Basanth Kumar KL
Sanction Screening Analyst
Chennai
Summary
Dynamic Sanction Screening Analyst with extensive experience at PwC, adept at enhancing AML/KYC compliance through innovative data analysis and continuous improvement initiatives. Proficient in LexisNexis and Excel, I excel in documentation and reporting while mentoring junior analysts, driving team success in mitigating financial crime risks. Talented Banking Operation skilled at completing daily assignments and contributing to team success. Always willing to take on any task. Adapts quickly to new needs and policies. Got high quality rating for 2021.Received the "Best Performance Award" in 2023.
Overview
5
5
years of professional experience
3
3
Languages
Work History
Sanction Screening Analyst
PwC (Futuresoft Pvt Ltd)
11.2024 - Current
- Performed periodic reviews of existing client files, ensuring continued adherence to AML/KYC requirements.
- Drove continuous improvement initiatives within the AML Compliance program by regularly reviewing and updating policies, procedures, and risk assessments.
- Reduced false positives in transaction monitoring alerts through continuous refinement of system parameters based on historical patterns and trends.
- Assisted in maintaining a robust AML program by staying current on industry trends, laws, and best practices.
- Collaborated with IT team members to develop custom tools for analyzing complex datasets used in detecting fraudulent activity patterns.
- Maintained updated knowledge of relevant regulations and industry best practices to continuously improve AML/KYC processes.
- Provided guidance to junior team members, helping them grow their expertise in AML/KYC analysis techniques.
- Supported KYC processes for prospective and existing customers.
Senior Analyst
Teleperformance
05.2023 - 10.2024
- Sanction screening is a critical component of anti-money laundering (AML) and counter-terrorism financing (CTF) efforts, helping organizations comply with legal and regulatory requirements, mitigate risks, and prevent illicit actors from accessing the financial system or conducting prohibited transactions.
- Developed and implemented comprehensive KYC procedures, ensuring accuracy and completeness of client information and documentation.
- Leveraged advanced AML/KYC software and data analysis tools to enhance monitoring capabilities and streamline compliance processes.
- Managed relationships with high-net-worth individuals and corporate clients, ensuring compliance with AML/KYC regulations while maintaining excellent service standards.
- Work with the list of customers with sanctions connections to consider additional controls relating to their payments.
- To ensure full compliance with pertinent rules and regulations. Escalates issues discovered during ongoing review and assessment of AML compliance risk that require escalation to Senior Management for direction on resolution.
- Experience in reviewing and investigating transactions with reference to payments L1 & L2 alerts are closed by recording public searches and escalations further if identified containing potential matches against Sanction lists: OFAC, United Nations, European Union, and others.
- Contacting RM's for missing KYC documents & closure approvals by email.
- Utilized LexisNexis to conduct comprehensive legal and regulatory research, providing accurate and timely information to support case analysis and decision-making.
- If suspicious activity is detected involving a PEP, financial institutions are required to report it to the appropriate regulatory authorities and may also be required to file suspicious activity reports (SARs).
Assistant Accountant
Infosys Pvt Ltd
09.2022 - 05.2023
- Procure to pay is the process of requisitioning, purchasing, receiving, paying for and accounting for goods and services.
- Withholding of customer details and requirements we can suggest new products via email and service call.
- After the Invoice successfully posted, it needs to tracked as per the Records.
- Need to Proceed on Order Fulfillment, Order Management, Payment Collections and Reporting and Data Management.
- Document analysis via two and three way matches for both 3rd party and ICA.
- Preparing Open items report on daily basis.
- Preparing Macros and Weekly report.
- Handling Month End Closures like, preparing Harmonized Reports, closing Run Book steps in AICO tool.
Process Associate
Tata Consultancy Services
01.2020 - 09.2022
- Manage External Commercial Borrowing (ECB) Maker Level as per the RBI Regulations.
- Excellent knowledge of Liberalized Remittance Scheme (LRS) & compliance and control processes and procedures.
- Extensive Knowledge and understanding of Regulatory reporting & Pricing Activity.
- Prepare reports provided to internal and external customers, including maintenance of supporting documentation.
- Daily/Monthly/Quarterly reconciliation of investment positions and fair market values.
- Utilized advanced analytics tools to monitor transaction patterns and ensure adherence to regulatory requirements.
- Possesses exceptional research writing and communication skills.
- Reviewed and verified customer identification documents and conducted enhanced due diligence for high-risk clients.
- Ensure adherence to procedures, policy and guidelines at all times.
Education
Bachelor of Commerce - Accounting And Finance
Vel Tech University
Chennai, India 04.2001 -
Skills
- Microsoft Office
- Documentation and reporting
- Excel proficiency
- Pharos & CTM Tool Handling
- Compliance Reporting
- Banking regulations
- Invoice Verification
- LexisNexis
- SAP GTS / PR4
Timeline
Sanction Screening Analyst
PwC (Futuresoft Pvt Ltd)
11.2024 - Current
Senior Analyst
Teleperformance
05.2023 - 10.2024
Assistant Accountant
Infosys Pvt Ltd
09.2022 - 05.2023
Process Associate
Tata Consultancy Services
01.2020 - 09.2022
Bachelor of Commerce - Accounting And Finance
Vel Tech University
04.2001 -
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