Sagar Reddy
Associate Sensitive Client Framework
Bangalore
Summary
Results-driven management professional with over 8 years of experience in Financial Crime Threat Mitigation across various product lines. Skilled in Financial Crime Risk Operations, Transaction and Case Monitoring, Customer Due Diligence (KYC), Payments Screening, and Anti-Bribery & Corruption. Adept at aligning financial, non-financial, and risk mitigation objectives with organizational goals to deliver high standards of service, commitment, and excellence.
Overview
9
9
years of professional experience
Work History
Associate Sensitive Client Framework
Deutsche Bank
08.2023 - Current
- Identified and Managed Sensitive Politically Exposed Persons (PEPs) to mitigate financial crime risks
- Drafted and maintained Sensitivity 1 Client Dossiers for comprehensive client profiling
- Tracked and managed conditions associated with sensitive clients to ensure compliance and risk mitigation
- Prepared and analyzed sub-division MI data related to sensitive clients, supporting informed decision-making
- Effectively managed relationships with stakeholders to ensure alignment and effective communication in risk issues
- Conducted comprehensive investigations into breaches of business restrictions, ensuring compliance and mitigating risks
- Collaborated closely with the internal audit team and provided guidance on investigations into breaches of business restrictions, ensuring compliance with regulatory requirements and internal policies
- Conducted detailed data reviews, identified gaps, and contributed to the development of remediation strategies
- Performed in-depth analysis to uncover a client's entries to the ultimate parent entity, leading to the inclusion of the parent entity in the sensitive clients list for targeted risk mitigation
- Collaborated with the AFC team to obtain BIU reports, conducting critical analysis to assess and identify clients for inclusion in the sensitive clients list
- Done critical analysis on SPEP's in STAN countries
- Evaluated client profiles based on factors like geography, industry, and potential links to politically exposed persons
- Assigned risk ratings and maintained detailed records of risk assessments
- Reported high-risk clients and issues related to sensitive clients to senior management and relevant committees
- Maintained open communication with relationship managers and other stakeholders to ensure that sensitive clients are managed appropriately
Control management specialist
Wells Fargo International Solutions Private Limited
01.2023 - 08.2023
- Providing input into the effectiveness, procedures, efficiencies of an evolving internal controls
- Preparing accurate, organized, and concise reports and work papers
- Interacting with all levels to review and communicate findings and recommendations
- Building and maintaining close relationships with key stakeholders and management
- Assisting in testing the operating effectiveness of various internal controls
- Identify and report control weaknesses and deficiencies
- Assist in timely communication of findings and recommendations to management, monitoring remediation of issues and performance validation procedures
- Identify potential risks or inefficiencies and develop recommendations for improvement
- Review work performed, findings, conclusions, corrective action plans and work paper documentation for completeness and to ensure testing standards are met
- Responsible for reviewing and assisting with the development of corrective actions
Financial Crimes Specialist
Wells Fargo International Solutions Private Limited
08.2021 - 01.2023
- Conducting end-to-end meticulous reviews of cases escalated from Sanctions Level 1 Investigators pertaining to potential illegal activity, global watch lists, or activity in violation of the economic and trade sanctions administered by OFAC
- Work Allocation and Managing time effectively so that SLA get met at a same time monitor currency cut-offs
- Coordinating efforts of staff to yield maximum productivity
- Handling Quality/Enrichment for the Teammates and provide feedback for the same
- Conduct ongoing database screening against sanctions and PEP watch list and review full profile details of scan match results to determine whether they are true or false matches
- Deliver qualified investigation report with details documented clearly to support the conclusion
- 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
- Prepare Breach Report and cascade to the wider audience to create awareness and at the same time to prevent doing same mistake
Sanction Investigator
PayPal India Private Limited
01.2019 - 08.2021
- Conducts detailed research to develop decisions with potential regulatory sanctions and clearly documents decision analysis for executive level review
- Properly identify risks and escalate high risk findings
- Assists in assessment of potential breaches of violation of U.S
- Conducting end-to-end meticulous reviews of cases escalated from Sanctions Level 1 Analysts pertaining to potential illegal activity, global watch lists, or activity in violation of the economic and trade sanctions administered by OFAC
- Conducts detailed investigation on risks include but not limited to PEP, High Risk Jurisdictions, Specially Designated Nationals (SDN) and OFAC matches
- Assesses, prioritizes, and responds to OFAC alerts; keep abreast of and applies knowledge of sanctions and demonstrates a willingness to escalate issues to management
- Analyzes regulations, policies, and compliance implementations
- Perform real time scanning (RTS) of payments to determine the extent of compliance with regulations, laws, policies, and procedures
