SIDDESHWAR PALANGE
Transaction Monitoring Analyst
Pune
Summary
AML & Transaction Monitoring Professional with 3+ years of experience in financial crime compliance, risk analysis, and regulatory operations within the BFSI sector. Currently working at Wipro in Transaction Monitoring, handling L1 alerts and identifying potential suspicious activities. Strong expertise in KYC, AML processes, alert review, and risk escalation. Proven ability to work in high-volume environments while ensuring regulatory compliance and operational accuracy.
Overview
3
3
years of professional experience
Work History
Transaction Monitoring Analyst (L1 Alerts)
Wipro Limited
03.2026 - Current
- Reviewing L1 transaction monitoring alerts to identify unusual or suspicious activity patterns.
- Performing an initial risk assessment and triaging alerts based on predefined compliance rules.
- Escalating high-risk or suspicious cases to Level 2 teams for further investigation.
- Ensuring adherence to AML policies, regulatory requirements, and internal control frameworks.
- Maintaining accurate documentation of alerts, cases, and decision rationale.
- Supporting continuous monitoring processes in high-volume transaction environments.
- Collaborated effectively with cross-functional teams to identify potential risks and develop mitigation strategies.
- Supported audit requests by providing well-documented evidence of adherence to established policies and procedures relating to transaction monitoring activities.
- Mitigated operational risks through periodic testing and validation of the transaction monitoring system''s functionality.
- Promoted a culture of compliance within the organization through regular communication of transaction monitoring performance metrics and sharing insights on potential areas for improvement.
- Enhanced transaction monitoring system efficiency by streamlining processes and implementing risk-based approaches.
- Contributed to risk assessments by providing insights from transaction monitoring activities, helping the organization stay ahead of potential threats.
Financial Analyst – Risk & Compliance Operations
EClerx Services Ltd.
07.2024 - 02.2026
- Monitored high-volume transaction data to identify risk indicators and potential suspicious activities.
- Conducted detailed exception analysis and investigations to support risk mitigation and resolution.
- Escalated high-risk alerts and anomalies in line with compliance frameworks and SLA timelines.
- Supported regulatory reporting and audit processes across global financial standards.
- Maintained audit trails, and ensured adherence to internal control mechanisms.
- Collaborated with internal stakeholders to resolve compliance-related discrepancies efficiently.
- Conducted detailed financial analysis to identify and evaluate changes in operations, trends and potential areas of improvement.
- Streamlined financial reporting for better decision-making with clear, concise analysis and presentation.
Assistant Manager – KYC & AML Operations
Kotak811 (Kotak Mahindra Bank)
02.2024 - 06.2024
- Managed end-to-end KYC and AML processes in compliance with RBI regulatory guidelines
- Investigated high-risk accounts, and handled complex compliance escalations.
- Performed transaction reviews to identify suspicious patterns and potential financial crime risks.
- Acted as the SPOC for compliance queries, audits, and regulatory checks.
- Enhanced monitoring efficiency through MIS reporting and SOP development.
- Supervised day-to-day operations to meet performance, quality and service expectations.
- Improved customer satisfaction by addressing and resolving complaints promptly.
Branch Operations – KYC & Compliance
City Union Bank Ltd.
10.2022 - 02.2024
- Executed KYC documentation, customer onboarding, and compliance verification processes.
- Monitored customer transactions to identify irregularities, and escalate potential risks.
- Coordinated with compliance teams to meet audit and regulatory requirements.
- Ensured strict adherence to internal controls and banking regulations.
Education
MBA - Finance
Symbiosis Institute of Business Management (SIBM)
Pune, India 04.2001 -
BBA - International Business
Savitribai Phule Pune University
Pune, India 04.2001 -
High School Diploma -
Sou. Venutai Chavan Polytechnic
Pune 04.2001 -
Skills
Anti-Money Laundering (AML)
Transaction Monitoring & Alerts Handling
KYC (Know Your Customer) Compliance
Financial Crime Compliance
Suspicious Activity Detection
Risk Assessment & Case Investigation
Sanctions Screening
Regulatory Compliance
Alert Review & Escalation (L1 Monitoring)
Exception Handling & Audit Support
MIS Reporting & SOP Development
Customer due diligence
Timeline
Transaction Monitoring Analyst (L1 Alerts)
Wipro Limited
03.2026 - Current
Financial Analyst – Risk & Compliance Operations
EClerx Services Ltd.
07.2024 - 02.2026
Assistant Manager – KYC & AML Operations
Kotak811 (Kotak Mahindra Bank)
02.2024 - 06.2024
Branch Operations – KYC & Compliance
City Union Bank Ltd.
10.2022 - 02.2024
MBA - Finance
Symbiosis Institute of Business Management (SIBM)
04.2001 -
BBA - International Business
Savitribai Phule Pune University
04.2001 -
High School Diploma -
Sou. Venutai Chavan Polytechnic
04.2001 -