Nanda Poola
Ludwigstrasse 12, Frankfurt Am Main
Summary
Proven in enhancing compliance and operational efficiency, I leveraged AML / KYC, Due Diligence reviews, Sanctions, PEP screenings, Client onboarding, and Audit skills to significantly reduce risk. As a Certified Anti-Money Laundering Specialist (CAMS), I improved AML Risk Management, Research, Investigations, conducting AML interviews, and Transaction monitoring processes, showcasing my analytical prowess and collaborative spirit.
Overview
7
7
years of professional experience
Work History
Internal Auditor
BDO Luxemburg
01.2024 - 06.2024
- Assisted in the preparation of audit reports that clearly communicated findings and recommendations to key stakeholders.
- Performed internal audits of departmental operations, developing risk assessments and conducting process walkthrough for compliance with documented processes.
- Guided departments in developing remediation plans based on audit findings and recommendations.
- Collaborated with cross-functional teams to design and execute comprehensive audit plans, ensuring alignment with company objectives.
- Reviewed and identified risks, analyzed controls and tested compliance.
- Supported management in developing action plans to address identified issues, promoting timely resolution of audit findings.
- Identified and reported audit issues.
- Investigated discrepancies discovered during auditing process.
- Documented auditing information utilizing corporate system.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Prepared working papers, reports and supporting documentation for audit findings.
Freelancer AML Analyst
ING Bank AG
11.2023 - 12.2023
- Identified threats, vulnerabilities and suspicious behavior patterns to recommend mitigation measures.
- Strengthened AML compliance by conducting thorough risk assessments and monitoring transactions.
- Analyzed large datasets using various analytical techniques to identify patterns indicative of potential money laundering activities.
- Investigated fraud referrals and performed research to minimize risk and resolve inquiries.
- Conducted due diligence investigations to mitigate potential risks associated with high-risk customers.
- Reduced false positive alerts through effective implementation of risk-based monitoring systems.
- Successfully collaborated with internal audit teams during examinations, providing necessary information regarding the company''s AML program and related procedures.
- Documented research findings to support risk-based decision-making and resolution to escalated fraud incidents.
- Streamlined data analysis processes by utilizing advanced software tools for detecting suspicious activity.
- Interacted with law enforcement agencies, regulators and financial institutions to coordinate investigations related to fraudulent activities.
- Improved reporting accuracy by meticulously reviewing customer profiles and transaction activities.
- Performed ongoing reviews of customer accounts, identifying changes in behavior indicative of potential money laundering risks.
- Collaborated with cross-functional teams to address complex issues arising from financial crimes investigations.
- Ensured accurate record-keeping of AML documentation, maintaining organized files for easy retrieval during audits or investigations.
- Monitored financial transactions and immediately reported suspicious activity to authorities.
- Analyzed behavior and investigated alerts from Transaction Monitoring - KYT (Sanctions, PEP & High-Risk countries hits).
- Prepared SAR / STR Reports in GoAML.
- Finalised KYC Reports
Freelancer in AML / KYC Projects
BNP Paribas Frankfurt
07.2023 - 10.2023
- Identified and researched patterns, trends and anomalies in transactional and customer data to detect and prevent suspicious activity related to money laundering and terrorist financing.
- Ensured timely completion of client reviews by effectively prioritizing tasks based on urgency and project scope requirements.
- Conducted thorough research on clients for improved compliance with anti-money laundering regulations.
- Completed detailed analysis to detect patterns, trends, anomalies and schemes in transactions and relationships across multiple businesses and products.
- Supported senior analysts in high-level decision-making by providing detailed reports on client background checks and assessments.
- Collaborated with cross-functional teams to develop comprehensive risk management strategies for clients.
- Demonstrated strong attention to detail by identifying discrepancies in client documentation, minimizing potential risks for the company.
- Communicated with various business units to obtain necessary information for investigations.
- Researched and verified parties involved in suspicious activities and transactions against various databases such as LexisNexis and World-Check.
- Enhanced due diligence processes by implementing risk assessment methodologies and procedures.
- Used transactional and customer records, external data and publicly available information to identify suspicious or unusual activity.
- Identified potential risks and red flags through meticulous analysis of financial statements, business activities, and market trends.
