Rajshekar Reddy Chakravarthy

• Advising over EDD reviews for100+ Corporate entities, analyzing high risk parameters (PEP, Sanctions, Adverse Media, etc.)
• Point Lead for Project Athena (FINTRAC initiated project for underground Chinese banking), conducting AML investigations on800-1000 monthly alerted and suspicious transactions as per AML/ATF processes and OFAC/FINTRAC/OSFI guidelines
• Assisting compliance in AML policy revisions and training business group for AML regulatory changes and implementation
• Responsible for Level2 Triage, in reviewing and escalating STRs to CAMLO prior submission for regulatory reporting
• Managing reports for transaction monitoring alerts, RFIs, UTRs receipts, STR reporting and high-risk clientele EDD reviews
• Training a team of10 AML analyst on client’s procedures and applications for immediate and effective hands-on experience
• As an AML Team Lead my role is to Review & Approve client risk Analysis report, EDD report, Bank Memos, Review & Approve Remittance payments from operations (Branch) Update CRA Tracker, Maintain KPI of Associates, Quality check and make sure all High-risk clients risk assessment is monitored according to the schedule
• Coached associates on how to Analyze reports for discrepancies, unusual and suspicious activities
• Performed risk mitigation process by identifying suspicious transactions in the banking activity such as focused due diligence on the supplier list, products dealt and high value transactions which do not match the purpose of account opening
• Performed Detailed analysis on the Transaction monitoring by following AML policy of the bank, having brief overlook on relationship, Source of funds and purpose of funds & verifying Relationship between remitter and beneficiary
• Submitted EDD reports on high-risk cases by the end of the week to CAMLO for further approvals and risk rating evaluation
• Specialist in policies, procedures, record keeping requirements and local regulations pertaining to Anti Money
• Laundering (AML), AML Legislation, Counter Terrorist Financing (CTF), Know Your Customer (KYC), Identification & Verification (ID&V), Enhanced Due Diligence (EDD), Customer On boarding, Ongoing Monitoring (Periodic & Trigger event Remediation) & Sanctions
• Responsible for mitigating and managing risk exposure pertaining to AML/ATF by completing standardized assessment of information and activities with accounts identified as high risk
• Evaluated (UTRs) unusual transaction reports, Wire payments include adjudication of (PEPs) politically exposed
• People, sanctions and negative media related activity through Open-Source Search & FOL Query through Firco Soft Tool
• Expertise in CDD & EDD ongoing monitoring including transaction monitoring and periodic reviews
• Hands on experience in using search engines such as Lexis Nexis, Dow Jones, Alessa system & Refinitiv World check & Orbis

• Offered advisory services to Capital Market business across AMERICAS and EU for compliance with FATF, FINTRAC, FCA, OFAC and PCMLTFA during EDD reviews.
• Managed operations for Capital Market segment involving KYC/Capital Markets, Leverage Financing, Syndication loan participation along with foreign exchange workflows in FENERGO8.8.
• Managed yearly evaluations for Prime Brokerage Funds, maintaining precise KYC documentation records.
• Managed comprehensive walkthroughs for EDD review, submitting sample cases and remediating deficiencies identified.
• Hands on experience with FENERGO client life cycle management On-boarding BNP clients and non- clients who are in several businesses such as corporate companies, Financial institutions, Mutual funds, hedge funds, superannuation funds, State owned entities, casinos, Private investment Vehicles, Family Trust, Asset Managers, Investment Managers, Oil & Gas Industries & Capital Markets
• Executed meticulous 4-eyes check procedures on corporate profiles at BNP.
• Ensured compliance with FINTRAC regulations by filing necessary reports.
• Managed recertification processes for existing clients.
• Assessed risk levels and adjusted scores to meet due-diligence standards.
• Facilitated obtaining US compliance approvals and provided advisories for clients with extensive due diligence requirements.
• Evaluated compliance of clients' operations against MSQC policies and OFAC regulations for sanctioned countries.
• Ensured client AML letters adhered to BNP's financial security representation letter standards.
• Adhered to BNP Paribas' global policy by not processing payments for sanctioned entities, individuals, organizations or territories targeted by French, EU, UN or US authorities.
• Conducted evaluations based on Wolfsberg Questionnaire.
• Conducted risk-based customer due diligence.
• Proficient with screening tools such as Prime compliance suit, FACTIVA, Lexis-Nexis, Dow Jones Bankers Almanac & Orbis.
• Reviewed and maintained tools including File Nexus, E-Work Manager, Kofax, Fox system, OBS system, Profile system, E-Moneyger and Corporate Registry for IAG screening summary.
• Identified irregularities in transactions and escalated them by analyzing complex data.
• Collaborated with multiple departments within the bank to obtain information for investigations.

• Directed team in verifying and validating key Financial Crime risk parameters including PEP, Sanctions, Adverse Media, STRs as part of Bank’s Risk Framework compliance.
• Reviewed changes in requirements from local and international regulatory bodies.
• Proficient at investigating suspicious transactions based on client's business nature and transaction purposes.
• Monitored all financial movements like cash deposits, withdrawals, exchanges as well as transfers.
• Specialize in monitoring transactions that surpass reporting limits.
• And Canada)
• Involved in preparing and filing LCTR documentation.
• (Fincen in US and Fintrac in Canada)
• Filed STRs to regulatory bodies and formulated an action plan.

Facilitated portfolio management of a diverse mix of 150+ Corporate, Commercial and Correspondent banking clients.

Monitored transactions for identifying money laundering and terrorist financing indicators.

Conducted adverse media screening for corporate clients.

Investigated suspicious activities through detailed financial analysis.

Analyzed customer behavior to align with established risk profiles.

Monitored high-risk, large-scale, and cross-border transactions using internal banking software like FIS, Actimize and World Check.