Sumod M G
KYC Specialist
Bengaluru,KA
Summary
Focused professional with overall 8 years of experience in mitigating risk and strengthening organization to lead in highly competitive markets; targeting challenging assignments with an organization of high repute
Overview
9
9
years of professional experience
1
1
Certification
Work History
KYC Specialist
JP Morgan Chase
09.2018 - Current
- Achievement-driven professional, offering 5 years of experience in KYC, and Due Diligence; currently associated with JP Morgan Chase as Subject Matter Expert.
- KYC Specialist, possess experience in opening, amending, reviewing & exiting clients (individual & companies) according to established policies & procedures; reviewing client’s transactions to detect and report unusual transactions.
- Proficient in conducting research, financial analysis and documentation of account activity and using personal judgment to determine appropriate actions that can minimize fraud exposure.
- Subject Matter Expert for Customer Identification Program (CIP), Customer Due Diligence (CDD), Account Due Diligence (ADD), Enhanced Due Diligence (EDD), Product Due Diligence (PDD), Specialized Due Diligence (SPDD) and Politically Exposed Persons (PEP).
- Expertise in conducting risk and control self-assessments and implementing legal obligations to mitigate risk exposures due to financial crime.
- Worked closely and competently with global stakeholders across multiple domains and completed extensive due diligence investigations using public and private databases in accordance with various regulatory standards.
- Conducting internal process audits & due diligence reviews to ensure adherence to the process parameters/ systems; providing approvals for LOB escalations, financial crimes, OFAC, customer exits and LOB transfer.
- Assessing significant financial crime risk events to ensure that all connected parties are identified and reported at the appropriate levels internally across all relevant jurisdictions.
- Facilitating necessary checks to identify Politically Exposed Persons, Sanctioned and Adverse Information on individuals and entities to mitigate risks associated with financial crimes.
- Imparting trainings and performing quality control check for new joiners and cross-functional teams.
- Maintaining the confidentiality of all information obtained during the investigations process.
- Administering compliance & operational risk management activities such as risk and controls assessments, counterparty due diligence, financial analysis, and fraud investigations.
- Screening client database of including Mass Market, Affluent, High Wealth Individuals, Small and Large Privately held, non-banking financial institutions and not for profit companies.
- Spearheading multiple ad-hoc and process improvement projects while ensuring timely delivery.
- Handling and maintenance of confidential client documentation, Collection and verification of confidential client data via publicly available and internal sources.
- Passionate about learning and committed to continual improvement.
- Learned and adapted quickly to new technology and software applications.
- Assisted with day-to-day operations, working efficiently and productively with all team members.
- Applied effective time management techniques to meet tight deadlines.
Senior Banking Associate
ESAF Small Finance Bank
08.2016 - 09.2018
- Customer Onboarding (SB, CD & CA) activities, which includes, Confirming KYC data requirements, Collecting relevant KYC Information, Verification of KYC documents.
- AML Score Calculation and rejecting the application in case the customer comes in high risk category.
- Debit card status updating based on customer requests
Modification of Account and Customer details as per customer requirements. - Knowledge in NEFT & and RTGS operations and Entry Postings to Different GL Accounts.
- Verification of images of Inward & and Outward Check deposited through Check Deposit Machines on Image Check Clearing System(ICCS).
- Identifying and Re-capturing images of checks which are either jammed, unsent or are hardware failures in CDM
Reporting any technical issues concerning the Check Deposit Machines in case of Malfunction. - Imparting training to new joiners.
- Entry posting to different GL Accounts & and Preparation of respective vouchers.
- Monitoring the amount reflecting in RBI Current Account & and communicating with Treasury team in case of any discrepancies.
- Managing the distribution of funds from Sundry Accounts to different branches by doing bulk uploads.
- MIS Report Generation & and circulation of reports to branches and concerned authorities.
- Enhanced team efficiency by providing ongoing training and mentorship to junior associates, resulting in improved performance and increased productivity.
Accountant
KTC Automotive Company
11.2014 - 02.2016
- Assign entries to proper accounts.
- Prepare and verify daily reports, handle petty cash &.
- Maintain petty cashbook.
- Assisted in reducing outstanding accounts receivable balances by diligently following up on overdue invoices.
- Reduced expenses by negotiating with vendors for better pricing and terms on services and supplies.
- Gathered financial information, prepared documents, and closed books.
- Assisted with payroll service management..
- Assisted with bill payments, records organization and preparation, and other office duties to support financial and accounting operations.
Education
MBA - Finance
Visvesvaraya Technological University
Bengaluru, India 04.2001 -
BBA - Human Resources Management
Calicut University
Calicut 04.2001 -
Skills
Transaction Monitoring
KYC Due Diligence Operations
Client Onboarding
Financial Fraud Analysis
Identifying the Red Flags
Cheque Clearing
Payments Processing
Invoice
Financial Analysis
MIS Reporting
Data Analysis
Alteryx
Power BI
Certification
Business Intelligence using Power BI
Timeline
Business Intelligence using Power BI
03-2024
KYC Specialist
JP Morgan Chase
09.2018 - Current
Senior Banking Associate
ESAF Small Finance Bank
08.2016 - 09.2018
Accountant
KTC Automotive Company
11.2014 - 02.2016
MBA - Finance
Visvesvaraya Technological University
04.2001 -
BBA - Human Resources Management
Calicut University
04.2001 -