TEJASVI JAGDISH BHAVSAR
Mumbai,Maharashtra
Summary
AML/KYC Compliance Analyst with over five years of experience in anti-money laundering (AML), know your customer (KYC), and transaction monitoring in the financial services industry. Skilled in high-risk account reviews, enhanced due diligence (EDD), and suspicious activity report (SAR) filing. Proficient in client onboarding, risk assessment, and regulatory compliance, with a proven ability to manage competing priorities and deadlines. Exceptional analytical skills, effective communication, and a collaborative approach to team leadership and stakeholder engagement.
Overview
8
8
years of professional experience
4
4
Certifications
Work History
Compliance AML/KYC Analyst
Citicorp Services India Private Limited
02.2023 - 02.2024
- Led KYC onboarding, reviews, and offboarding for cross-border institutional clients (e.g., asset managers, broker-dealers), ensuring AML/CFT and jurisdictional compliance.
- Conducted EDD on high-risk entities, analyzing ownership structures, offshore accounts, and transaction patterns.
- Validated documentation (CIP, resolutions, source of funds/wealth, tax residency) for international risk assessment, aligned with FATCA, CRS, and local regulations.
- Filed SARs for cross-border risks like trade-based ML, sanctions evasion, and high-risk jurisdictions, using OSINT and adverse media.
- Managed records via Salesforce, TPSS, and Document Direct for audit readiness and compliance in APAC, North America, and EMEA.
- Collaborated with Compliance, Legal, and Risk teams for approvals on high-risk/sanctioned clients, mitigating reputational/financial risks.
- Trained junior analysts on KYC/AML standards, including Wolfsberg Principles, FATF, and regional nuances.
Compliance Operations Executive
NIUM
01.2021 - 01.2023
- Acted as SME on AML/ATF, Sanctions, and ABAC, providing technical analysis and operational support to cross-functional teams.
- Designed and implemented compliance workflows, products, and enhancements to improve risk controls and efficiency.
- Prepared and filed CTRs, SARs, and STRs within regulatory timelines to ensure compliance.
- Reviewed transactions and data against watchlists (OFAC, UN, EU, PEPs, adverse media), escalating anomalies, sanctions risks, and unusual activity.
- Developed consolidated compliance reports for AML and Sanctions/ABAC programs to aid governance, audits, and reviews.
- Collaborated with stakeholders on investigations, due diligence enhancements, and adherence to evolving regulations.
KYC Analyst
Oracle Securities Pvt. Ltd.
01.2019 - 10.2019
- Performed KYC checks for global clients per Financial Services Commission (FSC) regulations, verifying client data and risk profiles.
- Conducted enhanced due diligence for high-risk clients, including OFAC/World-Check screenings and manual identity verification via Onfido.
- Escalated compliance issues involving sanctioned entities to senior management for resolution.
Internal Audit Assistant
Mahesh & Co. Chartered Accountants
01.2017 - 01.2018
- Supported internal audit processes, ensuring accurate documentation and compliance with regulatory standards.
Project Assistant Manager
HDFC Standard Life Insurance
12.2016 - 03.2017
- Conducted KYC due diligence reviews, indexing documents and analyzing client risk profiles in the document imaging system.
- Collaborated with stakeholders to resolve regulatory and compliance issues under time-sensitive conditions.
Finance Risk & Operations Treasury Analyst
Citi Shared Services
11.2015 - 02.2016
- Managed daily cash balances, liquidity, and trading activities in financial markets to support corporate operations.
- Analyzed funding needs and negotiated loan terms to optimize cash flow.
Education
Master of Business Administration (MBA) - Finance
Jodhpur National University
India05-2015
Bachelor of Commerce - Accounting & Finance
Mumbai University
India04-2013
Skills
High-Risk Account Reviews
Enhanced Due Diligence (EDD)
Suspicious Activity Report (SAR) Filing
OFAC Sanctions Screening
Client Onboarding
Transaction Monitoring
Risk Assessment
Negative News/PEP Determination
MS Office
Oracle Database
Analytical Skills
Interpersonal Skills
Conflict Resolution Skills
Team Collaboration
Leadership
Custom Section
- High-Risk Account Reviews and Enhanced Due Diligence (EDD)
- Suspicious Activity Report (SAR) Filing and OFAC Sanctions Screening
- Client Onboarding and Transaction Monitoring
- Risk Assessment and Negative News/PEP Determination
- Proficient in Office Suite (Excel, Word, Outlook) and Oracle Database
- Strong Analytical, Interpersonal, and Conflict Resolution Skills
- Team Collaboration and Leadership
Personal Information
Nationality: Indian
Certification
BFSI Certified
Timeline
Compliance AML/KYC Analyst
Citicorp Services India Private Limited
02.2023 - 02.2024
Compliance Operations Executive
NIUM
01.2021 - 01.2023
KYC Analyst
Oracle Securities Pvt. Ltd.
01.2019 - 10.2019
Internal Audit Assistant
Mahesh & Co. Chartered Accountants
01.2017 - 01.2018
Project Assistant Manager
HDFC Standard Life Insurance
12.2016 - 03.2017
Finance Risk & Operations Treasury Analyst
Citi Shared Services
11.2015 - 02.2016
Bachelor of Commerce - Accounting & Finance
Mumbai University
Master of Business Administration (MBA) - Finance
Jodhpur National University