Compliance Specialist Analyst
Resume:
Shree Myneni
SUMMARY:
Detail-oriented compliance professional with extensive years of investigative and supervisory experience in Anti-Money Laundering (AML), Counter Terrorist Finance, Risk Assessment, AML surveillance and legal compliance.
Extensive AML compliance experience, having worked on KYC Remediation, Global Client Onboarding, Transaction Monitoring, Look -Back and Sanction Screening projects.
AML compliance experience involving compliance-related alerts on cash app accounts for Bitcoin (BTC)/crypto currency transactions
Assisted in facilitating BSA/AML/OFAC regulatory examinations for assigned units/ bank(s); responds to any deficiencies noted and ensures that corrective actions implemented.
Conduct EDD (Enhanced Due Diligence) inquiries on individuals, firms and organizations suspected of money laundering crimes and terrorist financing crimes, utilizing research and analysis of public records, commercial databases, global media sources and the internet to draft EDD reports
Approving of all new clients through due diligence procedures including the review of KYC documentation in accordance with the banks CIP procedures, public record research and AML procedures.
Assisted in identifying BSA/AML/OFAC/Sanctions compliance risk and ensures that proper controls, procedures, processes and training are in place to mitigate these risks.
Supervision on Alerts monitoring, Currency Transaction Reporting (CTR), Suspicious Activity Reporting (SAR) and QA functionality
Extensive knowledge of OCC banking laws including the Bank Secrecy Act ("BSA"), and regulations acquired through extensive training and on-the-job assignments
Conducted BSA Risk Assessments on banks new products and services and have knowledge of Bank Secrecy Act, USA Patriot Act, OFAC, SAR, FATF, FINCEN
SKILLS:
Anti-Money Laundering
Bank Secrecy Act
Banking & Legal Compliance
USA PATRIOT Act
Due diligence
Terrorist Finance
OFAC Sanctions
Cash app/Crypto currency
TECHNICAL SKILLS:
Work experience on Actimize, Mantas, Prime, BAM, Fiserv, Thomson Reuters CaseMap, Lexis Nexis, World Check, Factiva, World Compliance, Dun & Bradstreet, RDC, Google, Bloomberg, Snowflake, Python, FCRM, Citrix, Navigator, Bitcoin/crypto transactions.
CERTIFICATION:
CAMS (Certified Anti Money Laundering Specialist)
PROFESSIONAL EXPERIENCE:
Ocean First Bank- New Jersey
AML EDD Compliance Specialist Oct 2021 to till date
Conduct Enhanced Due Diligence (EDD) inquiries on individuals, firms and organizations suspected of money laundering crimes and terrorist financing crimes, utilizing research and analysis of public records, commercial databases, global media sources and the internet
Conduct EDD for high-risk clients using World Compliance, OFAC, Lexis/Nexis, Check for Risk, Bridger and other
Responsible for clearing Look-Back alerts/cases from beginning to end of the review, which may include case investigation, presenting the recommendation to the SAR.
Perform Quality Check and Audits as a part of Look-Back quality assurance (QA) team by evaluating the cases and provided appropriate judgments
Experience working on verafin.
Parke Bank- New Jersey Oct 2020 to Oct 2021 date
AML EDD Compliance Specialist
Employer: Mercadien
Conduct EDD for high risk clients using World Compliance, OFAC, Lexis/Nexis, Check for Risk, Bridger and other
Conduct enhanced due diligence inquiries on individuals, firms and organizations suspected of money laundering crimes and terrorist financing crimes, utilizing research and analysis of public records, commercial databases, global media sources and the internet
Conducted quality assurance reviews of the BSA/AML first- and second-line activities.
Responsible for initiating money laundering related investigations on corresponding banking
Supervision of daily alert/case and account activity using electronic transaction monitoring case management systems and assist U.S. Bank AML / BSA Specialists in detecting, monitoring, analysing, investigating, and reporting complex suspicious activity / relationships with respect to money laundering, Sanctions and terrorist financing
Square- New Jersey July2020 - Oct 2020
AML compliance Analyst
Monitor and act upon reports involving compliance-related alerts and SAR’s conducted on cash app accounts for Bitcoin (BTC)/crypto currency transactions.
