TUSHAR SUKLAL SABNE
Pune
Summary
Seeking all level assignments in AML, OFAC Client Due Diligence, Enhance Due Diligence, Client on Boarding, AntiMoney Laundering, KYC, Transactions Monitoring at Account and Customer level Case Management.
Result Oriented Professional with nearly 11 years of experience in Investment Banking, Anti Money Laundering, KYC, CDD; EDD; & Client on boarding, SAR; OFAC, Sanction countries, Transaction Monitoring, PEP investigation & relationship, Source of funds, World check; Manage SLA on production and quality; SME for AML & KYC; Team Handling.
Overview
12
12
years of professional experience
1
1
Certification
Work History
Business Process Lead - Process - KYC / AML / TM
TATA Consultancy Services Limited
11.2015 - Current
- Company Overview: (HSBC Investment Bank) Pune
- Monitoring and analyzing the ongoing transactions
- Reviewing the AML/alerts cases investigated by the analyst to ensure that the alerts and cases are investigated as per the AML regulations, review includes analysis of customer transaction, customer background, profile, internet researches, world check, 192.com and customer historical transaction patterns
- Conduct proper identification of CDD, money laundering alerts or occasional transactions considered suspicious
- Verifying the transactions as per the Rule-Bases systems predefined rule thresholds to flag suspicious transactions
- Assign the risk score to transactions based on various factors such as transaction amount, frequency and geographic location
- Collecting and analyzing legal due diligence documentation required to confirm capacity and authority of counterparties
- Raising an RFI for the anomalous transactions
- Identifying and detecting the structuring of the transactions
- Identifying the true beneficiaries behind the transactions and activities
- Analyzing historical data transaction patterns that precede and help to prevent future incidents
- Identifying the high-risk customer who required the close scrutiny and continues monitoring
- Identifying and checking storage all legal due diligence documents
- Identifying and verifying occasional transactions, investigating triggered review
- Identifying and verifying customer documents, like: Passport, Identity Card, Director position and company registration with internal and external sources
- Identifying and established the background and purpose of complex, unusual large transactions
- Understand the respective CDD, EDD, and PEP verification to understand the client risk
- Researched, wrote, and reviewed Suspicious Activity Reports on a daily basis while ensuring compliance with federal regulations
- Used transactional and customer records, external data, publicly- available information, and other information to identify suspicious or unusual activity
- Performed detailed analyses to detect patterns, trends, anomalies and schemes in transactions and relationships across multiple businesses/products
- Responsible for identifying and researching the patterns, trends and anomalies in complex transactional and customer data to detect, prevent, mitigate and report suspicious activity related to money laundering, terrorist financing and structuring
- Reporting MBR, QBR, Appraisal Matrix, Performance Matrix, Query tracker, SOP Preparation
- (HSBC Investment Bank) Pune
Lead Senior Financial Analyst - Process - KYC, AML & Transaction Monitoring
Wipro Limited
04.2014 - 10.2015
- Review new customer accounts and verify their identities
- Investigating on triggers alerts for the transactions that exceed certain risk thresholds, requiring further investigation
- Identification and background verification of the ultimate beneficiary
- Historical investigation on the customer account and profile to prevent money laundering; terrorist financing; and other illicit financial activities
- Identifying the geographical risk where company conduct the business with attention to high-risk jurisdictions
- Review the customer accounts and write full case studies for the next level investigation
- Reviewing the prepared suspicious activities report (SAR) case level
- Monitoring on the customer transaction activities and findings of source of fund, UBO and relationships
Operation Executive - Process - KYC & AML
The Bank of New York Mellon
07.2012 - 04.2014
- Conduct investigations on Cases and Alerts produced through the banks automated AntiMoney Laundering System or through internal referrals, Subpoenas or 90 Day SAR Reviews
- Well versed in completing and reviewing Enhanced Due Diligence Investigations
- Gather, prepare & package documentation & information on a diverse group of customers, accounts & monetary transactions in accordance with Federal regulations & specific bank requirements, standards & processes
- Documented and monitored risk mitigation activities, surveillance of account activities and monitoring of structural changes for internal and external audit needs
- Conducted initial analysis and assessment of alerts generated from CAMP using internal/external research tools
- Evaluated wire transfers and other payments for potential fraud, money laundering, patterns and inconsistencies
- Analyzed potential Office of Foreign Assets Control (OFAC) hits to ensure transactions were in compliance with United States sanctions
- Researched, wrote, and reviewed Suspicious Activity Reports on a daily basis while ensuring compliance with federal regulations
- Used transactional and customer records, external data, publicly- available information, and other information to identify suspicious or unusual activity
- Performed detailed analyses to detect patterns, trends, anomalies and schemes in transactions and relationships across multiple businesses/products
- Responsible for identifying and researching the patterns, trends and anomalies in complex transactional and customer data to detect, prevent, mitigate and report suspicious activity related to money laundering, terrorist financing and structuring
- Handling 18 people team, monitoring client issues, attending client meetings, escalating internal & external issues
Education
MBA - Finance
University of Pune
B.Com. - Accounts
North Maharashtra University
HSC - Commerce
North Maharashtra University
SSC - undefined
A.B Boys High School
Skills
Investigate and assess alerts
Identify and monitor suspicious activities
Subject matter expert
KYC (Know Your Customer)
CDD (Customer Due Diligence)
EDD (Enhanced Due Diligence)
Verifying customer identity
Monitoring customer accounts
Collecting and analyzing legal due diligence
Client Relationship Management
Managing service operations
Customer support
Assessing customer feedback
Evaluating areas of improvement
Providing critical feedback
Achieving customer satisfaction
Management reporting MBR, QBR performance matrix, query tracker, appraisal matrix,Score Card, SOP preparation
Certification
KYC & AML certification, TCS, Higher, 06/01/24
Personal Information
- India
- Overseas
- Date of Birth: 01/16/85
Careersummary
11, Investment Banking, Anti Money Laundering, KYC, CDD, EDD, Client on boarding, SAR, OFAC, Sanction countries, Transaction Monitoring, PEP investigation, Relationship Management, TATA Consultancy Services Limited, Pune, Business Process Lead - Client Due Diligence, Enhance Due Diligence, Client on Boarding, Anti-Money Laundering, KYC, Transactions Monitoring, 11/01/15
Disclaimer
I hereby declare that the particulars stated in my resume are true to the best of my knowledge and belief. I shall be responsible for any incomplete and false information in my resume., 01/01/24, Pune, TUSHAR SUKLAL SABNE
Timeline
Business Process Lead - Process - KYC / AML / TM
TATA Consultancy Services Limited
11.2015 - Current
Lead Senior Financial Analyst - Process - KYC, AML & Transaction Monitoring
Wipro Limited
04.2014 - 10.2015
Operation Executive - Process - KYC & AML
The Bank of New York Mellon
07.2012 - 04.2014
MBA - Finance
University of Pune
B.Com. - Accounts
North Maharashtra University
HSC - Commerce
North Maharashtra University
SSC - undefined
A.B Boys High School