Madivalayya Hiremath

experience in Trade transactions and cash payments for sanction screening, Reviewing all cross-border trade and cash payments through AML checks in real time environment. We use Fircosoft application to review all customer payment instructions against sanctions. I am familiar with Swift messages like MT103/202/202Cov/99 etc. Inward and outward payment processing, cut offs, Nostro/ Vostro account, sanctions screening, watch list and regulatories like OFAC, HMT, BIS, UN, EU and SDN lists and Scenarios based cases.

Managed SharePoint corrections, quality control, and overtime reporting for RBG volumes.

Managed SharePoint Error Tracker and Compliance Ops Volume through email follow-ups, ensuring timely resolution of issues and compliance with Exco reporting requirements.

Ensure SLA abidance through proactive queue monitoring.

Proficiently managed transaction filtering and enhanced due diligence, meticulously reviewing and approving trade payments in accordance with established delivery standards and operational procedures.

Effectively manage team queries, leaves, and daily planning.

Reported quality breaches to the business quarterly and monthly, facilitating prompt corrective actions and adherence to compliance standards.

Analyse customer relationships, taking actions in line with Mashreq AML policy and best practice SOP documents.

Directly interact with the Bank's business personnel (RM's) to assist with Compliance matters and provide guidance on KYC/AML and sanctions requirements.

Provide daily productivity reports to business and management teams.

Conduct one-on-ones monthly and quarterly checkpoints with team members.

Manage leave requests and plan tasks for the day based on team availability.

Handle escalation management and transaction priority.

Coordinate with various departments, including Compliance, Payment Processing, Investigations, and Sanction Screening.

Liaise with the technology department for system enhancement needs and UAT projects.

Reviewing sanction alerts and acting as per alert narration and Maintaining various zones with respective cut-off timings.

Prioritized high-value payments and conducted thorough reviews to ensure compliance.

Regular review of standard operating procedures (SOP) and update tracker to ensure that they are up-to-date,

• Coordinating with the internal audits and ensuring that there are no audit issues within the department.

• Investigating all major discrepancies against the watch list at first level without any discrepancies.

• Ensure that all necessary training is being provided to the associates to keep them up to par with the business standards and regulations

• Assigning Work to co-workers, track and get it cleared, analyze of volume trend, and send it on a hourly basis to higher management, Hourly productivity update.

Working with Transaction Filtering & Enhanced Due Diligence, Review &

Approve Trade Payments within the established delivery standards with

agreed operational procedures.

Utilizing advanced tools such as Fircosoft MB Trade Screening, Flex cube, BPM, GTS Matrix, IBPS, and various internal name screening applications to streamline and enhance operational processes.

Conducted EDD reviews on high-risk clients, re-risk rated clients based on transactional activities, and made compliance determinations on negative news alerts to mitigate risks.

Monitored trade activities to identify and prevent unusual transactions within the system.

Performing Sanction Screening for all the customer's trade related

documents such as Invoices, Bill of Lading or Transport Documents,

Custom Copies and All trade related documents.

Identifying Commodities being traded that do not match the business

involved.

Evaluating unusual shipping routes or transhipment points, Under/Over

Invoicing.

Preparing MIS reports with regards to the volumes processed, errors and

referrals.

Supporting Projects and Initiatives with UAT Team apart from BAU

Process enhancements.

Coordinated closely with RBG & CIBG clients (RMs) to ensure timely decision-making on trade payments.

Seeking updates from HO Compliance Teams with regards to the

Sanction Screening.

• Fraud investigation projects involving cases related to FCPA, UKBA, Fraud Risk Management, email monitoring, financial statement analysis, etc.

Led transaction monitoring and sanction screening project for global banking institution, involving screening, identifying and adding exemptions to minimize false positives, defining scenarios for transaction monitoring, and establishing thresholds for optimal hits and continuous account monitoring. Prepared process and QA guidelines and conducted final handover to client.

Setting up Trade Based Money Laundering (TBML) and transaction monitoring process using defined SOP and QA framework for the process.

Created and conducted peer reviews on Client Background Check (CBC) reports to ensure thorough due diligence and accurate source of wealth assessments.

● Assisted with setting up QA and Risk framework for multiple projects; defined risk parameters, process inefficiencies and corrective measures along with reporting format during setting up of risk control procedure.

Conduct initial research for new proposals related to AML Transaction Monitoring and Sanctions projects, provided process gap analysis and process development ideas for internal and external teams in multiple locations and projects.

Performed KYC for all corporate clients to meet regulatory & other

internal KYC requirements.

Performed Screenings & KYC Process for all New & Existing Clients. Due

Diligence Procedures including the Review of Client Documents & various

sources.

Collected information from Primary Sources & Chamber of Commerce of

different countries.

I was accountable for Independent Due Diligence & Successful Onboarding

of new clients in a high quality & timely manner and also

ensuring compliance AML/KYC policies.

Conducted adverse information screening for clients utilizing various applications.

Familiar with the applications of the KYC & Screening Process - Prime,

World Check, Bloomberg and AML Watch List