SHALINI SINGH
Hyderabad
Summary
Diligent professional with experience in anti-money laundering compliance, Transaction Monitoring, SAR Writing, KYC, CDD & EDD, and banking operations. Skilled in conducting risk assessments, developing compliance programs, and investigating potential money laundering activity. Experienced in working with financial institutions of all sizes and across multiple jurisdictions.
Overview
11
11
years of professional experience
1
1
Certification
Work History
Senior Team Member
JP MORGAN CHASE
08.2022 - Current
- Daily review of customer work items and alerts to ensure proper escalations and closure in FCIP application
- Collecting and documenting data, including: alerting activity, account information, transactional data, KYC information, politically exposed person (PEP) status, adverse media as well
- Includes reviews of multiple scenarios such as High-risk geography, Structuring, Change in behaviour, Large reportable transactions, Rapid movement of funds etc
- Review and analyse underlying data gathered opposite Anti-Money Laundering (AML), Terrorist Financing (TF), Human Trafficking and other red flags to assess whether the alert should be recommended for escalation or to be closed with no further action
- Responsible for adhering to all AML guidelines
- Documenting risk findings or legitimizing the activity and escalating the alerts as an when required to next level
- Responsible for daily and monthly deadlines and ensuring to keep the quality as per the standards set by the Bank
- Additional activities: Apart from daily activity, typology sessions such as terrorist financing, drug trafficking, structuring, human trafficking, and virtual currency etc been conducted as and when required
- Sending daily reports to manager regarding status of alerts and thereby ensuring the team alerts are processed with in the deadlines
- Always have shared best practices with the team and new joiners with in the team
- Providing the support for the manager in conducting quality check if required
- Moved from NA to EMEA based on the performance and for maintaining consistent quality
- Achieved Nil defect/Quality awards.
Compliance Analyst
AUTO DATA PROCESSING INC (ADP)
06.2015 - 08.2022
- To perform research on client’s employees holding Aline Cards (Payroll Cards) with ADP to mitigate risk.
- Researching and working on CIP (Client Identification Program) failed cards – validate the cardholder information through Lexis Nexis and try to resolve the case within the SLA.
- Monitoring, assigning, and working on one of the critical tasks convenience check log. Working on a spreadsheet which contains the data of the cardholders who attempted to cash fraudulent convenience checks. This process involves calling the cardholders and educating them on convenience check procedure.
- Filing Suspicious Activity Report (SAR) on Cardholders who attempted to cash fraudulent convenience checks for $2,000.00 and above. SARs will be submitted to the Compliance officer to be filed with FinCEN (Financial Crime Enforcement Network) in a timely manner.
- Investigation of anomalous activity in ADP's money movement to combat money laundering and terrorist financing.
- To be up to date with the prevalent laws and regulations applicable for the compliance of AML such as US Patriot Act, Bank Secrecy Act (BSA) etc.
- Co-ordination with BU and designated personnel for obtaining information which will help in mitigation of risk.
- Performing Validation/Testing of the upgradations in FCRM.
- Performing Enhanced Due Diligence (EDD) on high-risk clients and entities.
- Support Work Market and International Money market movement domains.
- Responsible for allocation of work and managing production.
- Preparation and presentation of weekly production and MIS reports.
- Assuring the compliance of SLA's of USMM.
- Creating SOP's and narration templates for describing the procedures applied.
- Mentoring the new hires of USMM TM.
AML Investigation Executive
HSBC DATA PROCESSING INDIA PVT LTD
06.2013 - 04.2015
- Undertake reviews to identify possible patterns of money laundering and terrorist financing activity, ensuring compliance with applicable internal policies and procedures and external regulations
- Review the KYC of the customer and match the data against the internal database
- Review and analyze transactional activity for suspicious/ unusual patterns of activity utilizing various internal systems, reports and external data sources on the customer accounts
- Monitor, Analyze and investigate various types of transactions such as Wire transfers, Cash activities of the customers to identify potential money laundering activities by alert investigation
- Analyzed potential Office of Foreign Assets Control (OFAC) hits to ensure transactions were in compliance with United States sanctions
- Ability to take decisions and to escalate alerts that have the potential to breach National and International regulations
- Good Knowledge in AML and KYC
- Work with team of L2 investigators to assess risk and coordinate field reviews
- Identified multiple significant cases, red flags and patterns associated with the laundering of illicit funds.
Education
B.Com -
Dr. Lankapalli Bullaya College
Skills
- Transaction Monitoring
- AML Investigations
- SAR Writing
- KYC
- CDD
- EDD
- Sanctions Screening
- Planning and collaboration
- Team Work
- Oral/Written Communication
- Ms Office - Excel & Word
- Coaching and Mentoring
Certification
Investigations - ACAMS
Languages
- English
- Hindi
Hobbies and Interests
- Music
- Art
- Table tennis
Timeline
Senior Team Member
JP MORGAN CHASE
08.2022 - Current
Compliance Analyst
AUTO DATA PROCESSING INC (ADP)
06.2015 - 08.2022
AML Investigation Executive
HSBC DATA PROCESSING INDIA PVT LTD
06.2013 - 04.2015
B.Com -
Dr. Lankapalli Bullaya College
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