Anuradha Munigela
Preston
Summary
An experienced financial crime compliance professional with over 9 years of experience in the banking and corporate sectors in know-your-customer (KYC), anti-money laundering (AML), and compliance arenas. Expert in due diligence, enhanced due diligence (EDD), end-to-end KYC, sanction and PEP screening, transaction monitoring, SAR reporting, and overall compliance monitoring. Proficient with domestic and international AML (FATF, EU, FCA, BSA) and sanctions (OFAC, EU, UN, HMT) regulations. A meticulous individual with a solid ability to make decisions based on sound judgement and analysis, a great collaborator with excellent communication and people skills. A critical thinker and an enthusiast capable of working in a multicultural environment.
Overview
10
10
years of professional experience
1
1
year of post-secondary education
1
1
Certification
Work History
Financial Crime Investigator
Virgin Money
4 2023 - Current
- Effectively execute 1st Line Financial Crime tasks and procedures within the scope of quality and efficiency objectives, enhancing the customer experience and ensuring compliance with regulatory standards
- Perform initial Sanction, PEP, and AML investigations, including assessment of PEPs against VMUK definition, and swiftly escalate any potential true matches, providing comprehensive details and assessment and outlining the potential impact
- Investigate AML transaction monitoring alerts, which include conducting KYC and CDD checks and analyzing financial data to determine the possibility of financial crime
- Collaborate with the second line Financial Crime team to advise and guide first line colleagues, documenting the advice to enhance financial crime controls and prevent potential future reoccurrences
- Document and escalate emerging trends in financial crime and system performance and communicate to second-line colleagues to ensure continuous and consistent system improvement
- Effectively identify and escalate suspected money laundering, confirmed PEPs, or genuine sanction matches to FC Managers
- Examining high-risk jurisdiction referrals includes investigation into transactional activity and source of wealth/source of funds.
AML Transaction Monitoring Specialist
First Abu Dhabi Bank
04.2022 - 09.2022
- Performed Transaction monitoring tasks on (SAS application) on multiple scenarios by adopting risk-based approach and mitigate potential risk as per AML/BSA policies and procedure
- Reviewed KYC/CDD documents, internal bank records, adverse media, and public domain information in relation to the flagged alerts
- Effectively identified and drafted Suspicious Activity Report/Suspicious transaction reports, applied appropriate risk mitigation measures, while ensuring appropriate documentation of research and SLA
- Actively supported managers and supervisors with moderately complex AML/Fraud investigations, corroborated with team members and other departments in handling potentially suspicious activity as required by applicable global and domestic regulatory, law enforcement or Financial Intelligence Units
- Conducted risk mitigating tasks such as adverse media check, sanctions/PEP screening using Norkom, Firco soft, World Check and reporting to regulatory compliance unit for any substantial match
- Assisted in identifying systemic procedural weaknesses & additional training requirements for Bank, actively engage in discussions regarding different scenarios of money laundering and suggest recommendations
- Training new team members and assisting with queries on the job
- Assisted in SAS UAT environment testing
- Screen AML, Sanction and other risks associated with customer transactions
- Identified weak system controls and provided feedback for appropriate SAS scenario tuning and false alert controls to increase quality alerts and work efficiency
- Prepared daily MIS reports for correspondent banking alerts.
AML Consultant
03.2019 - 04.2022
- Performed transaction monitoring activity on customers (Retail/SME/Corporate/correspondent banking) and report suspicious activity (STR/SAR) when required as part of BAU Alert & Case Management from AML point standpoint
- Sent Request for information (RFI) to relationship/branch managers for updated KYC / CDD / EDD forms gather required additional information to take a decision on SAR reporting and case management
- Identified and recommended suspicious activity reports to FLOD manager for onward submission to MLRO
- Ensured compliance of domestic and international AML Laws and Regulations by following policies and procedures
Senior Team Member
J P Morgan Services India Pvt. Ltd
08.2017 - 03.2019
- Performed public and internal research to complete due diligence on client KYC profiles and AML Quality Checks for Renewal & Remediation records based on risk rating
- Consulted with Client Owners and Relationship Managers directly to acquire missing client KYC documentation and ensure its accuracy and completeness
- Functioned as a KYC subject matter expert
- Discussed and escalated complex issues surrounding client types and structures, financial products and services, and other AML risk-related issues with Compliance Department
- Adhered to Local and Global AML policies and Regulations
- Understood and maintained records as per the Regulatory and Compliance requirements
- Analyzed client risk rating based on total experience in business, countries of operations and total net assets of client or company, Products, Ownership Structure, and other AML related parameters such as PEPs/Sanctions/Negative Media Exposure/Exceptions Handling Assisted managers with process improvements, training new joiners and providing support to colleagues with any updates/modifications to existing processes.
Senior Analyst
PwC India Private Limited
05.2014 - 07.2017
- Conducted CDD checks and prepared comprehensive reports on individuals and entities from various industries by employing multiple search tools to gather detailed client information from public sources
- EDD checks conducted on high-risk diverse Client Groups (Includes Private and Public entities, Organization, Government, NBFI, Trust, NGOs)
- Evaluated client risk based on critical parameters such as industry, location, PEPs, sanctions, and adverse news
- Categorized clients as Low, medium, and high-risk based on profiles
- Conducted name screening for PEPs, sanctions, and adverse media by using World Check, Lexis Nexus, and Dow Jones Part of forensic investigation projects include mystery shopping, electronic document reviews and evidence gathering for fraud scenarios to identify red flags and determining escalation needs
- Ensured timely resolution of work assignments through effective organization and prioritization also suggested regular process improvements
- Provided training and support to newly joined team members.
Education
MSc Financial Investigation -
University of Central Lancashire UK
01.2022 - 04.2023
Bachelor of Science - Electonics And Communications
Jawaharlal Nehru Technological University
India 04.2001 -
Skills
Specialized in KYC / CDD / AML/ CFT & sanction compliance
Experience of working within a financial crime compliance environment
Experience working with investigation systems used for Sanctions/PEP Screening & Transaction Monitoring in detecting and preventing ML
Knowledge of current ML typologies
Understanding of MLD/JMLSG/POCA 2002/Criminal Finances Act 2017
Experience in AML regulatory reporting
Experience in conducting customer risk assessments & EDD requests
Knowledge in Banking Products, Microsoft Office, and Excel
Relevant Compliance qualifications/certifications
Certification
Association of Certified Anti-Money laundering Specialist (ACAMS)
Professionalskillset
- Self-Driven, Organized. Resolute and Challenge seeker
- Analytical and Critical thinker
- Experience working with software tools such as SAS, Netreveal, Firco soft, Norkom, world check, Dow Jones, D&B, Bankers Almanac, and Arachnys
Languages
English
Proficient
C2
Telugu
Proficient
C2
Hindi
Proficient
C2
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
AML Transaction Monitoring Specialist
First Abu Dhabi Bank
04.2022 - 09.2022
MSc Financial Investigation -
University of Central Lancashire UK
01.2022 - 04.2023
AML Consultant
03.2019 - 04.2022
Senior Team Member
J P Morgan Services India Pvt. Ltd
08.2017 - 03.2019
Senior Analyst
PwC India Private Limited
05.2014 - 07.2017
Bachelor of Science - Electonics And Communications
Jawaharlal Nehru Technological University
04.2001 -
Financial Crime Investigator
Virgin Money
4 2023 - Current