KYC Associate - Wells Fargo International Solutions Pvt Ltd - Chennai
(2024-03)
- Conduct KYC Periodic review of clients in a global banking environment in accordance with the regulatory timelines.
- Perform Customer due diligence and Enhanced due diligence and assess risk levels for complex entities and Politically exposed persons. Maintain thorough documentation for compliance audits and regulatory reporting.
- Review and approve KYC profiles ensuring that client due diligence(CDD) checks are properly performed for both low and high - risk clients.
- Performed thorough quality control checks to ensure the accuracy of client data and KYC documentation and compliance with KYC, AML and internal policies.
- Act as the Subject Matter Expert on complex KYC issues, offering guidances and resolutions for challenging onboarding and periodic due diligence cases.
- Identify any discrepancies, missing information or potential red flags in client documentation, escalating issues to senior compliance officers for further investigation.
- Review and processed customer KYC profiles as part of onboarding and periodic review and initiating the RFI to the client
- Acted as the primary escalation point for complex KYC cases and provided regular reports and updates to senior management on KYC compliance trends, potential risks and improvements.
KYC Senior Analyst - Societe Generale - Chennai
(2023-04 - 2023-12)
Contractual payroll
- The Client onboarding specialist is expected to stay current with all regulatory changes and requirements around KYC.
- Review account opening/ know your customer (KYC) documentation, conduct quality client due diligence factoring AML/CFT and sanctions risks, liaise with business unit and vigilance control team to ensure quality of KYC forms and documents.
- Document on boarding decisions for reviewed clients, provide advisory for sanctions matches referred by operations and business unit and provide sign off for account opening for increased risk and Politically Exposed persons (PEP) customers to ensure compliance with regulatory requirements.
- Review system generated alert against customer data, investigate for potential money laundering/ terrorist financing/ sanction risk collects documentary proof and ensure required actions are taken in order to fulfill regulatory requirements and avoid penalties.
- Verify that all the documentation received from the client with regulatory and compliance standards firm - Wide AML guidelines.
- Analyze Client data, documentation and negative news in order to determine Client Risk Profile as established under the Global KYC procedures.
Senior Quality Analyst - Barclays Global Solution Center - Chennai
(2022-09 - 2023-03)
Contractual payroll
- Each and Every Year the Business needs to be Reviewed and Appropriate action to be taken based on the Review.
- Those Review helps us to understand the business Risk Level based on their Nature of Job, Countries they deal and the Individual who linked to the business and their Risk levels (Adverse Media Search). And making sure their details are up to date. Initially the business needs to be reviewed will be prepared by preparing team (they will make prepare some basic Document).
- The team in onshore will carry out the investigation (EDD /ID&V and Updating the details), attach the necessary document and will update the details to match the information provided by customer. The information's are updated if they are correct based on the relevant proof and if needed necessary, they will make referrals to Risk team.
- We as a team will do the Quality Check of the details made by the SRR Team based on the check list and if the attached proofs and updated details matches based on the policy, we will move the case to RAU (they will sign off the case) and if not we will move the case back to the onshore team to update the required details which are not under the policy guidance.
- Record keeping and monitoring and report to Next Level AML Team if necessary, in case of suspicious activities in customer's account.
- Analyzed and investigated conducting searches, gathering data and recording evidence from internal systems and from the internet.
- Review and validate the KYC customer in client system with source of public domain, regulatory list.
- Checking documents like Registry of certificates, Memorandum of Associates, Articles of Association, Collect the KYC Docs of the person who holds the shares more than 10% & for authorized signatures.
Analyst - Tata Consultancy services (TCS) - Chennai
(2019-06 - 2022-08)
- Providing solutions to the customer problems and end to end process of KYC and client onboarding.
- Collect and verify the documents. Review the KYC process, regulations and executing KYC process for institutional customers.
- Performing initial risk classification and performed due diligence for onboarding the client.
- Investigating and Analyzing Client details against the Sanctioned list of Individuals, Entities, countries, Cities, Political Religious Organizations, Trust etc. And to make sure the Client is not matching with the Sanctioned Lists.
- Negating alerts on basis of Different DOB, Gender, Age, Profile, Location and other Logical closures to prove Client is not same against the Sanctioned individual.
- Negating alerts on basis of Different Logo, Location, Line of Business, Status etc, to prove Client is not same against sanctioned entities.
- Client who have presence in Sanctioned Location need to escalated.
- Scrutinize of Client details in internal system and Alert/Subject from internal/Public Domain to Negate and ensuring no True Hit matches missed. Founded True Hit matches need to be Escalated to the Next Level.
- Screening processed based on Analyzing Client not involved in the negative News available in Negative Media List.
- Client details are been Investigated and concluded not having involvement in the crime can be closed on basis of Criteria like DOB, Gender, Age, Profile, Location, Status, Background and Logical closures etc.,
- Client involved in the crimes/ with Negative Background need to be Escalated to next level.
