Lakshmi Narayan Venkatakrishnan
North York,ON
Summary
Dynamic and detail-oriented AML Compliance professional with over 7 years of experience in Financial Crime Risk Management, specializing in Anti-Money Laundering (AML), Sanctions, and Fraud Detection. Adept at creating and delivering comprehensive training programs, conducting quality assurance reviews, and leading projects within financial institutions. Skilled in identifying training gaps, optimizing processes, and ensuring adherence to regulatory standards. Committed to supporting organizational goals through effective leadership, collaboration, and risk management.
Overview
7
7
years of professional experience
Work History
Associate-FA
Bank of New York Mellon
10.2022 - 10.2023
- AML Name Screening & Transaction Monitoring: Conducted thorough screenings of customer names against various watchlists, sanctions lists, and regulatory databases, utilizing the Name Screening and Transaction Monitoring system.
- Alert Investigation & Escalation: Analyzed and interpreted screening results to identify potential matches or hits. Escalated suspicious cases to senior analysts for in-depth investigation.
- Transaction Analysis: Reviewed and analyzed transactional activities to detect potential red flags or suspicious patterns, ensuring timely documentation and escalation of unusual transactions to Senior AML Analysts.
- AML Operations Support: Assisted in various AML operations-related tasks, including investigations, audits, reviews, and assessments, contributing to the overall effectiveness of the AML framework.
- Process Improvement: Identified and recommended opportunities for improving AML processes, tools, and methodologies, enhancing operational efficiency.
- Regulatory Knowledge & Compliance: Stayed current with money laundering and terrorist financing issues, including policies, legislation, best practices, criminal typologies, and emerging trends, ensuring compliance with Canadian AML/ATF regulations.
- Team Collaboration & Training: Actively participated in team discussions and initiatives aimed at optimizing AML operations. Collaborated with the AML Operations team to implement and enhance AML policies and procedures.
- Professional Development: Engaged in training sessions to stay updated on regulatory changes and industry best practices, maintaining a high level of expertise in AML compliance.
Quality Checker - AML
Bank of New York Mellon
12.2020 - 10.2022
- Internal QC Audit: Performed internal quality control audits for screening platforms, ensuring alignment with regulatory standards and internal policies.
- Optimization & Compliance: Managed and validated optimization requests for the central Fircosoft Filtering Platform and Name Screening platform, ensuring effective implementation of quality checks.
- Alert Management & Filter Tuning: Supervised the setup and control of local screening frameworks, identifying potential misalignments and taking corrective action where necessary.
Senior Analyst
Bank of New York Mellon
06.2019 - 11.2020
- Alert Investigation: Monitored and reviewed historical transactions flagged by the Transaction Monitoring Case Management system (Mantas) to identify potential money laundering or terrorist financing activities.
- Report Writing: Drafted detailed investigation reports summarizing findings, supporting rationales, and risk assessments, ensuring proper documentation and escalation where necessary.
- Compliance Expertise: Utilized expertise in AML/KYC and regulatory compliance to enhance the accuracy and efficiency of transaction monitoring and investigations
Operations Executive
Bank of New York Mellon
Chennai, Tamil Nadu
07.2016 - 04.2019
- Trade Processing: Managed trade capturing and validating, ensuring timely and accurate delivery of subscription and redemption services.
- Compliance Audits: Led quarterly compliance audits, addressing findings promptly and maintaining high standards of operational integrity.
- Real-Time Payment Monitoring: Investigated real-time payments using SWIFT and SEPA, identifying potential sanctions and compliance breaches.
- Validation Checks: Tested Level 1 analysis on alerts triggered by sanctions filters, ensuring compliance with global standards.
Education
Business Analytics -
Seneca Polytechnic College
Canada08.2024
Master of Business Administration -
Madras University
Chennai, India01.2019
Bachelor of Commerce -
RKM Vivekananda College
Chennai, India01.2016
Skills
- Tableau ,SAS, Power-BI, Jira, Confluence
- Anti-Money Laundering (AML) Investigation
- Handled applications like Mantas, Actimize Sam, Citrix, World Check, Lexis Nexis, Global Relay, back office
- Interested in Pursuing ACAMS & ACFCS in the near future
- Suspicious Transaction Reporting (STR) writing
- AML, Sanctions & Financial Crime Training
- Fraud Detection & Loss Prevention
- Quality Assurance & Compliance
- Project Management & Process Optimization
- Regulatory Compliance (KYC, FATCA/CRS, GDPR, CASS)
- Microsoft Excel, Microsoft PowerPoint, Microsoft Word, Microsoft Outlook, Microsoft Access,MS SharePoint
- Data Analysis & Reporting (SAS, Tableau, Power BI)
- Team Leadership & Coaching
- Stakeholder Collaboration & Communication
Accomplishments
- International Relocation and Process Migration: - Relocated to the Singapore office for a 2-month stint, overseeing a process migration similar to the one in India. - Provided valuable process insights and conducted training sessions to support the team during the migration.
- Recognition Awards: - Received the Applause Award for demonstrating courage in leading the team through challenges. - Acknowledged with the Take-a-Bow Award on six occasions for outstanding contributions and achievements. - Earned the Bravo Award twice for exceptional performance and noteworthy accomplishments.
- Training and Skill Development: - Successfully trained over 30 employees on various aspects of the process, contributing to their skill development and overall team efficiency. - Led a comprehensive 5-stage training module for new joiners, covering Introduction, Classroom training, On-the-job training, Shadow training, and Live training.
- Process Improvement Initiatives: - Proactively shared multiple ideas for process improvement with internal management. - Achieved significant Full-Time Equivalent (FTE) reduction through implemented process improvement ideas
Timeline
Associate-FA
Bank of New York Mellon
10.2022 - 10.2023
Quality Checker - AML
Bank of New York Mellon
12.2020 - 10.2022
Senior Analyst
Bank of New York Mellon
06.2019 - 11.2020
Operations Executive
Bank of New York Mellon
07.2016 - 04.2019
Business Analytics -
Seneca Polytechnic College
Master of Business Administration -
Madras University
Bachelor of Commerce -
RKM Vivekananda College
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