Nitesh Chugwani
Ulhasnagar
Summary
Detail oriented Aml Compliance Analyst with 6 years of experience in investigating suspicious activities, ensuring compliance with regulations and enhancing due diligence process to mitigate financial crime risks.
Overview
6
6
years of professional experience
1
1
Certification
Work History
AML Analyst -Deputy Manager
HDFC Bank Ltd.
11.2023 - Current
- Responsible for the timely closure of AML transaction monitoring alerts as well as monitoring and investigating transactional alerts for potential money laundering risks in the bank.
- Analysing customers profile and transactions statements to identify suspicious activity based on system-generated red flags such as high cash activity (cash deposit and cash withdrawals), Transactions not in line with profile of the customer, money mule, multi-level marketing, cash activity just below reporting thresholds and many more.
- Drafting grounds of suspicion regarding the suspicious transaction patterns observed for the customers, form a money laundering perspective.
- Prioritize the drafting and reporting of suspected illicit activities such as human trafficking, terrorist financing, election fundings and many more activities to India's Financial Intelligence Unit (FIU-IND).
- Preforming enhanced due diligence on high-risk clients by web search, background screening on external applications, verifying KYC documents and physical verification of office locations with a help of branches.
KYC and AML Analyst - Senior Analyst
Eclerx
08.2022 - 11.2023
- Performing onboarding and periodic KYC of the institutional clients, screening information, AML Data etc, obtained from business team for determining client risk.
- Adding new products after ensuring all mandatory products details are in the file.
- Conducting Research on mandatory attributes as per client standards such as Legal Name, Incorporation date, Tax identification Number/Govt ID, primary business, ownership, Primary country of business operations, address registered, principal place of business, controlling parties, legal existence and including operations in sanctioned countries/high risk countries.
- Conducting the background screening on the client's name and other official names using tools such as Lexis Nexis, world check, Dow Jones, Google search, etc.
- Evaluating reviews of low/ medium/ high risk entities, from - world check- including PEP's / sanction/ Negative news/ Nature of business and other attributes checks which derives risk rating of the client and ensuring all approvals has been completed as per risk rating of clients.
- Scanning client's database to identify names/ entities that relate to any international/ Domestic PEP's or any head of international organization.
- Screening the customers and beneficiaries against PEP.
- Adjudicate the information to either exclude or escalate the alert.
- Furthermore, this role will identify and escalate any suspicious or unusual matters to Aml and Line of business.
- Monitors the transactions of customers for risk assessment and the understand the sources of funds.
- Undertaking the different AML checks and verification of customers for risk assessment & to understand the sources of funds.
Financial Analyst (KYC)
Atos Syntel and SS&C
05.2019 - 03.2022
- Performing onboarding and periodic KYC of the institutional clients, screening information, AML Data etc, obtained from business team for determining client risk.
- Adding new products after ensuring all mandatory products details are in the file.
- Conducting Research on mandatory attributes as per client standards such as Legal Name, Incorporation date, Tax identification Number/Govt ID, primary business, ownership, Primary country of business operations, address registered, principal place of business, controlling parties, legal existence and including operations in sanctioned countries/high risk countries.
- Conducting the background screening on the client's name and other official names using tools such as Lexis Nexis, world check, Dow Jones, Google search, etc.
- Evaluating reviews of low/ medium/ high risk entities, from - world check- including PEP's / sanction/ Negative news/ Nature of business and other attributes checks which derives risk rating of the client and ensuring all approvals has been completed as per risk rating of clients.
Education
Bachelor of Commerce - Accounting and Finance
Vivekanand College of Arts, Science and Commerce
Chembur01.2019
H.S.C - Commerce
R.K. Talreja College
Ulhasnagar01.2016
S.S.C -
Sindhu Vidya Niketan High School
Ulhasnagar01.2014
Skills
- Analytical skills
- Attention to Detail
- Suspicious Activity Reports
- Regulatory Knowledge
- Communication
- Ethical Conduct
- Organizing and Monitoring
Certification
Equity Derivatives (NISM), 11/01/19
Accomplishments
- Received appreciation email on successfully reporting priority suspicious activity on suspected human trafficking, probable (Public fraud), Corruption and Bribery case, election fundings and group of shell entities.
- Received appreciation awards email on successfully managed and completed periodic KYC review of more than 200 group of entities before regulatory due date.
- Received performance award for being top in 5% employees at Mumbai Location.
- Received number of times mail appreciation from manager and team leader for work accurately and efficiently.
Hobbies and Interests
- Trading in Equities Market
- Listening music
- Playing cricket
Languages
Hindi
First Language
English
Upper Intermediate
B2
Timeline
AML Analyst -Deputy Manager
HDFC Bank Ltd.
11.2023 - Current
KYC and AML Analyst - Senior Analyst
Eclerx
08.2022 - 11.2023
Financial Analyst (KYC)
Atos Syntel and SS&C
05.2019 - 03.2022
Bachelor of Commerce - Accounting and Finance
Vivekanand College of Arts, Science and Commerce
H.S.C - Commerce
R.K. Talreja College
S.S.C -
Sindhu Vidya Niketan High School