Jagadesh Magendran

WORK HISTORY

EDUCATION

ABOUT JAGADESH MAGENDRAN

Experienced Team Lead with a demonstrated history of working in the financial services industry with a work experience more than 14 years in KYC/AML(Know Your Customer) & Related process and an individual who has acquired varied skill sets over the years which suit the corporate environment while encouraging team work, creative thinking and working on large projects.Roles & Responsibilities as Quality ControllerDay to Day management of a team of KYC Analysts including Team and individual performance;Maintaining the quality of work; Allocation of work and resources; Training and coaching anddevelopment of KYC Analysts; Providing subject matter expertise support to the KYC analysts.Perform Quality Checks on all types of clients in Customer Due Diligence (CDD) & Enhanced CustomerDue Diligence (ECDD).Identifying and highlighting gaps in process, Streamlining & Simplifying Processes, Policies andSystems.Ensuring all alerts are actioned in appropriate manner within agreed procedure standards.Conduct World Check (Sanctions and PEP Screening) & Adverse Media checks.Sanctions – Customer name screening and understanding the business focus/location/citizenshipthrough financial statements, company websites, annual reports, customer confirmation andidentification documents.Perform checks on investigation on AML - Transaction monitoring alerts.Identify or detect unusual or suspicious behavior which may represent money laundering/terroristfinancing by researching the background of client transactions and escalate wherever there are redflags.Transactions Analysis performed to identify any suspicious/structured/high value transactionconducted in the account and if such red flags are identified the same will be reported to FCC and otherauthorities as per operating procedures.