Summary
Overview
Work History
Education
Skills
Certification
Accomplishments
Timeline

TALARI PAULSON

Hyderabad

Summary

With over 11+ years of dedicated experience as a Compliance Manager, I have established a strong foundation in the realm of regulatory compliance & remittance frameworks & Audit compliance. My career is defined by a proven track record of conducting meticulous Transaction Monitoring, Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Surveillance, Know Your Customer (KYC) Remediations, Enhanced Due Diligence (EDD), and customer due diligence and Risk Management. My expertise extends to effectively detecting and addressing suspicious activities, thereby ensuring the financial integrity and reputation of the organizations I've served. My extensive grasp of global financial regulations, including FATF recommendations, AML directives, and sanctions lists, ensures that organizations I'm involved with remain firmly in compliance with both local and international standards. My career journey reflects a continuous commitment to staying at the forefront of compliance practices and proactively addressing the ever-evolving challenges in the financial sector. I aim to leverage this experience and expertise to safeguard the financial industry's integrity and reputation while contributing to the success of the organizations I serve.

Overview

11
11
years of professional experience
1
1
Certification

Work History

International Compliance Senior Manager

ICICI Bank Limited
Hyderabad
09.2022 - Current
  • Adept at managing high-risk client portfolios, ensuring regulatory compliance, and executing robust data analysis to mitigate financial crime risks.
  • Highly skilled in coordinating with international teams, streamlining processes, and leading compliance initiatives that ensure operational efficiency.
  • Proven track record in quality assurance, investigation management, and maintaining high standards of service.
  • Recognized for analytical acumen, meticulous attention to detail, and ability to lead teams towards successful compliance outcomes.
  • Led a specialized team responsible for conducting end-to-end TM case investigations, identifying and mitigating risks, improving processes, and ensuring compliance with regulatory requirements.
  • Collaborated effectively with stakeholders to enhance the effectiveness of investigative review processes through insights, information sharing, and process improvement initiatives.
  • Analyzed significant financial crime risk events such as SARs and production orders, ensuring accurate identification and reporting across all relevant jurisdictions, including cross-border cases.
  • Demonstrated exceptional governance skills by promptly informing senior management about serious regulatory breaches, leading to quick remediation actions and risk mitigation strategies.
  • Reviewed customer profiles, documentation, and data for accuracy, completeness, and adherence to KYC standards.
  • Liaised with internal Investor Relations team to respond to investor and customer AML queries promptly and accurately.
  • Maintained a database of High-Risk investors and implemented appropriate actions as per company guidelines.
  • Ensured AML applications were consistent with the Company's AML policy and risk assessment.
  • Managed customer relationships for new and existing customers, delivering a high-quality service level and responding to queries in a timely manner.
  • Successfully managed the implications of financial sanctions imposed by OFAC, HM Treasury, EU, and UN.
  • Implemented robust risk management strategies to mitigate potential threats and maintain compliance.
  • Provided information to management regarding AML/CDD issues arising and assisted with specific projects as needed.
  • Maintained a professional relationship with customer and stakeholders, representing the company with excellence.
  • Identified discrepancies and inconsistencies in customer information and documentation, and promptly escalated issues for resolution.
  • Developed and implemented policies and procedures to manage risks associated with politically exposed persons (PEPs).
  • Ensured the bank's compliance with regulatory expectations around dealing with PEPs.
  • Spearheaded the Control and Compliance function, ensuring adherence to international and local banking regulations.
  • Led a team of investigators to conduct thorough AML investigations and due diligence processes on high-risk clients.
  • Conducted data analysis to detect and investigate potential money laundering or suspicious activities.
  • Participated in internal and external audits to ensure compliance and address any identified issues or gaps.
  • Maintained proper documentation and records of quality control activities and findings.
  • Conducted comprehensive enhanced due diligence on high-risk customers, including politically exposed persons (PEPs) and clients from high-risk industries, to assess their risk profiles.

Senior Officer - Compliance

Sharaf Exchange LLC/Dubai
Hyderabad
11.2019 - 08.2022
  • Screened names, conducted account-based research on lists, and gathered reports from reputable sources to check for signs of money laundering.
  • Identified red flag issues and escalated within the AML framework for further investigation.
  • Assessed transactions and customer relationships for money laundering activities.
  • Executed thorough due diligence on all clients, including PEPs, High-Risk customers, and Enhanced Due Diligence on Clients Involved in High-Risk Industries.
  • Specialized due diligence on clients with PEP World-Check.
  • Kept track of transactions per the norms and procedures of the central bank and reported suspicious transactions to the FIU.
  • Screened clients against OFAC, Sanctions, PEP, and Negative media and escalated the positive hits to the Central Bank of UAE.
  • Upholding the internal control requirements of the Central Bank, which includes prompt execution of internal and external audit points as well as any concerns brought up by external regulators.
  • Kept an eye on AML operations to ensure compliance with relevant corporate rules, procedures & external regulations.
  • Provided support to the Money Laundering Reporting Officer (MLRO) in meeting the duties of the AML Unit regarding regulatory requirements, AML/CFT policies and processes, and international standards for the prevention of Money Laundering, Terrorist Financing, and Proliferation Financing.
  • Prepared and submitted regulatory filings, reports, and disclosures accurately and within specified deadlines.
  • Developed and maintained effective compliance monitoring and reporting systems to ensure ongoing compliance with regulatory obligations.
  • Conducted investigations into potential compliance breaches or violations, including the gathering and analysis of evidence, and recommended appropriate actions and remediation measures.
  • Utilized advanced screening tools and databases to conduct thorough sanction screening and identify potential matches with government watchlists and regulatory requirements.
  • Conducted in-depth investigations and analysis of customer information, transactional data, and adverse media to identify and mitigate potential risks.
  • Developed risk assessment reports and provided recommendations for risk mitigation strategies to senior management and stakeholders.
  • Collaborated with cross-functional teams, including compliance officers, legal departments, and operations teams, to ensure effective risk management and adherence to regulatory requirements.
  • Stayed updated on industry trends, regulatory changes, and best practices related to EDD and sanction screening.
  • Provided training and guidance to team members on EDD procedures, sanction screening processes, and compliance requirements.
  • Conducted in-depth investigations into flagged transactions, including reviewing customer profiles, transactional data, and supporting documentation.

