Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
Generic

Harish Bajaj

Chennai,Tamil Nadu

Summary

Accomplished AML professional with over 10+ years of expertise in AML analysis, Know Your Customer (KYC), transaction alert clearing, narrative writing, and Suspicious Activity Report (SAR) filing. Demonstrated success in implementing robust compliance strategies, conducting thorough risk assessments, and managing third-party relationships. Proven ability to collaborate effectively across teams and with external stakeholders to ensure organizational integrity. Strong communicator with exceptional interpersonal skills, poised to contribute to ambitious projects. Skilled in managing competing priorities and meeting deadlines.

Overview

11
11
years of professional experience

Work History

Compliance Analyst - Third Parties

ChampionX
Chennai, India
05.2023 - Current
  • Conducted comprehensive risk assessments and due diligence on third-party vendors, identifying potential compliance risks and implementing risk mitigation strategies to ensure regulatory compliance.
  • Developed and implemented third-party compliance policies, procedures, and controls in alignment with regulatory requirements and industry standards.
  • Established and maintained effective communication channels with third-party vendors and internal stakeholders to facilitate the exchange of compliance-related information and address any compliance issues or concerns.
  • Monitor third-party relationships, analyze transaction data, and generate reports to identify unusual activity and potential violations
  • Assist in the development and implementation of compliance policies, procedures, and training programs
  • Coordinate and conduct vendor audits to assess compliance with contractual and regulatory requirements
  • Act as a subject matter expert on anti-corruption and anti-bribery compliance, including adherence to the Foreign Corrupt Practices Act (FCPA).

Sanction Investigator

PayPal Ind. Pvt. Ltd.
Bengaluru, India
03.2016 - 05.2023
  • Verifies all aspects of Client Identification Program (CIP) and necessary account opening documents are provided and in accordance with Know Your Customer (KYC), USA Patriot Act, and Bank Secrecy Act (BSA) standards
  • Reviewed and analyzed customer transactions for compliance with applicable laws and regulations.
  • Completes extensive due diligence investigations using public and private databases in accordance with Anti-Money Laundering (AML), BSA, and other regulatory standards to assist business units and prevent operational and reputational risks
  • Reviewed customer KYC/CDD during onboarding for compliance with relevant policies
  • Monitored and analyzed transaction reports including payments and trade alerts for money laundering and terrorist financing risks
  • Engaged with clients to address inquiries related to PEP identification and due diligence processes, fostering transparent communication and building trust by demonstrating a commitment to compliance excellence.
  • Demonstrated proficiency in navigating and implementing regulatory requirements related to identifying and managing Political Exposed Persons (PEPs), ensuring adherence to relevant laws and regulations such as Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
  • Validating KYC risk compliance based on research of customer records, verification of account purpose and legitimacy, analysis of transaction activity
  • Processing daily OFAC, AML, and legal transactions against required lists ensuring that all transactions are in compliance with OFAC regulations and AML policies
  • Performing KYC on the customer's account which has been OFAC restricted for transactions and further proceeding with lifting of limitations or granting appeals
  • Solely responsible for performing background checks/comprehensive public domain search and screening on the transactions/payments to determine any potential OFAC violations
  • Working on sanction trainings for team members and new joiners with different sanction knowledge and sharing the knowledge with members
  • Lead team-wide meetings, assign tasks and workloads to employees, and foster collaboration among teams and across departments.

Incident Handler

Royal Bank of Scotland
Chennai, India
03.2013 - 11.2015
  • Worked within the Remediation Project team tasked with the collection, reviewing, and ultimate approval of all KYC documentation for a set population of client level entities
  • Gathered required legal data and information for entities from a range of independent and approved data sources and produce a detailed review write up in the KYC system
  • Reviewed, verified, classified, and document data, information, and documents on the KYC platform as evidence based on the client procedure and policy
  • Ensured all required KYC regulatory requirements for new and existing clients are still in place according to procedure and FCA policy
  • Evaluated, assessed, and classified entities risk levels based on client procedure
  • Screened clients and related parties using KYC screening tools to identify the PEP, and negative media news
  • Screened and Analyzed entities and individuals against sanction list (OFAC, FATF, and HM Treasury Consolidated List).

Education

MBA: Finance -

University of Madras
04.2012

Bachelor of Arts: Business Administration and Management -

Jai Narayan Vyas University
05.2010

Skills

  • AML Compliance
  • Compliance training
  • Negative news search and PEP determination
  • Name matching criteria and OFAC Sanctions Screening
  • Compliance Reporting and Documentation
  • Due Diligence and Screening
  • Team handling and Team Player
  • Third-Party Risk Management
  • Proficient in MS office: Excel, Word, Outlook
  • Training and mentoring
  • Document Review
  • Risk assessment expertise

Accomplishments

  • Three times consecutive Spot award winner 2018-2021- and two-times cultural award winner 2021, 2022 in PayPal.
  • Received Golden spot award for top performance for year 2014-2015. (RBS)
  • Received spot award from UK counterpart for providing ideas to minimize the process. (RBS)

Timeline

Compliance Analyst - Third Parties

ChampionX
05.2023 - Current

Sanction Investigator

PayPal Ind. Pvt. Ltd.
03.2016 - 05.2023

Incident Handler

Royal Bank of Scotland
03.2013 - 11.2015

MBA: Finance -

University of Madras

Bachelor of Arts: Business Administration and Management -

Jai Narayan Vyas University

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