, mitigate fraud, and minimize net credit losses within the banking sector. With over 20 years of progressive experience, Sethuraman has a strong foundation in retail banking services coupled with a robust capability in resource planning, offshore resource management, and technology operations oversight. Currently serving as a Senior Vice President at Bank of America, he has honed his expertise in driving pivotal business transformation and digital innovation across various banking operations. Previously, he served as First Vice President at MBNA, where he further developed his skills in financial management and strategic planning in a competitive market.
Sethuraman has a proven track record in managing yearly financial responsibilities of up to $20 million, showcasing his acute business acumen and strategic financial oversight. His extensive experience also includes successfully hiring over 50 technical resources offshore and seamlessly integrating them into a cohesive delivery team that aligns with the organization’s goals. He is recognized not only for his leadership capabilities but also for his academic prowess, having studied MBA in Operations Research and Systems Management from PUMBA, Savitribai Phule Pune University, and earning a Bachelor of Science in Physics from Fergusson College.
One of Sethuraman's standout achievements is his innovative contributions to fraud detection and customer-level collections, as evidenced by his six patents—four focused on fraud detection mechanisms and two targeting methodologies for customer collections. His commitment to fostering a culture of innovation led him to successfully lead efforts in adopting agile methodologies across both onshore and offshore teams, significantly enhancing workflow and project efficiency.
Education and Achievements
Sethuraman’s educational background has provided him with a solid foundation for his successful career in banking and technology initiatives. He pursued his MBA at the esteemed Department of Management Sciences (PUMBA), Savitribai Phule Pune University, where he specialized in Operations Research and Systems Management. His academic experiences refined his analytical skills and empowered him to tackle complex banking operations effectively. Before his MBA, Sethuraman completed his Bachelor of Science in Physics at Fergusson College, equipping him with critical thinking abilities and a strong analytical perspective that he has consistently applied throughout his career.
In his tenure, Sethuraman has achieved significant milestones, including the acquisition of six patents that underscore his innovative thinking and commitment to problem-solving within the banking sector. His patents, four of which focus on fraud detection, demonstrate his forward-thinking approach and dedication to safeguarding financial transactions against fraud. Furthermore, his responsibilities at Bank of America include overseeing a substantial financial portfolio while driving change initiatives that align with industry standards and customer expectations.
Achievements
- Patents: Holder of 6 patents, including 4 for fraud detection technologies and 2 for improving customer-level collections strategies.
- Financial Oversight: Managed a yearly financial responsibility of $20 million, demonstrating robust financial leadership.
- Technical Delivery: Showcased a 20-year proven track record in technical delivery, where he has successfully led diverse teams and initiatives in both banking and technology arenas.
- Team Building: Successfully recruited and onboarded over 50 technical resources offshore, fostering team integration and enhancing operational capabilities.
- Agile Adoption: Spearheaded the organization’s transition to agile practices across both onshore and offshore teams, greatly improving delivery efficiency and project outcomes.