Deputy Manager

Axis Bank Private Limited
Hyderabad
12.2014 - 11.2019
  • Conducted comprehensive KYC checks and due diligence on new and existing clients, ensuring compliance with regulatory requirements and internal policies.
  • Assessed customer risk profiles based on various factors, such as business activities, jurisdiction, reputation, and ownership structures.
  • Reviewed client-provided documentation, including identification documents, ownership structures, and legal agreements, to verify authenticity and accuracy.
  • Performed enhanced due diligence (EDD) on high-risk clients, investigating complex ownership structures, politically exposed persons (PEPs), and adverse media.
  • Analyzed client transactions and account activities to identify unusual or suspicious patterns, escalating potential money laundering or illicit activities for further investigation.
  • Provided compliance advisory support to internal stakeholders, offering guidance on KYC requirements, regulatory obligations, and risk mitigation strategies.
  • Stayed updated with AML/CFT regulations and industry best practices to ensure adherence to regulatory standards and contribute to the development of robust compliance frameworks.
  • Prepared and maintained accurate and comprehensive KYC files and documentation, including risk assessments, due diligence reports, and suspicious activity reports (SARs), in accordance with internal and regulatory requirements.
  • Collaborated with internal and external stakeholders, addressing inquiries, providing necessary information, and supporting regulatory examinations or audits.
  • Conducted periodic reviews and quality checks on KYC files and processes to identify areas for improvement and mitigate compliance risks.

Education

Post Graduate Diploma - Banking Services

Manipal University, Bangalore
01.2014

Master of Business Administration (MBA) - HR & Marketing

Osmania University, India
01.2012

Bachelor of Technology (BTech) - CSE

Jawaharlal Technological University, Hyderabad
01.2010

Skills

  • Investigative Skills
  • Anti-Money Laundering
  • Risk testing & Compliance
  • Customer Due Diligence
  • ML/TF Surveillance
  • Transaction Monitoring
  • Regulatory Compliance
  • Risk transfer & Swift payments
  • Custodian settlement
  • Sanction Screening
  • Enhanced Due Diligence
  • Risk Management
  • Compliance Policies
  • Training/Quality Assurance
  • Trade life cycle
  • World Check
  • Firco soft
  • Media check
  • Amlock
  • Firco Trust
  • Bloomberg
  • SMSA
  • Factiva
  • Watch out Investors
  • EMIS
  • Corpository
  • MS Office Suite
  • CRM
  • Finacle 10
  • Shield
  • Café
  • Casmex
  • Dow Jones Applications
  • Lexis Nexis

Certification

  • Certified Anti-Money Laundering Expert (CAME), Pursuing
  • End to End AML KYC (Anti-Money Laundering and KYC), 2023
  • Fighting Modern Slavery and Human Trafficking (ACAMS), 2020
  • Money Laundering and Terrorist Financing (UDEMY), 2020
  • Certified AML - KYC Compliance Officer from (Vskills), 2018
  • Blockchain Essentials (IBM Tealeaf), 2020
  • Ethical Alliance Certified Member Certification from Ethical Alliance, 2020
  • Risk-Based AML, KYC And Compliance (UDEMY), 2020

Accomplishments

  • Recognized with the 'Best Employee' award for making exceptional contributions to improving the bank's Transaction Monitoring process.
  • Successfully led a team that improved the end-to-end investigative review process, resulting in enhanced efficiency and accuracy in identifying risks and gaps.
  • Played a crucial role in promptly addressing serious regulatory breaches, ensuring compliance and risk tolerance within the organization.

Timeline

International Compliance Senior Manager - ICICI Bank Limited
09.2022 - Current
Senior Officer - Compliance - Sharaf Exchange LLC/Dubai
11.2019 - 08.2022
Deputy Manager - Axis Bank Private Limited
12.2014 - 11.2019
Manipal University - Post Graduate Diploma, Banking Services
Osmania University - Master of Business Administration (MBA), HR & Marketing
Jawaharlal Technological University - Bachelor of Technology (BTech), CSE
TALARI PAULSON