FinCrime Analyst - Transaction Monitoring Retail
REVOLUT LTD
Total years of experience :3 years, 11 Months
Revolut is a leading UK fintech company that offers banking services through its mobile app. It provides features like currency exchange, international money transfers, cryptocurrency trading, budgeting tools, and more
• Conducted 50+ triggered alert reviews generated via transaction monitoring systems for various risks i.e SAN, PEP, AM, ML and TER related risks.
• Conducted in-depth analysis of transactions & generating Suspicious Activity Report (SARs) and Suspicious Transaction Reports (STR) on detection of potentially suspicious transactions.
• Performed CDD/EDD checks and KYC tasks for new clients including monitoring, tracking, and assisting with action planning for expiring records, emphasizing risk assessment and compliance with applicable laws and regulations.
• Coordinated with escalation teams regarding complex issues and escalated cases as per requirements to the relevant teams for timely resolving of alerts.
• Conducted special payment investigation for disputed payments by analyzing the transaction data, collaborated with the merchants, customers and other bank departments to resolve the issue using SWIFT messages.
• Conducted targeted training sessions for new hires, resulting in increased efficiency and time and cost savings by 30%.
• Checked transactions against various watchlists, sanctions lists, or politically exposed persons (PEP) lists to identify and prevent transactions involving prohibited individuals or entities.
• Conducted alerts investigations by collaborating in 10+ compliance processes, drastically improving efficiency.
• Onboarding and offboarding accounts according to the terms and conditions set by the financial regulatory bodies.
• Conducted investigations into potential financial crimes, such as sanctions, sanction connect, money laundering, fraud & terror financing
• Evaluated high-risk entities and raised UARs (Unusual Activity Reports) or filed SARs (Suspicious Activity Reports) as required.
• Monitored live transactions for any suspicious activity or illicit financial behavior.
• Contacted customers regarding live transactions and expired KYC/KYB, resolving and providing information about customer queries and issues.
• Led a team of six analysts to efficiently clear a 5, 000-customer remediation queue, while ensuring timely and accurate filing of tax reports compliant with FATCA CRS regulations.
• Conducted in depth analysis of transactions to identify any suspicious activity.
• Conducted alerts investigations generated via Screening systems for various risks i.e SAN, PEP, AM.
• Analyzed KYC data using name screening and different procedures to determine customers risk profile.
• Ensured compliance with highest standards of regulatory conduct.
• Proficient in using customer relationship management (CRM) software to document interactions, track issues, and follow up on resolutions
• Manage end-to-end payment processing operations, including transaction monitoring, reconciliation, and reporting.
• Identify and resolve discrepancies in payment records, ensuring accuracy and compliance with company policies.
• Collaborate with cross-functional teams to streamline payment workflows and improve efficiency.
• Conduct analysis of financial data to provide actionable insights and support strategic decision-making.
• Implement fraud detection strategies and ensure adherence to regulatory requirements.
Bachelors in Business Administration - Management, Marketing