YOGESWARAN M
Anti-Money Laundering Specialist
Chennai
Summary
Experienced Financial Crime Compliance specialist with a proven track record in transaction monitoring, quality assurance, regulatory compliance, and delivering impactful results. Collaborative and adaptable, adept at working effectively in team environments and adjusting to changing needs. Demonstrated expertise in AML frameworks, KYC, CDD/EDD processes, sanction screening, and fraud investigations, consistently driving successful outcomes. Skilled in utilizing advanced analytical tools and providing constructive feedback to ensure compliance with regulatory standards. Recognized for reliability and a strong focus on achieving objectives.
Overview
10
10
years of professional experience
6
6
Certifications
3
3
Languages
Work History
AML Specialist - Financial Crime Compliance
STANDARD CHARTERED BANK
Chennai
06.2022 - Current
- Conduct investigations and analyze complex financial transactions to identify potential money laundering activities, ensuring compliance with regulatory requirements.
- Conduct name/sanction screening for the triggered alerts.
- Develop and implement enhanced due diligence procedures to mitigate risks and enhance the effectiveness of the anti-money laundering program.
- Collaborate with cross-functional teams to provide subject-matter expertise on financial crime trends and regulatory developments, supporting the development of training programs for staff.
- Create manual cases based on the consolidated alerts, allowing 10% reduction in false positive closures.
- Case support for the SAR filing.
- Escalate potential risk activities for continuous monitoring scenarios.
- Utilize advanced software tools and technologies to monitor and detect suspicious activities, producing detailed reports and recommendations for management review.
AML Analyst
WIPRO DO&P LIMITED
Chennai
11.2019 - 06.2022
- Conduct investigations on potentially suspicious financial activities, utilizing various data sources to identify potential money laundering risks.
- Performing the assessment and quality control in accordance with the SOP procedure & country addendum.
- Ensuring compliance with all AML laws, regulations, guidelines, written procedures; OFAC, KYC, customer/ transaction monitoring.
- End to End support of Onboarding and Periodic review for corporate client(s) and individual(s) using monitoring system.
- Sanction Screening and Remediation; Review and monitor all alerts queued for compliance review in Sanctions screening tool.
- Escalate the potential hits/alerts for further investigation.
- Carry out complex research/investigations in order to confirm whether the potential matches on the watch list are actual matches according to laid down guidelines.
- Managed transaction monitoring and name screening process simultaneously, allowing 5% cost-efficiency for the client.
- Maintaining up-to-date knowledge of AML and KYC requirements.
Assistant Manager - KYC Operations
SHINHAN BANK
Chennai
03.2018 - 10.2019
- Manage and authorize approximately 5 new account relationship per day.
- Improved account opening operations, allowing hassle-free documentation process and 10% increase in customer satisfaction.
- Conduct thorough customer due diligence to ensure compliance with KYC regulations.
- Verify and analyze onboarding customer documentation to establish identity and assess risk level.
- Collaborate with internal teams to streamline onboarding processes and improve efficiency
- Perform reputational checks on profile, including politically exposed persons screening and adverse and sanction checks.
- Managed a portfolio of high-risk clients, conducting ongoing monitoring and updating documentation as needed.
Assistant Manager - Branch Banking Operations
HDFC BANK LIMITED
Chennai
06.2015 - 07.2017
- Accountable for the day to day smooth and error-free functioning of the functions / duties associated with Branch Operations, Customer Service, Branch Administration, risk management and Audit / Compliance & Control framework for the Branch.
- Fortnight Review of large Cash Transactions, AML, Monitoring Suspense Accounts and Dormant accounts.
- Review and authorizing 3 account opening documents for new and existing customers per day.
- Perform 100% background verification on individuals and entities using monitoring and screening systems.
- Performing periodic checks on customer profiles.
- Prioritized tasks with seamless operations, allowing increase in sales target by 25%.
- Writing relevant memos and reports representing accurate information and documentation.
Education
MBA - Operations and Marketing
KCT Business School
Coimbatore 01.2013 - 2015.01
B.E - Civil Engineering
Jerusalem College of Engineering
Chennai 01.2009 - 2013.01
Skills
- Anti-money laundering compliance
- Problem-solving skills
- Meticulous in quality control
- Interpersonal communication
- Team coordination
- Comprehensive client due diligence
- Customer due diligence proficiency
- Sanction screening expertise
- Quality control expertise
- Risk analysis expertise
- Financial transaction analysis
- Anti-money laundering compliance
Certification
IIBF - Certified AML/KYC
Web
https://www.linkedin.com/in/yogeswaran-moorthy-553b5080
Timeline
IIBF - Certified AML/KYC
09-2023
AML Specialist - Financial Crime Compliance
STANDARD CHARTERED BANK
06.2022 - Current
AML Analyst
WIPRO DO&P LIMITED
11.2019 - 06.2022
Assistant Manager - KYC Operations
SHINHAN BANK
03.2018 - 10.2019
Assistant Manager - Branch Banking Operations
HDFC BANK LIMITED
06.2015 - 07.2017
MBA - Operations and Marketing
KCT Business School
01.2013 - 2015.01
B.E - Civil Engineering
Jerusalem College of Engineering
01.2009 - 2013.01
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