Gowthami V

Senior Process Associate

First American India

12.2015 - 12.2024

Monitored changes in global AML regulations and assessed the impact on existing policies and procedures.
Drafted reports regarding findings from investigations into suspicious activity.
Analyzed results of complex investigations and delivered concise written conclusions to management.
Conduct real-time sanctions screening for potential violations of OFAC and other government sanctions regimes.
Conduct a screening process using Fircosoft to identify potential matches and escalate matches in a timely manner.
Effectively and collaboratively identify escalate mitigate and resolve risk conduct and compliance matters.
Conduct a sanctions screening to deal with the activities performed in payments and to identify unusual patterns in the US market/region.
Monitoring suspicious money laundering activity, High transactions, duplicate transactions, fraudulent detection, etc.
Perform the Manual Screening for the entity, directors, and shareholders to identify the PEP, SANCTION & ADVERSE MEDIA.
Manage teams in accordance with regulatory compliance guidelines and assist managers in implementing strategies for team development.
Observing Sanctions procedures and ensuring the bank is not in regulatory risk.
Assured that all cases were reviewed and cleared within their deadlines.
Preparing various MIS reports to assist team with referral activities.
Performed Transaction monitoring and Transaction screening for the individuals, entities and directors.
The main focus of the position is to identify sanctions risks, using the sanctions screening software.
Handled MT103, MT202, MT202 COV, MT500, MT700 and MT900 message type series to clear the payments in the queues.
Potential sanctions screening matches are identified, reviewed to identify false positives, transactions requiring further information and suspicious transactions requiring further action.
Carry out complex research/investigations in order to confirm whether or not the potential matches to Global sanctions lists are actual matches according to laid down guidelines.
Analyses potential matches on swift messages/payments from local and international business units.
Refer and escalate matches accordingly as stipulated in the working instruction
Analyses and act on instructions received from originating business unit /compliance department.
Maintain relevant databases and documentation and suggest controls to ensure we comply with regulations.
Performing Assess & Analyze level in AAA (Assess, Analyze, Act) system.
Ensure to process manual payments when the message is stopped due to any reason.
Ensure to credit back the amount to remitter which is failed to reach beneficiary due to some reason.
Handling the simplified, standard and enhanced due diligence customers.
Handling all low, medium and high-risk cases and updating customers KYC documents in credit card records.
Verifying customer’s KYC documents and Co-ordinating with internal team to update customers KYC documents in central KYC.
Maintain records of customer interactions and KYC documents.
Follow up to ensure that appropriate actions were taken on customers' requests within the Turnaround time (TAT)

Summary

Overview

Work History

Senior Process Associate

Education

B.com - Computer Applications

Skills

Accomplishments

Disclaimer

Timeline

Senior Process Associate

B.com - Computer Applications

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