Ayon Auddy
Kolkata
Summary
Demonstrated history of working in the Insurance/Banking & Compliance/Title Insurance Industry. Skilled in Analytical Skills, Bank Reconciliation, Accounting, Fraud Detection, and Management Information Systems (MIS). Analytical professional with technical knowledge and critical thinking skills to thrive in data-driven environments. Tackles challenges with positivity and drive to overcome. Works great alone or with others and consistently exceeds expectations.
Overview
13
13
years of professional experience
Work History
AML Rightsource (Associate Analyst)
02.2023 - Current
- Utilize advanced monitoring tools and software to review and analyze financial transactions for signs of unusual or suspicious activities
- Investigate alerts triggered by the monitoring system to determine whether they require further review or escalation
- Conduct in-depth analysis of customer profiles, transaction history, and account relationships to identify patterns and potential red flags
- Collaborate with other departments, such as fraud prevention and risk management, to assess potential risks and determine appropriate actions
- Prepare and file Suspicious Activity Reports (SARs) in accordance with applicable regulations and internal policies
- Maintain comprehensive documentation of investigations, findings, and decisions made in relation to SAR filings
- Communicate effectively with internal and external stakeholders, including law enforcement agencies, as necessary for SAR-related matters
- Stay current with evolving regulatory requirements and changes to SAR filing guidelines
- Ensure compliance with all relevant laws, regulations, and industry standards related to anti-money laundering (AML) and fraud prevention
- Assist in the development and implementation of policies, procedures, and controls to enhance transaction monitoring and SAR filing processes
- Generate regular reports and metrics on transaction monitoring activities, SAR filings, and related trends to senior management.
EXL (Senior Associate)
Bengaluru
11.2021 - 02.2023
- Locate the assessment using the county website and match the property address to get the subject legal description
- Based on the parcel or address check the tax status using the Tax option in the title plant
- Go to the grantor grantee Search option and enter the owner/borrower's name to perform the grantor and grantee search
- Run the search back to 30 years or more for a good chain of title
- Locate the current vesting deed and full value deed
- Check all the open DOT/Mortgage and liens along with subdocuments that are affecting our property
- Need to open all release documents and identify which document that released and match the release instrument or book/page with the DOT/Mortgage to eliminate
- Need to check other documents like, easements, restrictions, Plat, other notices, and agreements, consider if necessary
- Retrieve the starters using the starter option in Title Plant
- Make sure to run all the names which are reflecting in grantee part and mortgagor part as well
- Need to run the general index or judgment search for all the necessary parties
- From the prepared search package, type all the relevant information in the ResWare application and create a Prelim/Commitment report
- Below is the information we capture to prepare the commitment report
- Need to mention the effective and typed date
- Need to type current vesting information and prior owner information (if necessary)
- Need to type Legal Description
- Need to type all open DOT/Mortgages along with sub-documents (Chronological sequence)
- Need to type all open judgments and liens
- Need to show assessment information with breakdowns (Land, Building, and Total) and exemptions
- Need to show tax information (Paid/Due/Delinquent)
- Need to type other MISC documents (Notice, Divorce, Marriage License, CCR Etc.,)
Situs AMC (Title SME)
Kolkata
05.2021 - 11.2021
- Analyzing search requests to determine the type of title evidence required
- Obtaining the descriptions of properties as well as the names of parties involved
- Examining the documentation related to the title that includes, liens, mortgages, judgments, plat books, legal agreements, easements, maps, contracts, etc
- Verifying factors such as the legal descriptions, ownership, or restrictions related to the property
- Preparing and issuing title commitments based on information compiled from title searches
- Summarizing recorded documents, such as trust deeds, vesting contracts, etc., that can affect the property's title
- Delegate tasks and set project deadlines
- Oversee day-to-day teams' operation and performance
- Do regular performance evaluation
- Communicate with teams about their performance
- Listen to team members' feedback and resolve any issues or conflicts
- Plan and organize team-building activities.
Intelligent Image Management Inc. (Assistant Project Manager- Contractual)
Kolkata
08.2020 - 05.2021
- Work directly with project managers to help implement project goals
- Assign duties to staff to implement project goals, as needed
- Examine assessment, taxes, deeds, deeds of trust, liens, judgments, and plats/maps to determine ownership and to verify legal descriptions of property
- Ownership & Lien Report like examining the current owner's vesting deed forward and examining owed taxes, new encumbrances on record, name searches on parties in title
- Chain of title for real property referred to searching of past and present owners their lien and judgement, probate etc
- Analyze chain of title and preparation of reports outlining title-related matters
- Search real estate records through online and applications like data trace, data tree, Netronline etc
- Prepare property reports and title commitments
- Compile lists of mortgages, contracts, and other instruments pertaining to titles by searching public and private records for title insurance
- Liaise with project lead and other project managers to maintain project schedule and efficacy
- Review project implementation and gather data on project execution
- MIS reporting to management on daily basis.
Incryptic Solutions (Team Lead)
Kolkata
11.2018 - 08.2020
- Search for and verify titles
- Search real estate records
- Retrieve closing files for accuracy
- Summarize legal or insurance documents
- Compile lists of mortgages, contracts, and other instruments pertaining to titles by searching public and private records for title insurance
- Search, analyze, and evaluate records relating to titles of homes, land, and buildings
- Ensure that the title to a property in question has no restrictions that may prevent or hinder its sale or use
- Search public and private records for title insurance
- Examine deeds, deeds of trust, liens, judgments, and plats/maps to determine ownership, encumbrances, and to verify legal descriptions of property
- Prepare property reports and title commitments
- Analyze chain of title and preparation of reports outlining title-related matters
- Delegate tasks and set project deadlines
- Oversee day-to-day teams' operation and performance
- Do regular performance evaluation
- MIS reporting to management on daily basis.
