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Phanindra Babu
Phanindra Babu

This document contains the resume of Phanindra Babu. It summarizes his work experience in the areas of compliance, anti-money laundering, and auditing over the past 7 years primarily in the banking and finance sector. It also lists his educational qualifications and professional certifications. His most recent role was as a Lead Analyst - Financial Crime Compliance at Credit Suisse from 2012 to present. Prior to that he held roles at Barclays and G.S.V. Securities Private Limited also focused on compliance, client onboarding, and AML functions.

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PHANINDRA BABU Mobile: +91 9503605188 E-Mail: phanindra1234@gmail.com Employment Recital Performed assignments in Know Your Customer policies, Compliance, Anti Money Laundering & Audit with the organizations preferably in Banking / Finance Sector Having 7 Years of Experience in Compliance areas of KYC & AML backed by good knowledge of relevant operational exposure. Educational Background M.C.A from Spaces Institute for P.G.Studies, Andhra University. Master of Business Administration in Finance from SMU. B.Sc., (Computers) from AGL Degree College, Andhra University. Professional Certifications AML & KYC Certification from IIBF Fixed Income Debt Market Certification from FIMMDA Equity Derivatives Certification from NCFM & BCFM Regulatory Compliance Policies & Procedures Certification for Financial Markets from NCFM Currency Derivatives Settlement Certification from NISM Skills Profile Database Oracle 9i and Sql Server Web Design Tools HTML, DHTML & CSS Designing Tools Microsoft Visio Operating Systems Windows OS (7,XP, 2003 server and 2000 server) CAREER CHRONOLOGY Credit Suisse (Dec 2012 to Till date) Pune Lead Analyst Financial Crime Compliance Key Responsibilities: Approving new client relationships after reviewing CID documents provided by respective region front office. Interact with the front office to ensure that proper account documentation is obtained from the customer prior to approving client on boarding.
Performing Quality Analysis on High Risk (EDD) Relationships and escalate all the issues to the respective desks which could have an impact on the business. Reviews and Approvals of Static Data Amendments for existing customer accounts (Periodic Reviews) Conduct the background screening using specialist research tools like Factiva & Lexis Nexis. Verifying that the Entity is not part of Sanctioned Countries List and not Dealing/Invests/Domiciled/Controlling from Sanction Country and also verifying the Cross Border transactions. Scrutinizing the Source of Funds, Source of Wealth, Nature of Business, Products and Identifying the Risk Associated with It. Closing the world check hits as false positive/critical match/non-critical match as appropriate which are generated against the clients and their associate parties. Periodic monitoring of the Gifts & Entertainments provided by the employees to the Government/ State Owned clients. Reviewing and designing AML alerts and thresholds in line with the Bank's internal policies and regulatory requirements. Analysing High Risk EFTs, Hidden Relationships, Watch List Scenarios as a part of alert investigation in Mantas and taking the appropriate action on the alert. Analysing the MT 202 Cover Payments which are routing through high risk jurisdictions Supporting Head Compliance and Money Laundering Reporting Officer (MLRO) in implementation of AML Change Programme and assisting MLRO during internal/external audits. Preparing the Executive Summary/Amendments to the existing EMEA Mantas process documentation post Audit and sharing with MLRO for Sign-off. Ensure that issues are escalated to the appropriate desks which are PEP Desk, BACC Desk, Sanctions Desk, Sustainability Affairs Desk, and Reputational Review Desk and get their approval before on boarding the client. Monitoring of the trading activities on unapproved / suspended clients. Tracking the book of work activities. Production of monthly reports. Preparing Monthly Dashboards for CID EMEA region Previous experience: - BARCLAYS (May2012 to Nov 2012) Chennai Senior Analyst (Client On-boarding)
