KOMPELLA PRABHU

Quality check & Investigation of unusual transactions at second level with respect to Level 2 UK & Germany (Non-Corresponding Banking)

Handling a team size 10 as a part of QC Team Management. Ensure that each member of the team is aware of his/her performance at any given time as well as the development and execution of action plans aimed at improving Investigator performance when needed.

Escalate cases in a timely manner so that SAR filing at the other end is not delayed and regulatory requirement is met.

QC accreditation for analysts & Error analysis sessions to address common errors and providing constructive feedback to improve quality scores.

Work Allocation for the entire QC team and assigning them respective queues to respective queues.

Effectively contributed towards the implementation of false positive reduction initiatives

Assisting in the development and implementation of improvement plans with quality assurance personnel

Case support system for the cases generated through detection scenarios and mitigate and the risk associated on the triggered cases.

Closing the case in Assess and Analyze Phrase by following the AAA process flow ( Line of Defense’s)

Mitigate the risk by Building client relationships, business development and managing large and medium scale AML, KYC, CDD, cases pertaining to transaction monitoring.

Operating within agreed business SLAs and confidentiality standards

Conducting of analyses to review the effectiveness of rules and support the AML SME in the team.

Handling a team size of 10 as a part of QC for the closed cases at Analyze phase

Conducts complete and thorough investigation of assigned AML cases (Alerts) through various internal and external source systems.

Arrange weekly, bi-weekly, monthly, quarterly, and annual reports of Detection Scenarios like Round Dollar Transaction, Potential Structuring, and Cash in wire out.

Case preparation for customer linked accounts and analyzing the pattern of transactions in alerted customer profile and getting a holistic idea on the case whether to close or escalate.

Conducted research on the company’s sites, regulators, registrars, exchanges etc. and reaching out to business for missing and additional documents to ensure all information on profile is complete and accurate.

Monitoring the transactions pertaining to HUB transactions- (customer self-owned Over-seas accounts)

Processing the CIIOM alerts – detection scenarios pertaining to (UK C DOT)

Following the Trade Base Money Laundering (TBML) techniques while settling the outward payments.

Scrutinizing the Letter of Credit (L/C) documents and other Trade Documents pertaining to Import and Exports.

Settling Advance Payments/Direct Import Payments/Outward remittance/Import Bills for collection- realization and Export bill for collection- realization.(Scrutinizer/Transaction Verifier Role)

Authorizing all Cash transactions and Fund Transfers (RTGS/NEFT).

Handled IAD Audit and Concurrent Audit with Outstanding performance with a key role in the major part like Deliverables, Cash& Front Desk.

Ensuring complete adherence of defined processes, KYC guidelines and sharing the findings with Process Managers