Investigate and report suspicious activity in accordance to regulatory requirements, specifically in relation with Marijuana/Drug related financial transactions
Ensure all operation deliverables are met within established Service Level Agreements
Conduct due diligence reviews on Bitcoin (BTC)/crypto currency transactions conducted on cash app account
Work with Support, Risk, and other operations teams within Square to iterate and improve existing processes and applications
Responsible for all alerts/cases from beginning to end of the review, which may include case investigation, presenting the recommendation to the SAR both for crypto currency related transactions and generic cash app transactions.
Sturdy Saving Bank – New Jersey Oct 2019 - Apr 2020
AML EDD Compliance specialist
Conduct enhanced due diligence inquiries on individuals, firms and organizations suspected of money laundering crimes and terrorist financing crimes, utilizing research and analysis of public records, commercial databases, global media sources and the internet
Responsible for clearing Look-Back alerts/cases from beginning to end of the review, which may include case investigation, presenting the recommendation to the SAR.
Perform Quality Check and Audits as a part of Look-Back quality assurance (QA) team by evaluating the cases and provided appropriate judgments
Experience working on Bankers Toolbox (BAM+).
Mashreq Bank - NYC Dec 2017 - Sep 2019
AML Compliance specialist (Actimize)
Testing of existing BSA/AML controls and report any anomalies
Active participation in Actimize SAM-C system implementation
Responsible for overall regulatory compliance within Mashreq Bank - New York branch for SAM-C UAT Actimize implementation project.
Conduct UAT on Actimize system implementation project
Support branch operations by providing compliant solutions to regulatory requirements
Responsible for initiating money laundering related investigations on corresponding banking
Review of alerts and cases on Actimize case management system after implementing new alert threshold.
Conducted QA on remediation projects, which include identifying and reporting any discrepancies which does not comply with existing standard operating Procedures (SOP)
Investors Bank – NYC Apr 2017 – Nov 2017
AML QA Specialist
Identifying and reporting QC findings and control gaps/deficiencies to Financial Crime
Identifying and reporting QA findings and Audits by evaluating the cases, provided appropriate judgments and control gaps/deficiencies to Financial Crime
Perform Quality Check and Audits as a part of Look-Back quality assurance (QA) team by evaluating the cases and provided appropriate judgments
Conduct enhanced due diligence inquiries on individuals, firms and organizations suspected of money laundering crimes and terrorist financing crimes, utilizing research and analysis of public records, commercial databases, global media sources and the internet
Conduct EDD for high risk clients using World Compliance, OFAC, Lexis/Nexis, Check for Risk, Bridger and other
Conducted quality assurance reviews of: the BSA/AML first and second line activities.
CITI Bank - NYC Jan 2017 - Apr 2017
AML Compliance specialist
Responsible for all alerts/cases from beginning to end of the review, which may include case investigation, presenting the recommendation to the SAR.
Conduct enhanced due diligence inquiries on individuals, firms and organizations suspected of money laundering crimes and terrorist financing crimes, utilizing research and analysis of public records, commercial databases, global media sources and the internet
Conducted quality assurance reviews of: the BSA/AML first and second line activities.
Identifying and reporting QA findings and Audits by evaluating the cases, provided appropriate judgments and control gaps/deficiencies to Financial Crime
Participating in internal and external audits and client reviews. Evaluate any findings and assisting in implementing corrective actions.
