Benevlo Menezes

Working as a Team Leader with a 15 member team in the Risk Containment Unit's CASA Transaction Monitoring Team. My job profile includes:

• Creation on MOPP's (Manual of Policies and procedures) & SOP's (Standard Operating Procedures) for the transaction monitoring unit.
• Creation of Fraud & AML based rules for identifying Fraud/Mule accounts.
• Detailed analysis of cases reported in banking ombudsman to improve the efficacy of rules.
• Making strategic team decisions such as team budget, team shuffling, shift rotations,etc. and also handling internal and RBI Audits.
• Quality control on the alerts closed in the FRM system by all analysts.

• My work primarily focuses on development of AML and fraud Risk management framework for Banking and Financial service sectors
• I am a part of a project with a leading Indian bank to strengthen the AML policy of the bank with regards to guidelines on virtual currencies
• I am part of the team responsible for the review of risk categorization of customers on-boarded at banks
• I have helped in Risk Assessment of the AML scenarios of the Bank
• I have also helped in reviewing thresholds for scenarios basis which new alerts were implemented

• Strengthening the TBML Process of the bank
• Handling internal audit
• Technical testing to check if data output is as required
• Review of transactions, filing of STR and taking up of special cases for review and submitting the reports to the head of unit
• On the basis of the logic set in the system, alerts are generated and analyzed in a holistic manner with regards to regulatory documentation and primarily from the anti-money laundering perspective
• Take up additional project/reviews in TBML
• Performed AML investigation of a company which included unethical practices adopted by the company's beneficiary owners for personal gains, round tripping arrangements and suspected money laundering and terrorist financing activities

• On the basis of the logic set in the system, alerts were generated and we analyze the alerts in a holistic manner with regards to regulatory documentation from a fraud perspective
• If any red flag indicators are observed, then the queries are raised to the various stakeholders of the client of the bank

• Holistic review of customer's relationship with the institution and transaction pattern in all related accounts from the perspective of financial crime/risk to the institution
• Liaise with various stakeholders within the bank for information for in-depth analysis of suspicious cases
• STR filing
• User acceptance testing
• Pitch ideas for strengthening of systems and processes
• Identifying issues with systems and processes and offer solutions for the same
• Reviewing and responding to the notices/Law Enforcement Agency (LEA) received from Regulatory Authorities and Enforcement Agencies
• Played a key role in AMLOCK software implementation like performing User Acceptance Testing (UAT) and coordinating with the software vendor and internal IT department for development and final implementation