Key Responsibilities: Performing KYC- Customer Due Diligence & Enhanced Due Diligence for on boarding Global Corporate Clients for Cyprus, Jersey, Isle of Man, Guernsey, Gibraltar, Knightsbridge (London) Jurisdictions. Supporting KYC requirements for Global Banking & Markets and Commercial Banking for new clients, across multiple business lines, ensuring AML Regulations and Barclays policies and procedures are maintained and adhered. Prepare KYC profiles in accordance for sign off in accordance with the Group Policy, KYC ID Matrix, local regulatory requirements and Sign Off Authority Proven skill sets in analysing implications of mergers and acquisitions on legal identities & ownership structures of Corporate, FIs & Funds Analysing, Identifying & Verifying the Complex ownership Structures (more than 3 layers) and creating the structure charts as per the requirement. Performing Independent Research in World Check, Delta List Search, Google Search for PEP Links and adverse news. Adept in To and Fro mails with Onshore and Business Partner Familiar in retrieving the documents and Information from SEC(Securities Exchange Commission), OFAC/EU, FSA (Financial Services Authority), D&B, International Company Registries (US Federal States Registry, UK Company House etc.,) Performing research via internal and external sources, gather and analyze documentation in accordance with Country Specific & Entity Specific Requirements. Performing the CDD & EDD and marking the Corporate KYC account as High Risk/Increased Risk/Standard Risk based on various factors and preparing the CDD checklists and MIS Reports. Dealing with all types of Corporate On boarding Procedures (KBI introduced, Direct, Fully Managed, Partly Managed, Non Managed Accounts) Ensuring all documents are loaded in the document loading system with appropriate indexation To provide a timely, high quality and flexible KYC and Client identification for clients wishing to do business with Barclays. Applications used: Skilled in working on applications like Alacra & WORLD Check & Lexis Nexis for performing searches to pull the negative and relevant information of the client
Performing Counter Party due diligence and uploading the data into the DM&W (Document Management & Workflow) & OASIS Performing reverse checks with Barclays internal applications like Delta List Search. PROJECT EDEN (GLOBAL REFERANCE DATA) ISLE OF MAN (June2012-Aug2012) Support transition initiative to migrate operations to India for the UK Business team by training new hires on multiple business processes. Successfully met timelines in executing operations in Account management in the division of Barclays wealth intermediaries. Previous experience: - G.S.V.Securities Private Limited (Senior Officer for Compliance & AML) June08- May 12 Transaction monitoring which includes the finding the frequency, purpose, source of the transaction. Identifying & Verifying Suspicious Transactions and filing (Suspicious Activities Report SAR, Suspicious Transaction Report STR, Cash Transaction Report CTR) with FIU-INDIA. Performing Periodic AML Remediation on the accounts. Ensure submission of Concurrent & Internal Audit Reports on time Undertaking reviews of extended due diligence to assess risk & providing comments and escalate to Compliance for agreement and approval. Managing the compliance team that focuses on AML, KYC & Quality Assurance. Performing KYC CDD & EDD for on boarding Institutional Clients. Implementing the Regulatory Compliance Life Cycles covering major regulations. Dealing with Document Audits including Regulatory (SEBI)audits & Exchange(NSE) Audits Performing periodic Quality Analysis on all types of relationships and escalate to the management if any potential red flags are identified. Co-ordinating with the regulators & Exchanges in related to the Compliance testing. Identifying the process gaps if any in Audit & AML Areas and Co-ordinates with the regulators to fill the process gaps adhering to the policies & procedures in place.

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phani resume

  • 1. PHANINDRA BABU Mobile: +91 9503605188 E-Mail: phanindra1234@gmail.com Employment Recital Performed assignments in Know Your Customer policies, Compliance, Anti Money Laundering & Audit with the organizations preferably in Banking / Finance Sector Having 7 Years of Experience in Compliance areas of KYC & AML backed by good knowledge of relevant operational exposure. Educational Background M.C.A from Spaces Institute for P.G.Studies, Andhra University. Master of Business Administration in Finance from SMU. B.Sc., (Computers) from AGL Degree College, Andhra University. Professional Certifications AML & KYC Certification from IIBF Fixed Income Debt Market Certification from FIMMDA Equity Derivatives Certification from NCFM & BCFM Regulatory Compliance Policies & Procedures Certification for Financial Markets from NCFM Currency Derivatives Settlement Certification from NISM Skills Profile Database Oracle 9i and Sql Server Web Design Tools HTML, DHTML & CSS Designing Tools Microsoft Visio Operating Systems Windows OS (7,XP, 2003 server and 2000 server) CAREER CHRONOLOGY Credit Suisse (Dec 2012 to Till date) Pune Lead Analyst Financial Crime Compliance Key Responsibilities: Approving new client relationships after reviewing CID documents provided by respective region front office. Interact with the front office to ensure that proper account documentation is obtained from the customer prior to approving client on boarding.
