L Kushal Murthy
Bhilai
Summary
Experienced banking specialist with expertise in AML/KYC compliance, Demat services, and core banking operations. 7+ years of experience in a leading Indian private sector bank, demonstrating proficiency in regulatory compliance, risk mitigation, and cross-functional collaboration.
Overview
8
8
years of professional experience
Work History
Anti-Money Laundering (AML) and Fraud Prevention Expertise
ICICI Bank Private Limited
04.2023 - Current
- Conduct comprehensive account and transaction analysis to detect money laundering indicators, including identifying and mitigating risks associated with MLM accounts, lottery scams, and job scams.
- Proactively investigate and evaluate alerts, ensuring efficient identification and continuous monitoring of suspicious activities and transactions.
- Proficient in utilizing SAS for alert monitoring and analysis, adhering to SOPs, regulatory compliance, and operational guidelines.
- Expert in analyzing Demat account activity to detect and mitigate money laundering risks within the depository system.
- Ensure timely and accurate reporting of suspicious transactions to the Financial Intelligence Unit.
- Maintain a comprehensive STR tracker for team members, ensuring consistent monitoring and reporting.
- Expert in filing STRs and reporting fraudulent activities.
- Supervise adherence to KYC norms and facilitate the creation of EDD files.
- Conduct thorough investigations and resolve AML and economic sanction-related alerts, promptly executing instructions from the MLRO and Financial Intelligence Unit.
- Collaborate with branch officials and Relationship Managers to gather essential information and conduct EDD, managing reports and tracking client activities based on risk profiles.
- Efficiently handle bulk closure of alerts for non-suspicious accounts.
- Monitor transactions from a fraud perspective, coordinating with the fraud team to swiftly identify and freeze suspicious accounts, particularly those involved in lottery and job scams.
- Support the implementation of new RFI rules by providing front-end application data inputs to the data warehouse team for SQL query execution.
- Lead, mentor, and monitor team performance to optimize process efficiency and accuracy.
- Foster a dynamic environment that encourages development opportunities and motivates high performance.
Banking Operations & Demat Services Professional
ICICI Bank Private Limited
07.2017 - 03.2023
- 5+ years of experience in banking operations, specializing in Demat services.
- Proven ability to spearhead operations and business initiatives, consistently achieving corporate plans and goals.
- Effective communicator and collaborator, adept at bridging the gap between product teams and operations to ensure seamless execution and alignment.
- In-depth knowledge of the end-to-end Demat account opening process, including handling demographic changes and account modifications (e.g., name changes, bank details updates).
- Demonstrated commitment to adhering to SEBI, Exchange, and Group standards, rules, and regulations.
- Maintains up-to-date knowledge of relevant compliance requirements.
- Proactively identifies and participates in the development of system-driven process improvements to enhance efficiency and accuracy.
- Proficient in preparing various MIS reports for internal use and regulatory reporting, ensuring timely and accurate data delivery.
Education
POST GRADUATE DIPLOMA IN BANKING -
Manipal Academy of Higher Education
BE - CIVIL
CSVTU
Intermediate -
CBSE
Secondary Education -
CBSE
Skills
- Customer Understanding
- Analytical Investigation Techniques
- Microsoft Office Proficiency
- Analytical Problem-Solving
Languages
Hindi
English
Key Result Areas
- Core Banking Systems Expertise: Proficient in operating core banking systems, including I-Core.
- AML/CFT/KYC Knowledge: Up-to-date knowledge of current affairs and events in Anti-Money Laundering (AML), Countering Terrorist Financing (CFT), and Know Your Customer (KYC) areas.
- Suspicious Activity Research: Conducts research on potentially unusual or suspicious transactions/activities through analysis of internal systems, AML databases, communication with bank personnel, and open-source research.
- Depository Operations: Experienced in handling centralized operations of depository core systems (NSDL/CDSL) and DP back-office systems (DP Secure).
- Operational Controls: Performed maker/checker role within the operations team, ensuring adherence to regulatory guidelines and achieving bank objectives.
- Stakeholder Management: Provides timely handling and resolution of queries from various stakeholders, including branch banking, phone banking, and ICICI Securities.
- Audit & Inspection Support: Coordinates with auditors and inspection teams for operational activities.
Additional Proficiencies And Certifications
Effective communication skills, both written and verbal, with the ability to clearly and professionally explain complex issues. Proficient in Excel for data analysis and reporting. Knowledgeable in AML/KYC regulations within the depository and securities industries. Skilled in transaction monitoring, SAR/STR writing, and fraud investigations. Holds Vskills AML-KYC Compliance Officer, NISM Series VI-A, and SEBI Investor Awareness certification.
Personal Information
- Age: 33
- Father's Name: L N Murthy
- Date of Birth: 13/06/91
- Gender: Male
- Nationality: Indian
- Marital Status: Single
Timeline
Anti-Money Laundering (AML) and Fraud Prevention Expertise
ICICI Bank Private Limited
04.2023 - Current
Banking Operations & Demat Services Professional
ICICI Bank Private Limited
07.2017 - 03.2023
POST GRADUATE DIPLOMA IN BANKING -
Manipal Academy of Higher Education
BE - CIVIL
CSVTU
Intermediate -
CBSE
Secondary Education -
CBSE
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