Vivek Kumar
Banking And Finance
Delhi
Summary
Senior Associate with an experience of more than 4 years in Transaction Monitoring, AML/KYC, CDD, EDD, SAR, UAR filing and risk management in retail banking and multiple other projects. Currently, managing a team of 12 skilled analysts working closely on money laundering alerts.
Overview
4
4
years of professional experience
2
2
Languages
Work History
Associate Analyst 2
AML Right Source
04.2024 - Current
- Performing transaction monitoring alerts generated and reviews of existing client files, ensuring continued adherence to AML/KYC requirements by UAR and SAR filing.
- Managing a team of 12 analysts to implement monitoring systems to effectively track suspicious transactions and flag potential money laundering cases for further investigation.
- Enhancing transaction monitoring system efficiency by streamlining processes and implementing risk-based approaches.
- Complying with Bank Secrecy Act, OFAC Guidelines, USA Patriot Act etc. as well as adhering to company policies and procedure and client requirement.
Senior Associate
Exl India Pvt Ltd
11.2023 - 04.2024
- Running Sanctions check by using tools like D&B, Lexis Nexis, Bridger etc. and Researching incoming payments, validating their information and investigating missing data elements within agreed SLAs.
- Reaching out to external Bank partners where required to obtain
information and Reviewing responses from internal and external stakeholders performing analysis and due diligence on data received. - Escalation of suspicious and high risk payment to financial crime team.
- Having a good skillset in Transaction monitoring, Mobile check deposits, IP verifications, Wire transfer funding’s, Money mule, SAR reporting, Fraud identification and prevention, AML analysis and multiple reversals, ATO claims, ACH Claims.
Process Associate
Quinte Financial Technology Pvt Ltd
10.2020 - 11.2023
- Responsible for identifying and researching the patterns trends in complex transactional and Coustomer data to detect, prevent and mitigate and report suspicious activity related to money laundering.
- Managed deposits, withdrawals and wire transfers to process smooth banking transactions for clients.
- Conducted financial analysis for clients, guiding them towards appropriate products based on individual circumstances and objectives.
Education
Bachelor of Commerce - Commerce
University of Delhi
Delhi, India 04.2001 -
Skills
Suspicious Activity Reports (SAR)
Accomplishments
- Pinnacle Award : Appreciation for valuable contribution in Client Level Meeting & Escalations at American Express
- Received Blue Rewards Certificates at American Express for going an extra mile for Client Satisfaction
- Process Lead for Third Party payment process, built SOPs for the department and trained a team of 8.
Timeline
Associate Analyst 2
AML Right Source
04.2024 - Current
Senior Associate
Exl India Pvt Ltd
11.2023 - 04.2024
Process Associate
Quinte Financial Technology Pvt Ltd
10.2020 - 11.2023
Bachelor of Commerce - Commerce
University of Delhi
04.2001 -
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