Kumaravelan Loganathan

 Developing & executing high level Compliance & AML strategies, making high-stake decisions and overcoming complex business challenges using experience-backed judgment, strong work ethics and irreproachable integrity
 Collaborating with:
o Stakeholders while keeping them informed of progress and issues to manage expectations on all requirements and deliverables
o CBUAE for all regulatory guidance and approvals
 Creating & sustaining a dynamic environment that fosters the development opportunities and motivates the high performance amongst the team members
 Driving continuous improvement and operational excellence culture from all levels of the organization
 Develop controls and monitor to ensure all the units are fully compliance with the laws and regulations
 Provide compliance advice and support to all the units as and when required
 Performing as single point of contact for all Compliance and AML topics
 Review and provide approval on marketing campaigns and other documents & communications
 Preform AML Self Risk Assessment for the organisation based on the key factors
 Creating:
o On-boarding forms (KYC forms, AML Questionnaire and Risk Assessment form) for DFS
o Multiple AML Rules to monitor the customer transactions in AML system.
 Performing CDD before on-boarding the Agents and Merchants as per the policy requirement
 Providing advice to Commercial team and Operations team on compliance and AML/CFT regulations
 Actively participated in a consultation process on the SVF draft regulations and provided views and comments
 Prepare monthly report to Management on regulatory correspondence and updates
 Provide Compliance and AML/CFT training to all the employees and plan the training calendar for the year
 Coordinate with Internal Audit to provide full support to ensure the company is fully complaint with the policies and procedures
 Provide regulatory updates to all employees and make sure that the policies and procedures are amended accordingly and each employee of the organisation is fully aware of the regulatory requirements
 Perform a money laundering compliance review regularly to ensure that the AML controls and operations are efficient

Involved in identification and escalation of process and product deficiencies to the senior management to ensure effective resolution  Monitor and detect the policy deficiency and mitigate the risk by preparing SOP’s and SLA’s as per the requirement  Performed evaluation of branches and other business units on compliance grids  Collaborated with the Senior Manager in preparation of monthly MIS and Dashboard  Maintained updated details of OFAC, EU, UN sanctions and World Check updates in Core Banking system to enable the operations team in controlling transactions  Rendered consultancy to the trade and operations team on sanctioned countries/ products prior to processing of transactions  Ensured prompt resolution of staff queries related to compliance issues  Managing a AML team with 2 direct reportings  Conducted 2nd level evaluation of exceptional transactions investigated by AML Analyst, assigned back to the respective user for further clarification based on requirements prior to internal closure of case  Organized induction, AML and KYC trainings to new comers or employees based on business requirement  Represented the Compliance Department in trainings and meetings held with Central Bank of UAE  Prepared Business Requirement Document for SDN enhancement in Core banking system and implemented the same successfully by performing UAT  Prepared Business Requirement Document for KYC Renewal process and performed UAT successfully and advice the IT and Business accordingly  Involved in AML system enhancement as a system upgrade

Spearhead team efforts in ensuring seamless implementation of compliance policy, framework and procedures related to the branch to ensure compliance to legal and regulatory requirements  Involved in maintenance of updated reporting formats, intervals and due dates in compliance to regulatory requirements  Update the bank management on issues of non-compliance to ensure implementation of effective mitigation plans  Evaluate/ ensure compliance to existing laws, regulations as well as reporting requirements by the branch pertaining to existing products and services  Ensure pre-launch evaluation of new country specific products, services, documentation and public customer communication aligned to regulatory and legal requirements  Function as the Central Point of Compliance for the branch involved in evaluation and responding to instructions from regulatory authorities in coordination with various units of the branch as well as Head Office  Render consultancy to the branch management/ Head Office Compliance Officer on impact of new laws and regulations in the country  Guide the Trade & Operations team in dealing with sanctioned countries/ products prior to processing of transactions followed by maintenance of updated details of sanctioned entities/individuals in the monitoring system  Block transactions processed for/ by any sanctioned entities/ individuals based on regular updates collated from respective (US, UK and EU) sanctions website  Define/ implement systems and procedures to evaluate risk at the branch aligned to compliance policy of the bank  Evaluate and report on status of compliance process as well as exceptional transactions at the branch to the Branch Management  Ensure compliance to confidentiality clauses with regards to collated information  Involved in management of the anti-money laundering and anti-terrorist financing functions of the Branch  Liaise with Central Bank Auditors and Internal Auditors for closing of pending audit issues.

Involved in identification and escalation of process and product deficiencies to the senior management to ensure effective resolution  Collaborated with the Senior Manager in preparation of monthly MIS and Dashboard  Evaluated branches/ business units on 4 or more return cheques followed by implementation of remedial measures and updating the senior management through review reports  Performed evaluation of branches and other business units on compliance grids  Assessed high risk accounts and highlighted discrepancies to respective RM on monthly basis  Maintained updated details of OFAC, EU, UN sanctions and World Check updates in Core Banking system to enable the operations team in controlling transactions  Rendered consultancy to the trade and operations team on sanctioned countries/ products prior to processing of transactions  Ensured prompt resolution of staff queries related to compliance issues
Conducted 2nd level evaluation of exceptional transactions investigated by AML Analyst, assigned back to the respective user for further clarification based on requirements prior to internal closure of case  Maintained records of authorized signatories of the bank and worked on the UAEASR project  Organized induction, AML and KYC trainings to new comers or employees based on business requirement  Represented the Compliance Department in trainings and meetings held with Central Bank of UAE

Rendered support to the TM Units and the CMLPO in ensuring compliance to local laws, regulations, group policies and standards to minimize chances of money laundering. 
Assessed alerts and cases on transactions pertaining to SCB UK, SCB Indonesia and Singapore using source systems like HOGAN and eBBS. 
Involved in evaluation of suspicious activities in compliance to Group Standards of Conduct  Generated and updated various status reports for the senior leadership team and other stakeholders based on business requirements.
Highlighted process and product deficiencies to the senior management to enable effective decision making as well as developing controls and procedures relating to Transaction Monitoring  Maintained updated records of investigations  Organized training sessions for new team members based on operational requirements

Involved in pre-screening of candidates prior to presentation of technical candidates to clients. Identified suitable profiles based on client's requirements to be recruited across the organizational hierarchy.
Maintained productive business relationship with clients and candidates.
Managed day to day correspondence with clients/ candidates during the interview process.