Afeef Rahiman Thazhe Puthanveedu

● Conducted Enhanced Due Diligence & act as a subject matter expert to provide guidance/input on all KYC/CDD/EDD related issues for all new and existing High-Risk clients
● Manage & advise Compliance Operating Center team involved in High-Risk customer on-boarding and ongoing due diligence through governance, reporting and quality assurance.
● Provide guidance, advisory service & proactively engaged with Business Units on KYC/CDD/EDD related issues for new and exisng High-Risk clients (High net worth individuals- Private banking, Polically Exposed Person- PEP, SMEs, Corporate - Wholesale Banking, Financial Institutions, Trusts, Foundaons, Free zone and Offshore companies, Designated Non-Financial Businesses and Professions - DNFBP)
● Conducting EDD compliance calls with MSB and FI as part of Ongoing due diligence.
● Conducted gap assessment of AML/CFT Policy and recommending relevant changes.
● Proactively engaged with Business Units as Second Line of Defense on relevant compliance
issues including evaluaon of risks and managing high risk clients.
● Conducted invesgations on AML/CFT matter and reporting to Senior Management by
gathering intelligence through research and analysis.
● Govern the periodic reports on compliance performance (KPI, KRI, Breach Report) for senior
management reporng and assist in MLRO report & High Risk customer reporng to the UAE
Central Bank
● Develop and deliver compliance trainings/compliance awareness presentaons

Job Summary:

Customer Due Diligence:

• Review of very high risk account and provide on boarding and KYC renewal approval for Retail, Corporate and Financial Institution client by ensuring necessary scrutiny using internal and external resources in accordance with the Customer due diligence policy
• Review and approval of PEP and FPEP on boarding clients
• Provide expertise in Enhance Due Diligence measures in onboarding, period reviews
• Manage and train business, internal compliance, on KYC and compliance regulations
• Investigating transaction from AML/Sanctions perspective in accordance with Bank AML/CTF policy, UAE Central Bank, OFAC, FATF & EU requirements and take appropriate action within the TAT
• Perform Enhance Due Diligence on the potential customer based on Central Bank request, take immediate action, and ensure to revert to Central Bank on timely manner.
• Discuss on boarding and transaction monitoring related issues with business and provide necessary feedbacks.
• Build and manage teams and handle business escalations as and when required

Financial Intelligence Unit:

• Performing second level review on the STR report submitted by FIU members in Central Bank of UAE system (goAML) to ensure accuracy & timely submission.
• Ensure regulatory matters are attended in prompt and efficient manner. • Investigating internal STR’s that have been raised to the MLRO team from various business unit.
• Ensure timely reporting of unusual activities and suspicious transactions to the MLRO and regulatory authorities.
• Providing AML risks solutions and supporting system implementation for FIU, in line with local and international laws & regulations.
Develop and deliver focused training to the transaction monitoring unit and business on handling AML alerts and reporting suspicious transactions.
• Ensure bi-annual reporting takes place with the regulator in the form of MLRO report.
• Providing daily/monthly MIS to Senior management on the progress of Onboarding and STR investigation

Job Summary:

• Dispatching MIS by the EOD and Perform Quality Check (QC) for the KYC profiles and ensure that the KYC is in line with the EIB compliance policies & regulatory requirements.
• Provide necessary feedbacks to the Relation manager based on the findings from profile QC and ensure that the errors, if any, have been rectified / resolved by acting as a key point of contact in the high risk team.
• Conducting enhance due diligence for new RMA, MM, Nostro and Vostro relationship
Provide the final approval to the KYC profiles upon completion of the review.
• Providing clearance on Existing Clients customer for new products.
• Investigating and resolving alerts (PEP, SDN, Interpol, Negative Information) generating through automated screenings
Maintain the error log based on the findings from QC of the client profile.
• Review profile specific issues and provide RBAs (Risk Based Approach) on a case to case basis.
• Handling the reviews for the PEP accounts.
• Driving the process streamlining & process improvement initiatives within the team.
• Discuss profile related issues with business and provide necessary feedbacks.
• Providing Monthly MIS to Head of Compliance and Senior Management

Business Application Used :

• Share point
• Online watch list
• Equation AS 400
• Safewatch
• FCRM
• Business Information Source (Bankers Almanac, OneSource, ICC Juniper, Orbis, Lexis Nexis, Bloomberg)

