Ram Nalawade Email & Phone Number

United States

United States

Chicago, Illinois, United States

• Reviewing KYC for Funds, SPV’s, NBFI, Trust, Individual, PIC (Personal Investment companies) and Operating Companies (SPOC/LPOC) for new clients as well as existing clients.• Responsible to review each element of KYC like, Client Information, Special Due diligence, Joint relationship, Additional parties, Name Screening Review (CLS), SPDD, Product Due diligence, Account Due diligence, AML Risk Summary, Lexis Nexis Check, Risk Rating and Documentation review.• While reviewing KYC for entities, identifying CIP (Customer Identification Program) for entities such as Entity Name, EIN/TAX ID, Entity legal address and Date of Incorporation, etc.• Individual CIP includes DOB, Name, Government ID’s and Location.• Strong understanding of ownership structures such as (Ultimate beneficial owner, Intermediary Owner, Trustees, Grantors, Capital Contributor, General partner, Controller general partner, Senior Managers, Authorized Signers, etc.• Conducting Periodic KYC depending upon risk rating of client such as Low, Medium and High risk.• Reviewing and recording SOW (Source of Wealth) for individual and business owners and also corroborating SOW through publicly available media or bank statement, etc.• CLS review (Name Screening) must be cleared such as PEP, Negative Media (Adverse), Sanction (OFAC) and Internal Screening.• Proficient on different external sources and tools such as Worldcheck, Lexis Nexis, Secretary of state (SOS), Companies House, Bloomberg, SEC (Securities Exchange Commission), FinCEN, etc.• Strong understanding of various documents such as Incorporation/Formation Document, Legal partnership Agreement, Articles of association, Certificate of Trust, ADV, AML Questionnaire, Private Placement Memorandum, Private Equity Questionnaire and LLC agreement, etc.• Performing CDD which includes Geography, Business, Financial and Related Parties information whereas EDD includes Customer Risk, Country Risk and Product/Transaction Risk.

Hyderabad, Telangana, India

• Worked for CLS (Client List Screening or Name Screening) where responsibility was to screen bank customers against watch list entities (WLE) to mitigate risk of money laundering, terrorist financing and other illicit activities.• Spent long time working on different processes under CLS like PEP, Negative Media, TRMRL, SPOI, and Sanction in which worked on different levels (Level1 & Level2).• I was also part of CRT (Central Review Team) where worked as Quality Analyst and responsibility was to review alerts, preparing different reports like RCA reports, Weekly and Monthly Stats.• Managing process related queries and giving training to new joiners.• Performing screening for individuals, Entities and Sanctioned countries.• Knowledge about various types of case Management tools like, SCDM, OWS, World check and Lexis Nexis, etc.• Conducted due diligence on corporate clients to assess potential risks, Verified the identity of corporate clients and beneficial owners through appropriate documentation.• Assessed the nature of the client's business activities and the source of funds. Reviewed and analyzed adverse media and sanctions screening results related to corporate clients.• Responsibility to do research and find business related information such as Legal Entity Name, Ownership (Beneficial or Ultimate owner), Company ID, Nature of Business and so on.• Checked CIP information of Individual or entity, including Entity Existence (Closed/Active).• Responsible to check client banking Products and also (Country of Incorporation and Domicile) for the purpose of CDD/LDD (Country/Local Due diligence) –• Strong hands on corporate clients KYC (Public, LPOC, SPOC).• Working on various KYC tools such as COLT, Isearch, etc.• Was responsible to check negative media like Sanctions imposed, etc.

Hyderabad, Telangana, India

• Handled a team of 19 members where responsibility was to drive metrics of team.• Preparing various reports such as Production, Quality, Shrinkage and Attrition, etc• Worked for global customer experience process (Google) as Quality Analyst where responsibility was to audit the cases and give feedback.• I was part of Data Prep Team responsible for preparing Suspicious Activity Report (SAR).• Monitored transactions of US based customers to identify the purpose and nature of the transactions.• Performed investigation on customer transactions, in case any suspicious activity then SAR (suspicious activity report) would be filled.• Whenever CTR (Currency transaction report) is crossed that case has to be investigated to know the purpose of the transaction so it will not be used for illicit activities.• Knowledge about Anti money laundering (AML) Process and KYC (Know your Customer) document Requirement.• Working on different queues as per priority like sanctions, PEP (politically exposed persons), Group exits and ISCION Fraud.• Responsibility was to make sure that banking system should not be used for illicit activities.• Have knowledge on KYC of United Kingdom like passport, National insurance number and other KYC documents.• Performed country screening as well to ensure that customer is not from SSC countries (sensitive sanctioned countries).• Knowledge about KYC process which includes both the CDD and EDD, how to perform both the checks while on boarding the customer and ongoing basis.• Conducted risk assessments on high-risk customers, products, services, and geographic locations to identify potential money laundering or terrorist financing risks.• Developed detailed profiles of high-risk customers, including their business activities, ownership structures, beneficial owners, and transaction patterns• Conducted enhanced due diligence on politically exposed persons (PEPs).

Hyderabad, Telangana, India

• Responsibility is to take care of all retail queries and reply within committed time by closing the cases.• Managed Savings, Loan and credit card operations and I was taking care of product and process related concerns.• Experience in AML & Transaction monitoring process.• Reviewed and approved alerts generated by the Transaction Monitoring system for further investigation.• Investigated flagged transactions by conducting research, gathering additional information, and analyzing customer transaction history.• Document findings and prepare suspicious activity reports (SARs) for submission to regulatory authorities as necessary.• Collaborated with other departments such as Compliance, Legal, and Fraud Investigation to escalate and resolve suspicious activity cases.• Provided oversight and guidance to the Transaction Monitoring team on regulatory requirements related to anti-money laundering (AML) and counter-terrorist financing (CTF).• Analyzed various types of transactions such as ATM Transactions, Cash Deposit, Checks, etc to understand transaction pattern.