- Performed risk-based analysis and remediation for business and consumer accounts per banking guidelines.
- Interacted with compliance representatives to assess potential unusual activity.
- Communicated negative findings to lines of business and supplied guidance on course of action.
- Assisted in the development of training materials to educate staff on due diligence procedures and requirements.
Professional Development
05.2023 - 07.2023
CTMA - Certified Transaction Monitoring Associate (ACAMS) Training
Caregiving
02.2023 - 04.2023
Parental Leave
KYC Officer
Deutsche Bank AG
08.2022 - 02.2023
- KYC Risk management including active customer research and screening of potential customers before on-boarding.
- Managed a diverse portfolio of client accounts, adeptly balancing priorities to meet deadlines without compromising quality or accuracy.
- Regular KYC-related customer discussions and AML interviews as well as conducting and evaluating account activity reviews to continuously monitor customer transaction flows.
- Mitigated operational risks by adhering to established guidelines when processing new account applications or updating existing records.
- Coordinate with the local compliance department and other Global Transaction Banking, Corporate and Institutional Banking, and Infrastructure areas regarding client KYC queries.
- Facilitated productive meetings with clients to address concerns regarding their accounts and KYC-related issues.
- Enhanced client onboarding process by streamlining KYC documentation collection and verification.
- Provided valuable insights during the implementation of KYC technology solutions, ensuring seamless integration into existing workflows.
- Achieved faster turnaround times for client onboarding, conducting detailed background checks and financial analyses.
- Improved efficiency in customer due diligence procedures with thorough knowledge of regulatory requirements and standards.
- Maintained accurate records of all client data, ensuring timely updates to reflect changes in risk profiles or regulatory requirements.
- Reduced risk exposure by diligently reviewing client information for potential red flags and escalated issues as necessary.
- Developed strong relationships with internal stakeholders to foster seamless communication throughout the KYC process.
- Conducted comprehensive risk assessments for high-risk clients, mitigating potential threats to the organization's reputation and finances.
- Collaborated with internal and external stakeholders, auditors and legal counsel to confirm compliance with applicable laws and regulations.
- Maintained composure in stressful situations, confrontations, interviews, and records searches.
- Utilized World check, Swift Registry and Bankers Alamanac to complete my daily work.
Travel
06.2022 - 07.2022
Europe Road Trip
Professional Development
01.2022 - 05.2022
AML Risk Management Training (ACAMS)
Professional Development
11.2021 - 12.2021
CAMS (Certified Anti-Money Laundering Specialist) certified
Specialist in AML, Payments and Complaints Mgmt
RAISIN Bank AG
06.2020 - 12.2021
- Handled customer inquiries regarding payment issues, providing prompt resolutions and maintaining high levels of satisfaction.
- Reduced processing time for payments by identifying bottlenecks and implementing solutions.
- Participated in disaster recovery exercises for Payment Operations team, ensuring preparedness in the event of a system failure or data loss.
- Managed vendor relationships, negotiating favorable terms and ensuring timely payments.
- Coordinated with internal departments to reconcile payments, ensure accurate accounting entries, and verify transaction data.
- Maintained compliance with industry regulations, ensuring smooth payment operations and reducing risk of penalties.
- Collaborated with cross-functional teams to resolve payment issues and improve overall operational efficiency.
- Enhanced transaction accuracy with thorough attention to detail and consistent monitoring of account activities.
- Established a strong working knowledge of various payment systems/platforms used within the organization for seamless navigation between tasks.
- Assisted in the implementation of electronic invoicing solutions, resulting in increased efficiency and reduced paper usage.
- Performed regular audits on processed transactions to maintain accuracy and reduce instances of errors or discrepancies.
- Contributed to system improvements by submitting feedback on payment-related software enhancements or fixes needed.
- Implemented fraud detection measures, minimizing financial losses due to fraudulent transactions.
- Maintained up-to-date knowledge of banking regulations affecting Payment Operations Specialist''s responsibilities, ensuring ongoing compliance.
- Acted as a subject matter expert for Payment Operations, providing guidance and support to colleagues and cross-functional partners on best practices and procedures.
- Prepared and mailed invoices to customers, processed payments, and documented account updates.
