M K CHETAN
AML KYC Associate
Summary
Analytical and innovative AML/KYC Associate with 13+ years of experience in Investment Banking and Retail Banking Industry. Skilled at supporting business by providing creative compliance solutions. AML Compliance focused with good exposure to management of suspicious activities and proven expertise in determining & documenting Risk Management Procedures.
Overview
13
13
years of professional experience
5
5
years of post-secondary education
1
1
Certification
Work History
Associate - Manager
JP Morgan Chase & Co
11.2017 - Current
- Performing Quality Checks for New on-boarding /Regular Renewal clients of various customer types such as Foreign Correspondent banks, Corporate, Banks, Financial Institutions, Government, Foundations, Trust and Individuals to ensure documents are in line with standards of AML/KYC procedure and other local law and regulatory requirements across globe.
- Act as a Quality Checker for the KYC Profiles and provides feedback to maker teams on the profile i.e., identifying errors and regulatory documentations miss.
- Perform Event Driven reviews of the clients whenever there is significant Changes in the Ownership, Board Members or any changes which may change the Risk assessment of the client.
- Ensuring all regulatory requirements are met and integrity of relevant documentation for clients on basis of their risk assessment.
- Reviewing Customers transactions and matching them against customer's Activities, risk profile and usual transaction pattern through Account Activity Reports.
- Reporting suspicious activities, Compliance violations, Regulatory breach and Red Flags to the concerned team for further investigation. And documenting the latest violation reports and sharing with the team for future references.
- Mentoring new team members and sharing new Regulatory guidelines with the team with relation to compliance related topics, policies, or procedures.
- Led team meetings regularly to discuss progress updates, identify challenges or roadblocks, and provide guidance towards successful project completion and updating on the new Compliance guidelines and procedures.
- Performing Due Diligence & Enhanced due Diligence of client records which includes(verification of CIP, Ownership, Related Parties of client i.e., Beneficial owners, Board Members, Account Transactions, PEP Screening, Sanction alerts, Negative alerts, Product Due Diligence and Account Due Diligence)
- MIFID Classifications and assessing other constitutional documents to ascertain Risk associated with client so that appropriate client classifications are assigned for client based on their credit worthiness.
- Advising on documentation requirements to stakeholders. Record findings and provide support to enrich each AML/KYC due diligence case.
- Act as subject matter expert (SME) and giving new updates related to AML/KYC policies to team and other stake holders.
- Established strong relationships with key stakeholders, fostering collaboration and mutual support.
- Collaborated closely with senior management on strategic planning efforts, aligning departmental goals with overarching company objectives.
- Preparing Reports and sharing with stake holders on the progression of the Audit trails and latest guidelines implemented.
- Sharing Production report to the management on a regular basis to track the teams efficiency.
Process Supervisor
DBOI Global Services Private Ltd (Deutsche Bank)
01.2012 - 11.2017
- Performing End to End Customer Due Diligence & Enhanced due Diligence of client records.
- Performing Quality Check of all client files, assigning risk rating
for clients, performing enhanced due diligence and MIS reporting. - Reporting suspicious activities and Red Flags to the concerned team for further investigation.
- Perform Screening for Clients and its related parties to identify alerts like PEPs, OFAC Sanctions and any other Negative news related issues and liaising with the Business and Compliance for the Risk mitigation.
- Conducting Process related training and knowledge sharing sessions with team for new updates received through policy and compliance.
- Make sound and decisive decisions which are clearly articulated and documented within relevant case systems.
- Collaborate with teams to ensure appropriate communication and change management for system roll-out Communicating effectively with Business, Compliance and with other teams regarding KYC documentation and responding to ad-hoc queries in this regard.
- Managed AML/KYC review Team which worked for completing Dubai KYC requirements. Supported DB AG DIFC centre for completing Remediation project from Dubai Work location.
- Escalate cases in instances where Money laundering risks are identified.
Operations Trainee
ING Vysya Bank Limited
12.2010 - 12.2011
- Performing KYC Due Diligence Checks for Account Opening which includes Savings and Current Account of the individuals.
- Responsible for analysis of quality in various division of Bank departments and also handled Quality analysis of Account opening forms.
- Communicated with Branch people for queries relating to Documents provided and documents required.
Education
Master of Business Administration -
RNS Institute of Technology
Bangalore 09.2008 - 08.2010
Bachelor of Commerce - Finance
MES College
Bangalore 07.2005 - 07.2008
Skills
Anti Money laundering (AML)
Know Your Customer (KYC)
Transaction Monitoring
Risk Assessment
Customer Due Diligence
Investment Banking
Change Management
Team Building & Development
Screening - PEP, Sanctions, Negative Media, Red Flags, OFAC
Additional Information
Projects Handled: Job Description: (DEUTSCHE Bank - Dubai Remediation Team: June 2016 – Nov 2017)
- Successfully Implemented New process/project in the New location. Overlooked End to End Implementation of process with adhere to the Local Regulatory guidelines.
- Provided end-to-end project management activities including detailed resource forecasting, identify early warning indicators, and propose solutions.
- Conducting Process related training and knowledge sharing sessions with team for new updates received through policy and compliance teams. And training New recruits.
- Review the Client records to match the DFSA Regulatory requirements, the DFSA being the stricter regulator when compared to global regulators, requires entities to be reviewed with a drill down of 5% or more ownership irrespective of client type (Regulated, listed, Partly/fully Government Owned).
- The implementation of process controls in line with Local AML/KYC regulatory guidelines.
- Performing End to End KYC/AML Checks for all types of entities irrespective of business line they are in.
- Perform Screening for Clients and its related parties to identify alerts like PEPs, OFAC Sanctions and any other Negative news related issues and liaising with the Business and Compliance for the Risk mitigation.
- Communicate with the department heads of prospective Clients to update them about the changes in the policies and regulations of the U.A.E.
- · To review and monitor all the Sanction alerts based on their existence and revenue Generation
Certification
Certified Scrum Master
Timeline
Certified Scrum Master
07-2023
Associate - Manager
JP Morgan Chase & Co
11.2017 - Current
Process Supervisor
DBOI Global Services Private Ltd (Deutsche Bank)
01.2012 - 11.2017
Operations Trainee
ING Vysya Bank Limited
12.2010 - 12.2011
Master of Business Administration -
RNS Institute of Technology
09.2008 - 08.2010
Bachelor of Commerce - Finance
MES College
07.2005 - 07.2008