Summary
Overview
Work History
Skills
Timeline
Generic

Pavan Kumar Bathula

Financial Crime Compliance Lead
Ongole

Summary

Seasoned professional with a keen eye for detail, specializing in the assessment and enhancement of organizational policies and protocols. Known for a disciplined and forward-thinking mindset, consistently striving for results-driven outcomes. With over a decade of experience in corporate and banking sectors, brings a wealth of expertise to any team or project.

Overview

11
11
years of professional experience

Work History

KYC COMPLIANCE SENIOR (QUALITY CONTROL ANALYST)

PWC
Bangalore
10.2022 - Current
  • Facilitated adherence to safety and regulatory objectives and managed client-specific projects.
  • Anticipates and implements changes to the testing plans as a result of changes in the Bank's business environment including regulatory changes.
  • Perform Quality Assurance review for new onboarding, periodic reviews, ad-hoc reassessment, and FINCEN triggers.
  • Play a key role in the development and roll-out of both strategic and tactical process changes.
  • Support the development of QA processes based on the identified quality standards.
  • Maintain working knowledge of all regulatory obligations and relate them to ING policies and procedures.
  • Provide subject matter expertise to KYC functions throughout the enterprise.
  • Prepare banking policy and procedures and explained all steps to appropriate personnel.
  • Fostered valuable shareholder relationships while maintaining strong working relationship with stakeholders throughout the enterprise.

SENIOR KYC ANALYST - QUALITY ASSURANCE

EY (Commercial Bank of Dubai)
10.2021 - 10.2022
  • Investigated potential sanctions and PEP hits on underlying clients generated from automated alert software.
  • Ensured due diligence reviews are undertaken to the required quality on a timely basis.
  • Conducted due diligence inquiries on individuals, firms and organizations suspected of money laundering crimes and terrorist financing crimes, utilizing research and analysis of public records, commercial databases, global media sources, Lexis/Nexis and other third-party internet related searches.
  • Documented investigations and its results, while providing initial recommendations and dispositions with supporting reasons.
  • Performed Level II review and clearance of alerts relating to OFAC sanctioned individuals within the guidelines as defined by the client.
  • Conduct additional research using online research tools and external data sources and record results as necessary to ensure that Level I review conforms to appropriate company standards.
  • Communicate with the Level I reviewers to provide guidance for improvement of quality of their review.
  • Ensured that all potential issues or suspicious activity reports are escalated to the appropriate company/client personnel.
  • Performed transaction monitoring of alerted customers' pre-paid/credit card account activity, including review of the transactions, obtain information about necessary parties and outline the results in the Memorandum of Fact.
  • Conducted Second Level Review/Quality Assurance of analyst reports and escalated cases when necessary.
  • Prepared and written SAR narratives and filings.

KYC SENIOR SUBJECT MATTER EXPERT

Tech Mahindra
02.2020 - 04.2021
  • Coached and developed new hires.
  • Assisted with escalations.
  • Ran daily reporting.
  • End to end KYC/Periodic Review to adopt the corporate client to trade through Standard Charted bank.
  • Responsible for performing checks Name list screening (Fircosoft, Google searches Lexis-Nexis) and obtaining information of the client through Company House, Client websites, government website, etc. for getting information about client & any Money Laundering issues.
  • Handling business calls/escalations of high priority clients.
  • Research is being done on business account to identify the Nature of business (Trading Activity).
  • Check for any association with high-risk countries or people (PEP) or any adverse media news.

KYC SENIOR OFFICER

JP Morgan Chase
01.2017 - 11.2019
  • Performing transaction monitoring analysis, research and investigate the accounts of the Customers of JPMC bank for any money laundering and terrorist financing activities involved.
  • Monitoring and analyzing specific customer transactions and information in a timely manner to determine if unusual account activity done. Performed in-depth investigations, retain case documentation, and provide analysis of findings.
  • Identifying accurate risk rating for individual/non-individual accounts to highlight high risk jurisdictions, cash intensive/high risk businesses and Politically Exposed Persons (PEPs) or Relatives or Close Associates (RCAs).
  • Performing checks on all employees, consultants, vendors, contractors and third-party advisers against World Check Risk Screen, and Specially Designated Nationals List (SDN) and Blocked Persons list.
  • Reviewing system generated alerts and perform enhanced due diligence on customers to prevent the bank from being exploited by money laundering or terrorist financing activities.
  • Collaborate with a cross-functional team to obtain information regarding customer financial activity observed during an investigation.
  • Performing required KYC screenings on customers, documenting the information obtained on the client's as required by global KYC procedures.
  • Screening of negative news to determine Client Risk Profile as established under the KYC Procedure.

SENIOR KYC ANALYST

Wipro
11.2015 - 01.2017
  • Manage and Facilitate client due diligence undertake quality review of client KYC records.
  • Ensure KYC Due Diligence reviews is undertaken to the require quality and detail on a timely basis.
  • Managed the business group's Know Your Client process (KYC) and Anti-Money Laundering process (AML) in strict compliance.
  • Performing ongoing customer due diligence including maintenance and updating of AML and KYC records and information for existing clients.
  • Performed Sanctions screening and Pep's identification. Reviewed potential negative news hits across Global Client Management divisions.
  • To Understand Firm's Requirements when completing documents inclusive of Customer Identification Programmed (CIP), Enhanced Due Diligence (EDD).
  • Small part of Transaction Reporting is performed under guidelines of AML.
  • Draft detailed reviews of the investigations performed to determine action to be taken.
  • Complete KYC on boarding for new customer.

KYC ANALYST

HSBC
03.2014 - 12.2014
  • Conducted research that utilized internal and external public and private databases to compile a portfolio of information on funds transfer and or check instrument products/transactions.
  • Assisted and provided information to support Suspicious Activity Reports (SAR) or equivalent for regulatory filing.
  • Conducted enhanced due diligence research of individuals, institutions and trust through LexisNexis and other internet tools.
  • Interacted with Bank management on suspicious transactions conducted by customers.
  • Analyzed clients' database to create Customer Monitoring Report and reported to FINCEN.
  • Researched, wrote, and reviewed Suspicious Activity Reports daily while ensuring compliance with federal regulations.
  • Performed Enhanced Due Diligence on customers deemed high risk, and suggested account restrictions and/or account closures based on risk to the institution.
  • Analyzed potential Office of Foreign Assets Control (OFAC) hits to ensure transactions followed United States sanctions.
  • Researched client information via Google and LexisNexis.
  • Submitting PEPs to compliance, after been identified to be added on SDN list.
  • Reviewing and updating KYC files with missing and updated information to satisfy compliance requirements.

Skills

  • Data Analysis

  • Policy Development

  • Quality Control

  • Legal Compliance

  • Internal Policy Implementation

  • Document Control

  • Compliance Training

  • Risk Mitigation

  • Audit Documentation

Timeline

KYC COMPLIANCE SENIOR (QUALITY CONTROL ANALYST)

PWC
10.2022 - Current

SENIOR KYC ANALYST - QUALITY ASSURANCE

EY (Commercial Bank of Dubai)
10.2021 - 10.2022

KYC SENIOR SUBJECT MATTER EXPERT

Tech Mahindra
02.2020 - 04.2021

KYC SENIOR OFFICER

JP Morgan Chase
01.2017 - 11.2019

SENIOR KYC ANALYST

Wipro
11.2015 - 01.2017

KYC ANALYST

HSBC
03.2014 - 12.2014

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Pavan Kumar BathulaFinancial Crime Compliance Lead