- Reconciled accounts receivable ledger to verify payments and resolve variances.
- Promoted a culture of compliance within the organization through regular communication of transaction monitoring performance metrics and sharing insights on potential areas for improvement.
- Reduced false positive alerts through regular tuning of transaction monitoring scenarios and thresholds.
- Identified opportunities for process improvements within the transaction monitoring workflow, resulting in increased efficiency without compromising quality or compliance standards.
- Strengthened internal controls surrounding the AML program by participating in risk-based testing and working closely with the compliance team to address identified gaps.
- Maintained up-to-date knowledge of AML regulations and industry best practices, applying this expertise to enhance the effectiveness of transaction monitoring efforts.
- Increased accuracy in alert generation by continuously evaluating rule performance against historical data and adjusting as necessary.
- Mitigated operational risks through periodic testing and validation of the transaction monitoring system''s functionality.
- Developed comprehensive training materials to educate colleagues on transaction monitoring best practices, increasing overall team effectiveness.
- Served as a subject matter expert within the organization for all matters related to transaction monitoring, providing guidance and support to colleagues as needed.
- Contributed to risk assessments by providing insights from transaction monitoring activities, helping the organization stay ahead of potential threats.
- Enhanced transaction monitoring system efficiency by streamlining processes and implementing risk-based approaches.
- Supported compliance team in meeting regulatory requirements by conducting thorough investigations on flagged transactions.
- Assisted in the development of new transaction monitoring rules based on emerging trends and typologies.
- Collaborated effectively with cross-functional teams to identify potential risks and develop mitigation strategies.
Assistant in Backoffice Treasury and Payments
State Bank of India, SBI
04.2017 - 06.2020
- Performed various administrative tasks related to payments, including generating reports, updating records, and maintaining accurate documentation.
- Enhanced payment processing efficiency by streamlining procedures and implementing automation tools.
- Evaluated and recommended improvements to current payment systems, leading to increased efficiency and reduced processing times.
- Managed the reconciliation of accounts payable and receivable, ensuring accuracy in financial reporting.
- Boosted customer satisfaction with timely and accurate processing of various payment methods.
- Reduced errors in payment transactions by conducting thorough audits and identifying areas for improvement.
- Prepared and mailed invoices to customers, processed payments, and documented account updates.
- Monitored accounts to verify compliance with payment terms and schedules.
- Reconciled accounts receivable ledger to verify payments and resolve variances.
- Responded to customer inquiries and provided detailed account information.
- Improved inter-departmental communication, fostering collaboration between finance, accounting, and trading teams for efficient treasury operations.
- Maintained strong working relationships with regulators, ensuring adherence to relevant laws governing treasury activities.
Education
Master of Arts - European Business Management
University of Applied Sciences Bremen
Bremen, Germany08.2015
BBA - Finance
Garden City University
Bangalore, India06.2012
Skills
- Client On-boarding
- Audit management
- Transaction monitoring
- Know Your Customer
- Sanctions Screening
- Initial and On-going Due Diligence reviews
- Internal Controls
- Financial Crime Investigation
- Suspicious Activity Reporting
- Certified Anti-Money Laundering Specialist (CAMS)
- Payment Processing
- Reconciliation Expertise
- Name List Screening (NLS) and AI Screening
Languages
English
Bilingual or Proficient (C2)
German
Upper intermediate (B2)
Timeline
Internal Auditor
BDO Luxemburg
01.2024 - 06.2024
Freelancer AML Analyst
ING Bank AG
11.2023 - 12.2023
Freelancer in AML / KYC Projects
BNP Paribas Frankfurt
07.2023 - 10.2023
Professional Development
05.2023 - 07.2023
Caregiving
02.2023 - 04.2023
KYC Officer
Deutsche Bank AG
08.2022 - 02.2023
Travel
06.2022 - 07.2022
Professional Development
01.2022 - 05.2022
Professional Development
11.2021 - 12.2021
Specialist in AML, Payments and Complaints Mgmt
RAISIN Bank AG
06.2020 - 12.2021
Assistant in Backoffice Treasury and Payments
State Bank of India, SBI
04.2017 - 06.2020
Master of Arts - European Business Management
University of Applied Sciences Bremen
BBA - Finance
Garden City University
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