Hareesha H M
Bengaluru
Summary
Seasoned Senior Analyst (AML, KYC, Sanctions Screening, CDD, ECDD) with a proven track record of strengthening anti-money laundering (AML) protocols, driving a 40% increase in the detection of suspicious activities and significantly reducing financial fraud risks. Played a key role in the implementation of advanced AML solutions and the development of training programs, resulting in heightened compliance awareness across the organization and a reduction in institutional risk exposure. Known for strong analytical abilities and in-depth regulatory knowledge, consistently filing SARs with a high acceptance rate and staying ahead of emerging AML trends. Ensured 100% audit compliance while safeguarding the institution’s reputation.
Overview
14
14
years of professional experience
1
1
Certification
Work History
Financial Crime Operations Senior Analyst
CBA Services Private Limited
Bengaluru
02.2023 - Current
- Supported the fraud investigation team in identifying and investigating incidents of fraud, ensuring that potential risks were promptly flagged and mitigated.
- Conducted preliminary reviews of suspicious activities, such as unauthorized account access, unusual transaction patterns, and identity theft.
- Perform risk assessments and investigations on customers, transactions, and products, using various sources and tools to ensure compliance with regulatory standards and CBA policies.
- Successfully completed multiple complex cases, identifying potential fraud, money laundering, terrorism financing, and sanctions violations, and providing recommendations and solutions to mitigate risks and protect CBA and its stakeholders.
- Cyber Fraud: Fraud involving digital technologies, such as hacking, phishing, or malware, to access sensitive information and commit financial crimes.
- Social engineering: A manipulative tactic used by fraudsters to trick individuals into revealing confidential information, often through psychological manipulation.
- Collusion: A secretive or illegal cooperation between individuals (often within the organization) or entities to commit fraud or financial crimes.
- Chargeback fraud: A fraudulent practice where a cardholder disputes a legitimate transaction with the bank, resulting in a reversal of payment, often involving false claims of unauthorized purchases.
- Phishing: A fraudulent attempt to obtain sensitive information (such as usernames, passwords, and financial details) by disguising oneself as a trustworthy entity, typically via email or other digital communications.
- Identity theft: The act of obtaining and using someone else's personal information, such as Social Security numbers, or credit card details, to commit fraud.
- Merchant Refund Fraud: A fraudulent practice where a merchant either processes fake refunds or issues refunds for goods that were never returned, resulting in a loss for the business.
- Merchant Refund Manipulation: A fraudulent scheme in which a merchant or its employees issue fake or unauthorized refunds to themselves, often by falsifying the original sale amount or claiming that merchandise was returned.
Senior Analyst
Societe General Global Solution Centre
Bangalore
04.2022 - 02.2023
- Playing a vital role in managing various activities of the project, such as requirement elicitation, analyzing the information gathered, documenting the functional or business requirements, BRD, FRD, Solution Scope Documents, and Interface Analysis.
- Interviewing business units, stakeholders, and technical leaders to gather and clarify business requirements; developing to-be business process flows, identifying the impact of the implementation on these business process flows, and coordinating the review of the detailed design for the business.
- Organizing requirement gathering (elicitation) meetings using techniques like interviews, questionnaires, interface analysis, document analysis, brainstorming sessions, and focus group discussions.
- Conducting gap analysis, scope analysis, and impact analysis on business processes using techniques like use case diagrams (UML), context diagrams, BPMN, flow charts, and requirement analysis and design definition (RADD).
- Performed quality assurance (functional testing) and user acceptance testing (UAT), facilitating the on-time and acclaimed 'go-live' of the application.
- Deliver requirement documents, like BRD, FRD, use case, process flow, change requests, and traceability matrix.
- Perform requirement prioritization using the MoSCoW approach.
- Liaising with customer stakeholders for AS-IS analysis (business process/application feature) and liaising with technical teams for solution scoping (TO-BE state).
