Saipriya Patra

About Saipriya Patra

Experienced banking professional with deep expertise in Financial Crime Control, KYC…

Experience

1. Analyst-risk and Compliance

   IBM

   Jun 2024 — Present · Bengaluru, IN

   Analyze and identify alerts generated by the transaction monitoring system (Actimize) to detect potentially suspicious activity.• Apply AML (Anti-Money Laundering) techniques to identify suspicious transactions and assess financial data to determine involvement in illegal or fraudulent activities.• Conduct in-depth research and analysis on complex money laundering and fraud cases.• Perform Enhanced Due Diligence (EDD) document checks and financial crime risk assessments using both internal and external sources.• Investigate cases using the Risk-Based Investigation Model (RBI), applying financial crime knowledge, judgment, and decision-making skills.• Assess whether grounds for suspicion of money laundering or fraud exist, conducting typology and sector reviews.• Write detailed case notes to document investigation activities, findings, and reasoning behind decisions.• Prepare accurate reports detailing suspicions to be submitted to external authorities and provide clear rationale for investigations where no suspicion is found.• Report suspicious transactions to Level 2 (L2) if identified or raise a Request for Information (RFI) if additional details are required.• Manage ongoing investigations, assist law enforcement and other agencies by providing requested materials and evidence.• Serve as a Subject Matter Expert (SME) and support trainer, handling client and quality control (QC) calls, and assisting the team by providing process updates and resolving doubts through huddles.• Conduct Quality Assurance (QA) checks on alerts for new hires, providing floor support and facilitating monthly refresher training.• Participate in process improvement programs to enhance team efficiency and effectiveness.• Track and manage team performance, monitor production counts, and report to the client daily to meet Service Level Agreements (SLA).

Education

• Siksha 'O'​ Anusandhan University

  Bachelor of Technology - BTech, Electrical and Electronics Engineering

  2016 — 2020

• Manipal Institute of Technology

  Postgraduate Degree, Banking, Corporate, Finance, and Securities Law