Business Process Lead - Tata Consultancy Services
(2021-08)
- Managing a team of KYC analysts who perform comprehensive checks and assessments of the banks clients
- Serving as a key escalation point for all on-boarding queries and issues for the client on boarding team
- Assessing areas for process and system improvements and provide potential solutions for Senior Management
- Identifies staff training needs, operational goals for team and deliver against agreed targets in terms of both quality and productivity
- Accurately researching, analyzing, evaluating and documenting AML Know Your Customer (KYC) information and Business as Usual completion on an everyday basis
Financial Crime Compliance (QC Reviewer) - Standard Chartered Bank
(2015-04 - 2021-05)
Worked as a Financial Crime Compliance (QC Reviewer) in STANDARD CHARTED BANK in the unit of Anti money laundering / AML – KYC, KYCC & Transaction Monitoring.
- Conducting full analysis/Investigations on all types of entities from Low to High-Risk
- Investigate the entity type and collect the documents from public search and internal data base
- Analyzing the entity type maintained by the Bank and Global standards
- Performing review for high-risk cases also. Conduct due diligence inquiries on firms and organizations suspected of money laundering crimes and terrorist financing crimes, utilizing research and analysis of public records and commercial databases
- Analyze high risk, Money laundering risk & sanction activity and intimate to AML Team
- Identifying the red flag
- Enhanced Due Diligence performed on all entities & additional internal and external sources
- If any sanction or Negative news found, try to mitigate the risk through investigation as per bank norms or highlight the same to compliance team
- Documented the investigations and its results in database. Also modify the details in customer data base
- Providing SME support to team members
- Monitoring the team cases and help the Analysts to complete the review. Supporting the team to achieve the monthly target
- Preparing the Management Information (MI) Report on daily basis and send it to the management
- Preparing weekly deck reports and daily report to understand the case movement/completion details on daily and weekly basis
- Handling investigation processes for United States of America country
- Reviewing the accounts for checking the completeness of the profile of customer according to AML/KYC/KYCC policies
- To provide pro-active support to Transaction Monitoring Unit (TMU) in the respective country and ensure all Group standards of conduct are followed, so as to protect and enhance the reputation of the Bank with its regulators and avoid significant financial loss
- Investigate in accordance with the procedure laid down in the Standard DOI and as per country specific requirement, where applicable. Processing of alerts and cases should be within the TAT and should adhere to the quality guidelines
- Responsible for performing timely investigations with well-reasoned and supported decision making- Conduct research over available Bank systems, the internet and databases consistent with the resolution of investigations
- Identifying and reviewing suspicious activities by ensuring all Group Standards of conduct are followed, so as to protect and enhance the reputation of Standard Chartered Bank with the regulators and avoiding significant loss
- To verify and validate the customer's identity; understand and test the customer's profile, business and account activity; identify relevant adverse information and risk assess the potential for money laundering /terrorist financing to support actionable decisions to mitigate against financial, regulatory and reputation risk and ensure regulatory compliance
- Help management by conducting quality assurance reviews of case files, tracking logs and various AML processes via PPP samples
- Manage senior analyst's responsibility and act as backup for senior analyst to ensure that deliverables are met with quality and in a timely fashion
- Provide subject matter expertise, complex analysis and advice to team and apply knowledge in following up on recommendations, outcomes, investigating and/or enforcing policy
- Prompt escalation of critical and reputational risk matters to management- Monitor Know Your Customer, OFAC, cross-border wire transfers, PEPs, money transfer businesses, and currency activity, etc
- Escalate queries with business lines regarding source of funds, customer's background, transaction activity and recommend relationship retention or termination, and track account closures as required
- Initiate referrals to Customer's RM for the queries related to Customer's profile as well as transaction patterns
- Having in depth knowledge in Banking Tools / Utilities such as Norkom Alchemist version 5.6, Detica 6.1 version, ECM application, KYC & KYCC Transactions related applications
Financial Analyst - Citi Bank
(2008-11 - 2015-02)
Worked in Project Citi Bank GRU (Global Reconciliation Utility)
- Extract the transactions from CORP application and starts perform the reconciliation process
- Processing the client accounts and reconciling the entries on time to ensure that the transactions are delivered appropriately
- Monitoring the value date transactions and providing the outstanding report on agreed SLA
- Reporting the discrepancies and report to the management teams for resolving the issues
- Finding the reference for outstanding entries and matching it with appropriate entries, by way of using various tools to close the funds in reconciliation account
- Tallying the cash deposits of various client accounts and maintaining exact balance in bank ledger
- Reporting of aged breaks to senior management in BSER and controls taken over them
