Summary
Overview
Work History
Education
Skills
Certification
Father's Name
Personal Information
Timeline
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PRAKASH S

Bangalore

Summary

Detail-oriented professional with 10 years in AML/KYC/Transaction Monitoring. Strong analytical aptitude of customer due diligence process and methodology to identify patterns and trends to communicate risks to management. Successful managing multiple competing priorities and deadlines. In-depth knowledge of the laws applicable to money laundering, to include the BSA, Profound knowledge of The Patriot Act, U.S. Treasury AML guidelines, Bank secrecy Act Sound knowledge in general accounting and critical problem solving skills Self-motivated, organized and possess the ability to work independently.

Overview

15
15
years of professional experience
1
1
Certification

Work History

Sanctions Lead Investigator 2

PayPal India Pvt Ltd
01.2019 - Current
  • Experience in AML, Risk & Compliance, Performing KYC/AML/PEP/CDD/EDD/ SAR reviews on Customers, Corporate accounts, and financial institutes using World Check, D&B, LexisNexis, Norkom, WLM (BAE), OFAC
  • Determine your PEP risks and obligations and regularly screen against PEP lists
  • Conducting ongoing monitoring of the PEP, reviewing the source of their wealth, and establishing the purpose of the account opening or transaction
  • Conduct EDD reviews on high-risk clients, re-risk rate clients based upon various transactional activities, research and make determinations for compliance on negative news alerts
  • Responsible to prepare & submit narrative summary of findings for each individual KYC review, including a detailed review of transactions
  • Conducting end-to-end meticulous reviews of cases pertaining to potential illegal activity, global watch lists, or activity in violation of the economic and trade sanctions administered by Office of Foreign Assets Control (OFAC)
  • Customer activity across multiple platforms to ensure that it falls within acceptable parameters established by governing bodies including, but not limited to the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC)
  • Compliant with Anti-Money Laundering regulations and guidelines as well as adherence and compliance standards, and obligations to the appropriate regulations, such as the Bank Secrecy and USA PATRIOT Acts, and the governing authorities
  • Completing a time-sensitive and meticulous analysis of each instance of potential Anti-Money Laundering activity and/or suspicious financial activity across multiple jurisdictions and countries
  • Regularly exercise good judgment and in making decision or recommendations in relation to case investigations
  • Monitoring customer account to avoid any fraudulent activities from happening and minimizing any potential money laundering & sanction risks
  • Conducting end-to-end meticulous reviews of cases pertaining to potential illegal activity, global watch lists, or activity in violation of the economic and trade sanctions administered by OFAC
  • Completing a time-sensitive and meticulous analysis of each instance of potential Anti-Money Laundering activity and/or suspicious financial activity across multiple jurisdictions and countries
  • Assessment of customer profiles and large amounts of data to ensure normal and expected activity, including monitoring of industry watch lists and Know Your Customer efforts
  • Apply analytic techniques to complex information sets in order to make logical and supported recommendations
  • Successfully maintained zero violations of data protection, and anti-money laundering guidelines
  • Manage the flow of day-to-day operations with 100% quality
  • Actively participated in the implementation of financial crime risk mitigation guidelines with businesses
  • Migrated transactions monitoring investigation functions and worked with Business partners in streamlining the business module and SOP
  • Responsible for training the new joiners and managing the team
  • Regularly exercise good judgement and in making decision or recommendations in relation to case investigations
  • Documenting findings in the manual and automated process case management system and prepare reports to management as required.

Team Lead Compliance for KYC process

Standard Chartered GBS Limited
02.2013 - 01.2019
  • Performing KYC checks for corporate clients as per compliance perspective and understanding the client’s risk rating as per AML policies & procedures
  • Providing proper guidance to business on the AML policies and approving them for global business lines
  • Doing Standard Due Diligence and Enhanced due diligence for the clients based on risk rating & procedures
  • Assessing regulatory risks, operational risk, country risk associated with clients & rating them as per risk matrix
  • Expert knowledge on PEP, Sanctions, Detica (Norkom) / Name screening world check, FATCA and OFAC
  • Keeping up to date knowledge on global KYC rules & policies
  • Identifying the entities Nature of business & classifying them as per the same on global risk rating applying necessary measures to control & reduce the risk in adopting a client
  • Taking risk based approach from time to time as when required and taking ownership of cases and at the same time working as a team to achieve monthly target
  • Handling all type of critical customer escalations from braches, stake holders, top management and social media.

Senior Client care executive

MPHASIS India Pvt Limited
04.2009 - 10.2012
  • Worked as a Senior Client care executive for the client State Bank of India (SBI) Phone Banking unit team
  • Handling State Bank of India (SBI) Phone banking section where customer’s calls across India related to CASA accounts, Loans & Mortgage products and solving customer’s queries, request and complaints
  • Handling Stake holder’s senior management customer escalations
  • Resolving customer’s call back requests raised related to Escalation and Retention cases
  • Giving buddy training (Side barging) for new joiners about product and process.

Education

B COM -

R C college of commerce and management Bangalore
01.2008

Skills

  • Integrity
  • Ability to interpret
  • Industry knowledge
  • Attention to details
  • Risk assessment
  • Problem solving
  • Knowledge about vulnerability
  • Critical thinking
  • Clear and effective communication

Certification

  • Power BI Master class
  • Fundamentals of Business Analysis
  • Six Sigma Certified Lean Six Sigma Green Belt
  • AML Concepts
  • AML Case Investigation Skills
  • FATF Recommendations on High Risk customers and Activities
  • Combatting Terrorist Financing

Father's Name

S Siddaraju

Personal Information

Date of Birth: 01/06/1988

Timeline

Sanctions Lead Investigator 2

PayPal India Pvt Ltd
01.2019 - Current

Team Lead Compliance for KYC process

Standard Chartered GBS Limited
02.2013 - 01.2019

Senior Client care executive

MPHASIS India Pvt Limited
04.2009 - 10.2012

B COM -

R C college of commerce and management Bangalore

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