THANGAVELU LAKSHMIKANDAN
Summary
Seasoned Transaction Monitoring Head with over 15+ years of expertise in compliance and AML operations. Demonstrated success in transaction analysis, data management, and data science-related activities. Skilled in risk management, developing robust procedures, and leveraging data analytics to ensure regulatory adherence and operational efficiency. Adept at leading cross-functional teams, implementing advanced monitoring systems, and optimizing workflows to enhance productivity. Proven ability to conduct thorough investigations, identify suspicious activities, and provide actionable insights. Highlighted leadership qualities and the ability to work with and manage people from varying backgrounds, while promoting team values. Detail-oriented individual who exemplifies professionalism and an ability to manage multiple projects and tasks at any given moment. Strong communicator with a collaborative approach to problem-solving and a commitment to continuous improvement.
Overview
23
23
years of professional experience
1
1
Certification
Work History
APAC Financial Security – AML Transaction Monitoring Head
BNP Paribas
09.2022 - Current
- APAC Financial Security team focuses on compliance with financial security (FS) regulations.
- Team's role includes oversight, advisory support, and coordination across critical areas. Responsibility for evaluating and enhancing FS processes and controls lies with the relevant team.
- By staying abreast of regulatory developments and industry best practices, the team advises on and implements measures to mitigate financial crime risks.
- Efforts maintain the organization's integrity, resilience, and adherence to global standards in financial security.
- Assisted with day-to-day operations, working efficiently and productively with all team members.
Financial Crime Compliance – SG Private Banking AML Transaction Monitoring Lead
Credit Suisse
10.2017 - 08.2022
- Responsible for monitoring all Private Banking (PB) accounts booked in Singapore and Hong Kong, as well as conducting automated adverse news screening reviews on clients
- Provided oversight for PB locations in India, Japan, and Australia
- Followed global minimum standards and Transaction Monitoring Procedures to ensure consistent alert review standards across analysts
- Escalated any potentially concerning cases that could not be resolved with available information to case investigation team for further investigation and potential Suspicious Activity Report (SAR) or Suspicious Transaction Report (STR) filing.
- Supported audit requests by providing well-documented evidence of adherence to established policies and procedures relating to transaction monitoring activities.
- Promoted a culture of compliance within the organization through regular communication of transaction monitoring performance metrics and sharing insights on potential areas for improvement.
- Identified opportunities for process improvements within the transaction monitoring workflow, resulting in increased efficiency without compromising quality or compliance standards.
Private Banking AML Transaction Monitoring Lead
Citibank Singapore Ltd.
12.2013 - 09.2017
- Citi Private Banking (CPB) AML Country Hub unit in Singapore monitors all CPB accounts booked in Singapore and Hong Kong booking centers.
- The Case Investigation and Transaction Trend Monitoring Procedure, a global document by Citibank, guides the review process for alerts to ensure consistent standards worldwide.
- Cases that cannot be closed by the analyst with the available information are escalated to the Regional CPB AML FIU unit for further investigation and possible SAR (STR) filing.
- Optimized data quality for analysis through diligent maintenance and updating of customer information within the monitoring system.
- Assisted in the development of new transaction monitoring rules based on emerging trends and typologies.
- Promoted a culture of compliance within the organization through regular communication of transaction monitoring performance metrics and sharing insights on potential areas for improvement.
- Supported audit requests by providing well-documented evidence of adherence to established policies and procedures relating to transaction monitoring activities.
- Enhanced transaction monitoring system efficiency by streamlining processes and implementing risk-based approaches.
- Reduced false positive alerts through regular tuning of transaction monitoring scenarios and thresholds.
- Served as a subject matter expert within the organization for all matters related to transaction monitoring, providing guidance and support to colleagues as needed.
- Demonstrated commitment to continuous learning by attending relevant training sessions, webinars, and industry conferences to stay informed of emerging trends and best practices in transaction monitoring.
AML Data Quality Management Lead
Citigroup Transaction Services Sdn Bhd
03.2011 - 11.2013
- As part of the team in Citi's Anti-Money Laundering Operations, the responsibility included supporting the implementation and continuous operation of globally standardized Data Management control processes, including data quality testing.
- Responsibilities also encompassed overseeing end-to-end management of Transaction Data change requests, actively tracking, escalating, and resolving any exceptions.
- Close collaboration with local and regional stakeholders from Business, Compliance, AML Technology, and Business Technology ensured comprehensive management and tracking of change requests.
Citibank Singapore - Business Analyst and Project Delivery Lead
Oracle Financial Service Software Ltd
08.2008 - 02.2011
- Client: Compliance Technology, Citibank Singapore – Implemented in house developed AML solution to consumer bank
- Countries Implemented: - Pakistan, Bahrain, Turkey, Japan, Portugal and Canada (First AML implementation on Credit Card system).
- Actively participated in team meetings to share knowledge, exchange ideas, address challenges, and collaborate on potential solutions.
- Performed gap analysis between existing systems or processes and desired state, identifying areas for improvement or enhancement.
- Collaborated closely with stakeholders to identify opportunities for process improvements and drive continuous innovation in the organization.
Project Lead
Polaris Software Lab Ltd
08.2001 - 07.2008
- Client: Compliance Technology, Citibank Singapore – Implemented in house developed AML solution to consumer bank
- Countries Implemented: - Pakistan, Bahrain, Turkey, Japan, Portugal and Canada (First AML implementation on Credit Card system).
- Improved overall team performance by conducting regular performance evaluations and providing constructive feedback to facilitate professional growth.
- Partnered with project team members to identify and quickly address problems.
- Increased stakeholder engagement by conducting regular status updates and addressing concerns proactively.
Education
Bachelor of Engineering (Civil) -
Regional Engineering College (SVNIT)
India06.2001
Skills
- Financial Crime Prevention
- AML Compliance
- Customer Due Diligence
- Statistical Analysis
- Certified Anti-Money Laundering Specialist
- Anti-Money Laundering
Certification
- Certified Anti Money laundering Specialist (CAMS)
- Tableau Desktop Certified Associate
- Certified Information Management Professional (CIMP)
Expertise Summary
- OPERATIONS MANAGEMENT
- DATA INTELLIGENCE
- DATA QUALITY MANAGEMENT
- TRANSACTION MONITORING
- AML / CFT
- MANTAS
- NAME SCREENING
- ACTIMZE
- CALIBRATION / OPTIMIZATION
- FINANCIAL CRIME COMPLIANCE (FCC)
- RISK MANAGEMENT
- DATA ANALYTICS
- PROJECT MANAGEMENT
Technical Qualifications
- Oracle SQL
- PL/SQL
- Pro
- C
- Unix OS
- Business objects
- PL/SQL developer
- Mantas
- Tableau
- Power BI
Personal Information
- Passport Number: W1210437
- Residence Permit: Singapore Permanent Residence
Timeline
APAC Financial Security – AML Transaction Monitoring Head
BNP Paribas
09.2022 - Current
Financial Crime Compliance – SG Private Banking AML Transaction Monitoring Lead
Credit Suisse
10.2017 - 08.2022
Private Banking AML Transaction Monitoring Lead
Citibank Singapore Ltd.
12.2013 - 09.2017
AML Data Quality Management Lead
Citigroup Transaction Services Sdn Bhd
03.2011 - 11.2013
Citibank Singapore - Business Analyst and Project Delivery Lead
Oracle Financial Service Software Ltd
08.2008 - 02.2011
Project Lead
Polaris Software Lab Ltd
08.2001 - 07.2008
Bachelor of Engineering (Civil) -
Regional Engineering College (SVNIT)
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