SWAPNIL KARANDE
Pune
Summary
Experienced AML Analyst seeking position in banking industry to utilize expertise in Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance within financial services. Skilled in performing thorough customer due diligence, risk assessments, and transaction monitoring to effectively mitigate financial crime risks. Committed to contributing regulatory knowledge, including FATF, FinCEN, and local financial regulations, to ensure full compliance and drive growth. Successfully conducted AML/KYC due diligence on various client types, including government entities, supranational entities, and financial institutions, ensuring adherence to regulatory requirements. Proven ability in conducting enhanced due diligence (EDD) reviews on high-risk customers, promptly identifying and escalating potential money laundering, fraud, and terrorist financing risks. Collaborated with transaction monitoring teams to investigate retail customer accounts flagged for suspicious activity and implemented appropriate measures to mitigate risks. Proficient in analyzing customer profiles, transaction patterns, and business relationships to assess risk levels and determine necessary actions. Consistently ensured compliance with internal policies and external regulations by conducting thorough research on clients and connected parties while reviewing and updating customer documentation.
Overview
17
17
years of professional experience
Work History
AML/KYC Analyst, TM Analyst, Fraud Det. Analyst
Tata Consultancy Services
11.2015 - 04.2025
- Conducted due diligence, analyzed customer profiles and transaction patterns, and ensured compliance with regulatory requirements for a diverse range of clients within the financial services industry.
- Performed enhanced due diligence (EDD) reviews on high-risk retail customers globally, identifying and escalating potential money laundering, fraud, and terrorist financing risks.
- Investigated and analyzed retail customer accounts flagged for suspicious activity, collaborating with transaction monitoring teams to mitigate risks.
- Performed AML/KYC due diligence on a diverse portfolio of institutional clients, including Government entities, Supranational entities, Financial Institutions, Listed entities, Regulated entities, Private entities, Foundations, Associations, Partnerships, Sole traders, Trusts, and Funds across the US.
- Conducted periodic reviews of existing client entities to ensure ongoing compliance with the firm's Client Identification Procedure.
- Researched and documented evidence related to the function, structure, and ownership of client organizations to ensure compliance with global legislative and internal AML standards.
- Reviewed and updated retail customer documentation, including legitimacy of source of funds, source of wealth, and business activities, for compliance with internal policies and external regulations.
- Utilized industry-standard tools and databases such as LSEG World-Check and Refinitiv for comprehensive risk assessment and to identify potential process and tool gaps, proposing solutions for improvement and efficiency.
- Gained foundational knowledge in SAR/STR filing and AML compliance through coursework and simulated investigations.
- Developed familiarity with identifying suspicious patterns in international financial transactions and drafting compliance reports.
- Studied global AML regulations including FATF guidelines, U.S. FinCEN requirements, and cross-border compliance standards.
Fraud Detection Analyst
Tata Consultancy Services
11.2015 - 04.2025
- Enhanced fraud detection capabilities by implementing advanced analytical techniques and leveraging tools like the client's SOP Knowledge Center to mitigate fraudulent activities.
- Performed analysis on large datasets to identify patterns of fraudulent activity, specifically focusing on USAA account holder profiles.
- Conducted comprehensive reviews of LexisNexis databases to ensure accurate and up-to-date member information for fraud prevention purposes.
- Categorized and analyzed various fraud types, including Valid Maintenance, Take Over Account (TOA), Profile Take Over (PTO), Account Take Over (ATO), ATO Scam, First Party (No Restriction/No Loss/With Loss), Pre Closure, and Block Bank Acquisition (BBA).
- Determined fraud risk based on account activity patterns, including new product establishments, money movements, and false claims by account holders. Utilized tools like Conversant, Experian, RSA, BO, FCI Reports, Bank DCC, and the Fraud Portal for comprehensive fraud activity determination.
Process Executive
Capita India BPO Services Pvt Ltd
02.2014 - 08.2015
- Provided support for utility and insurance processes for a UK-based client.
Senior Associate
Wipro Ltd
11.2012 - 01.2014
- Managed and supported utility billing processes for an Australian client project.
Associate
SLK Global BPO Services Pvt Ltd
01.2011 - 09.2012
- Performed US mortgage verification processes for a US-based client.
Process Executive
V Customer Pvt Ltd
02.2010 - 01.2011
- Managed domestic voice processes for Videocon DTH, an Indian client.
Customer Support
IBM Daksh Business Process Services Pvt Ltd
08.2008 - 11.2009
- Provided customer service support for Airtel, resolving queries and ensuring customer satisfaction.
Education
Bachelors of Commerce -
01.2008
HSC - undefined
01.2005
Skills
- AML
- KYC
- Fraud Detection
- Due Diligence
- Sanctions Screening
- PEP Screening
- Risk Assessment
- Transaction Monitoring
- LexisNexis
- Renitiv
- Communication
- Collaboration
- Analytical Skills
- Problem Solving
- Adaptability
- Attention to Detail
- Time Management
- Research
- Risk Management
- Compliance
- AML/KYC Compliance
- Fraud Detection and Prevention
- Risk Assessment and Management
- Customer Due Diligence
- Regulatory Compliance (FATF, FinCEN)
Languages
English
Marathi
Hindi
Hobbies and Interests
- Cricket
- Music
Personal Information
Date of Birth: 10/24/85
Timeline
AML/KYC Analyst, TM Analyst, Fraud Det. Analyst - Tata Consultancy Services
11.2015 - 04.2025
Fraud Detection Analyst - Tata Consultancy Services
11.2015 - 04.2025
Process Executive - Capita India BPO Services Pvt Ltd
02.2014 - 08.2015
Senior Associate - Wipro Ltd
11.2012 - 01.2014
Associate - SLK Global BPO Services Pvt Ltd
01.2011 - 09.2012
Process Executive - V Customer Pvt Ltd
02.2010 - 01.2011
Customer Support - IBM Daksh Business Process Services Pvt Ltd
08.2008 - 11.2009
Jaihind College of Arts, Commerce & Science - HSC,
Dr. D.Y. Patil College of Arts, Commerce & Science - Bachelors of Commerce,
Similar Profiles
Vrunda ChindhadeVrunda Chindhade
HR Manager at Tata Consultancy Services, TCS, Tata Consultancy Services LimitedHR Manager at Tata Consultancy Services, TCS, Tata Consultancy Services Limited
Sreya BasuSreya Basu
Procare Analyst at Tata Steel(Tata Consultancy Services)Procare Analyst at Tata Steel(Tata Consultancy Services)
Arun VArun V
Program Manager at Tata consultancy services | Financial Ombudsman ServicesProgram Manager at Tata consultancy services | Financial Ombudsman Services
Naimish AgnihotriNaimish Agnihotri
Assistant Delivery Manager at Tata Consultancy Services, Global Shared ServicesAssistant Delivery Manager at Tata Consultancy Services, Global Shared Services
Raghvendra SinghRaghvendra Singh
Test Engineer at SGS INDIA PVT LTDTest Engineer at SGS INDIA PVT LTD