Contact Number: +1-272-***-****
Email Id: email@example.com
Worked as an Research Analyst in Compliance Financial Crime - Reconciliation Services, AML, KYC-W9, Mortgage Underwriting & Mortgage Litigation & Audit Confirmations.
Areas of Excellence in MIS Generation, Monitoring/Resolving Issues, Transaction monitoring, KYC investigation, Team Collaboration.
TOTAL EXPERIENCE – 8 Years
JPMorgan Chase – India - Bangalore (2007 -2015)
Job Title: Quality Specialist
Project: Mortgage Underwriting and Mortgage Litigation
Job Description: Review & Analyze Loan documents.
Provide the detailed credit analysis preceding the granting of a loan, based on credit information furnished by the borrower, such as employment history, salary and financial statements; publicly available information, such as the borrower's credit history, which is detailed in a credit report; and the lender's evaluation of the borrower's credit needs and ability to pay
Objective of my role: Ensure that the services, or processes provided meet specific requirements and are dependable, satisfactory, and fiscally sound as expected by the Operations.
Review and analyze loan documents to provide loan.
Underwrite and verify loan data based on information about assets, employment information, insurance, fraud alerts, compliance reports, and other pertinent documentation to provide a decision within the required timeframe
Coordinate follow-up activities with Loan Originator, Processors and Closers
Ensure all mortgage loan files are underwritten within level of authority in compliance with secondary market guidelines, specific program guidelines and regulatory requirements
Determine if fee refunds are due per policy and procedure.
Prepare loan commitment with a list of pending conditions required prior to final underwriting review.
Review appraisals to determine consistency of information, whether comparable data have been used within reasonable tolerance to support the final value, and if any additional underwriting considerations need to be taken into account based on the condition of the property or other conditions recommended/required by the appraiser.
Submit the loan file for denied loans to appropriate party for a dual review.
Perform all job duties in compliance with applicable State and Federal laws and regulations.
Other duties and responsibilities as assigned.
Provide all loan documents to customer like foreclosure, credit report etc.
Ensure all loan documentation is complete, accurate, verified and complies with the company's policies as well as state and federal regulations before submitting it to the Underwriting team
Gather financial information including employment status, salary, assets, current debts and expenses
Verify loan documents and customer information including credit appraisals, title insurance, customer's employment, financial statement accuracy and collateral asset values
Accurately enter loan information into company's operating system
Knowledge of conventional and/or government guidelines, federal lending regulations governing real estate lending
Worked on credit related issues, title, appraisal, and compliance.
Knowledge of Secondary Market requirements.
Thorough understanding of credit and an ability to review complex financial documents.
Ability to underwrite self-employed borrowers, tax returns, business returns etc.
Conventional and FHA experience
Be the point of contact for each customer by answering their questions and obtaining all necessary documents/information to complete the loan application process
Resolving Business Unit’s queries & timely communicating with client about the deliverable status.
Preparation of Weekly & Monthly MIS.
Use Conceptual Knowledge in analyzing and resolving problems related to processes.
Adherence to Client’s policies & maintain data confidentiality
Generate and submit the Monthly MIS
Identify and work on the opportunities for improvement in the processes in the team
Initiate walkthrough sessions for team members on process updates/issues & resolutions
Understand the reporting metrics and analyze them to improve the process efficiency
Assist the team to resolve process related queries and issues on timely basis
10% reduction every month on internal errors identified by implementing robust controls for the team
Job Title: Reconciliation Specialist
Project: Commercial Loan Reconciliation Service
Objective of my role: Reconcile all General ledger and IDDA accounts for Line of Business. Perform research to resolve all outstanding transactions within control. Escalate the exceptions to business partners to facilitate resolution
Performing Reconciliation on General Ledger and IDDA accounts for Line of Business providers
Promote Strong Internal Controls through proactive identification/communication of issues for the process handled Work closely with counterparts in donor location to ensure smooth functioning of the process
Keep check of Risk and Mitigation
Training New Joiners and conduct refresher training programs to close the knowledge gaps in team
Job Title: Operations Analyst
Project: Financial Crime Anti-money Laundering (Currency Transaction Report)
Job Description: Research large cash transactions in order to comply with BSA (Bank Secrecy Act) and report transactions to FinCEN (Financial Crimes Enforcement Network). Process involves reporting currency transaction (or multiple transactions, if known) made by or on behalf of a customer/non-customer that exceed $10,000 per business day to FinCEN, unless the entity is exempted. The CTRs work against financial frauds like money laundering, tax evasion, terrorism funding in retail banking and overall contributes towards protecting the firm’s reputation.
Criticality: High: Penalties in case information sent to FinCEN is not timely and accurate
Objective of my role: To monitor risk, manage outstanding transactions and accurately report portfolio transaction & suspicious activity globally. Expected to maintain quality with success in project management execution.
Monitors daily reports used to identify CIP (Customer Identification Program) exception and report the same.
Processes Currency Transaction Reports (CTRs) and monetary instruments, checks for completeness and accuracy and sends to the IRS within time allowed by regulation.
Perform research on all large cash transactions and multiple transactions that exceed $10,000 per day.
Identify all the suspicious activity of the transactions by fulfilling the complete customer research.
Prepare various reports to identify potential AML cases, reporting the same to IRS.
Assist team in getting all the right information required for reporting the CTR’s, using various methods mostly from internet.
Take care of balancing and reconciliation of all the reports processed by whole team.
To work on all the control points (Excel Trackers & various other logs) those are set from missing any manual error, like ATM transaction log.
Review the reports that were processed and verified, a double check on all the critical parts.
Report handled - Work on daily production reports, Quality Check - Verify the other specialist reports 100%
Identify if scope of errors from the other specialist reports & appropriate feedback.
Provide input for Exception Documents, Coaching/Mentoring the peers and new joiners
To plan all the monthly presentation of team performance and achievement
Business Tool: SAP, Mainframe, Financial Service Desk, PEGA, MISYS, Oracle, CITRIX, ESDS, World-Check, OFAC, LexisNexis, Factiva
Business Communication: MS – Outlook, Communicator, Power Point, Excel, Word, Access database, Same Time, Lotus Notes, Share Point
Appreciated by Management for contributions with regards to process improvement
Appreciated with a Best Performer of the month award 5 times
Additional responsibilities and initiatives
Active participation on operations calls with site partners
Share process updates, feedback on quality, unique scenarios/updates in the team meetings & document MOM
Assisting Team members on difficult and challenging cases
Handling escalations for vault process
Clearing/charge-off standards and operating loss policies
Bachelor of Commerce from Bangalore University.
I hear by declare the above furnished information is valued to Integrity