Financial Crime Specialist
Australia And New Zealand Banking Group
Bengaluru
09.2013 - 04.2022
- Responsible for analyzing and monitoring potential risks, and supporting in implementing preventive measures to safeguard the bank's reputation and integrity.
- Investigating and evaluating unusual financial activity to determine whether it warrants filing a Suspicious Matter Report (SMR) for Australian clients is sent to the Australian Transaction Reports and Analysis Centre (AUSTRAC).
- Assisting in the development, review, and enhancement of AML and CTF policies, procedures, and controls.
- Supporting regular assessments of the bank's operations and processes to identify and address areas of noncompliance.
- A Threshold Transaction Report (TTR) must be filed when the Reporter provides, or begins to provide, a specific service to a customer that involves the transfer of physical or electronic funds of AUD 10,000 or more.
- Conduct risk-based ongoing customer due diligence (OCDD) on ANZ customers.
- Responsible for identifying fraud-related activity that should be reported to AUSTRAC.
- Contributing to risk assessments to identify opportunities for improvement, and red flags.
- Assisting with evaluating existing controls and procedures, and recommending enhancements to minimize the risk of AML and CTF.
- Providing AML-related training to employees to enhance their understanding of compliance requirements and procedures.
- Performed enhanced due diligence (EDD) on high-risk customers, including politically exposed persons (PEPs) and those from high-risk jurisdictions
- Coordinating stakeholder inquiries and following up with stakeholders to ensure assessments and actions are adequately completed.
- Watch List Management (WLM) – new and existing customers on a risk-to-watch list database containing individuals and entities with increased ML/TF risk and a PEP index with high risk.
- Built a Transaction Monitoring System (TMS) to identify and protect ANZ from transactions that could potentially be linked to money laundering and terrorist activity.
- Handling CDD's onboarding clients for corporate and financial institutions.
Reviewing accounts of corporate and institutional clients of ANZ, and ensuring adherence to internal CDD standards. - Responsible for reviewing cases triggered under strict Service Level Agreement (SLA) on various alerts, such as NTB (New to Bank) customers, periodic reviews, TM alerts, SMR alerts, charity, and KYC responses received from the customer.
Analyst
Magna InfoTech Pvt Ltd
Bengaluru
06.2011 - 09.2013
Education
Bachelor of Commerce - Accounts
Bangalore University
Bangalore06.2010
Skills
- Scenario planning
- Business intelligence
- Tech-Savvy
- Business acumen
- UAT testing
- Sprint planning
- User story creation
- Stakeholder management
- Tableau and Power BI
- Agile methodologies
- Software development life cycle
- SQL proficiency
- Requirements gathering
- JIRA
- Scrum
Certification
- ACAMS Certificate of Achievement in Fighting Modern Slavery and Human Trafficking
- UNODC Certificate of Completion in Advance Anti-Corruption: Prevention of Corruption
- UNODC Certificate of Completion in Understanding Transactional Organized Crime
- Business Analytics in R Programming language in Pro School
- Certification of Completion Oracle Database in Udemy
- Certification of Completion Introduction to Python in Great Learning
- Certification of Completion Statistical Learning for Python in Great Learning
- Certification of completion Google Data Analytics from Coursera.
- Certification of completion Financial Crime Investigation from Griffith University.
- Certified Business Analyst Professional from TrainSmart Academy
Hobbies and Interests
- Community helper and active participant in charity programs
- Organizing wheelchair Cricket match across Cities
Languages
- Kannada
- English
- Telugu
Timeline
Financial Crime Operations Senior Analyst
CBA Services Private Limited
02.2023 - Current
Senior Analyst
Societe General Global Solution Centre
04.2022 - 02.2023
Financial Crime Specialist
Australia And New Zealand Banking Group
09.2013 - 04.2022
Analyst
Magna InfoTech Pvt Ltd
06.2011 - 09.2013
Bachelor of Commerce - Accounts
Bangalore University
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