  • 2. Performing Quality Analysis on High Risk (EDD) Relationships and escalate all the issues to the respective desks which could have an impact on the business. Reviews and Approvals of Static Data Amendments for existing customer accounts (Periodic Reviews) Conduct the background screening using specialist research tools like Factiva & Lexis Nexis. Verifying that the Entity is not part of Sanctioned Countries List and not Dealing/Invests/Domiciled/Controlling from Sanction Country and also verifying the Cross Border transactions. Scrutinizing the Source of Funds, Source of Wealth, Nature of Business, Products and Identifying the Risk Associated with It. Closing the world check hits as false positive/critical match/non-critical match as appropriate which are generated against the clients and their associate parties. Periodic monitoring of the Gifts & Entertainments provided by the employees to the Government/ State Owned clients. Reviewing and designing AML alerts and thresholds in line with the Bank's internal policies and regulatory requirements. Analysing High Risk EFTs, Hidden Relationships, Watch List Scenarios as a part of alert investigation in Mantas and taking the appropriate action on the alert. Analysing the MT 202 Cover Payments which are routing through high risk jurisdictions Supporting Head Compliance and Money Laundering Reporting Officer (MLRO) in implementation of AML Change Programme and assisting MLRO during internal/external audits. Preparing the Executive Summary/Amendments to the existing EMEA Mantas process documentation post Audit and sharing with MLRO for Sign-off. Ensure that issues are escalated to the appropriate desks which are PEP Desk, BACC Desk, Sanctions Desk, Sustainability Affairs Desk, and Reputational Review Desk and get their approval before on boarding the client. Monitoring of the trading activities on unapproved / suspended clients. Tracking the book of work activities. Production of monthly reports. Preparing Monthly Dashboards for CID EMEA region Previous experience: - BARCLAYS (May2012 to Nov 2012) Chennai Senior Analyst (Client On-boarding)
  • 3. Key Responsibilities: Performing KYC- Customer Due Diligence & Enhanced Due Diligence for on boarding Global Corporate Clients for Cyprus, Jersey, Isle of Man, Guernsey, Gibraltar, Knightsbridge (London) Jurisdictions. Supporting KYC requirements for Global Banking & Markets and Commercial Banking for new clients, across multiple business lines, ensuring AML Regulations and Barclays policies and procedures are maintained and adhered. Prepare KYC profiles in accordance for sign off in accordance with the Group Policy, KYC ID Matrix, local regulatory requirements and Sign Off Authority Proven skill sets in analysing implications of mergers and acquisitions on legal identities & ownership structures of Corporate, FIs & Funds Analysing, Identifying & Verifying the Complex ownership Structures (more than 3 layers) and creating the structure charts as per the requirement. Performing Independent Research in World Check, Delta List Search, Google Search for PEP Links and adverse news. Adept in To and Fro mails with Onshore and Business Partner Familiar in retrieving the documents and Information from SEC(Securities Exchange Commission), OFAC/EU, FSA (Financial Services Authority), D&B, International Company Registries (US Federal States Registry, UK Company House etc.,) Performing research via internal and external sources, gather and analyze documentation in accordance with Country Specific & Entity Specific Requirements. Performing the CDD & EDD and marking the Corporate KYC account as High Risk/Increased Risk/Standard Risk based on various factors and preparing the CDD checklists and MIS Reports. Dealing with all types of Corporate On boarding Procedures (KBI introduced, Direct, Fully Managed, Partly Managed, Non Managed Accounts) Ensuring all documents are loaded in the document loading system with appropriate indexation To provide a timely, high quality and flexible KYC and Client identification for clients wishing to do business with Barclays. Applications used: Skilled in working on applications like Alacra & WORLD Check & Lexis Nexis for performing searches to pull the negative and relevant information of the client
  • 4. Performing Counter Party due diligence and uploading the data into the DM&W (Document Management & Workflow) & OASIS Performing reverse checks with Barclays internal applications like Delta List Search. PROJECT EDEN (GLOBAL REFERANCE DATA) ISLE OF MAN (June2012-Aug2012) Support transition initiative to migrate operations to India for the UK Business team by training new hires on multiple business processes. Successfully met timelines in executing operations in Account management in the division of Barclays wealth intermediaries. Previous experience: - G.S.V.Securities Private Limited (Senior Officer for Compliance & AML) June08- May 12 Transaction monitoring which includes the finding the frequency, purpose, source of the transaction. Identifying & Verifying Suspicious Transactions and filing (Suspicious Activities Report SAR, Suspicious Transaction Report STR, Cash Transaction Report CTR) with FIU-INDIA. Performing Periodic AML Remediation on the accounts. Ensure submission of Concurrent & Internal Audit Reports on time Undertaking reviews of extended due diligence to assess risk & providing comments and escalate to Compliance for agreement and approval. Managing the compliance team that focuses on AML, KYC & Quality Assurance. Performing KYC CDD & EDD for on boarding Institutional Clients. Implementing the Regulatory Compliance Life Cycles covering major regulations. Dealing with Document Audits including Regulatory (SEBI)audits & Exchange(NSE) Audits Performing periodic Quality Analysis on all types of relationships and escalate to the management if any potential red flags are identified. Co-ordinating with the regulators & Exchanges in related to the Compliance testing. Identifying the process gaps if any in Audit & AML Areas and Co-ordinates with the regulators to fill the process gaps adhering to the policies & procedures in place.