Hi, I’m
AVINASH. BB
KYC/AML Specilist
Bangalore
Summary
Detail-oriented KYC Analyst executes Know Your Customer activities focusing on client onboarding and exceptions in line with regulatory standards and jurisdictions. Robust knowledge and understanding of regulation affecting KYC program. Interacts and works closely with business stakeholders at all levels of seniority.
Overview
7
years of professional experience
2
years of post-secondary education
1
Certification
Work History
Comonwealth Bank of AustraliaBangalore
KYC Analyst
03.2022 - Current
Job overview
- Global Client onboarding – Know Your Customer- Corporate & Institutional banking & Market Clients
- Conducted comprehensive customer due diligence (CDD) and enhanced due diligence (EDD) processes to identify and verify customer information in compliance with AML and KYC regulations
- Analyzed customer transactions, account activity, and risk indicators to assess potential money laundering, fraud, or other suspicious activities
- Conducted periodic reviews and updates of customer files to ensure ongoing compliance and identify any changes in risk profiles
- Provided training and guidance to junior analysts, sharing knowledge and best practices related to KYC and AML compliance
- Identified patterns and trends consistent with money laundering, terrorist financing and flagged any suspicious activities detected
- Investigate source and destination of funds to ascertain legitimacy of funds and its use, from account level investigations to customer level investigation and linked counterparts.
- Researched and interpreted corporate documentation to determine business and ownership structure.
- Determined customer risk ratings based on analysis and research findings.
- Analyzed and investigated clients to conduct detailed customer due diligence and enhanced due diligence review.
- Prepared high-risk reviews with results and recommendations for customer onboarding & Refresh.
Morgan Stanley Advantage Services Pvt LtdBangalore
Associate
12.2019 - 02.2022
Job overview
- Anti-Money Laundering-Enhanced Due Diligence Clients
- Conducts Customer due diligence investigations using public and private databases in accordance with KYC and Anti- money Laundering (AML), BSA and other regulatory standards to assist business units and prevent operation and reputation risks
- Area of expertise revolves around anti-money laundering, OFAC, PEP, Sanction Screening & Adverse news screening for Wealth Management EDD (Enhanced Due Diligence) clients
- Identify accurate risk rating for Personal Holding Companies, Trust, Charities, and individual/non- individual accounts to highlight high risk jurisdictions, high risk business and Politically Exposed Person (PEPs) or Close relatives
- Perform detailed AML reviews of alerts utilizing available tools, various third-party and internal databases like, WORLD CHECK, OFAC, RDC, DDIQ, CLEAR, Actimize
- Allocating the works to team and preparing the monthly MIS reports and presenting it to the Regional Stakeholders
- In charge of work distribution, ensuring the timely and effective running of daily risk workloads across the team
- Identified and delivered continuous improvement and process alignment activities designed to improve the efficiency of the risk profile of the team.
Standard Chartered GBSBangalore
Senior Analyst
10.2016 - 12.2019
Job overview
- Client onboarding – Know Your Customer- Corporate& Institutional banking (CIB) and Commercial Banking (CB)
- Performing the work as a CDD analyst as per the global and local standards, ensuring all the checks are performed from, screening, identification, verification, source of wealth, address, country of incorporation and operation etc
- Reviewing client files involving Low, Medium and High-risk clients
- Hands on experience on complete KYC lifecycle of client onboarding in banks including stages of Initial data collection, Customer Identification Program, screening of related parties and risk management
- Provided advice on AML and sanctions risks subject to Enhanced Due Diligence (EDD) and Customer Due Diligence (CDD) policies including PEP and sanction affected entities at customer acceptance and periodic customer reviews
- Support the activities pertaining to client identification (CIP)/ KYC checks for periodic reviews
- Liaise with the Client manager and other internal teams to find solutions and sort out any issues by taking various approaches for facilitating the completion of CDD
- Coordinating between country operations, IMO, RM and ARM’s and collecting the required information for the received instructions
- Preparing the country reports and daily allocation
- Personal profile
Education
KUVEMPU UNIVERSITY
Master of Commerce from Banking & Finance
07.2014 - 06.2016
Skills
Commercial and Institutional Banking Clients
High risk account reviews
Investigative research
Decision-Making
Certification
ACAMS: Preventing Child Online Sexual Exploitation With Financial Intelligence: An Overview.
Timeline
ACAMS: Preventing Child Online Sexual Exploitation With Financial Intelligence: An Overview.
06-2023
KYC Analyst
Comonwealth Bank of Australia
03.2022 - Current
Associate
Morgan Stanley Advantage Services Pvt Ltd
12.2019 - 02.2022
Senior Analyst
Standard Chartered GBS
10.2016 - 12.2019
KUVEMPU UNIVERSITY
Master of Commerce from Banking & Finance
07.2014 - 06.2016