Tarun Radapaka
Compliance Analyst
Hyderabad
Summary
A Compliance Analyst with experience in EDD and AML compliance for high-risk entities, including PEPs. Expert in document verification, KYC reviews, and compliance monitoring. Skilled in analyzing transactional data, detecting suspicious activities, and conducting financial crime investigations. Proficient with Salesforce, LexisNexis, Refinitiv, and Microsoft Office. Certified in AML Regulations, KYC, and Anti-Money Laundering principles, with a strong track record in enhancing compliance procedures and managing regulatory challenges.
Overview
5
5
years of professional experience
2022
2022
years of post-secondary education
1
1
Certification
3
3
Languages
Work History
Compliance Analyst
Coinbase
07.2023 - Current
- Evaluated and enhanced Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols, strategically improving their effectiveness and compliance.
- Investigated AML cases by scrutinising transaction data to detect potential risks and suspicious activities.
- Developed and implemented comprehensive compliance monitoring and testing frameworks, leveraging various analytical tools and databases for risk assessment.
- Assembled detailed Enhanced Due Diligence (EDD) records for Politically Exposed Persons (PEPs), their associates, and related businesses, encompassing remediation, periodic reviews, and onboarding processes.
- Researched and authenticated information regarding the sources of wealth for PEPs to ensure regulatory compliance.
- Conducted confidential evaluations of identified PEP entities, producing comprehensive biographies supported by documentary evidence to validate their status.
- Monitored sanctioned countries meticulously, consistently updating the risk assessment database for countries of concern.
- Performed in-depth Enhanced Due Diligence (EDD) reviews on high-risk clients, ensuring stringent compliance with regulatory standards.
- Collaborated with diverse teams to design and execute risk-based strategies for customer onboarding and monitoring.
- Administered KYC reviews and executed EDD assessments on new and existing clients, maintaining strict compliance with AML regulations.
- Mastered AML regulations, KYC procedures, and financial crime investigation techniques.
- Engaged proactively with regulatory agencies during audits, ensuring all inquiries were addressed timely and accurately.
KYC | KYB | CDD Analyst
Sykes Business Services Pvt Ltd
03.2022 - 07.2023
- Performed Know Your Business (KYB) due diligence for onboarding new business customers, including verification of ownership structures, beneficial owners, and regulatory documentation.
- Assessed corporate documents (Incorporation Certificates, UBO declarations, Shareholding structures) to ensure compliance with AML/CFT regulations and internal policies.
- Identified and escalated potential risks related to high-risk jurisdictions, sanctioned entities, and PEP involvement during business customer onboarding.
- Managed the entire KYC onboarding process for both new and existing clients, including conducting refresh activities.
- Conducted detailed examinations of client documentation, checked vendor databases, and ensured accurate data entry into proprietary systems.
- Performed detailed data quality reviews of KYC profiles in the Workstation to ensure all profiles were complete and compliant with regulatory, legal, banking, and audit standards.
- Took on additional project roles within the AML/KYC Business Quality domain as required. Reported any inconsistencies or issues found during the KYC process.
- Maintained detailed KYC screenings for new clients, ensuring meticulous documentation and validation of information according to Global KYC Procedures using various independent research sources.
- Maintained detailed records of client interactions for secondary reviews and monitored all documentation for discrepancies.
- Collaborated with clients, Front Office, Credit, Legal, and Operations teams throughout the KYC process to ensure seamless operation and compliance.
- Acquired and maintained in-depth knowledge of Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) regulations.
- Identified and reported activities potentially linked to money laundering or terrorist financing, including investigating predicate offences. Maintained detailed logs of all escalations and ensured timely review and resolution.
- Analysed alerts from monitoring systems to identify suspicious activities and conducted detailed investigations as required. Conducted research and financial crime risk assessments using internal and external information sources.
- Worked closely with internal stakeholders to improve the Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) frameworks. Ensured all documents submitted for Customer Due Diligence (CDD) aligned with internal compliance policies.
- Monitored customer behaviour over time and proposed necessary remediation actions if discrepancies or risks were identified. Reviewed and evaluated customer onboarding data to ensure compliance with local regulatory requirements.
- Escalated potential risks and red flags to the appropriate teams for further action. Participated in internal and external training programs related to AML/CTF and other relevant areas.
- Supported the execution of AML Screening, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) for potential and existing customers, ensuring strict adherence to bank policies and procedures.
- Assisted in preparing and distributing recurring reports on Anti-Money Laundering Screening related to AMS products and investment topics.
- Ensured the completion of all required job-related training and actively participated in educational programs and seminars as directed.
- Maintained effective communication with peers, frontline staff, and management to obtain necessary information or documentation and address any concerns or findings during reviews.
Voice Process Specialist
Conneqt Business Solutions Pvt Ltd
10.2020 - 07.2021
- Constantly exceeded performance targets, including a 15% increase in daily call resolution, while professionally managing a high-volume workload.
- Collaborated with cross-functional teams to streamline processes, leading to reduction in response time to customer queries.
- Played a pivotal role in training and integrating new team members, resulting in a 40% reduction in onboarding time and seamless assimilation into the workflow.
Education
Bachelor of Science -
Osmania University
Skills
Data Confidentiality
KYC Due Diligence
Document Verification
KYB / Business Customer Due Diligence
AML Screening
Security Features Analysis
Enhanced Due Diligence (EDD)
Customer Due Diligence (CDD)
Reporting and Documentation
Regulatory Compliance
Investigative Research
Transaction Monitoring
Risk Assessment
Sanctions Monitoring
Report Compilation
Compliance Management
Analytical Skills
Audit and Monitoring
Compliance Reporting
Communication Skills
Cross-functional Collaboration
Microsoft Office
Salesforce
LexisNexis
Refinitiv
DeepL
Zendesk
Certification
Certified in Exemplary Productivity Performance
Languages
1,C2,1,C1,1,C1
Timeline
Compliance Analyst
Coinbase
07.2023 - Current
KYC | KYB | CDD Analyst
Sykes Business Services Pvt Ltd
03.2022 - 07.2023
Voice Process Specialist
Conneqt Business Solutions Pvt Ltd
10.2020 - 07.2021
Bachelor of Science -
Osmania University