Balaji U
Anti-Money Laundering , CIP Lead Advisor
Chennai
Summary
Proactive and result oriented professional with over 9 years of experience in the financial sector. Recognized for playing vital role in identifying and mitigating compliance risks. Experienced in monitoring complex account activities. I possess strong leadership, communication, and interpersonal skills to establish rapport with all levels of staff and management with following areas of technical expertise: KYC OPERATIONS CUSTOMER DUE DILIGENCE
Overview
11
11
years of professional experience
5
5
years of post-secondary education
Work History
CIP Lead Advisor
PayPal India Pvt. Ltd
01.2016 - Current
- Customer Information Profile: (EU CIP &IND CIP / Name Change)
- To Perform Know Your Customer ("KYC") due diligence reviews at the time of on boarding and reviewing the customer information in case of any amendments requested from customer
- Update the Customer details in the data base
- Handling various Types of accounts like KYC (Personal& Primary Account) & KYB
- Performing name change activities and ensure all the compliance documents are in place as per the regulator’s requirements
- Performing background checks on client using Internal and external 3rd party application like Zoot
- Responsible for checking and labeling the client documents and ensure all the documents are archived in the systems
- Placing and lifting the limitation for the customer accounts
- Working as a Team Member
- Meeting daily Targets and 100 percentage quality
- Suspicious Activity Report (SAR & Transaction Monitoring):
- Experienced in handling alerts generated in Transaction Monitoring System for US country
- Strong knowledge in handling the alerts triggered for various scenarios’ such as frequent transfers, High Risk Geographies funds Transfers, Change in Behavior, Rapid Movement of Funds, etc
- Good knowledge in using Lexis Nexis, World check, Google search engine to verify the profile of the transacting parties in the alert
- Escalating the alerts with FinCEN whenever further information required or suspicious activity found
- Successful in recommending SAR to FinCEN
- Involved in providing classroom training on basic AML/ KYC concepts to new hires
- KYC Investigations for various Countries across India & EMEA Region
- Experience in handling CDD, compliance related queries and limit the funds if approved by FinCEN
- Adhere to Regulatory and Compensation guidelines.
senior officer
SCOPE INTERNATIONAL PRIVATE LIMITED
03.2015 - 12.2015
- In Banking Domain, CDD Review Team
- Customized research activity undertaken for different client segments - the same validated for on boarding clients through the process of raising CDD profiles
- Primary function involves on-boarding new to the bank clients & ongoing reviews of SDD & EDD clients (Corporate & Regulated FIs) as per the policy
- Conducting searches through available systems (screening) & from public domain to identify the risks associated with the clients through adverse news & PEP links
- Process, where relevant information about the customer is collected and evaluated for any potential risk for the organization or money laundering/terrorist financing activities
- Effective Client interaction on completing Due diligence for periodic review
- Understand and comply with all relevant policies and procedures issued by the Group & Country Regulators To ensure that AML principles for Correspondent Banking are strictly adhered to and Enhanced Due Diligence is carried out by the operations and any suspicions are escalated promptly
- Research, analyze and evaluate required KYC information on business banking clients.
CAO
HCL TECHNOLOGIES LTD
10.2012 - 03.2015
- As in Banking Domain Centralized Account Opening
Customer Service Executive
Reliance BPO Private Limited
07.2010 - 02.2012
- Politically Exposed Person (PEP), Sanction Screening Name Entity Screening System (Norkom / World Check) Transaction Monitoring
- Software and Application Skills: Norkom ll World check || Lexis Nexis || Experian ll Google Search Engine
Education
GED -
KCG College of Technology
Chennai 05.2008 - 06.2010
Diploma - ECE
Jaya Polytechnic College
Tiruvallur 04.2004 - 04.2007
Skills
KYC OPERATIONS
Additional Information
· Politically Exposed Person (PEP),
· Sanction Screening
· Name Entity Screening System (Norkom / World Check)
· Transaction Monitoring
Timeline
CIP Lead Advisor
PayPal India Pvt. Ltd
01.2016 - Current
senior officer
SCOPE INTERNATIONAL PRIVATE LIMITED
03.2015 - 12.2015
CAO
HCL TECHNOLOGIES LTD
10.2012 - 03.2015
Customer Service Executive
Reliance BPO Private Limited
07.2010 - 02.2012
GED -
KCG College of Technology
05.2008 - 06.2010
Diploma - ECE
Jaya Polytechnic College
04.2004 - 04.2007
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