Abbas ali

Leadership: Served as SME, providing guidance on transaction processing, regulatory requirements, and industry best practices.

Upholding Stringent Regulatory Compliance and Risk Management: Maintained a robust framework for regulatory compliance, conducting regular audits and assessments to uphold AML/KYC policies and mitigate operational risks. Implemented proactive measures to address emerging compliance issues promptly.

Specialized Expertise in Sanctions Screening and PEP Management: Applied advanced knowledge and expertise in handling complex sanctions screening and politically exposed person (PEP) cases. Conducted thorough investigations, verified alerts, and ensured accurate resolution in alignment with regulatory standards.

Operations and Performance Management: Led and supervised day-to-day operations, ensuring alignment with organizational goals and standards. Monitored team performance meticulously, employing robust metrics and KPIs to gauge productivity and quality.

Performance Evaluation and Feedback: Implemented a structured performance evaluation framework, conducting regular reviews to assess individual and team achievements. Provided detailed feedback and actionable insights to team members, fostering personal growth and enhancing overall team effectiveness.

Driving Process Optimization and Continuous Improvement Initiatives: Took a proactive approach in identifying process inefficiencies and implementing strategic enhancements. Led cross-functional teams in analyzing workflow bottlenecks, devising innovative solutions, and executing improvements to streamline operations and boost efficiency.

Transaction Processing and Compliance Oversight: Engaged directly in supporting transaction processing activities, ensuring adherence to stringent regulatory requirements such as AML/KYC and sanctions screening. Monitored compliance measures by implementing corrective actions as needed to mitigate risks and ensure regulatory compliance.

• Managed weekly and monthly expense and client billing reports.
• Ensured live audits and spot checks based on customer reports.
• As SME ensured training of team members on various aspects of AML, KYC and OFAC processes.
• Managed team as acting Pod Lead.
• Ensured Q4 quality consistency and timely completion of deliveries and SLAs.
• Managed the day to day operations of the KYC analysts team in the accurate and timely collation of all KYC documentation relating to new guidelines.
• Identified and monitored suspicious transactions and reported in a timely manner as per Compliance Guidelines and Regulatory Processes.
• Investigated, reviewed and resolved AML and economic sanction related alerts. Passed the false match payments with supporting evidence.
• Identified, proposed and supported effective process and technical solutions to facilitate compliance with applicable laws and regulations ensuring Due Diligence with respect to Meta's obligations and information technology laws.
• Provided feedback to internal teams and leadership regarding the design and operation of Meta's compliance in India, key emerging trends, and effectiveness of compliance program operations and resourcing.
• Worked closely and creatively with cross functional teams including Legal and Policy teams in reviewing and addressing governmental regulations, validating PEP & Negative Media Check as per agency guidelines and policies.

• Verification of CIP and all necessary account opening documents provided.
• Ensuring compliance with KYC, USA Patriot Act, and Bank Secrecy standards.
• Enhanced Due Diligence research to identify derogatory/background information.
• Ensuring comprehensive reports are compliant and suitable for client on-boarding.
• Utilizing World Check Risk Screen, FinCEN list, OFAC Specially Designated Nationals List (SDN) and Blocked Persons.
• Identification of accurate risk ratings for accounts.
• Highlighting high-risk jurisdictions.
• Identifying cash-intensive/high-risk businesses.
• Identifying Politically Exposed Persons (PEPs) or Relatives & Close Associates (RCAs).

• Developed and implemented a streamlined KYC/CDD process, reducing customer onboarding time by 40% and improving overall efficiency and accuracy.
• Leveraged robust data analysis techniques to perform thorough document checks, uncovering potential fraudulent activities and enhancing risk assessment accuracy, resulting in a 30% reduction in financial crime incidents.
• Performed screening, detection, and reporting of suspicious activity, including predicate offenses to money laundering and terrorist financing.
• Ensured document compliance submitted for CDD in line with internal policies.
• Identified and analysed alerts generated by the monitoring system to identify potentially suspicious activity, escalating red flags and potential risks.
• Conducted AML Investigations from beginning to end, including transaction analysis and open-source and public records research in various repositories.
• Documented in detail the rationale for the investigative process and recommendations of each review.
• Drafted and filed Suspicious Activity / Transaction Reports (SARs / STRs).