Vinay Kumar Guntuka
Hyderabad
Summary
Results-driven finance professional with a strong focus on AML/KYC compliance, dedicated to leveraging expertise in financial analysis and regulatory frameworks. Proven track record of enhancing operational efficiencies and risk management strategies. Committed to continuous professional development and expanding knowledge within the finance sector.
Accomplished professional with over 9.5 years of experience in AML/KYC, committed to optimizing processes and reducing costs through effective resource management. Demonstrated success in delivering projects on time and achieving strategic business objectives, leveraging strong analytical skills, and attention to detail.
Overview
10
10
years of professional experience
Work History
Supervisor KYC/AML
Citco Group Services India LLP
07.2024 - Current
- Responsible for conducting Quality checks on clients of Low, Medium and High-risk clients and validating Regulatory requirements
- End to end management of client KYC process including liaison across the business, compliance and operations
- Allocation of newly generated reviews to team members and tracking the workflow
Lead Representative, AML/Prevention/KYC
BNY Mellon
11.2021 - 07.2024
- New Business Onboarding (Jan’23 – July’2024)
- Supervision of the team comprising of 6-8 Members
- Allocation of the daily incoming flow of new entities to respective LOB from shared email box
- Attending the daily escalation calls with internal stakeholders to resolve queries and assisting in completing the cases in timely manner
- Overview of AML standards implementation as per company policies
- Being key point of contact to the team for the AML/KYC Queries
- Gathering of SOD & EOD reports to manage the cases for next day
- Giving KT to the newly joined team members
- Onboard of New Business clients within 30 Days by performing accelerated KYC Review
- Onboard clients include Funds, SPV, Corporate/partnership, Broker-Dealer, NFB, NBFI & Banks
- Periodic Review (Nov’21 - Jan'23)
- Performing semi-managerial work and providing the necessary trainings for a team of 8 people
- Performing 4 eye checks for the profiles of the analysts and sharing it further with the onshore QC team for approvals
- Responsible for conducting Quality checks on clients of Low, Medium and high risk clients and validating Regulatory requirements
- End to end management of client KYC process including liaison across the business, compliance and operations
- Collaborate with the KYC Group’s counterparts in US jurisdiction on global requests
- Liaise with Clients, Front Office, Credit, Legal and Operations as necessary as part of the KYC review process
- Timely escalation of any red-flags identified in the process, where we will reach out to Compliance team for AML sign-off
- Complete KYC onboarding for new and pre-existing customer (KYC Refresh) by reviewing client documentation, vendor databases, and data entered into proprietary systems
- Develop knowledge of AML/BSA related regulations; remain current with regulatory laws, rules and guidance
- Participate in related industry seminars and training
KYC Analyst – Periodic Reviews
UBS Business Solutions India Private Limited
01.2021 - 10.2021
- The Review involves:
- Reviewing the corporate structure, Private Companies Government entities, Regulated entities
- Reviewing the Customer name screening performed against PEPs, Sanctions or any negative news captured via World Check and Factiva database and ensured that rationale used for disposition of matches generated are appropriate and potential true hits were escalated in timely manner and the justification given by the respective desk on the potential match is documented appropriately
- Compare and contrast differences within KYC records, highlight and escalate any discrepancies
- Handling Client Outreach and customer service to our internal and external customers (inclusive of confidentiality)
- Escalating Issues/factors related to Sanctions, risk elevation, AML breaches, Bribery, nature of Business, Penalties, fines etc
- To Compliance team
- Gather, prepare & package documentation & information on a diverse group of customers, accounts & monetary transactions in accordance with Federal regulations & specific bank requirements, standards & processes
Senior Analyst - KYC Remediation & CRR
Tech Mahindra Ltd, Pune
02.2019 - 01.2021
- Company Overview: Client: Bank of Nova Scotia (Investment Banking)
- KYC Remediation:
- The objective of the KYC Remediation process is to identify and collect missing or incomplete data and documentation for compliance
- Roles and Responsibilities:
- Perform client identification and verification on the Financial Intermediaries relationships, including listed companies, Individuals to analyze client relationship from a wide range of jurisdictions
- Conduct enhanced due diligence on high-risk clients including financial intermediaries and obtain sign off from senior management within Legal & Compliance and the business
