Nagaraj Sivaji
Chennai
Summary
Dynamic professional with extensive experience in KYC compliance and risk assessment at Barclays Shared Services. Proven track record in enhancing due diligence processes and ensuring regulatory adherence. Adept at data analysis and stakeholder engagement, driving quality control initiatives that significantly mitigate risks and improve operational efficiency.
Overview
16
16
years of professional experience
Work History
Assistant Manager
Barclays Shared Services (P) Ltd
Chennai
10.2022 - Current
- Company Overview: Barclays plc is a British multinational investment bank and financial services company, headquartered in London. Apart from investment banking, Barclays is organised into four core businesses: personal banking, corporate banking, wealth management, and investment management.
- Responsible for conducting meticulous KYC and Due Diligence processes for Global Corporate clients, ensuring strict adherence to AML regulations.
- Proficient in analyzing intricate ownership structures and assessing associated risks using specialized tools such as MOODYS, ALACRA, LEXIS NEXIS and WORLD CHECK.
- Performing KYC-customer Due Diligence & Enhanced Due Diligence for on boarding Global Corporate clients / Individuals and Periodic refresh for on boarded clients for various Jurisdictions.
- Supporting KYC requirements for Global Banking & Markets for new clients across multiple business lines, ensuring AML Regulations and Barclays policies & procedures are maintained and adhered.
- Analyzing, Identifying & Verifying the complex ownership structure (more than 3 layers) and creating the structure chart as per the requirement.
- Thorough understanding of legal structures of Corporate Entities and dealing with various client types: Private/Unregulated companies, Regulated companies, Listed corporate, Cell companies, Partnership, Charities/Association, Trust, Funds, Foundations etc.
- Scrutinizing the Source of Funds, Source of Wealth, Nature of Business, Product and Identifying the Risk Associated with it.
- Ensuring that the Entity is not part of Sanctioned Countries List and not Dealing\Invests\Domiciled\Controlling from Sanction Country & also verifying the Cross-Border transactions.
- Performing the CDD & EDD and marking the corporate KYC account as High Risk/Increased Risk/Standard Risk based on various factors and preparing the CDD checklists and MIS reports.
- Performing independent research in World Check, Delta List Search, Google Search for PEP Links and adverse news.
- Applications Used: Skilled in working on applications like MOODYS, ALACRA, LEXIS NEXIS & WORLD CHECK for performing searches to pull the negative and relevant information of the client.
- Barclays plc is a British multinational investment bank and financial services company, headquartered in London. Apart from investment banking, Barclays is organised into four core businesses: personal banking, corporate banking, wealth management, and investment management.
Senior Specialist- Quality Control Outcome (QCO)
Standard Chartered Global Business Services Pvt Ltd
Chennai
04.2020 - 10.2022
- Ensure to give prime importance to quality of case review/ articulation and sharing the best practice, complex cases and case studies through regular connects with surveillance Academy and through internal calibration sessions.
- Managing individually and performing quality control process to address the risk if any.
- Discussing with the investigative teams to highlighted identified exceptions.
- Advise the team on the trends/pattern followed in the case review and help them in mitigating the risk.
- Responsible for identifying the gaps which related to the process and provided the feedback to the functions to deliver the work with quality as focus point.
- QC outcome includes supervisory checks to be performed/ shared with senior management.
- Informing senior management and relevant regulators of serious regulatory breach and ensure actions are taken quickly to remediate and/or activities are ceases.
- Participating in weekly/bi-weekly/ monthly business meeting as required and provident update on the QCO results as required to the forum.
Specialist- Quality Control outcome (QCO)
Standard Chartered Global Business Services Pvt Ltd
Chennai
06.2017 - 03.2020
Analyst- Transaction Monitoring Singapore Team
Standard Chartered Global Business Services Pvt Ltd
Chennai
10.2015 - 05.2017
- Responsible for conducting due-diligence to identify business risks and devising measures to mitigate them across the Financial Crime Compliance domain for the bank at multiple locations.
- Monitoring the transactions, identifying and reporting transactions of unusual nature and escalating the same for further investigations and to identify and review potential customer risk.
Barclays Shared Services (P) Ltd
Chennai
08.2011 - 10.2015
- Responsible to ensure all new client relationship have undergone the appropriate client identification screening prior to opening a new account and entering into trading and loan transactions via Global Account System (GAOS).
- Project Description: Application processing is responsible for the setting up of all sterling (UK) merchant accounts across GPA commercial. Our key stakeholders are Sales, who range from selling via direct sales telephony to small independent traders, up to our large corporate accounts.
Research Analyst
Board Ex India (P) Ltd
Chennai
03.2009 - 08.2011
- Analyzed the Annual Reports and Balance Sheet of the Companies for information.(i.e. Revenue comparisons & Growth Analysis, Profit &Losses)
- Researched about the Remunerations of the Companies(i.e., Compensation in terms of Shares, Options, Annual Retainers and other fees)
- Looked out for the Mergers/Acquisitions and other Corporate Actions occurred in the Companies.
- Analyzed the International standards and growth of companies based on their financial status, market capitalization and other related financial information.
Education
Master of Business Administration - Finance & Marketing
Vel SRS High Tech EnggCollege
Avadi, Chennai01-2008
Bachelor of Commerce - Computer Application
PVP Arts & Science College
Dindigul01-2006
HSC -
D.H.S School
Dindigul01-2003
Skills
- KYC compliance
- Due diligence
- Risk assessment
- Regulatory compliance
- Data analysis
- Transaction monitoring
- Quality control
- Client onboarding
- Stakeholder engagement
- Verbal and written communication
- Team leadership
- Adaptability and flexibility
References
Available on Request
Languages
- English
- Tamil
Personal Information
- Date of Birth: 05/11/86
- Gender: Male
- Nationality: Indian
- Marital Status: Married
Timeline
Assistant Manager
Barclays Shared Services (P) Ltd
10.2022 - Current
Senior Specialist- Quality Control Outcome (QCO)
Standard Chartered Global Business Services Pvt Ltd
04.2020 - 10.2022
Specialist- Quality Control outcome (QCO)
Standard Chartered Global Business Services Pvt Ltd
06.2017 - 03.2020
Analyst- Transaction Monitoring Singapore Team
Standard Chartered Global Business Services Pvt Ltd
10.2015 - 05.2017
Barclays Shared Services (P) Ltd
08.2011 - 10.2015
Research Analyst
Board Ex India (P) Ltd
03.2009 - 08.2011
Master of Business Administration - Finance & Marketing
Vel SRS High Tech EnggCollege
Bachelor of Commerce - Computer Application
PVP Arts & Science College
HSC -
D.H.S School
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