Magendran K Email and Phone Number

Manager (Pay and transaction Advisor); Transaction Monitoring - Correspondent Banking and TBML• Managing AML and FCU (Sanctions and Reputational Risk) Level 2 for Trade Process; Handling AML and FCU related cases which are escalated by the trade operations team. Reviewing the trade transactions with respect to Invoicing (Over/Under invoicing), Line of business of the parties, Assignment of proceeds, Pricing and Weight mismatches etc. Based on the review conducted; Approve/reject the transaction appropriately. In addition, providing extended support to Transaction Monitoring CB team.• Reviewing the escalated True alerts to L2 with respect to hits against Sanctioned Countries, Entities and Individuals and Embargoed countries etc. Based on the researches undertaken; closing the alerts as False Hit and escalating the Possible true alerts by preparing templates and comments to the next level for their further review.• Document and report the investigation findings and prepare case files for review (eg. Media search results, copies of statements/checks, results from internal system researches etc).• RFI and SWIFT will be sent to RD/Customer to obtain additional information for our review. Concurrence will be obtained from onshore team if needed.• Preparing Financial crime Monthly review pack and presenting the same Globally.• Weekly and Monthly MIS will be prepared and presented in Monthly Calls.• Appropriate feedbacks will be sent to the Trade operations team for unwarranted escalations/Referrals.• As a one point of contact; responsible for whole AML and FCU related trade transactions and associated deliverables.• As part of cross training; involved in new application (TPS) migration and testing.

Associate Manager – Transaction Monitoring – FCC UAE ACT team• Managing ACT cases which are escalated by AA team for the end decision – closing based on enhanced search and RBA or recommending SAR filing with Central Bank.• Handling transaction monitoring process for Retail, KYC and KYCC customers transactions.• Recommending SAR for the cases which are unusual and having discussion with FCC team and MLRO with respect to concurrence and other requirements.• Reviewing end to end customer’s accounts, customer behavior, involvement of high-risk countries and counterparties.• Customer’s current and previous accounts are completely reviewed.• Having check for DIFC clients and the same has been reported with concerned team.• Based on the review; CDD update has been sent to the team for their check.• Initiating additional RFI/SWIFT for the transactions which helps in mitigating risk involved.• Scheduling Weekly/Monthly calls with team and FCC ACT team for sharing the volumes, Quality check and process updates.• Giving feedback to the AA team for the unwarranted escalations.• As a part of Country FCC – clearing the cases without TAT breach with expected accuracy.

Lead Analyst –Negative News Screening and KYC Project• Managing Negative news screening process and KYC Project.• Reviewing periodic reviews for banking clients globally and adhering to each country’s compliance policies.• Obtaining all relevant information from the business/clients or public media searches to ensure the client’s information is valid and or any changes in during the review. • Collaborating with Global financial crime to ensure that all the risk borne by the client are addressed and documented.• Working with Client’s team to detect potential money laundering and terrorist financing activity and reports unusual/potential escalations to respective team. • Monitoring/analyzing transactions and account in investigations of potential suspicious and money laundering/ terrorist financing activities within a given timeframe.• 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.• Used transactional and customer records, external data, publicly- available information, and other information to identify suspicious or unusual activity.

Monitoring and reviewing transactions based on the detection scenario in order to identify and investigate potential suspicious activities which involves examination of customer records and documents using public domain and other available source systems. Alerts will be reviewed by first level and if it warrants further investigation and it will be converted to case for next level of review.

Worked for the process of Sanctions which deals with the Global Payments Processing which is responsible for the payments across the globe with in the cut-off times provided

 Analyzed the Annual Reports and Balance Sheet of the Companies for information.(i.e. Revenue comparisons & Growth Analysis, Profit & Losses)

 Reviewing the payments with the help of available source system and gain adverse information with the available source systems, public domain searches and World check results.