- Determined whether the activity seemed legitimate or not by applying various AML regulations including the USA PATRIOT ACT, the Bank Secrecy Act and OFAC
- Assisted Compliance department with the drafting of Regulatory reports and responses to inquiries as necessary
- Identified accounts for high risk or negative information using World-Check and OFAC
- Responsible for ensuring the required policies and procedures are followed for all processes in AML/KYC like new client onboarding, Periodic Reviews, Client name screening, Sanctions, PEP’s, Anti – Bribery & Corruption etc
- Reviewed different accounts and loans application files to verify that application data is complete and meets establishment standards in order to combat fraud
- Conducted testing reviews on mandates within financial crime compliance department (AML/KYC) for both investment banking and private banking divisions
- Reviewing the customer’s name screening performed against PEP’s, Sanctions or any negative news captured via world check database and ensure that rationale used for disposition of matches generated is appropriate and potential true hits were escalated in timely manner and justification given by the respective desk (PEP desk, Sanction desk, Anti – Bribery & Corruption desk) on the potential matches documented appropriately
- Review negative media alerts from client screening tools (Such as RDC and Factiva) and escalate where necessary
- Client: Bank of Nova Scotia (Investment Banking)
KYC Analyst
BA Continuum India Pvt. Ltd. (BACI)
07.2017 - 08.2018
- Roles and Responsibilities:
- Conducted in-depth Research and KYC making of key AML and KYC functions for investment banking
- Responsible for ensuring the required policies and procedures are followed for all processes in AML/KYC like New client onboarding (KYC), Periodic Reviews, Client name screening, Sanctions, PEPs, Anti-bribery & Corruption etc
- Conducted testing reviews on mandates within financial crime compliance department for both investment banking and private banking division
- Reviewing the corporate structure, Private Companies Government entities, Regulated entities
- Reviewing the Customer name screening performed against PEPs, Sanctions or any negative news captured via World Check and Factiva database and ensured that rationale used for disposition of matches generated are appropriate and potential true hits were escalated in timely manner and the justification given by the respective desk on the potential match is documented appropriately
KYC Analyst
BA Continuum India Pvt. Ltd. (BACI)
06.2015 - 07.2017
- Transaction Monitoring on the customer’s account
- Investigation on customer’s activity as per Alert generation
- Conducting Internal fraud investigations of customer account statement, Cash, Check, ATM, ACH, Wire transfers by reviewing client transaction flow of payments of suspicious activity
- Request for Information (RFI) for customer financial background
- Investigation Report preparation for individual customer as per transaction alert
- Escalation of cases based on suspicious transactions or sanction clients as per compliance act
- Maintenance of MIS for reporting purposes
Education
MBA -
CBIT-School of Management Studies
Hyderabad01.2015
B. Com -
AV College of Arts, Science & Commerce
Hyderabad01.2013
Intermediate -
SR Junior College
Hyderabad01.2010
10th class -
St. John’s High School
Hyderabad01.2008
Skills
- Investment Banking KYC
- Regulatory Requirements
- EU AMLD
- Bank Secrecy Act
- USA PATRIOT ACT
- Screening and Research
- Transaction Monitoring
- Quick Learner
- Training and Development
- MS Office
- Communication skills
- Stakeholder engagement
- Analytical skills
- KYC & PEP Memos
- Decision-making
- Organizing
- Planning
Accomplishments
- I won a platinum award for my contribution to compliance issues
- Won a gold and three silver awards for the top performer of the month
- Finalist in the inter-college level B-plan event organized by Osmania University
- Acquired NCC C certificate
Languages
- Telugu
- Hindi
- English
Tools Used
- World Check
- Lexis Nexis
- RDC
- Bloomberg
- Bankers Almanac
- D&B
Personal Information
- Location Preference: Hyderabad
- Date of Birth: 04/23/92
- Marital Status: Married
Timeline
Supervisor KYC/AML
Citco Group Services India LLP
07.2024 - Current
Lead Representative, AML/Prevention/KYC
BNY Mellon
11.2021 - 07.2024
KYC Analyst – Periodic Reviews
UBS Business Solutions India Private Limited
01.2021 - 10.2021
Senior Analyst - KYC Remediation & CRR
Tech Mahindra Ltd, Pune
02.2019 - 01.2021
KYC Analyst
BA Continuum India Pvt. Ltd. (BACI)
07.2017 - 08.2018
KYC Analyst
BA Continuum India Pvt. Ltd. (BACI)
06.2015 - 07.2017
MBA -
CBIT-School of Management Studies
B. Com -
AV College of Arts, Science & Commerce
Intermediate -
SR Junior College
10th class -
St. John’s High School
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