Abhishek Parakh
Summary
Results-driven professional with a strong background in delivering impactful solutions and driving organizational growth. Proven ability to foster team collaboration and adapt to evolving needs. Expertise in strategic planning, project management, and client relations. Recognized for reliability, analytical skills, and effective communication.
Overview
11
11
years of professional experience
Work History
Associate I
JP Morgan
06.2023 - Current
- Managing a team size of 9 individuals
- Performing MoM analysis on error categorization to reduce looping.
- Preparing monthly management reports.
- Conduct meticulous investigations and analyze cases per JPMC guidelines.
- Calibration with makers to resolve the disparity of understanding and provide feasible solutions.
- Reviewed various edit types including New Customer, Periodic review, and offboarding activities.
- Executing CDD, EDD, PEP, and SOW collaborations based on risk ratings.
- Maintained awareness of Non-AML requirements for APAC countries including client classification and consent requirements.
- Drafted policies and procedures to ensure compliance and operational effectiveness.
Associate I
JP Morgan
05.2022 - 06.2023
- Executed various regulatory reporting, including EMIR, ASIC, MAS, FMIA, and APAC reports which are daily, monthly, quarterly and yearly to meet regulatory requirements
- Coordinated with stakeholders such custodian banks and cross-functional teams to streamline processes.
- Managed ad hoc services and analyzed complex queries related to existing processes.
- Documented standard operating procedures, reviewed processes, and ensured timely accuracy checks.
- Performed detailed data validation prior to regulatory submissions to resolve quality issues.
- Reported key management regulatory performance indicators while providing stakeholder support.
Assistant Manager
Intertrust
02.2020 - 04.2022
- Monitored KYC documentation requirements for various entity types, including individuals and corporations.
- Validated QC processes before submission to Onshore for final approval.
- Conducted transaction monitoring to identify and report suspicious activities to compliance.
- Performed Anti-Money Laundering checks for funds and investors in accordance with regulations.
- Screened investors using risk intelligence tools such as OFAC sanctions and World Check.
Senior Associate
State Street
07.2018 - 02.2020
- Conducted KYC and AML checks for client onboarding to ensure compliance with US regulations.
- Performed financial research on companies to analyze source of funds and offered products.
- Collected data from company websites, government portals, and third parties to evaluate backgrounds.
- Managed full KYC processes for clients, verifying active status and assessing risk ratings.
- Collaborated with Onshore sales team, coordinating document requirements and obtaining approvals.
- Worked on MIFID project
Operation Analyst
JP Morgan
09.2016 - 06.2018
- Transitioned client onboarding maintenance process from Delaware, USA, ensuring seamless integration.
- Trained new joiners as subject matter expert, enhancing team competence.
- Reviewed client investment mandates and identified discrepancies for resolution.
- Validated client documents to facilitate access requests regarding Power of Attorney and authorized signers.
- Ensured compliance with regulatory requirements throughout document validation process.
- Prepared process flow, standard operating procedures, and value stream mapping for operational clarity.
Team Member
JP Morgan
08.2014 - 08.2016
- Remediated client accounts to resolve discrepancies in account opening workflows.
- Opened new accounts when existing accounts were compromised, ensuring accurate mirroring with old accounts.
- Assisted clients with online account activities to enhance user experience.
Education
MBA - Finance
Sri Bhagwan Mahaveer Jain College
Bengaluru, India01.2017
B.B.M - undefined
S.R.N Adarsh College
01.2014
II P.U.C - undefined
S.R.N Adarsh College
01.2011
S.S.LC - undefined
The New Cambridge High School
01.2009
Skills
- Level II in Spanish language
- KYC uplifts for APAC region
- World check, Lexis-Nexis and OFAC search
- Complex Ownership structure
Timeline
Associate I
JP Morgan
06.2023 - Current
Associate I
JP Morgan
05.2022 - 06.2023
Assistant Manager
Intertrust
02.2020 - 04.2022
Senior Associate
State Street
07.2018 - 02.2020
Operation Analyst
JP Morgan
09.2016 - 06.2018
Team Member
JP Morgan
08.2014 - 08.2016
B.B.M - undefined
S.R.N Adarsh College
II P.U.C - undefined
S.R.N Adarsh College
S.S.LC - undefined
The New Cambridge High School
MBA - Finance
Sri Bhagwan Mahaveer Jain College
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