Magendran K

About Magendran K

Experienced in managing processes / teams across AML operations and have hands on…

Experience

1. Senior Financial Crime Specialist Senior AVP

   Wells Fargo

   Apr 2025 — Present · Chennai, IN

   Involved with cross functional teams to strategize, plan, and execute various financial crime and risk management programs and initiatives. Collaborated with FCRM leaders to drive strategic initiatives, limit risk exposure, and create efficiencies. Built a robust governance and reporting framework for all FCRM functions and associated financial crimes programs.• Handling Transaction Monitoring – Preliminary Investigation process for Wells Fargo; conducting Quality check/STM and Rep Review for the team across all locations which are performed by the Level 1 users.• Handling transaction monitoring PI process for Retail, KYC and KYCC customer transactions.• Recommending Case escalations for the packages which are unusual and having discussion with onshore team to meet the efficiency and accuracy of the team.• Reviewing end to end customer’s accounts, customer behavior, involvement of high-risk countries and counterparties. Customer’s current and previous accounts are completely reviewed.• Based on the review; feedbacks, Suggestions has been provided to the concerned Analyst.• Initiating additional trainings to the team wherever required which helps in mitigating risk involved.• Scheduling Weekly/Monthly calls with team and SME team for sharing the volumes, Quality check and process updates. • As a part of PI team – clearing the packages without TAT breach with expected accuracy.