Sravan Kumar Buri
Summary
Experienced professional with over 10 years of expertise in AML/KYC. Possessing a keen eye for detail, excels in conducting customer due diligence processes and implementing effective methodologies to identify patterns and trends. Strong analytical aptitude enables effective communication of risks to management, ensuring comprehensive risk assessment. Skilled in managing multiple competing priorities and meeting deadlines, consistently delivers high-quality results.
Overview
10
10
years of professional experience
1
1
Certification
Work History
SME/Senior KYC Specialist
CITCO group Services India LLP
03.2022 - Current
- Performing Onboarding journey for the new clients
- Set-up new clients in Citco internal system called Fenergo (FenX)
- Performed CDD and EDD for Low/Medium/High risk clients both individuals and entities
- Conducted screening for clients by using tools LexisNexis, RDC, World check and Google string searches
- Conducting transactional analysis for suspicious activities of the clients
- Identifying Source of fund and wealth based on clients profile and transactions
- Collect, validate, verify, analyze and process customer due diligence documentation and information in accordance with compliance with Citco's policies and procedures regarding money laundering and terrorist financing
- Processing the documentation and tax forms to ensure compliance with regulatory requirements and internal policies
- Review and analyze customer and related parties' screenings results Analyzing the results of the screenings and negative news searches to identify true hits or matches
- Escalating the true hits to the account manager for further investigation
- Timely follow up on pending items to meet internal service level agreement (SLA) deadlines
- Participating in the weekly calls with the Bank and CFS teams to discuss client updates and any issues that may require attention
- Addressing Red flags such related to financial crime such as Money Laundering, terrorist financing, sanctions and transactions that involve high risk jurisdictions etc
- Escalating any unusual activity related to suspicion of Child Exploitation Material
- Provided guidance to junior team members, helping them grow their expertise in AML/KYC analysis techniques.
Business Process Lead
Tata Consultancy Services
12.2020 - 03.2022
- Performing the end-end KYC (Periodic Reviews) on the Commercial/Retail Banking clients
- Analyze the triggered rule and customer's transactional patterns and a detailed profile review
- Refresh all the regulatory requirements of client and based on the prior lifecycle need to review with the changes observed during the review period and mitigate the same
- Conducting the proper calibration forum between maker and checker if there is any understanding gap occur
- Assessing the team members and there quality of work and maintain the same for all individuals
- Assign the appropriate task based on the team member's capability
- Conducting the daily meetings for the change management
- Preparing monthly and weekly reports and publish the date with a proper accuracy rates of each individuals
Deputy Manager
ICICI Bank Ltd.
09.2019 - 11.2020
- Performing KYC checks for international corporate account opening
- Performing Name screening, AMLOCK checks
- Responsible for Scrutinizing Current A/c documents as per Canadian regulatory FINTRAC
- Coordinating with the Canadian RM's for the clarifications to ensure the smooth workflow
- Online validation of documents such as COI, AOI and CPR is done in system and any invalid cases are reported to risk containment unit for further investigation
- Experience of dealing with low, medium,HL1,HL2and HL3 risk customers with the help of core banking application “FINACLE” & Risk Rating Calculator(RRC)
- Monitoring of MIS, QC report &reject cases to ensure productivity and quality in processing is maintained
- Responsible for publishing PQIS,MOP, Volume and STP reports etc
Assistant Manager
Axis Bank Ltd.
11.2014 - 09.2019
- Conducting Know-Your-Client (KYC) due diligence for new account opening and reviews of existing accounts including updates
- Analyzed client data, documentation and negative news in order to determine a Client Risk Profile as established under the KYC Procedures
- Discuss and escalate, ultimately to Group Compliance complex issues on client types, structures and AML - related risks and concerns
- Escalate the matches found to the higher ups in time
- Follow up with the branches to obtain the additional documentation if required to support the KYC of the customer and ensure to close or escalate the match found cases
- Origination of new ideas time to time for automation in cost cutting, saving man hours and smooth (Risk free) processing of transactions
- Conducted regular audits to ensure adherence to internal policies and regulatory requirements, maintaining operational excellence.
- Managed daily branch activities for optimal performance, ensuring compliance with banking regulations.
Education
Post graduate diploma - banking program
IFBI NIIT
01.2014
B Tech - IT
JNTU Kakinada University
01.2013
12th - MPC
Narayana junior college
01.2009
10th -
Suresh public School
01.2007
Skills
- AML Risk Assessment
- Sanction Screening
- Customer due diligence
- Compliance reporting
- Enhanced due diligence
- Critical Review of Documentation
- World Check
- Excel proficiency
- Transaction Monitoring
- Data Management
- Excellent communication
- Fund Structures
- Organizational skills
- Effective communication
Certification
Post Graduate Diploma in Banking Program, IFBI NIIT, 2014
Languages
English
Hindi
Telugu
Tamil
Personal Information
- Father's Name: Mr. Simhachalam Naidu
- Date of Birth: 06/15/92
- Marital Status: Married
Timeline
SME/Senior KYC Specialist
CITCO group Services India LLP
03.2022 - Current
Business Process Lead
Tata Consultancy Services
12.2020 - 03.2022
Deputy Manager
ICICI Bank Ltd.
09.2019 - 11.2020
Assistant Manager
Axis Bank Ltd.
11.2014 - 09.2019
B Tech - IT
JNTU Kakinada University
12th - MPC
Narayana junior college
10th -
Suresh public School
Post graduate diploma - banking program
IFBI NIIT
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