Sushant Parida
Mumbai
Overview
10
10
years of professional experience
Work History
Authorized Officer (US AML Surveillance Lead)
UBS Business Solution (India) Pvt Limited
03.2022 - Current
- Led and managed a team of professionals in Mumbai, overseeing the Know Your Customer (KYC) and Anti-Money Laundering (AML) processes
- Performed transaction monitoring for correspondent banking, private banking, and financial services clients
- Developed and implemented comprehensive KYC/AML procedures and guidelines for the India team
- Led and managed a team of more than 10+ analysts and senior analysts
- Identified training needs across levels through mapping of skills required for particular positions
- Conducted training sessions for new joiners and shared feedback with analysts, while interviewing resources to expand the team
- Led the automation team to increase efficiency and accuracy by streamlining the process using RPA and AA, successfully transitioning one automation tool
- Managed governance and reporting aspects of KYC/AML for the India team
- Worked with Actimize, Cosima, Factiva, Lexis-Nexis, World Check, RDC, Automation Anywhere (AA) and Sharepoint.
US AML Surveillance Analyst
UBS Business Solutions (India) Pvt. Ltd.
12.2018 - 02.2022
- Responsible to analyze alerts generated by our transaction monitoring system and investigate these alerts thoroughly with reference to client's KYC profile in a timely manner; as well as ensuring significant issues and potential financial crime incidents are escalated to the relevant stakeholders
- Conducting in-depth research and analysis of the alert and associated data, including customer information, transaction details, and other relevant information, to identify potential risks or suspicious activities
- Conduct the background screening on entities and/or individuals using both public domain and database search services using tools such as Cosima/Factiva/Lexis Nexis/Google
- Conduct initial analysis and identify potentially suspicious activities; creating a 'Search and Review' assessment packet for the US analysts to leverage during the review of potentially suspicious activities
- Performs initial and ongoing EDD, UBR & UMR reviews of the High, Medium & Low risk customers.
Process Associate
Genpact
05.2017 - 11.2018
- Worked onsite in an investment bank for Negative Media & Sanctions Screening
- Conducting initial screenings of customer names, addresses, and other relevant information to identify potential matches against sanctioned or restricted parties lists
- Responsible for accurately researching, analyzing, evaluating and documenting AML KYC information and taking appropriate action to protect the company against risk of money laundering activity and reputational risk.
Associate (Financial Analyst)
State Street Syntel Services Pvt. Ltd
09.2014 - 04.2017
- Worked with various management companies and following guidelines from them for analysis of various aspects
- Ensure timely, efficient reporting of suspicious transactions to Money Laundering Reporting Officer (MLRO)
- Prepare and file suspicious Activity Reports (SAR) for escalated activities
- Verifies all aspects of Client Identification Program (CIP) and necessary account opening documents are provided and in accordance with Know Your Customer (KYC), UK FCA and PRA standards.
Education
Bachelor of Commerce, Accountancy -
Gurukul College of Commerce
MBA, Finance -
Rabindranath Tagore University
Skills
- Transaction Monitoring
- Due Diligence
- Negative News
- Sanctions
- EDD
- CDD
- Research & Analysis
- Periodic KYC
- Onboarding KYC
- Screening
- Team Handling
- Resource Management
- Governance & Reporting
- MS Office
- Power BI
- Presentation Skills
Timeline
Authorized Officer (US AML Surveillance Lead)
UBS Business Solution (India) Pvt Limited
03.2022 - Current
US AML Surveillance Analyst
UBS Business Solutions (India) Pvt. Ltd.
12.2018 - 02.2022
Process Associate
Genpact
05.2017 - 11.2018
Associate (Financial Analyst)
State Street Syntel Services Pvt. Ltd
09.2014 - 04.2017
Bachelor of Commerce, Accountancy -
Gurukul College of Commerce
MBA, Finance -
Rabindranath Tagore University