Archtek Solutions (Senior Analyst)
Kolkata
10.2017 - 10.2018
- Applies understanding of established guidelines, Fair Lending and all other regulatory requirements when evaluating loan attributes while utilizing prudent underwriting judgment and experience
- Reviewed risk through credit policy and interpreting Agency Guidelines
- Reviewed residential loan application files to verify that application data was complete and met establishment standards, including type and amount of mortgage
- Remote Underwriter, carry out weekly pipelines with each branch to ensure loans move forward
- Identifies portfolio risks resulting from the client's underlying business practices, underwriting, and/or fraud exposure.
XL Catlin India Pvt Ltd (Process Specialist)
Gurgaon
09.2013 - 09.2017
- Working as a subject matter expert (SME) for prefunding/pre-finance and captive reinsurance financial report
- SWOT Analysis of XL CATLIN partners
- Part of regular Client calls to understand, provide inputs to and execute the strategic decisions
- Auditor and SME for quarterly captive's portfolio report
- Auditing and maintaining of monthly portfolio report of Global Programs accounts
- Financial Audits of various global programs reports like - Loss Run, Captives & Aggregate Reports
- Auditing and preparing monthly statistical reports across all lines and global regions
- Ad-hoc audit reports on accounts as requested by clients
- Auditing- Standard Operating Procedure (SOP) prepared by other team members
- Preparing loss run financial reports for global programs account and its reinsurance and captives
- Provide support to the underwriters to service and maintains global program accounts
- Provide support of any query related to Global Programs
- Preparing Management Information System (MIS) reports as per the task
- Preparing and maintaining monthly and quarterly exceptions and aggregates reports
- Periodic client calls for locations such as Austria, Germany, Netherlands, United States & United Kingdom.
Mercer India Pvt Ltd (Senior Analyst)
Gurgaon
06.2012 - 09.2013
- Benefits Administration
- Pension Administration-Data Management
- Providing beneficiary reports for the members
- Preparing evidence of insurability report of the members
- Indexing the report of the designated participants
- Regular client calls for strategic planning of upcoming business quarter priorities, with current performance & growth
- Conducting regular team meetings & strategic meetings with the process owners & functional experts for better understanding of processes / sub-processes involved
- Presenting Weekly/Monthly reviews to the client and top-level management for performance & growth opportunities
- Responsible for performance monitoring of individual
- Responsible for handling process related issues/updates on daily/weekly basis
- Auditing & Maintaining- Standard Operating Procedure.
Bank of America (Team Member)
Gurgaon
01.2011 - 05.2012
- Worked as a team member in deposit review team part of the 'Global Fraud Prevention
- Auditing live financial instruments like cheque & drafts deposited by customers
- Preparing BRS reports
- Work with Team Leader to identify the areas of improvement and thus giving feedback on daily/weekly basis to improve performance.
Education
Master of Business Administration - Finance & Marketing
Bharathidasan University
07.2011
Bachelor of Commerce - Accounts
Guru Nanak College
04.2007
Intermediate of Commerce - Accounts
Guru Nanak College
05.2004
High School - Matriculation
Laxmi Narayan Vidya Mandir
Skills
- Report Preparation
- Documentation and Reporting
- Data Processing
- MS Excel
Personal Information
- Father's Name: Mr. Amit Auddy
- Date of Birth: 02/25/1987
- Gender: Male
- Nationality: Indian
- Marital Status: Married
Awards
- XL CATLIN INDIA PVT LTD - (Won quarterly reward for the month of October- December-2015, Won best innovation ideas of the month- August 2016, R&R award for the month of April 2017.)
- Mercer India Pvt Ltd- (Submitted six 'Pragati Ideas' (Best Practice Idea), Won the R&R award for the month of October 2012 & June 2013, Won two sleep tight certificates from onshore team for client Pfizer, Green Star award for the month of October, November 2012 and May, June, and July 2013.
- Bank of America- Best analysis and performer consecutive 3 months in a row. Won the R&R award for the month of August, September, and October 2012.
Accomplishments
- XL CATLIN INDIA PVT LTD - (Won quarterly reward for the month of October- December-2015. Won best innovation ideas of the month- August 2016, R&R award for the month of April 2017.)
- Mercer India Pvt Ltd- (Submitted six ‘Pragati Ideas' (Best Practice Idea), Won the R&R award for the month of October 2012 & June 2013, Won two sleep tight certificates from onshore team for client Pfizer, Green Star award for the month of October, November 2012 and May, June, and July 2013.
Languages
Bengali
First Language
English
Proficient (C2)
C2
Hindi
Proficient (C2)
C2
References
References available upon request.
Timeline
AML Rightsource (Associate Analyst)
02.2023 - Current
EXL (Senior Associate)
11.2021 - 02.2023
Situs AMC (Title SME)
05.2021 - 11.2021
Intelligent Image Management Inc. (Assistant Project Manager- Contractual)
08.2020 - 05.2021
Incryptic Solutions (Team Lead)
11.2018 - 08.2020
Archtek Solutions (Senior Analyst)
10.2017 - 10.2018
XL Catlin India Pvt Ltd (Process Specialist)
09.2013 - 09.2017
Mercer India Pvt Ltd (Senior Analyst)
06.2012 - 09.2013
Bank of America (Team Member)
01.2011 - 05.2012
Master of Business Administration - Finance & Marketing
Bharathidasan University
Bachelor of Commerce - Accounts
Guru Nanak College
Intermediate of Commerce - Accounts
Guru Nanak College
High School - Matriculation
Laxmi Narayan Vidya Mandir
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