- Completely and accurately document steps taken through the investigation process
- Apply and adapt changes obtained from training and the implication of any imposed sanctions
- Conduct various searches by utilizing internal system for names from sanctioned countries and terrorists
- Work on multiple queues such as PEP, SDN screening, real time scanning
Investigator Transaction Monitoring, Senior Associate, Financial Crime Compliance
Hsbc
03.2017 - 12.2018
- Investigate alerts and transactions identified by the Bank's AML risk assessment tools (CAMP, Actimize, Mantas, UCM) for the UK, including correspondent banking transactions and SWIFT messages
- Conduct account and transaction-level investigations, including suspicious activity monitoring, sanctions screening, and SAR filing across various financial products (FX, Equities, Funds, Retail, MMK, FI's)
- Monitor Global Banking & Markets clients' transactional and trading activities (Equities, Money Market instruments, FX) to detect suspicious behaviors, ensuring compliance with regulatory requirements across jurisdictions
- Handle rapid disposition of false positive alerts at Level 1, escalate suspicious activity to Level 2, and provide guidance and feedback to Level 1 investigators
- Liaise with internal teams (KYC, onshore business partners, compliance, relationship managers) and escalate critical issues to management
- Maintain records and audit trails, monitor wire transactions, analyze payment routing, and review trades to identify and escalate suspicious transactions
- Responsible for transaction monitoring and combat the financials crime by raising red flag and recommending potential suspicious activity reports (SAR) filling and UAR filings
- Provide compliance training to new team members and support procedural improvements for enhanced effectiveness
- Working in accordance to the regulatory requirements of the regulators of different jurisdictions
- Analyze alerts and transactions flagged by the Bank's AML risk assessment tools (CAMP, Actimize, Mantas, UCM) for the UK market
- Focus on identifying potential money laundering or terrorist financing activities
- Checking the client's payment activity and routing of funds to validate if the transaction is legitimate
- Sending RFI to Relationship Manager seeking further details pertaining to the alerted payment or transaction if found suspicious
- Monitoring transactions for identifying suspicious/unusual activities
- Perform in-depth investigations on correspondent banking transactions and SWIFT messages, mitigating associated risks and ensuring compliance with AML regulations
- Escalating suspicious payment activity and trades to the onshore compliance team to file a Suspicious Activity Report (SAR)
- Conduct comprehensive investigations at both the account and transaction levels
- This includes monitoring for suspicious activities, screening for sanctions, and filing SARs across various financial products such as FX, Equities, Funds, Retail, MMK, and Financial Institutions
- Monitor the transactional activities of Global Banking & Markets clients to detect unusual or suspicious behavior
- Research the background of client transactions to determine if they deviate from known trading patterns, focusing on products like Equities, Money Market instruments, and FX
- Assigning the workload to the team and ensuring that they are completing the same within the stipulated SLA
- Liaising, where necessary, with other areas of the bank like KYC team, onshore business partners, compliance department, relationship managers etc
- In accordance with the requirements of AML procedures
- Support development of procedural improvements to maximize effectiveness
- Prompt escalation of critical and reputational risk matters to management
- Monitoring Wire Transfers and analyzing the payment routing to identify suspicious transactions
- Make a decision on whether to escalate an alert to the Level-3, if identified as unusual or, if further information is required from a third party (I.e
- Relationship manager) escalate them to 2nd level for further investigation with all necessary research documents
Marketing and Sales Associate
Offshore Advisor India Private Limited
02.2016 - 02.2017
- Collaborate with Marketing to develop and execute marketing plans through/with end users and partners
- Find, develop, manage and maintain healthcare client relationships
- Established network of current relationship with healthcare clients in the assigned territory
- Identify and qualify sales opportunities, providing a consultative and value-added approach to develop relationships
- Elevate key customer relationships, especially at the C-suite and senior management levels
- Utilize all channel management and reporting tools
Education
Master of Business Administration - undefined
Bangalore Institute of Management Studies
Bangalore, KarnatakaTimeline
Associate Sensitive Client Framework
Deutsche Bank
08.2023 - Current
Control management specialist
Wells Fargo International Solutions Private Limited
01.2023 - 08.2023
Financial Crimes Specialist
Wells Fargo International Solutions Private Limited
08.2021 - 01.2023
Sanction Investigator
PayPal India Private Limited
01.2019 - 08.2021
Investigator Transaction Monitoring, Senior Associate, Financial Crime Compliance
Hsbc
03.2017 - 12.2018
Marketing and Sales Associate
Offshore Advisor India Private Limited
02.2016 - 02.2017
Master of Business Administration - undefined
Bangalore Institute of Management Studies
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