Shoba Nagaraj

** ***** ******, *** ****, Iselin- NJ 08830

Email: actg91@r.postjobfree.com Mobile number: 646-***-****

Career Objective:

To obtain a position in the Operations/ Compliance departments which will encourage challenging and dynamic responsibilities at an early point with continuing upward mobility and autonomy based on an individual’s initiative and analytical abilities.

Key skills:

Anti-Money Laundering (AML)

Know your Customer (KYC)

Bank Secrecy Act (BSA)

Actimize

World Check

Operations risk and controls

Office of Foreign Control Assets (OFAC)

Enhanced Due Diligence (EDD)

Currency and Monetary Instruments Report (CMIR)

Regulatory audit

SQL

Title 31st Examination

Suspicious Activity Report (SAR)

Currency Transaction Report (CTR)

Section 314 (b)

Transaction monitoring

General Ledger reconciliations

Sub Ledger Reconciliations

Professional experience:

Moneydart Global Services Inc., Woodbridge, NJ November 2012 - September 2014

Lead AML/BSA Officer

Utilize effective communication abilities and sound decision making skills in order to orchestrate smooth and safe work procedures within the Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) regulations

Act as a subject matter expert in implementation of Actimize system for transaction monitoring and surveillance

Daily transaction monitoring/surveillance to identify OFAC false positives and suspicious transactions

Provided AML surveillance support for correspondents alert clearing through reviews of transactional activity in monitoring system

Identify key risks in the process, establish and implement internal controls to mitigate risks identified

Research, examine, and track developments in state and FinCen regulations

Effectively reviewed controls and monitored established policies and procedures for 'Know Your Customer' ("KYC") compliance

Proficiently handled fraud related matters, including filing of SARs with FinCEN and Office of Foreign Assets Control ("OFAC")

Promptly closed alerts not deemed unusual or suspicious

Performed various levels of research or investigation which depended on the complexity of each alert or case

Escalated unusual or suspicious activity, after performing due diligence using internal/external research tools (world check and internet searches)

Draft detailed narratives when necessary and communicated to designated third party as appropriate to gather additional data for review as required

Provided recommendations for Suspicious Activity Report ("SAR") filing by presenting the appropriate documentation to support findings

Prepared SAR narrative for presentation to Deputy Chief Compliance Officer

Provide inputs to develop policies and procedures for risk management

Educate staff on compliance issues and procedures

Research requirements online to ensure all essential documents and procedures are abided by

Filing of CTR and maintain Agent Log, Cancellation Log and Section 314(b) Logs

SQL queries

Conducting Enhanced Due Diligence(EDD) on existing and prospective business clients via proprietary and external database.

Identify and risk rate existing clients, politically exposed Persons (PEP’s), review negative news in media and verify basic background checks

Participate in AML External Audits, State Regulators Audit and Title 31st Examinations

OFAC and other Sanctions screening

Applying and maintain Money Transmitters License with various States Banking Departments

Liaison with Department of Finance and Banking regulations on License related matters

Filing of Quarterly, Annual, biannual reports to various State Banking Departments

Knowledge of USA Patriot Act, Bank Secrecy Act, OFAC and related AML Regulations

Goldman Sachs Services Pvt Ltd, Bangalore December 2005 – June 2011

Associate Team Manager – Global Control

Managed general ledger and sub-ledger reconciliation team of analysts and associate team leaders

Communicate to management on a weekly basis the top risk scores for the team and independently report these scores for other business units by doing a risk assessment

Utilized expertise for root cause analysis and drive process improvements

Outline objectives, goals and strategies for team, in line with the firm’s objectives and proactively manage team’s performance

Review Sarbanes Oxley sign off on month end close

Review the business continuity plans on a regular basis to ensure proper coverage at all times. Develop crisis management plans (Asia, EMEA & Americas)

Managed and developed analysts in the team to integrate them fully into the Goldman Sachs Services Pvt Ltd culture, provide career guidance and have regular counseling sessions

Head of global control broadcasting committee, member of new product approval committee and associate leadership program

Perform root cause analysis on exceptions and work closely with Securities Division and Operations teams to prevent future exceptions.

Review, implement and revise existing processes and procedures to provide first in class protection to customers.

Act as a last line of defense for the intercompany sub ledger transactions, processing, controlling the firms transactions to a high quality standard

Documenting process flows and creating procedure manuals for the functions performed

Contributing to the development of re-engineering methods to improve processes, reduce risks, increase controls and/or increase internal customer satisfaction

Vidya K & Co- Chartered Accountants, Bangalore April 2004 – Nov 2005

Audit Assistant

Performed all of the following for companies and individuals- MIS reports, statutory audits, tax audits, internal audits, stock audits, computation of income, tax planning, calculate advance taxes.

Maintained books of accounts of various companies, firms and trust

Hewlett Packard Financial Operations, Bangalore May 2003- April 2004 Financial Assistant -Intra Corporate Accounting

Accounting for cash applications like funding and remittances

Ownership of reportable accounts like accounts receivables and account payables, reconciliation and reporting of these accounts to the higher management

Intra corporate billings-manual recording of the product billings, accounting for intra corporate profits & nettings

Cash clearing accounts-close monitoring and follow up of reconciling items

Documentation of the process for ISO requirements and complying with the audit procedures

Qualification

Bachelors of Commerce-Advanced Accounting and Management Accounting from Bangalore University

Professional Education II from The Institute of Chartered Accountancy of India

Certified Anti Money Laundering Specialist- CAMS

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