Financial Services Due Diligence

Bhuvanesh kumar Sampath kumar

ad5q7h@r.postjobfree.com +1-702-***-**** Henderson

Objective

To be part of a challenging environment that gives me an opportunity to expand my skills in financial Services which in turn allow me to contribute to the organization’s success, to the fullest of my potential.

Employment

Senior Analyst - KYC & Trigger Events Sep 2021 - Jul 2022 Société Generale Global Solution Center, Chennai, India Reviewing corporate customers and doing SDD and EDD based on risk level.

Interactions with clients through e-mail and telecom for status update, process clarification and remediation of open items. Reviewing Trigger event customer and ensure to complete within the stipulated timeframe. Dealing with different types of customer segments under Commercial Banking.

Calculating risk for the client using FCCR tool.

Ensure initiation. Follow –up and submission of cases as per SLA time-frame.

Stake-holder Management: Appropriate and effective liaison with country/follow up with all stake holders on weekly basis. Familiarize with bank’s business, products, procedures, organizational structure and internal Anti-money laundering requirements.

Screening of Customers using Dow Jones to know about negative news and to know whether customer is involved in any type of prohibited businesses or fraud transactions.

Due Diligence Analyst May 2019 - Sep 2021

Wells Fargo EGS (India) Private Limited, Chennai, India Prepared KYC Due Diligence profiles on a wide range of Corporate Banking Clients (Private Ltd, Public listed, Trust & Charity, Funds, Partnership firms (LLP, L.P General Partnership), Educational institutions, Global Financial Institutions etc. based on Risk rating of Customers.

Un-wrapping the entity’s organization structure to identify the Ultimate Beneficial Owners and all legal entity Owners. Ensures Due diligence completed by researching, gathering publicly available information as well as internal client documentations.

Ensure Screening (OFAC, Sanctions, PEP, BSA Hot list, CIP)was performed on entities and Related parties associated with the account via Lexis-Nexis Diligence, Google, World Check. Verifying the Source of Funds, Source of Wealth, Nature of Business, Products & Services.

Part of all Business inbound and Outbound calls regards to process update and passing the same to the Team in terms of Team huddle or Training.

Skills

KYC - Know Your Customer

AML - Anti-money Laundering

CDD

EDD

Trigger Events

Periodic review

Transaction Monitoring

PEP

Screening

MIS Handling

Languages

English

Developed and implemented a streamlined process of KYC and AML data collection, reporting and tracking for the team Process Executive Sep 2016 - Dec 2018

Magna Infotech, Chennai, India

Performing Periodic review for the customer based on the risk level.

Calculating risk for the client using KRSM tool.

Assessing the unauthorized counterpart customer and having KYC intact and followed diligently.

Ensure initiation and Follow –up and submission of cases as per SLA time-frame.

Stake-holder Management: Appropriate and effective liaison with country/follow up with all stake holders on weekly basis. Familiarize with bank’s business, products, procedures, organizational structure and internal Anti-money laundering requirements.

Conducting adverse media /sanction search for the client and all significant shareholders of client, highlighting to RM if any hits found and assessing it.

Highlighting PEP and assessing.

Liaising with RM team for documents and ensuring that high quality of customer due diligence is done. Respond and clear queries from QAs for the approval of cases.

CDD Remediation Analyst Dec 2014 - Dec 2015

Hongkong and Shanghai Banking Corporation, Chennai, India Perform Customer Due diligence for Personal and Business Banking Customers.

Ensure all necessary KYC and AML checks are performed and account fulfilment meets the requirement of the banking regulations.

Review and analyze leads for potential suspicious activity, including those generated from detection scenario processes, the service of subpoenas and warrants, negative media reports, as well as other sources to include.

Ensure efficient identification and monitoring of suspicious activities and transactions.

Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.

Thoroughly and timely reviewing reports and other investigative leads that potentially identify suspicious activity. Escalate HRR (High Risk Rating) and Prepare SAR (Suspicious Activity Report) in case of PEP & Negative news found from world check & Google hit results and transaction monitoring. Process Associate Jul 2012 - Nov 2014

ROYAL BANK OF SCOTLAND BUSINESS SERVICES PVT LTD, Chennai, India Ensure transactions are processed in accordance to customer’s expectation with accuracy.

Ensure the productivity and quality parameters are achieved at all times and have been a top performer among the team. Formulating and recommending responses to potentially suspicious findings, reporting such activity to the appropriate regulatory authorities.

Support migration of process by learning and adapting to the process in short span. Managing the investigative process from initial detection to disposition.

Work with team members to determine whether to close cases, escalate findings and/or file a Suspicious Activity Report (SAR). Has been a proactive team player with demonstrated problem solving and analytical reasoning abilities.

Participated in various work out and RCPS to generate ideas to simplify processing and there by enhance experience Assisted and motivated the team to achieve high standards of performance.

Education

B.Sc Statistics Apr 2012

Loyola College, Chennai

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