Certified Anti-Money Laundering Specialist
American Express - United Arab Emirates
Total years of experience :6 years, 4 Months
Performing World Check, Sanction Screening and Risk Rating of the customers while opening up new accounts / relationships.
Performing additional tasks as assigned improving the effective administration of the AML and KYC policies, Customer due diligence (CDD) and Enhanced Due Diligence (EDD) to avoid banking risks.
Identifying potential HIGH NET WORTH customers by referring customer contact databases or by following up on the leads referred by existing customers or by doing cold calls.
Providing the face of the Organization to the premium customers of the Company. Products involved are: Charge Cards / Credit Cards.
Consulting customers by highlighting the benefits of American Express products v/s competition.
Ensuring complete awareness of American Express product features, policies and processes at all times.
Ensuring the documents are verified checked for completeness/ validity to avoid later rejections by Credit/ Operations while meeting the AML Policies of the organisation.
Analysing applicants' financial status, credit, and property evaluations to determine feasibility of granting approval of Credit Cards and Loans.
Focusing on the analysis and satisfaction of Priority Customers; financial as well as investment needs and objectives.
Generate new business to achieve defined targets in terms of no. of customers, volumes and revenue.
Achieve the Targets set in terms of product mix, active/ passive ratio, liability targets.
Performing World Check, Sanction Screening and Risk Rating of the customers while opening up new accounts / relationships.
Performing additional tasks as assigned improving the effective administration of the AML and KYC policies, Customer due diligence (CDD) and Enhanced Due Diligence (EDD) to avoid banking risks.
Identifying potential customers by referring customer contact databases or by following up on the leads referred by existing customers or by doing cold calls.
Providing the face of the Organization to the high net worth customers of the Company. Products involved are: Credit Cards / Personal Loan / Account Opening and any new launches.
Ensuring the documents are verified checked for completeness/ validity to avoid later rejections by Credit/ Operations while meeting the AML Policies of the bank.
Analysing applicants' financial status, credit, and property evaluations to determine feasibility of granting approval of Accounts, Credit Cards and Loans.
Achieve productivity in order to maximize the efficacy of the sales process.
Achieve the budgeted cross sell targets, consistency and penetration.
potential customers by referring customer contact databases or by following up on the leads referred by existing customers or by doing cold calls.
•Products involved are: SME/ Personal Loan/ Credit Cards/ Labour Guarantee Deposits/ Corporate Deposits, Liability products and any new launches.
•Convincing customers by highlighting the benefit of DUNIA products v/s competition.
•Ensuring complete awareness of DUNIA product features, policies and processes at all times.
•Ensuring the documents are verified checked for completeness/ validity to avoid later rejections by Credit/ Operations.
•Analysing applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
•Generate new business to achieve defined targets in terms of no. of customers, volumes and revenue.
Identifying potential customers by referring customer contact databases or by following up on the leads referred by existing customers or by doing cold calls.
Products involved are: SME/ Personal Loan/ Credit Cards/ Labour Guarantee Deposits/ Corporate Deposits, Liability products and any new launches.
Convincing customers by highlighting the benefit of DUNIA products v/s competition.
Ensuring complete awareness of DUNIA product features, policies and processes at all times.
Ensuring the documents are verified checked for completeness/ validity to avoid later rejections by Credit/ Operations.
Analysing applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
Generate new business to achieve defined targets in terms of no. of customers, volumes and revenue.
Client: The Hartford)
1) KYC / Due Diligence:
•Determined and implemented additional steps, validating KYC risk compliance based on research of customer records, verification of account purpose and legitimacy while establishing an account.
•Performing additional tasks as assigned improving the effective administration of the AML and KYC policies, Customer due diligence (CDD) and Enhanced Due Diligence (EDD) to avoid banking risks.
•Researched client information via Google and LexisNexis Accurint.
•IDV verification of Individuals and entities like Corporate, Partnership firm, LLC etc.,
•Reviewing and Validating the Client’s information through Equifax and lexis Nixes Bridger.
•Reviewing and validating outgoing wires to third party and also for non US transactions.
•Transaction monitoring of the huge dollar amount transactions and verifying all the requirements for making a transaction.
2) Wealth Management:
•Validating KYC with LexisNexis Accurint & Bridger and opening accounts of the customer as request received.
•Processing Investment Funds reallocation as requested by the clients.
•Processing withdrawal requests of customers from their accounts upon request after comprehensive verification in line with AML Policy.
•Transferring of funds from the customer’s account to other banks/financial organizations upon request.
•Managing heavy volumes of financial products (NYSE) with a 1 day TAT to avoid financial losses and meeting the SLA as well as ensuring SLA is not missed.
3) Audits, Training and Development:
•Auditing the transactions done by the fellow associates to avoid the errors.
•Giving presentation on project’s performance in the management meetings every month.
•Training new entrants and fellow associates in different tasks of the project; delivered presentations on best practices and how to reduce errors and improve on quality.
•Building Root Cause Analysis on errors of end to end process and taking a session to the associates on the same so that the errors are not repeated.
•MIS reporting to management on project’s and individuals productivity, performance and accuracy.
1) KYC / Due Diligence:
• Determined and implemented additional steps, validating KYC risk compliance based on research of customer records, verification of account purpose and legitimacy while establishing an account.
• Performing additional tasks as assigned improving the effective administration of the AML and KYC policies, Customer due diligence (CDD) and Enhanced Due Diligence (EDD) to avoid banking risks.
• Researched client information via Google and LexisNexis Accurint.
• IDV verification of Individuals and entities like Corporate, Partnership firm, LLC etc.,
• Reviewing and Validating the Client’s information through Equifax and lexis Nixes Bridger.
• Reviewing and validating outgoing wires to third party and also for non US transactions.
• Transaction monitoring of the huge dollar amount transactions and verifying all the requirements for making a transaction.
2) Wealth Management:
• Validating KYC with LexisNexis Accurint & Bridger and opening accounts of the customer as request received.
• Processing Investment Funds reallocation as requested by the clients.
• Processing withdrawal requests of customers from their accounts upon request after comprehensive verification in line with AML Policy.
• Transferring of funds from the customer’s account to other banks/financial organizations upon request.
• Managing heavy volumes of financial products (NYSE) with a 1 day TAT to avoid financial losses and meeting the SLA as well as ensuring SLA is not missed.
3) Audits, Training and Development:
• Auditing the transactions done by the fellow associates to avoid the errors.
• Giving presentation on project’s performance in the management meetings every month.
• Training new entrants and fellow associates in different tasks of the project; delivered presentations on best practices and how to reduce errors and improve on quality.
• Building Root Cause Analysis on errors of end to end process and taking a session to the associates on the same so that the errors are not repeated.
• MIS reporting to management on project’s and individuals productivity, performance and accuracy.
B.Com
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