Review and escalate cases generated from BSA/AML/OFAC/Sanctions screening
Escalate high risk negative information in accordance with bank policies
Wells Fargo - NYC Oct 2016 – Jan 2017
AVP, AML Quality Assurance
Perform Quality Check and Audits as a part of quality assurance (QA) team by evaluating the cases and provided appropriate judgments
Identifying and reporting QC findings and control gaps/deficiencies to Financial Crime
Conducted Quality control reviews with respect to CDD and CRR
Ensuring accuracy of AML processes/procedures and documentation
Developing, maintaining, and deploying necessary training based on business line impacts
Participating and providing guidance to the business line on AML/KYC/CDD/CIP processes
Working with the business to determine root cause of identified issues and recommending
Independently write SARs filed with Fin CEN on a variety of suspicious activity including, but not limited to: USA PATRIOT Act § 314(a) & (b) requests, OFAC-related matters (violations of OFAC Sanctions, activity involving potential and true OFAC hits, etc.),
PricewaterhouseCoopers (PWC) - NYC Dec 2014 – Sep 2016
AML Compliance Supervisor (Financial Crimes Unit)
Responsible for all alerts/cases from beginning to end of the review, which may include case investigation, presenting the recommendation to the SAR Committee and preparing SARs, while ensuring that the entire process is handled in a timely manner
Supervision of daily alert/case and account activity using electronic transaction monitoring case management systems and assist U.S. Bank AML / BSA Specialists in detecting, monitoring, analyzing, investigating, and reporting complex suspicious activity / relationships with respect to money laundering, Sanctions and terrorist financing
Work cooperatively with business lines to continually evaluate and revise policies and procedures
Demonstrated knowledge in identifying, evaluating, building, and implementing new cross- territory business processes and procedures, including managing and executing projects and/or developing relationships
Assisted in conducting the annual BSA/AML department wise Risk Assessment, developed the risk assessment methodology and write up of the final risk assessment document
Perform Quality Check and Audits as a part of quality assurance (QA) team by evaluating the cases and provided appropriate judgments
Demonstrated skills required to improve the anti-money laundering program within the compliance environment and the bank
Responsible for preparation of weekly team metrics, to identify quality issues and training gaps.
Tools: PWC case it tool, Norkom, LexisNexis, open-source information, world check, Factiva, Actimize
BBVA COMPASS BANK - NYC Oct 2013 – Nov 2014
Compliance Specialist
Excellent working knowledge and current / recent experience with NICE Actimize
Supported in developing controls and procedures relating to transaction monitoring.
Maintain and upgrade watch list data such that consolidated alerts that are generated are of high-quality hits with low false positives
Supervise alerts/cases generated from BSA/AML/OFAC/Sanctions screening are in accordance with Policy and procedures
Investigate potential suspicious activity relating to both AML and BSA
Governmental subpoenas, suspicious wire transfers, shell and nesting activity through correspondent bank accounts, trending, structuring, mortgage-backed securities, letters of credit, money laundering, and terrorist financing
Tools: Actimize, LexisNexis, and open-source information, world check
HSBC - India Jan 2006 - Jan 2012
Role: AML Investigator /SAR Investigator
Checking of authenticity of customer’s identification and address verification documents submitted at time of account opening. (KYC process).
Assist the sales team in account opening process and outlining the necessary details to complete KYC profiles (i.e. Source of Wealth questions, documentation requirement.
Record KYC documentation on departmental database and monitor the progress of pending documentation.
Escalate high risk negative information in accordance with bank policies.
Conduct EDD for high risk clients using World Compliance, OFAC, Lexis/Nexis, Check for Risk, Bridger and other
Perform Quality Check and Audits as a part of quality assurance (QA) team by evaluating the cases and provided appropriate judgments
Experience working with Actimize Case Management System
Responsible for conducting full analysis/Investigations for correspondent clients to ensure compliance bank’s AML policy and procedures
Prepare investigative case review summaries analysing transaction activity occurring in high and medium-risk accounts maintained by the Bank
Responsible for all alerts from beginning to end of the review, which may include presenting the recommendation to the SAR Committee and preparing SARs, while ensuring that the entire process is handled in a timely manner
Point of contact for interacting compliance operations related issues between the EU, USA, and INDIA team.
EDUCATION:
Bachelor’s in Computer Application Jun 2004
Osmania University - Hyderabad, India
ACAMS certificate 2017
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