RAJDEEP MEHTA
Manager - Transaction Monitoring - Fincacial Crime Compliance Unit
Guduvanchery,Tamil Nadu
Summary
Detail-oriented professional specializing in KYC/AML compliance and transaction monitoring. Expertise in developing quality standards and process improvements to enhance operational efficiency. Strong understanding of money laundering and terrorist financing regulations ensures proactive compliance and risk management. Skilled in fostering team collaboration and optimizing workflows to deliver high-quality service aligned with compliance requirements.
Overview
18
18
years of professional experience
1
1
Certification
1
1
Language
Work History
Manager in Financial Crime Surveillance Operations – Transaction Monitoring Unit
Standard Chartered Global Business Services Private Limited
Chennai
04.2013 - Current
- Executed detailed financial crime investigations aimed at revealing potential illicit activities in transactions. Investigated complex transaction patterns for signs of money laundering and terrorist financing. Upheld global regulatory compliance standards throughout the investigation process.
- Utilized advanced transaction monitoring systems for proactive analysis of financial transactions. Configured and optimized AML systems to enhance detection accuracy and efficiency. Identified and mitigated potential risks and suspicious activities through continuous system analysis.
- Performed in-depth due diligence on high-risk clients, focusing on politically exposed persons and ultimate beneficial owners. Actively monitored for adverse media and sanctions risks to safeguard against financial crime. Analyzed extensive documentation to evaluate and manage potential risks efficiently. Developed protocols for ongoing risk assessment to ensure compliance with regulatory standards.
- Assess intricate transaction patterns to recognize and thwart illicit activities, focusing on money mule detection in cryptocurrency-related money laundering and trade-based money laundering (TBML) utilizing cutting-edge analytical strategies and tools.
- Compiled and submitted detailed SAR/STR reports to FIU promptly and accurately. Ensured compliance with reporting requirements for effective financial crime prevention. Contributed to detecting financial crimes through meticulous SAR/STR submissions. Developed deep understanding of regulatory obligations to uphold reporting standards.
- Conducting Rigorous Due Diligence and Case Management: Utilizing specialized tools such as ECM (Oracle), Detica, eOps, Accuity, Arachnys, and LexisNexis to perform comprehensive due diligence, ensuring adherence to AML/CFT regulations. This also includes managing and resolving alerts and Requests for Information (RFI) as a first-line defense, and making informed case disposition decisions at Level 1 and Level 2 stages.
- Providing critical support for system maintenance and user acceptance testing (UAT): Contributing to the integrity and functionality of AML systems by supporting UAT and system maintenance activities, ensuring seamless operations, and regulatory compliance.
- Facilitated on-the-job training for team members, promoting knowledge transfer and fostering an environment of ongoing development
- Developing and Delivering Remote Training on Company Systems: Creating and conducting remote training sessions to enhance the onboarding process for new hires, ensuring they are equipped with the necessary skills and knowledge.
- Leading and managing a team of 12 analysts in the execution of daily transaction monitoring operations.
- Managed workflow of team and owned process to consistently meet daily, weekly, and monthly SLA targets evaluated across several factors like aging turnaround time, productivity, and quality benchmarks.
- Preparing management decks by analyzing various data metrics (Monthly Deck, TOM model analysis, Daily movement statistics, Quality metrics).
- Leading the team with efficiency and quality by providing continuous training and refresher sessions.
- Collaborated with stakeholders to streamline workflows, reducing turnaround times for client services.
- Conducted risk assessments to mitigate potential issues in financial crime compliance processes.
- Spearheaded training programs focused on regulatory updates and best practices within the banking sector.
- Cross-trained existing employees to maximize team agility and performance.
- Spearheaded transition to remote work during global health crisis, ensuring business continuity and employee safety.
Senior Process Associate
Tata Consultancy Services (Eserve Ltd.), Chennai
Chennai
02.2008 - 03.2013
- Administered process of credit card transaction monitoring for fraud detection and prevention
- Investigated alerted transactions of credit card done by members of Armed forces of USA for USAA Bank
- Checked and reviewed alerted transactions in the account by identifying pattern of suspicious transaction activity
- Identified the source of fund and purpose of transaction; checked KYC information to identify the client profile and see if it is an account take over scenario
- Tracked fraudulent transactions and reported team for further investigation; put a temporary block if it looks suspicious
- Key Processes Managed: Mortgage Payments, AML and Fraud Detection
- Process Managed: Credit Card Fraud Detection - Enterprise Fraud and Anti Money Laundering (EFAM)
- Period: Apr-12 to Mar-13
- Highlights:
- Proactively verified and prevented the customers from online and keyed fraud transactions
Analyst
Citi Financial, UK
Chen
02.2008 - 10.2011
- Served CitiFinancial UK client for processing payments received on mortgage account
- Verified authenticity of instruments such as cheques and postal orders scanned in file net to ensure compliance and reduce risk
- Posted the payments into the account post account validation
- Ensured regular client reporting for early redemption of mortgage accounts within 6 months of opening for AML review
- Submitted daily banking tracker detailing payments made to client for accurate record-keeping
- Managed processing of mortgage payments for clients
Education
B.Com. -
D.G. Vaishnav College
Chennai01-2006
Skills
- Transaction monitoring expertise
- SAR preparation
- Regulatory compliance
- Data analysis proficiency
- ACAMS certification
- Effective team leadership
- Training and development
- Strategic goal setting
- Complex Problem-solving
- Analytical decision-making
- Prioritization and scheduling
- Clear communication skills
Certification
ACAMS
Timeline
Manager in Financial Crime Surveillance Operations – Transaction Monitoring Unit
Standard Chartered Global Business Services Private Limited
04.2013 - Current
Senior Process Associate
Tata Consultancy Services (Eserve Ltd.), Chennai
02.2008 - 03.2013
Analyst
Citi Financial, UK
02.2008 - 10.2011
B.Com. -
D.G. Vaishnav College