Satyam Kumar

Associate Analyst

AML Rightsource

Kolkata

04.2024 - Current

Created detail-oriented AML and risk reports for transaction monitoring. Analyzed risk reports, monitored metrics, and identified process gaps.
Identified and escalated red flags by reporting a suspicious activity report (SAR).
Conducted daily AML screening of customer records to identify potential sanctions and adverse media matches against sanctions lists (OFAC, UN, EU) to ensure continued compliance with internal and regulatory requirements.
Conducted due diligence on high-risk individuals and entities, and aligned with regulatory and compliance processes.
Drafted and filed high-quality Suspicious Activity Reports (SARs) in compliance with FinCEN, BSA, and AML regulatory requirements.
Analyzed complex customer transaction patterns to identify red flags indicative of money laundering, fraud, and other financial crimes.
Collaborated with AML investigators to gather evidence and compile narrative summaries for SAR filings.
Maintained 100% compliance with SAR filing deadlines, reducing regulatory risk, and avoiding potential penalties.
Reviewed internal alerts and escalations to determine SAR filing necessity, based on regulatory thresholds and risk indicators.
Utilized transaction monitoring systems (e.g., Actimize, LN, Snowflake) to investigate unusual activity and assess risk.
Prepared SAR narratives that clearly and concisely documented the nature of suspicious activity, and supporting evidence.
Assisted in quality control (QC) reviews of SARs to ensure accuracy, completeness, and adherence to internal standards.
Conducted enhanced due diligence (EDD) and open-source research to support SAR investigations.
Participated in ongoing training to stay current with evolving AML regulations, typologies, and red flags.