Madhumita Banik
Senior Analyst
Bangalore
Summary
Dynamic Senior Analyst with HSBC, adept at enhancing operational efficiency and driving compliance through advanced data analytics and effective communication. Proven track record in closing high-value deals and mentoring junior analysts. Skilled in due diligence and problem-solving, with a focus on automating processes to achieve significant time savings.
Overview
12
12
years of professional experience
Work History
Senior Analyst - Investment Banking
HSBC
04.2024 - Current
- Improved operational efficiency by implementing new technologies for trade execution, order management, and data analytics.
- Enhanced team productivity with streamlined processes for data management and reporting.
- Closed high-value deals through effective presentation of proposals, pitches, and term sheets.
- Accelerated decision-making process for clients by presenting concise yet comprehensive analyses of potential investments.
- Mentored junior analysts, providing guidance on best practices in investment banking methodologies.
- Ensured timely resolution of compliance issues by effectively prioritizing workload and managing deadlines.
- Utilized advanced technology platforms for efficient detection and analysis of suspicious financial transactions, aiding in the prevention of potential criminal activities.
- Identified potential financial crimes by diligently monitoring transactions for suspicious activity.
- Provided expert guidance on AML regulations, keeping team members informed of relevant updates and changes.
- Actively contributed to the continuous improvement initiatives within the organization related to AML/transaction screening.
- Leveraged data analytics tools to identify patterns and trends in transaction activity, supporting proactive decisionmaking.
- Conducted comprehensive investigations on flagged transactions, minimizing potential legal and reputational risks.
- Mentored junior analysts, fostering a supportive learning environment that cultivated their professional growth.
- Streamlined transaction screening processes by implementing automated tools and systems.
- Improved emergency resolution processes to save time.
Trade Finance Compliance Analyst
HSBC
04.2020 - 03.2024
- Enhanced team collaboration by providing clear communication of complex findings through visualizations and reports.
- Collaborated with cross-functional teams to identify opportunities for process improvement and increased efficiency.
- Improved internal knowledge sharing by developing comprehensive documentation outlining standard operating procedures for various tasks.
- Increased efficiency by streamlining data analysis processes and implementing automation tools.
- Spearheaded initiatives aimed at automating manual processes within the trade finance function, resulting in significant time savings and cost reductions.
- Reduced risk exposure by conducting thorough due diligence on clients and transactions.
- Identified areas for improvement in existing controls, implementing corrective measures that increased overall effectiveness in the management of risks related to trade finance activities.
- Improved transaction monitoring systems by incorporating advanced technology solutions, increasing accuracy in identifying potential red flags.
- Optimized sanctions screening processes, enhancing the organization''s ability to mitigate potential risks associated with sanctioned entities or countries.
- Enhanced trade finance compliance by developing and implementing robust policies and procedures.
- Developed comprehensive training programs for new hires, strengthening the organization''s overall compliance culture.
- Streamlined processes for import/export documentation, improving efficiency in the trade finance department.
- Handled export and import authorizations, permits and certifications.
KYC Analyst
HSBC
01.2016 - 03.2020
- Supported KYC processes for prospective and existing customers.
- Ensured compliance with regulatory requirements by conducting thorough customer due diligence checks.
- Adjusted end-to-end KYC process needs to align with workforce capabilities.
- Identified potential risks and red flags through comprehensive customer risk assessments, mitigating potential financial losses.
- Reduced the risk of money laundering and terrorist financing by implementing robust KYC policies and procedures.
- Reviewed new prospect KYC documents to meet requirements and determine business model risk.
- Performed periodic reviews and reports on merchants to comply with rules, regulations and KYC requirements.
- Managed a high volume of client data, maintaining strict confidentiality and adhering to internal policies for information handling.
- Determined customer risk ratings based on analysis and research findings.
- Prevented account closures or penalties with prompt resolution of outstanding KYC issues for high-risk clients.
- Analyzed and investigated clients to conduct detailed customer due diligence and enhanced due diligence review.
- Provided training to new team members on KYC procedures, resulting in increased productivity and effectiveness.
- Performed quality assurance checks on completed customer files, ensuring accuracy and completeness before submission for review or approval.
- Conducted KYC formality reports on questionable accounts and transactions.
- Collaborated with cross-functional teams to ensure alignment of KYC processes across the organization.
- Coordinated ongoing monitoring efforts for high-risk accounts by tracking changes in customers'' profiles and transaction patterns.
- Prepared high-risk reviews with results and recommendations for customer onboarding, closure and retention.
- Assisted in the development of new KYC-related tools and systems, contributing to a more efficient and effective AML program.
- Enhanced client onboarding process by streamlining KYC procedures and reducing turnaround time.
- Conducted thorough reviews for high risk clients based on stratified risk level guidelines.
- Contributed to successful external reviews, demonstrating effective implementation of KYC standards within the organization.
- Supported AML investigations by providing accurate and timely information on customers'' financial activities.
- Educated staff on anti-money laundering and financial crimes to escalate concerns to senior members of PSR team.
Trade Finance Officer - Global Trade Services
Deutsche Bank
03.2014 - 10.2015
- Ensured compliance with regulatory requirements, leading to a reduction in audit findings and penalties.
- Spearheaded initiatives to streamline communication between internal departments involved in global trade services, fostering greater collaboration across teams.
- Collaborated with cross-functional teams to develop customized trade financing solutions for clients.
- Provided guidance on structuring complex deals involving multiple currencies or jurisdictions, helping clients navigate international trade complexities.
- Streamlined trade finance processes by implementing automated systems and reducing manual tasks.
- Developed strong relationships with correspondent banks, facilitating smoother transaction processing.
- Expedited the release of goods through efficient coordination with shipping companies and customs authorities.
- Managed risk exposure by conducting thorough due diligence on clients and transactions.
Education
No Degree -
Raman School of Advanced Education
Visakhapatnam India Associate of Arts -
Dr VS Krishna Govt College
Visakhapatnam India Bachelor of Arts - Economics
AVN COLLEGE
Visakhapatnam India 04.2009
Skills
Microsoft Excel
Timeline
Senior Analyst - Investment Banking
HSBC
04.2024 - Current
Trade Finance Compliance Analyst
HSBC
04.2020 - 03.2024
KYC Analyst
HSBC
01.2016 - 03.2020
Trade Finance Officer - Global Trade Services
Deutsche Bank
03.2014 - 10.2015
No Degree -
Raman School of Advanced Education
Associate of Arts -
Dr VS Krishna Govt College
Bachelor of Arts - Economics
AVN COLLEGE