SAILAJA LAMPIMUKI
Hyderabad
Summary
- Results-driven Authorized Officer known for high productivity and efficient task completion. Specialize in regulatory compliance, risk management, and process improvement to enhance organizational performance. Excel in leadership, problem-solving, and communication skills, ensuring smooth operations and team cohesion.
Overview
11
11
years of professional experience
Work History
Authorizer Officer (Team Lead/Quality Assurer)
UBS
Hyderabad
02.2021 - Current
- Managing the internal Audit / governance call
- Managing the performance and expectations of the team, ensuring the morale of the team is high, conducted daily meetings to stay connected with the people, cascade updates and discuss challenges
- Acting as a point of contact for all process related queries and provide solutions to the team
- Attending calls with business regions across ASIA, Europe and the US to resolve queries related to policies and procedures.
- Handling Independent Quality Assurance calibration calls to resolve errors and disputes between the periodic review teams and quality teams.
- Developed expertise in coaching and mentoring both new and existing employees.
- Kept updated on evolving anti-money laundering regulations to enhance my professional knowledge
- Preparing and presenting Quality Assurance reports, Internal audits data to Management.
KYC Approver (Level 2 - Quality Assurance) & Training & Development
UBS
Hyderabad
06.2016 - 12.2019
- To check and ensure that appropriate due diligence is performed such as Enhanced, Customer or Simple due diligence; understand the risk of the clients using the industry risk pillars (Geography, Products, Nature of business and Legal Form) as standards and checking the research documents via internal and external sources, gather and analyze documentation in accordance with regulatory and KYC requirements
- Screening of individuals and entities while working on software platforms such as Lexis Nexis, Cosima, RDC etc., has knowledge of data Sources like D&B, Bloomberg, Reuters, etc
- Further understand the risk of the legal form of the entity such as Special Purpose Vehicles, Collective Investment Schemes, Private Entities, Entities which are listed/regulated, Funds, Governments, Sovereign wealth funds all of the aforementioned hold different risk to the client.
Analyst - Corporate & Investment Banking KYC Ops
JP Morgan chase & co.
Hyderabad
09.2016 - 06.2018
- An End-to-End KYC on client types (i.e
- Corporates, Non-Banking Financial Institutions, Foreign investment banks, Non-Operating Assets Holding Companies, Funds etc.., for the customers of Europe, Middle East and Africa (EMEA)
- Perform case evaluation and risk determination of Business Banking customers including Customer Due Diligence (CDD) an activity to identify the customer's Nature of activity, lines of businesses, Operations, Clients, Vendors and Suppliers etc.., Enhanced/ Specialized Due Diligence (EDD) for Higher-Risk Customers
- Customers that pose higher money laundering or terrorist financing risks present increased exposure to banks such as Politically Exposed persons (PEP), Casino's, Money Service Businesses (MSB's), Personal Investment Companies, Chemist's, etc.., Prepared recommendations to relationship manager on the required KYC screening on clients by documenting and corroborating the information obtained on the client as required by the KYC Procedures utilizing a variety of independent research sources.
Senior Team Member - KYC - Client On-Boarding
BANK OF AMERICA
Hyderabad
04.2015 - 09.2016
- Analyzing KYC documentation, information, research via Doc Gap Analysis for new and existing clients
- Assessing client organizational documents, ownership structure and records for completion and accuracy and to determine appropriate AML due diligence requirements
- Exercising evaluation around sufficiency of mitigating factors for any AML related deficiencies or risks
- Resolving deficiencies contained in records as per Jurisdictional Requirement
- Evaluating Negative News and AML/Sanctions Alerts attached
- Ensuring negative news is appropriately documented and any mitigating factors identified
- Submitting final record and ensuring that all appropriate due diligence has occurred and procedures properly applied, with immediate escalation of any variances
- A periodic review is conducted on existing clients and ensures to keep their documentation up-to-date.
AML executive - AML/KYC - Transaction Monitoring
HSBC
Visakhapatnam
04.2013 - 11.2014
- Transaction monitoring on correspondent bank clients of HSBC USA Inc., maintained by Payment and Cash Management Business
- Identifying and verifying the identity of customers, performing classification checks, and reviewing any political connections associated with the client
- Conducting checks on people and different entities from OFAC sanctioned nations in the OFAC SDN list
- Monitoring of a customer's transactions against their expected behavior and recorded profile as well as that of the customer's clients
- Conduct due diligence through internal AML databases such as watch list, Suspicious Activity Report log, customer
- Analyze the transactions in the accounts and investigate for any Money laundering and Terrorist Financing activity involved
- Vet all red flags related to the conduction of transactions
- Narrating the research complying with various money laundering legislations in the USA such as USA Patriot Act, Bank Secrecy Act, OFAC Sanctions, etc
- Reporting the accounts that were noted possibly suspicious to Compliance Officers for filing of SARs.
Authorized Officer (Team Lead) - Investment Banking KYC Ops
UBS
Hyderabad
06.2018
- To ensure that the bank is safe from the risks posed by its customers; understand the ultimate beneficial ownership, nature & purpose of business, involvement of PEPs, the source of funds & wealth and so forth of the client
- Wherever there is a heightened risk observed, recommending the case to be escalated to the Anti Financial Crime team of the bank for further advice and disposition Pass feedback to the analyst to ensure the quality of the files is maintained.
Education
MBA (HR and Marketing) -
Gitam institute of management, GITAM UNIVERSITY
05.2011
Bachelors of Science (B.SC) -
Dr L.B.college, ANDHRA UNIVERSITY
05.2009
Skills
- Know Your customer
- AML Policies & Procedures
- Due Diligence (All Risks)
- Sanctions Screening (PEP, Negative News)
- Transaction Monitoring
- SAR Filing
- Excellent problem solving and communication skills
- Team Management
- Training & Development
- MIS & Reporting
- Internal Audit
- Practical, Confident, Self-Motivated and Persistence
- Reporting and documentation
- Fun Committee Member and Event organizer
Languages
Telugu
First Language
English
Proficient (C2)
C2
Hindi
Proficient (C2)
C2
Timeline
Authorizer Officer (Team Lead/Quality Assurer)
UBS
02.2021 - Current
Authorized Officer (Team Lead) - Investment Banking KYC Ops
UBS
06.2018
Analyst - Corporate & Investment Banking KYC Ops
JP Morgan chase & co.
09.2016 - 06.2018
KYC Approver (Level 2 - Quality Assurance) & Training & Development
UBS
06.2016 - 12.2019
Senior Team Member - KYC - Client On-Boarding
BANK OF AMERICA
04.2015 - 09.2016
AML executive - AML/KYC - Transaction Monitoring
HSBC
04.2013 - 11.2014
MBA (HR and Marketing) -
Gitam institute of management, GITAM UNIVERSITY
Bachelors of Science (B.SC) -
Dr L.B.college, ANDHRA UNIVERSITY
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