Chetan Kanakagiri
Quality Assurance Analyst - Transaction Monitoring (AML)
Pune
Summary
Have around 4 years of experience in working with US Anti-Money laundering, KYC, and compliance Projects. Has strong operational and interpersonal skills and highly successful at problem prevention and resolution with innovative ideas to improve process. Seeking an opportunity that challenges and enables me to employ my AML Transaction Monitoring and Screening, KYC Customer due diligence and enhanced due diligence, expertise towards concurrent growth of the organization and my personal career effectively.
Experienced with financial compliance and regulatory procedures, focusing on AML and KYC processes. Utilizes analytical skills to uncover suspicious activities and ensure compliance with regulations. Knowledge of risk assessment and mitigation, with history of effective teamwork and adaptability in dynamic environments.
Overview
4
4
years of professional experience
3
3
Languages
Work History
Quality Assurance Analyst - Transaction Monitoring
TATA CONSULTANCY SERVICES
pune
01.2023 - Current
- Basic understanding of KYC/AML requirements.
- Experience in building, appraising, and leading teams.
- Followed standard AML procedures and processes.
- Conduct review on alerts generated for transaction monitoring or screening alerts in sanctions.
- Conduct open-source search to find relevant information to complete the investigation & review.
- Perform due diligence of documents provided for customer as per bank’s policy & guidelines.
- Performing End to End KYC which includes Identification of UBO’s, key controllers, Directors and other related parties, Screening, Identification of Negative media, Transaction Monitoring, identifying the suspicious transactions for all Commercial and Retail Bank Customers.
- Identify the exact business activities of the clients.
- Performing the Screening for All Sanctions and PEP & Negative media to identify the risk of the client.
- Review Customer Due Diligence information for accuracy and investigate discrepancies.
- Drilldown the ownership up to 25% for low and medium risk clients and 10% threshold for the High-riskClients.
- Scrutinize the documents as per CDD standards. Retrieving the info like Legal entity details and beneficial owners and shareholders ultimate beneficial owner’s details as per the regulator standards.
- Identify and verify the client’s legal existence by using tools like LexisNexis, Bloomberg andDun & Bradstreet, etc.
- Perform the screening for all clients and UBOs to mitigate the risk and escalate the cases if the client has the positive hits or any adverse news.
- Provided training and monitoring to analysts on investigation techniques, internal systems, products and regulations.
- Maintained comprehensive knowledge of relevant industry regulations and standards, ensuring compliance throughout the QA process.
- Conducted training sessions for junior QA analysts, enhancing their skills and knowledge of industry best practices.
KYC Analyst
IBM PRIVATE LIMITED
pune
01.2022 - 12.2022
- Conduct end-to-end KYC reviews for retail and corporate clients in compliance with Patriot Act, FinCEN, OFAC, and U.S. regulations.
- Verify customer identity and ownership documents under Customer Identification Program (CIP) requirements to ensure accurate onboarding.
- Collect and validate client information using internal systems and OSINT sources, strengthening risk assessments and regulatory compliance.
- Prepare and finalize audit-ready KYC files, achieving 100% adherence to internal compliance policies and timelines.
- Investigate transactions flagged in AML Transaction Monitoring (TM), identify red flags, and escalate high-risk cases.
- Perform Sanctions, PEP, and Adverse Media Screening to mitigate financial crime and reputational risk.
- File Suspicious Activity Reports (SARs/STRs) in line with U.S. guidelines, supporting regulatory reporting obligations.
- Collaborate with Relationship Managers, Compliance Officers, and Auditors to streamline case approvals and reduce review time.
- IBM EXPERIENCE
Education
X -
Karnataka State Board
2014
XII -
Karnataka State Board
2016
B.B.M -
Gulbarga University
2020
Skills
AML/KYC:
Sanctions & PEP Screening & Adverse Media Checks, Transaction Monitoring, Client Onboarding, CDD/EDD, UBO Identification, Periodic Reviews, Financial Crime Investigation, Risk Assessment and SAR Filing
Knowledge of FATF, FinCEN, OFAC, FCA, RBI/SEBI, and EU AMLD compliance
Tools:
Salesforce, Full Serve, Dun & Bradstreet, World-Check, Actimize,Lexis nexis, RDC, bloomberg
Core Skills:
Regulatory Reporting, Data Analysis, Risk Assessment, Financial Crime Investigation and Stakeholder Collaboration
Disclaimer
I hereby declare that the information furnished by me in this resume is factual and true to the best of my knowledge and belief.
Timeline
Quality Assurance Analyst - Transaction Monitoring
TATA CONSULTANCY SERVICES
01.2023 - Current
KYC Analyst
IBM PRIVATE LIMITED
01.2022 - 12.2022
X -
Karnataka State Board
XII -
Karnataka State Board
B.B.M -
Gulbarga University