Summary
Overview
Work History
Education
Skills
Accomplishments
Languages
Hobbies and Interests
Personal Information
Affiliations
Timeline
Generic

Praveen Kumar VM

Bangalore

Summary

Dynamic KYC Analyst with extensive experience at JP Morgan, excelling in financial crime compliance and risk assessment. Proven track record in maintaining high-quality standards and effective communication with stakeholders. Skilled in AML procedures and sanctions screening, consistently delivering results while fostering strong client relationships and ensuring regulatory compliance.

Overview

7
7
years of professional experience

Work History

KYC Analyst

JP Morgan
Bangalore
12.2022 - Current
  • Gained comprehensive knowledge and hands-on experience across all business channels of the Know Your Customer (KYC) process for the North America (NA) region.
  • Completing all cases within the Service Level Agreement (SLA) without breaches, and consistently meeting quality standards.
  • Assisted in clearing Financial Crime Investigation and Prevention (FCIP) alerts, contributing to overall team efficiency.
  • I took on functional responsibilities without the lead, ensuring seamless operations and continuity.
  • Acting as the point of contact for all the U.S. KYCs.
  • Established strong relationships with Client Account Managers (CAMs) regarding anti-money laundering (AML) compliance for assets and retirement links business channels.
  • Cross-trained on UK alternatives and KYDs to expand knowledge and support additional processes.
  • Assisted the team in handling Managed Account and 55ip business channels. Point of contact for all the managed accounts, AML on assets, and KYCs.
  • Collaborated with the Cross team to understand and manage UAE LDD requirements for applicable cases.
  • Maintained high accuracy in documentation and data management, ensuring all client information was up-to-date and error-free.
  • Worked closely with cross-regional teams to foster a holistic approach to risk management.
  • Regularly communicated with stakeholders to provide updates on KYC processes, and promptly addressed concerns.
  • Quickly adapted to evolving regulatory requirements, and implemented necessary changes efficiently.
    Example: Managed RIA KYCS, a state-regulated entity, ensuring accurate capture of beneficial ownership details for requests from 55ip and Managed Account business channels.
  • Leveraged new technologies and tools, such as Large Language Models (LLMs), to enhance the efficiency and effectiveness of KYC processes.
  • Developed a strong understanding of various transaction types in AML, on assets, KYC, enabling successful client support and transaction processing.
  • Engaged proactively with CAMs and stakeholders across multiple business segments and regions to ensure seamless KYC execution.
  • Maintained open communication with all relevant parties, fostering transparency and trust to align with client and regulatory expectations.
  • Implemented a proactive approach to identify potential process congestion, escalating issues promptly to ensure timely resolution, and operational efficiency.

Research & Content Analyst (compliance and Financial Risk)

London Stock Exchange Groups
Bangalore
09.2018 - 12.2022
  • The objective is to perform systematic investigation and study of materials and sources related to Politically Exposed Person and heightened risk individuals and organizations to identify and manage financial, regulatory, and reputational risks
  • Assist in conducting AML/KYC Screening and reviews on new/existing customers in accordance with the policies and procedures
  • Reviewed negative news on OFAC/Watch List/ PEP alerts generated by automated system
  • Performed the required KYC screening on customers documenting the information obtained on the client's as required by global KYC procedures
  • Unwrapping the parent entities if they hold any shares of our client to find out the UBO's and controlling person
  • Review system alerts and the impact on EDD/CDD processes, research, and document results
  • Generate documentation for customer identification and negative news compilation of data
  • Investigating the alerts relating to identified potential matches against sanctions lists - OFAC, FATCA
  • To secure complete compliance with relevant regulations on reviews and assessment of AML/CFT compliance risk
  • Assist with monitoring and tracking incidents to ensure resolution occurs within the SLA
  • Worked on the processes of VEDaas Operations as Analyst, Quality Analyst and Incorrect Data Specialist, Client challenges, EVAL test
  • Worked on Direct client process with HSBC
  • Worked on North America Region e g, Screening, World check, Sanctions, Sources of Funds, Pension Funds, Affiliates, Trust
  • Handling escalation received from the onshore team along with the Root Cause Analysis
  • Performing quality checking in the process to reduce operational loss as a checker for post maker process
  • Responsible for performing sanctions review on clients who has exposure to sanction countries and investigating the business relationship of the client
  • Working with the list of customers with sanctions connections to consider additional controls relating to their payments
  • Reviewing and investigating the alerts generated at LO
  • Experienced in escalating the alerts to L2 if identified, containing potential matches against Sanctions lists: OFAC, United Nations, European Union
  • Escalate issues discovered during ongoing review and assessment of AML/OFAC compliance risk that require escalation to further level for direction on resolution
  • Monitoring of Global Sanctioned listed third-party-related queries and conducting Due Diligence Analysis

Education

MBA -

Surana college
Bangalore
12.2018

B.com -

RC college
12.2015

P.U.C -

Govt PU college
12.2013

Skills

  • Financial Crime Compliance
  • KYC compliance
  • AML procedures
  • Risk assessment
  • Client profiling
  • Customer relationship management
  • Regulatory compliance
  • Sanctions screening
  • Quality assurance
  • Effective communication
  • Problem solving
  • Attention to detail
  • PEP Screening
  • Corporate Action Updates
  • AML/KYC
  • EDD
  • CDD
  • Sanctions screening
  • WorldCheck
  • LexisNexis
  • UBO Review
  • Research
  • Risk Analysis
  • Data Quality
  • Risk Assessment
  • North American Industry Classification System (NAICS) Analysis
  • Analyzing annual reports
  • Windows
  • Microsoft Word
  • Excel
  • PowerPoint
  • SQL
  • AML on assets

Accomplishments

From 2018 to 2022

  • Awarded as Best Performer in the team five times
  • Participated on theProcess Quality level Quiz and Secured a Reward
  • Spot Awarded For the 2 quarters for production and quality
  • Provided training on KYC related to the countries Spain and Korea, and secured a spot award at Refinitve

From 2022 onwards

  • Received multiple appreciations from business segments such as PEG, GEP, and REA for AML on assets, demonstrating a strong turnaround time and flexibility
  • Recognized by the Client Service team in Q3 for successfully onboarding two critical accounts within one business day before the quarter's end
  • Awarded as an Impact member for the year 2024 at the organizational level for the A&WM team for operational excellence

Languages

  • English
  • Kannada
  • Tamil
  • Telugu

Hobbies and Interests

  • Listening Music
  • Watching shows and Movies
  • Writing Stories
  • Playing Cricket

Personal Information

  • Date of Birth: 05/17/95
  • Address :Bangalore

Affiliations

Listening to music

Watching shows and movies

Writing Stories

Playing cricket

Timeline

KYC Analyst

JP Morgan
12.2022 - Current

Research & Content Analyst (compliance and Financial Risk)

London Stock Exchange Groups
09.2018 - 12.2022

MBA -

Surana college

B.com -

RC college

P.U.C -

Govt PU college

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Praveen Kumar VM