Pradeep Premkumar Email & Phone Number

Chennai, Tamil Nadu, India

• Ensuring adequate resources are available to handle KYC processes efficiently.• Regularly assessing service performance metrics.• Leveraging data insights to optimize processes.• Continuously improving KYC workflows.• Addressing issues and enhancing process quality based on feedback.• Detecting requirement of document & accessing the AML Category accurately basis on information available.• Performing checks on the profile (like legal entity name, geographic location, nature of business/industry, etc..)• Revising existing documentation available in client files and evaluate it’s applicability.• Perform public domain search for capturing client information from AML Compliance approved websites and others external sources (i.e.. Lexis/Nexis, World Check, Bankers Almanac, company websites, government websites (SEC, Companies House), etc..)• Perform screening, which includes Sanctions, Politically Exposed Person (PEP) and Adverse news screening using relevant tools to make sure the client has no potential restrictions or potential news activities.• Have strong verbal and report writing skills as they are expected to communicate with the sanctions and compliance team in case not able to mitigate negative news/hits found in offshore.• Have knowledge on what should be considered as strong and weak criteria while mitigating hits.• Calculate the risk rating using internal tools available [Financial Crime Risk Calculating Model (FCCR) or KRSM (KYC Risk Scoring Model)] accurately.• Writing memos representing accurate information and relevant documentation for all high risk cases.• Obtaining necessary approvals from the Compliance Audit Committee (CAC) or Senior Management, as applicable.• Liaise with Business Lines (BL) and Relationship Managers (RM) for missing KYC requirements and collect other mandatory information as prescribed by AML/ OFAC/ Local regulations (eg., US CIP) and guidelines.

Chennai, Tamil Nadu, India

• Ensuring adequate resources are available to handle KYC processes efficiently.• Regularly assessing service performance metrics.• Leveraging data insights to optimize processes.• Continuously improving KYC workflows.• Addressing issues and enhancing process quality based on feedback.• Detecting requirement of document & accessing the AML Category accurately basis on information available.• Performing checks on the profile (like legal entity name, geographic location, nature of business/industry, etc..)• Revising existing documentation available in client files and evaluate it’s applicability.• Perform public domain search for capturing client information from AML Compliance approved websites and others external sources (i.e.. Lexis/Nexis, World Check, Bankers Almanac, company websites, government websites (SEC, Companies House), etc..)• Perform screening, which includes Sanctions, Politically Exposed Person (PEP) and Adverse news screening using relevant tools to make sure the client has no potential restrictions or potential news activities.• Have strong verbal and report writing skills as they are expected to communicate with the sanctions and compliance team in case not able to mitigate negative news/hits found in offshore.• Have knowledge on what should be considered as strong and weak criteria while mitigating hits.• Calculate the risk rating using internal tools available [Financial Crime Risk Calculating Model (FCCR) or KRSM (KYC Risk Scoring Model)] accurately.• Writing memos representing accurate information and relevant documentation for all high risk cases.• Obtaining necessary approvals from the Compliance Audit Committee (CAC) or Senior Management, as applicable.• Liaise with Business Lines (BL) and Relationship Managers (RM) for missing KYC requirements and collect other mandatory information as prescribed by AML/ OFAC/ Local regulations (eg., US CIP) and guidelines.

Chennai, Tamil Nadu, India

• Ensuring adequate resources are available to handle KYC processes efficiently.• Regularly assessing service performance metrics.• Leveraging data insights to optimize processes.• Continuously improving KYC workflows.• Addressing issues and enhancing process quality based on feedback.• Detecting requirement of document & accessing the AML Category accurately basis on information available.• Performing checks on the profile (like legal entity name, geographic location, nature of business/industry, etc..)• Revising existing documentation available in client files and evaluate it’s applicability.• Perform public domain search for capturing client information from AML Compliance approved websites and others external sources (i.e.. Lexis/Nexis, World Check, Bankers Almanac, company websites, government websites (SEC, Companies House), etc..)• Perform screening, which includes Sanctions, Politically Exposed Person (PEP) and Adverse news screening using relevant tools to make sure the client has no potential restrictions or potential news activities.• Have strong verbal and report writing skills as they are expected to communicate with the sanctions and compliance team in case not able to mitigate negative news/hits found in offshore.• Have knowledge on what should be considered as strong and weak criteria while mitigating hits.• Calculate the risk rating using internal tools available [Financial Crime Risk Calculating Model (FCCR) or KRSM (KYC Risk Scoring Model)] accurately.• Writing memos representing accurate information and relevant documentation for all high risk cases.• Obtaining necessary approvals from the Compliance Audit Committee (CAC) or Senior Management, as applicable.• Liaise with Business Lines (BL) and Relationship Managers (RM) for missing KYC requirements and collect other mandatory information as prescribed by AML/ OFAC/ Local regulations (eg., US CIP) and guidelines.

