Som Sekhar
Bangalore
Summary
Resourceful individual with an exceptional background spent in the FINANCE INDUSTRY. An engaging demeanor with the ability to successfully work in the most demanding environments
Overview
6
6
years of professional experience
1
1
Certification
Work History
Senior Consultant - Team Lead
EY - Ernst & Young
06.2024 - Current
- Performing assessment, gap analysis and identifying AML and/or Compliance/Regulatory issues compared to the laws and regulations in force
- Acquiring strong knowledge of key business process such as Customer/Investor account opening, on-going due diligence measures including monitoring of suspicious transactions etc
- Managing and Investigating AML/CTF and Transaction Monitoring, DD and PEP alerts in L2 and L3 Level
- Investigating Transactions like Cash, Checks and (Debit are Credit) Wire (Domestic and International) through moderated AML instruments
- Conducting Quality Reviews, Quality audits, Quality checks of the L2 and L3 escalated cases and Risk assessments resulting in the identification of areas for improvements
- Experience with/and or knowledge of customer watchlist applications
- CTR and SAR filling applications, ensured that the bank's AML regulations were adhered to and monitored account activity accordingly
- Filing and Drafting possible SAR and STR case's to FIU's and Reporting Bank's
- Preparing Team's weekly/monthly reports with root cause analysis for business review
Business Analyst
Genpact
03.2022 - 05.2024
- Review policy and procedures and to ensure compliance laws are met
- Provided oversight and execution of AML transactions and account monitoring surveillance
- Conducting Quality audits, Quality checks of the case and Risk assessments resulting in the identification of areas for improvement
- Assisted in identifying BSA/AML/OFAC compliance risk and ensure that proper control, procedure, processes and training area in place to mitigate these risks
- Performed periodic reviews, quality checks to entities for the Client Onboarding (NTB and Ongoing (ETB)
- Verifies all aspects of Client identification Program (CIP) and necessary account opening documents in accordance with KYC, USA Patriot Act and Bank secrecy Act
- Responsible for identifying and researching the patterns, trends and anomalies in complex transactions and customer data to detect, prevent, mitigate and report suspicious activity related to money laundering, terrorist financing and structuring of funds
- Escalate suspicious cases to further level for possible SAR fillings
- Understanding of Transaction monitoring and other watchlist required to perform core job to alert clearance, Supervising and producing progress reports to identify failures trends and development needs analysis
- Prepare and present weekly/monthly reports with root cause analysis for business review, reporting of analyst wise scorecard within depth analysis followed by corrective action plan
- CIP/CDD/EDD
- Internal Audits
- Fraud Investigation
- FCRM-Risk
- C, HTML, JAVA, DBMS
- Regulatory and Compliance Reporting
- Sanctions / Payment Screening
Assistant Manager
ICICI BANK
07.2021 - 02.2022
- Perform review activities client documentation for Onboarding and validating the documents through varies risk assessment tools
- Scrutinize the documents as per CDD standards, analyzing various documents like AOl, COl and Name change certificate, and partnership agreements etc
- Perform the screening for all clients and UBOs to mitigate the risk and escalate the cases if the client has the positive hits or any adverse news
- Have knowledge across multiple client types - corporate, Private Companies, Govt Entities, partnerships, Regulated Entity, etc
- Performing the Screening for All Sanctions and PEP & negative media to identify the risk of the client and have raise the CAU screening SharePoint request for Material Hits
- Perform the periodic reviews for all clients based on their risks (Low, Medium & High) and drilldown the ownership up to 25% for public customers and 10% threshold for private clients
- Ensuring compliance with all AML laws, regulations, guidelines, written procedures OFAC, CDD, CIP & KYC, customer/transaction monitoring
Associate Manager
Indiabulls
11.2018 - 11.2019
- Verified all aspects of Client Identification Program (CIP) and necessary account opening documents, to check whether they were in accordance with know Your Customer (KYC)
- Verified clients' identities and documents Coordinated with internal teams for ensuring smooth completion of activities with respect to issuance of policies; followed guidelines of internal audit
- Identified & verified the client's legal existence by using the Registry Websites and third party approved websites
- Coordinated with the 'FCC' Team to notify on the High Risk and SCC & PEP Customers; performed the required KYC screening on customers and documented the information obtained
- Conducting Reviews proof identity for loan accounts and d-mat accounts as well
- Responsible for overall supervision, training, mentoring and appraisal of associates
Education
MBA - Accounts & Finance
Aradhana School Of Business
Hyderabad06.2021
BSC - Computer Science & IT
Vijayam Arts and Science College
Andhra Pradesh10.2018
Skills
- KYC/AML Compliance
- Transaction Monitoring
- Quality check/QA
- Risk Management
- Business Analysis
- SAR/STR Filling
Certification
- ACAMS - Certified Anti-Money Laundering Specialist
- TCS Micro degree on software Engineering
- NISM Certification in MF
- Lean and Six Sigma Certified
- Generative Ai Certified
- AML regulation learning & e-learnings certified
Timeline
Senior Consultant - Team Lead
EY - Ernst & Young
06.2024 - Current
Business Analyst
Genpact
03.2022 - 05.2024
Assistant Manager
ICICI BANK
07.2021 - 02.2022
Associate Manager
Indiabulls
11.2018 - 11.2019
MBA - Accounts & Finance
Aradhana School Of Business
BSC - Computer Science & IT
Vijayam Arts and Science College
- ACAMS - Certified Anti-Money Laundering Specialist
- TCS Micro degree on software Engineering
- NISM Certification in MF
- Lean and Six Sigma Certified
- Generative Ai Certified
- AML regulation learning & e-learnings certified
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