JM Shubham
Sagar
Summary
Meticulous KYC AML analyst with over 3.1 years of experience in consistent application of local and global KYC policies and procedures, aimed at assuring compliance with relevant money-laundering regulations. Maintained detailed tracking of KYC file status and other customer record activities to ensure completion within the required time frames. Highly knowledgeable in the field of Know Your Customer (KYC) regulations,Anti-Money Laundering (AML), SAR's and sanction screening procedures . Previous experience includes ensuring compliance with global regulatory requirements, conducting thorough customer due diligence, and managing risks associated with financial transactions.
Overview
3
3
years of professional experience
Work History
Associate Advisor
Datamatics Global Service Ltd
Bengaluru
04.2022 - 09.2022
- Calculating the Financial Crime Risk Rating (Low, Medium, and High) of all clients based on their nature of business, country of incorporation, primary business operation locations, level of accountability, and type of products.
- Reviewing different types of clients, such as corporate entities, trusts, estates, not-for-profit organizations, governments, institutions, and funds.
- Identify the negative news, PEP, sanctions, and high-risk indicators on customers and connected parties, discount the false positive hits, investigate true positive hits, and escalate material hits to HRR (Higher Risk Review) and AFC (Anti-Financial Crime) teams to determine the course of action and research further if necessary.
- Required to collect related documents from an ACO (Accountable Client Owner). Confirmation from an ACO is mandatory.
- Focusing on clients' corporate actions and material changes. Ensuring compliance with all AML laws, regulations, guidelines, and written procedures; OFAC, CIP, KYC, and customer/transaction monitoring.
- Collected and documented data, including SAR history, KYC information, and transaction data.
- Compiling accurate and up-to-date data on customers for compliance reasons.
- Contract-based work.
KYC Analyst
Momenta Resourcing India Private Ltd
Bengaluru
10.2021 - 01.2022
- Reviewed and verified customer identification documents effectively.
- Identified potential red flags in client profiles during reviews.
- Maintained accurate records of customer due diligence activities.
- Managed ongoing monitoring of customer accounts for suspicious activity.
- Reviewed customer documents and information to ensure compliance with KYC regulations.
- Verified customer identity using public records, financial databases, and other resources.
- Ensured that all AML and KYC policies are properly implemented across the organization.
- Analyzed customer data to identify suspicious activity or potential money laundering schemes.
- Participated in regular training sessions to stay up-to-date on industry trends.
- Requested financial documents from customers.
Senior Process Executive
Infosys BPM Ltd
Bengaluru
05.2019 - 10.2021
- Perform Know Your Customer (KYC) due diligence reviews on a diverse range of institutional customers, ensuring the Bank's KYC and classification procedures are made in strict accordance with the Regulatory Compliance requirements, and internal policies.
- Compiling accurate and up-to-date data on customers for compliance reasons.
- Identify the negative news, PEP, and sanctions.
- Focusing on clients' corporate actions and material changes.
- Working on KYC and AML checks for all corporate, commercial, and retail banking customers.
- Reviewing different types of clients, such as corporate entities, trusts, estates, non-profit organizations, governments, institutions, and funds.
- Performing CIP, CDD, and EDD procedures for new and existing customers.
- Collected and examined financial statements and documents to assist in identifying unusual transaction patterns. Conducted due diligence searches in various third-party and internal databases.
- Tools used to do screening are Equifax, Kritik, Lexis Diligence, and RDC Regulatory Data Corp.
- Analyzed customer data to identify suspicious activity or potential money laundering schemes.
- Monitored accounts for changes in activity that could indicate fraud or suspicious behavior.
- Assisted in training new team members on KYC procedures.
- Assisted in the investigation of fraudulent transactions and related activities
- Developed automated processes to improve efficiency of AML and Sanctions Screening operations.
Education
MBA -
Poornaprajna Institute of management
08.2018
B.COM -
Gov. Degree First Grade College
06.2016
PUC -
Karnataka State Pre-University Board
03.2013
SSLC -
Karnataka Secondary Education Examination Board
04.2011
Skills
- Sanction screening
- Transaction Monitoring
- KYC Verification
- On-boarding & Periodic Review
- SAR's report
- Risk Assessment
- Documentation Review
- High risk account reviews
- Admin tool/work portal
- Lexis Nexis & Diligence
- Regulatory Data Corp(RDC)
- Equifax
- negative news screening
- Enhanced due diligence
- AML compliance
- Client onboarding
- Continuous monitoring
Personal Information
- Date of Birth: 12/07/95
- Nationality: Indian
Languages
- Kannada
- English
- Hindi
Awards
- I Star Award: provided maximum effort & support to retain and stabilize the new client of Infosys Bangalore.
- Key member in Pilot batch.
- Awarded four times for star of the month and Individual Extra miller for productivity and maintaining quality.
- Awarded six times Ramp Award consistently for every quarter.
- Awarded Rising star as process analyst.
- Recognized and Awarded as 'GO That Extra Mile'.
Hobbies and Interests
- Trekking
- Adventurous Riding
- Exploring the places
- Reading mythological book
Disclaimer
I here, by declare that all the details given above are true to the best of my knowledge.
Place Of Declaration
Bangalore
Internship
Bank Executive, Gangolli Town souharda Co-operative Ltd, 12/22/17, 01/31/18, Certified that this project report titled 'A STUDY ON FINANCIAL PERFORMANCE ANALYSIS OF GANGULI TOWN SOUHARDA CO-OPERATIVE LIMITED' is a bonafide work of mine, who carried out 4-week project work under the Bank manager's/Executive's supervision.
Timeline
Associate Advisor
Datamatics Global Service Ltd
04.2022 - 09.2022
KYC Analyst
Momenta Resourcing India Private Ltd
10.2021 - 01.2022
Senior Process Executive
Infosys BPM Ltd
05.2019 - 10.2021
MBA -
Poornaprajna Institute of management
B.COM -
Gov. Degree First Grade College
PUC -
Karnataka State Pre-University Board
SSLC -
Karnataka Secondary Education Examination Board
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