Chennai, Tamil Nadu, India

• Ensuring adequate resources are available to handle KYC processes efficiently.• Regularly assessing service performance metrics.• Leveraging data insights to optimize processes.• Continuously improving KYC workflows.• Addressing issues and enhancing process quality based on feedback.• Detecting requirement of document & accessing the AML Category accurately basis on information available.• Performing checks on the profile (like legal entity name, geographic location, nature of business/industry, etc..)• Revising existing documentation available in client files and evaluate it’s applicability.• Perform public domain search for capturing client information from AML Compliance approved websites and others external sources (i.e.. Lexis/Nexis, World Check, Bankers Almanac, company websites, government websites (SEC, Companies House), etc..)• Perform screening, which includes Sanctions, Politically Exposed Person (PEP) and Adverse news screening using relevant tools to make sure the client has no potential restrictions or potential news activities.• Have strong verbal and report writing skills as they are expected to communicate with the sanctions and compliance team in case not able to mitigate negative news/hits found in offshore.• Calculate the risk rating using internal tools available [Financial Crime Risk Calculating Model (FCCR) or KRSM (KYC Risk Scoring Model)] accurately.• Writing memos representing accurate information and relevant documentation for all high risk cases.• Obtaining necessary approvals from the Compliance Audit Committee (CAC) or Senior Management, as applicable.• Liaise with Business Lines (BL) and Relationship Managers (RM) for missing KYC requirements and collect other mandatory information as prescribed by AML/ OFAC/ Local regulations (eg., US CIP) and guidelines.• Perform background verification on individuals and entities using appropriate tools (i.e., LexisNexis, World Check, DDIQ, Dow Jones, etc.)

Pune

• Performed Quality checks (4 eye checks) on Junior analysts Alert & Case Investigations.• Identified the potential red flags and conducting in-depth investigations, if required for triggered violations• Understanding customer activity and identifying the behavior of incoming and outgoing funds and activity is justifiable with existing customer records and KYC.• IdentifIed the originated source of funds followed by ultimate utilization of funds ensuring no money laundering / terrorism financing concerns.• Performed Adverse/Negative media, PEP and sanctions news searches using inhouse tools and third party authorized applications such as DDIQ, Fircosoft, Norkom, LexisNexis, World Check etc.• Extended research on customer and counter parties, including UBO’s of an entity, creating case upon necessity.• Requested and gathered supporting documentation from front office/relationship manager and clients for Case investigations.• Validated the case documents and liaising with RM’s by raising RFI’s for any additional information and taking a decision on case if warrants a closure or any further escalation (SAR/STR Filing)• Drafted SAR/STR’s and further sending to MLRO team for final checks for reporting to FIU/regulatory authorities• Responded to FIU’s Search & Freeze Notices and managing the internal watchlists (addition and deletion of names)• Sound knowledge on detection scenarios, AML thresholds setting, and ongoing tuning of thresholds (back-end testing).• Liaised with the analytics team and vendor (SAS) for understanding impact on alert generation in UAT environment.

Chennai, Tamil Nadu, India

• Performing AML investigations on high, medium and low risk alerts utilizing application Norkom and UCM, with its supporting applications i.e. Search engine, RDC, CLEAR, CIF, SFE and CIA.• Analyze the transactions to identify various pattern involved.• Send a request for information (RFI) to RM/BM based on need basis.• Prepare relevant detailed alert documentation containing complete investigation.• Monitoring transactions of the customers to identify and prevent money laundering by escalating the case to L2 level.

Master Of Business Administration - Mba, International Business, 1

Bachelor Of Commerce - Bcom, 1

+2, Business/Commerce, General