NAGARAJU GANGADHARI

• Working as Manager I and playing a vital role in the process activities

AML Advisory to Trade Business

• Performing as Trade AML Advisor ( Level 2) - Review/ Assess / Approve Trade AML risk events referred by Trade Operation based on defined red flags for 05 Countries including any unusual transaction
• Ensure seamless flow of Trade transactions referred to AML queue by partnering with Processing hub, Business & Country FCC Team
• Investigating on unusual Trade transaction or potential matches as per AML red Flag Document, High Risk Goods, Dual usage goods, politically exposed persons, and negative media lists
• Investigation on the line of business of involved parties, pricing of the goods & tracking the shipment
• Perform trend analysis study on historical data based on client, market, product, Shipment pattern
• Filing Internal Reports on the Suspicious Transactions
• Facilitate daily meeting, periodic training to evening shift analysts and team members in team on AML Policy/ Procedures & discuss on revised updates
• Active participation in periodic review of AML policy and procedures
• Periodic review/ update of Document procedure and Service Level Agreement

KEY ACHIVEMETNS

• Filed 53 Internal Report to Country GFCC
• Identified potential areas of compliance vulnerability and risk and develops/ implement improved plans and guidance agreed to key business stakeholders
• Designed / Implement of Standard template for ‘Defence and dual use goods’ – escalation & documentation
• In 2023 conducted 42 hrs sessions with Trade operation at Bangalore/Mumbai on Trade based money laundering and guidance to identify potential trigger and escalation

• Document checker and Authorizer- As a single checker under limits
• Proficient in commodity Traders & Agribusiness (CTA) letter of credit handling
• Compliance check as per international standards
• Handling commodity and Oil LCs

• Reviewing and Examining the Documents (Import & Export) presented under Letter of Credit as per UCP and ISBP
• Doing single read document checking for Imports
• Handling discrepant documents as per procedure
• Manage and ensure compliance with internal policies and audit and regulatory requirements
• Ensure the provision of adequate and efficient processing services pertaining to Clients, resolving their queries/ problems and thereby help them serve their respective external customers in a more efficient manner

• Trade Finance Management: Document Checking
• Examining the Documents presented under Letter of Credit as per UCP and ISBP
• Handling discrepant documents as per procedure
• Handling Advising/Issuance of Letter of Credit
• Verify terms of credit, such as amount, insurance coverage, and shipping conditions to determine compliance with established standards
• In case of Export documents ensure customer instructions are strictly adhered including financing request, if any
• Assist Compliance team in maintaining OFAC and Sanctions screening procedures
• Assist with reviewing OFAC alerts and hit on Screening System

Export L/C Advising

• Export Letter of Credit – LC & Amendments, Confirmations
• Advising of Export L/C's to Beneficiaries or through second Advising banks after checking the integrity of the L/C terms and conditions with UCP600, ISBP681, Bank's policies and procedures and the credit terms, and obtaining required approvals (if any)
• Suggesting Amendments to Letter of Credit wherever it is necessary
• Assist Compliance team in maintaining OFAC and Sanctions screening procedures
• Assist with reviewing OFAC alerts and hit on Screening System
• Project handling for improvement of process
• Monitoring and controlling the assignments and sending status reports to LOB
• Timely submission of Operations Review, Conduct audits & share feedback with team members
• Accounts Receivables (LOCKBOX):(Oct 2005 to July 2009)
• Reconciliation and Analysis of the business accounts
• Reviews invoices and cheques requests and sorts and matches invoices and cheques
• Establishing quality checks & escalations, errors recurrence monitoring
• Timely submission of Operations Review

• Maintaining manual and computerized form of Accounts (Tally 7.2 - Online)
• Handling day-to-day bank receipts & payment
• Experience in Reconciliation of Inventory funding taken from major financial institution and bank reconciliation