Consultant - Financial Risk Advisory Services - KYC at HSBC Bank Middle East Limited - October 2014 - Till date

Job Summary:
• Part of Regulatory business support team (AML and KYCs) and leading JFSC remediation project.
• Remediate the existing clients as per new AML regulation by Jersey Financial Commission Services and UAE Central Bank.
• Creating SOP (Standard Operating Procedure) and Process work flow for different projects ie., JFSC remediation, Client contact directory, FATCA and Client Out-reach.
• Checking the KYC documents in different internal systems and validating as per regulatory requirements. • Conducting quality check of work done by the team members. • Collect the KYC documents as per the requirements from the customers - Client outreach and follow up to obtain the missing documents. • Managing and assisting team members for different queries related to process. • Process training to the new team members. • Maintain Daily production tracker and updating to senior management. Business Application Used: • GDR • World Check • E-form • HUB • KYC Intranet • Client vision • Business Information Source (Bankers Almanac, OneSource, ICC Juniper, Orbis, Lexis Nexis, Bloomberg)

TransCash UAE (TransCash Reloadable MasterCard Value Cards - Prepaid Debit Card)

Job Summary:

• Develop and implement policies and procedures designed to promote compliance with the requirements set forth in the all requirements of the UAE Central Bank.
• Maintain and monitor Compliance, Sanction and Customer Due Diligence programs.
• Collect the document as per the requirements from the customers and follow up to obtain the missing documents.
• Check the PCMS system to verify the Client and Beneficiary details are updated correctly by the Kiosk agents.
• Screen the client using Wynyard system (AML System) and provide weekly AML Report to sponsoring Bank.
• Transaction monitoring and Report the suspicious activity to the sponsoring Bank (STR).
• Review and update the daily activity and settlement activity.
• Reconcile the different bank accounts, Estimate the bank account balance using the daily activity and calculating daily and monthly profit.
• Checking the cash flow from each kiosk and depositing the cash to the relevant bank account.
• Clear the POS system for daily cash pickups from the Kiosk.
• Deliver Compliance and Anti Money Laundering training to all employees.

Business Application Used:

• PCMS
• POS
• Wynyard (AML System)

Worked as Senior Associate in HSBC Electronic Data Processing Pvt. Ltd Bangalore from November 2010 to July 2012.

Process : COBAM - KYC UK - New Business ( Onboarding)

Job Description:

• Creating the profile/Accounts for New client ( Financial Institution and Corporate client)
• Verifying the client type and identifying the client’s risk type.
• Collecting the documents required for the clients according to their client type.
• Contacting with Relationship Manager/Client for Missing documents with regards to onborading of client.
• Screening of client and the connected person/entities related the particular client.
• Performing compliance check as per the guidance of UK regulator.
• Adding new product for the existing clients.
• Raising AMLID entry for the client who is having negative information.
• Uploading the Relevant documents to the GDR (Internal Application).
• Getting approval from Relationship Manager to launch the account for the client
• Assisting team mates for different queries related to process.
• Process training to the new team members.
• Maintain Daily production report.

Business Application Used:

• GCOS
• GDR
• World Check
• AMLID
• KYC Intranet
• Business Information Source ( Bankers Almanac, OneSource, ICC Juniper, Orbis, Lexis Nexis, Bloomberg, etc., )

Worked as Process Associate in Wipro Bangalore from February 2009 - October 2010. (UBS Investment Bank)

Job Description:

• Supporting clients with Investment Banking operation
• Identifying and Periodic Review of clients - KYC
• Checking the Previous Review details from the internal applications. (Webrcd, Doc store, Masterfiles and Client Master )
• Verifying the client type and identifying the client’s risk type.
• Collecting the documents required for the clients according to their client type.
• Contacting with Onshore for Missing documents of client with regards to review.
• Performing Standard and Additional Background check for finding Negative Information regarding the clients.
• Resolving the Alert - No Hits, False Positive and True Alerts.
• Uploading the Relevant documents to the Doc Store (Internal Application).
• Updating the next review date according to client’s risk type in the Internal Applications.
• Account creation, Maintenances, Reconciliation - Account management.
• Process training to the new team members.
• Maintain Daily production report.

Business Application Used:

• Webrcd
• Account Workflow
• Masterfiles
• Client On boarding Tool
• Client Master
• RDC Grid