Manish Kumar

• Lead and manage a team of 15 associates engaged in the Anti-Money Laundering (AML) payment review process, ensuring adherence to compliance standards, and timely execution of tasks.
• Conduct regular quality reviews of team members' work to identify gaps, provide constructive feedback, and drive continuous improvement in accuracy and compliance.
• Oversee daily operations to ensure efficient workflow management, timely case handling, and alignment with service level agreements (SLAs), and internal policies.
• Collaborate cross-functionally with compliance, risk, and operations teams to support investigation processes, and ensure regulatory obligations are met.
• Provide coaching and performance management to team members, including goal-setting, performance reviews, and development planning, to enhance team capabilities.
• Monitor key performance indicators (KPIs), and prepare regular reports for senior management to highlight trends, issues, and process improvements.

Key responsibilities:

• Handling team of 14 associates as Assistant Manager.
• Developed and implemented transaction monitoring rules and scenarios to identify suspicious activity.
• Monitored customer accounts for suspicious activity and risk-rated customers based on their transaction patterns.
• Trained team members to use pivot tables, analyze & highlight patterns, to find red flags related to suspicious transactions.
• Ensure team is adhering the transaction monitoring rules & perform 6-Eye on alerts performed.
• Take sessions with the team to explain regulatory requirements, transaction monitoring rules, External research, Negative Media Search, PEP & Sanctions Screening.
• Mentored team members to enhance professional development and accountability in workplace.
• Managing Daily BAU activity, while planning successful completion of Adhoc activities.
• Developed a quality control process to ensure the accuracy of all transactions.
• Monitored and reported on key performance indicators (KPIs) to track TAT and accuracy.

● Worked as part of client assessment team – assess the risk associated with the client, prepare customer risk assessments (CRAs) & AML requirements based on the regulatory requirements.

● Assisting the client-facing team (CFT/LOB) via emails & telephonic calls to understand the AML/KYC requirements & obtain the relevant information from the Client in order to comply with the regulatory requirements.

● Acting as subject matter experts for the team to resolve their queries related to complex engagements, perform quality checks & finding the grey areas in the workflow for process improvement.

● Identifying CIP, CDD, and EDD attribute like research on the Legal name of entities, Memorandum of Association, Articles of Association, Source of revenue, Ownership of a business, etc.

● KYC Onboard & Refresh clients like corporate entities, Special purpose vehicles, Partnerships, Trusts, Funds, Private companies, Listed, Sub of listed, Regulated, etc.

● Perform Client Risk Assessments & Anti-money laundering Checks on prospective, New & continuance clients.

● Identifying risk level basis Dynamic risk rating like high, medium, or low-risk customers.

● Worked with the Global KYC Refresh and Monitoring/Inspection team in BA Continuum India Pvt. Ltd. (A non-bank subsidiary of Bank of America Corporation) for different regions (APAC, EMEA, CANADA, and the US) under different lines of business.

● Interact with the Anti-Money Laundering Compliance team concerning the determination of appropriate escalation on research and negative media and also attain approval for beneficiaries identified as PEP.

● Performing an overall risk assessment of client due diligence files based on country, nature of business, reputational, and product/services risk. Ensuring quality of KYCs done by the team with at most vigilance and providing opt feedback to team members.

● Performing screening on all the accounts regardless of risk rating, and all the negative information using, World Check, Lexis Nexis, Google, and OFAC searches.

● Working as Compliance Auditor in Customer Identification Program (CIP) of USA PATRIOT Act, under Anti Money Laundering Regulations.

● Connect with the Anti-Money Laundering Compliance team and work on all the material Hits and negative news. Further, raise it to the GFC team for approval.

● Worked as Senior team member to review the world check reviews & OFAC Sanctions hits.

● Write the reports on the identified negative news on the Individual/entity & summarized for the level 2 team assist in engaging with the client.

● Reduce risk & enable compliance via searching the customer details such as Full name, DOB & Nationality on the Lexus-Nexus tool.

• Experience in AML/KYC, transaction monitoring, and suspicious activity reporting.
• Audit the transactions for potential "structuring" and/or "layering" for money laundering.
• Also, have knowledge of dealing with cash transactions above $10,000.00 (per BSA guidelines).
• Reporting the suspicious or unusual transactions (SAR) to GFCC/Fin-CEN on the basis of the audits.
• Write the suspicious activity report based on the transactional activity of the customers, identifying red flags of money laundering and fraudulent activities.
• Keep track of customer activity, review the transactions, and identify the red flags of any fraudulent or money laundering activity.