Abhinav Kumar
Pune
Summary
A dynamic professional with 4.5 years of experience in KYC and AML, skilled in due diligence and preventing financial crimes. Strong communicator with excellent interpersonal skills, able to thrive in high-pressure environments. Committed to maintaining compliance and reporting violations to regulatory authorities.
Overview
5
5
years of professional experience
Work History
KYC Operations Analyst 1 (Compliance and Control)
CITI (US)
Pune
05.2024 - 01.2025
- Perform KYC Reviews (Scheduled & Unscheduled Reviews for different clients types across varied risk classes) including monitoring and tracking of KYC records, assisting with the development and execution of action plan for expiring records, and ensuring records are not past due.
- Perform due diligence of new and existing clients covering a wide range of types, including Not for Profit (NFP) organisations corporations,funds and other complex structures such as listed and regulated entities, small/medium/large private and public companies.
- Complete relevant identification,verification and bribery/corruption checks for prospective transactions for existing or new to bank clients to identify potential reputational, business, PEP(Politically Exposed person), adverse media and sanction risks.
- Send outreach requests to Client Relationship Managers (RMs) or branches for accounts requiring additional information to complete the review.
- Conduct enhanced due diligence checks, including negative news and social media screening, perform in-depth research using tools like Dun&Brad street,Lexis Nexis, World -Check, government registries, legal databases, commercial registries,and specialist research platforms to support client reviews and requirements.
- Conduct client- due diligence to verify identify source of funds(SOF),source of wealth(SOW),and beneficial ownership for various entity types.Evaluate client risk levels based on business activities, geographic location, and other key factors, ensuring the completeness and accuracy of documentation.
- Proficient in regulatory guidelines related to KYC, AML and CFT including PMLA rules, FATF, FinCEN, OFAC, the USA PATRIOT Act, and the Bank Secrecy Act (BSA). Experienced with AML/KYC tools such as SWIFT KYC registry, Factiva, RDC and internet research to ensure compliance with global standards.
Senior Analyst (Customer Due Diligence)
HSBC
Hyderabad
02.2022 - 11.2023
- Review customer profiles to identify possible patterns of money laundering and terrorist financing activity, ensuring compliance with applicable internal policies and procedures and external regulations
- Complete KYC onboarding for new and existing customers, analyse coordinate and collect client specific information reviewing documents provided by the customer/RM/Branch such as FATCA form tax identification number and JOTR to verify the client risk profile as established under the global KYC procedures
- Solving the customer and business queries on FATCA and CRS and assisting compliance department with the drafting of regulatory reports and responses to inquiries as necessary
- End to end understanding of KYC operations from documentary and non-documentary verification as per CIP/CDD SDD EDD policy nature of business, source of wealth/funds and customer screening against watch list of sanctions, PEP and adverse media
- Conducts comprehensive research and background investigations on bank customers (individual/entities), related parties and/or transactions that present financial crime, associated sanctions and reputational risks and thoroughly documenting findings
- Evaluates risks to determine permissibility under sanctions, regulations and/or BSA/AML regulations and to ensure compliance with relevant banking regulations, laws and industry standards related to fraud, prevention, reporting and customer protection
- Review and analyse transactional activity for suspicious/unusual patterns of activity utilizing various internal systems, reports and external data sources
- Ensured compliance with all regulatory requirements of OFAC, UN&EU and underlying laws of the regulators such as USA Patriot act, FinCEN (Financial crimes enforcement network), FATCA and CRS
- Conducting quality check on completed KYC files as per established quality framework and meet required agreed SLAs and providing assistance in creating and present monthly dashboards, reports and business reviews
Virtual Relationship Manager ( Moneyfy)
TATA Capital
Mumbai
09.2021 - 01.2022
Deputy Manager
ICICI Bank
Chennai
01.2020 - 08.2021
- Conducted AML/KYC reviews and ensured compliance with regulatory requirements
- Competence in understanding of functionalities related to banking products that caters to Retail Banking, Corporate Banking inclusive of Wholesale banking, and Global transaction Banking
- Developed and implemented effective fraud prevention strategies to mitigate risk and reduce losses.
- Assist the organization in the decision-making process by collecting, inspecting, and presenting the data using statistical and probability skills to make business supervisors and stakeholders understand the data trends
- Good understanding of Financial Services industry/AML, Sanctions policies, and banking systems, Screening resolution and Quality Assurance
Education
Post Graduate Diploma - Banking (PGDB)
Manipal Academy of Higher Education
Bangalore, India05-2020
Bachelor in Commerce (Honours) - Commerce
Alliance University
Bangalore, India08.2016
Skills
- Time Management
- Microsoft Office
- Transaction Monitoring
- Ensuring customer data accuracy and completeness
- Attention to detail
- Risk Management, KYC and AML
- Proficient in Investment portfolio
- Customer Service Management & Settlements
- Global KYC
- Corporate Onboarding
Languages
English
Proficient
C2
Hindi
Proficient
C2
Certifications
- Anti Money Laundering & Countering of Terrorist Financing, Udemy
- Anti Money Laundering Concepts: AML, KYC and Compliance, Udemy
- AML Compliance in Practice: Suspicious Activity Reports, Financial Crime Academy
- Sanctions Compliance, Udemy
- Introduction to Cyber Security, Simplilearn
- End to End AML KYC, Udemy
Projects
Consumer Behavior and Purchase Intention For Organic Food, February2016 - April2016
Hobbies and Interests
Travel, Sports, Reading
Timeline
KYC Operations Analyst 1 (Compliance and Control)
CITI (US)
05.2024 - 01.2025
Senior Analyst (Customer Due Diligence)
HSBC
02.2022 - 11.2023
Virtual Relationship Manager ( Moneyfy)
TATA Capital
09.2021 - 01.2022
Deputy Manager
ICICI Bank
01.2020 - 08.2021
Post Graduate Diploma - Banking (PGDB)
Manipal Academy of Higher Education
Bachelor in Commerce (Honours) - Commerce
Alliance University