Varthik Kumar

Roles and responsibilities-

• Managing queries of peers and providing real time resolution basis provided Confluence materials
• Conducting weekly meetings for cascading proposed/updated workflow guidance
• Designing professional client-facing Emails for ensuring 6 star client experience
• Performing 4 eye checks and Internal quality checks on sampled cases to ensure promised quality
• Providing insights on identifying loopholes in the updates/guidance materials

Relevant experience-

• Team handling
• Internal Quality checks
• Weekly briefings/huddle and Minutes of meeting (MOM) update
• Designing professional Emails
• Real-time queries resolution

Roles and responsibilities-

• Client onboarding specialist for U.S.-based cryptocurrency exchange platform
• Conducting manual document review for Individuals such as ID document reading of Machine reading zone (MRZ) and Visual Inspection Zone (VIZ)
• Providing client engagement support based on SLA framework with manually articulated professional Emails
• Conducting Sanctions screening such as PEP and OFAC checks for identifying clients subject to Fraud clearance, sanctions clearance, and AA clearance
• Performing Geo-location discrepancy checks and Negative news screening
• Performing Manual risk scoring to identify VIP or High value clients
• Ensuring 6 star client experience by providing resolution for Fiat, Cryptocurrency deposits and withdrawals, OTC trading, Arbitrage trading and Margin trading

Relevant experience-

• Transaction monitoring for SDNs
• Sanctions and Negative news screening along with PEP and OFAC checks
• Manual risk scoring for VIP and High risk clients
• 6 star client engagement support
• Fraud escalations
• Concluding trade options based on jurisdiction policies
• Document review such as ID, proof of source of funds (POSOF), Proof of address (POA)

Roles and Responsibilities-

• End to End (E2E) remediation for corporate entities by performing Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) by focusing on Anti-Money Laundering (AML) practices ensuring compliance with Financial Conduct Authority (FCA)
• Performing Transaction Monitoring searches based on Transaction analysis dashboard by taking necessary actions on High Value deposits, Domestic/International cash deposits or withdrawals, Source of Fund (SOF) analysis and Source of Wealth (SOW) analysis and concluding the respective transactions.
• Performing Sanctions screening on Politically exposed persons (PEP), SDN’s, OFAC screening to conclude Adverse press checks for identifying and mitigating any possible match using designated tools
• Conclude every individual case with detailed overall summary report by highlighting the history of escalations, identification of red flags if any, discount rationale for corresponding escalations and concluding- retaining or closing of Corporate account based on the risk scoring
• Handling various Triggered Due Diligence (TDD) modules including Product specific due diligence, Site due diligence for high risk clients based on transaction activities and incorporated jurisdictions
• Submitting Suspicious activity reports (SAR) and Discrepancy reporting (DR) post successful transaction monitoring and incorporation details search comparison against Public corporate registry (UKCH)
• Conducting Individuals ID verification and address verification using approved set of supporting documents
• Conducting transaction monitoring and sanctions screening basis the standard industry classification (SIC) of incorporated entity and the occupation of the shareholders
• Constructing Declaration of beneficial ownership (DOBO) of registered entities and validating manual constructed DOBOs to identify and verify the required shareholders above threshold

Relevant experience-

• End to End (E2E) Remediation
• Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) and Triggered Due Diligence (TDD)
• Transaction monitoring
• Sanctions screening
• Ownership structure (DOBO) verification
• SAR and DR reporting
• Overall Summary report on risk scoring
• Document review such as ID, Proof of address, Proof of funds and wealth, tax returns
• Standard Industry Classification (SIC) mapping