Akshay Nair
Onboarding And KYC Expert
Summary
To be a part of a progressive organization that gives me experience and learning in my field of career and enhance my knowledge and skills for personal growth which I can use as an asset for organizational growth.
Overview
8
8
years of professional experience
7
7
years of post-secondary education
3
3
Languages
Work History
BA4 Analyst – Manager
Barclays Bank PLC India
07.2023 - Current
- A specialist member of the KYC team responsible for obtaining, completing, and maintaining all Regulatory KYC documentation for all Clients in accordance with the Bank's guidelines and in compliance with RBI & SEBI regulations
- We directly Liaise with our Front office, Internal clients, to gather KYC information, maintaining a professional manner and delivering excellent client service while managing potentially sensitive client information
- Analyzing and advising on the risk presented by various risk categories customers. Facilitating any inputs from Compliance and Financial Crime on queries raised on new and existing clients
- Responsible to Manage the 4 Eye Check for Critical Report for RBI, Conducting Knowledge transfer session to stake Holders and Preparing Daily MIS
- Team Management – Managing and Leading a Construct of 8 Heads Place under processes and primarily responsible to allocation of Tasks, addressing issues/Escalations to Maintain Healthy Team Environment
- Project support activities such Conducting and Performing UAT/Regression Testing, also conducting knowledge Transfer sessions and Preparing SOP's
Team Leader
JPMorgan Services India PVT. Ltd.
05.2022 - 07.2023
- Onboarding of Deposit, Brokerage, IM (Investment Management/Discretionary Portfolio Management) and SDI (Self Directed Investments) Accounts
- Type of Client Type manage to Open are Individual, Joint, Corporate, Trust, and Estate
- Responsible for Reviewing and Retrieving Client Documents such as Account Opening Bundle, Certificate of Formation, W9 Tax Form and W8 Tax Form, CRF Approval
- Addition of Party and Role Setup such as Ultimate Beneficial Owner, Board of Director, Authorized Signer, Power of Attorney, Trustee, Grantor/Settlor Role to the Accounts
- Validation of Account Transfer Form and Financial Statements for Funding Instruction to the Account Opened
- Ensuring to Open Account within System without missing SLA and Maintaining the Quality above 95 Percent
- Managing Group mail box as per the requirement to resolve all the queries of the Relationship Officers and Front Office.
Senior Associate
BNP Paribas India Solutions Private Limited
06.2019 - 05.2022
- Majorly Process is Divided in 3 Parts I) Account Opening II) Account Maintenance III) Account Closure
- On Boarding of High Net Worth Clients, Corporate, Trust, Individual, Joints Accounts, Validating the Documentation for Onboarding of Clients such as Account Opening Mandate, Identity Cards, Certificate of Incorporation, W8 Tax Forms, Registry Extract, Compliance Approvals, AEOI FATCA etc
- Account Maintenance Activity Handling Address Change, Addition of E Banking Service to clients, Updating the Tin ID, and Passport, Blocking and Unblocking of Accounts
- Providing Premium Services to Client by Opening Discretionary Portfolio Management Accounts, My Advisory Accounts, Forex Margin Trade Accounts etc
- Closure of Accounts has Different types Client Initiated Closures, Bank Initiated Closure, Illiquid Clients of accounts and Compliance Issue
- Successfully Migrated the process from Singapore to provide Regional Support for Onboarding Accounts for Singapore and Hong Kong Branch.
Team Member
JPMorgan Services India PVT. Ltd.
02.2017 - 05.2019
- Setting / maintenance of standard settlement instruction for foreign exchange (Corporate and Interbank clients)
- Confirmation setup / maintenance Client/funds on boarding Enrichment and validation of trades with corporate clients
- CLS – Continuous linked settlement Tele confirmation of the trades to ensure timely and smooth settlement.
Team Member (Consultant)
JPMorgan Services India PVT. Ltd.
10.2015 - 02.2017
- Creation/Onboarding of new accounts like hedge fund, SPV, Mutual Funds, Corporate, Subsidiaries etc
- The most common reason is to create an identifier name SPN used for Trading
- Validating US Tax forms and updating the details in the system
- Worked on a special KYC project
- Guided a team of 250 requesters for making amends Sent or updating existing client database as per requirement
- Managed team's mail box as per the requirement to resolve all the queries of the requestors
- Migrated the process with the help of 1 more Team member and provided Training to the Newly join Seniors.
Education
Master of Banking & Finance -
Mumbai University
06.2015 - 03.2017
Bachelor of Banking & Insurance -
Mumbai University
06.2012 - 03.2015
HSC -
Mumbai University
06.2010 - 03.2012
SSC -
Mumbai University
06.2009 - 03.2010
Skills
AML Compliance
Personal Information
- Hobbies: Exploring new places, Playing cricket
- Date of Birth: 08/29/94
Timeline
BA4 Analyst – Manager
Barclays Bank PLC India
07.2023 - Current
Team Leader
JPMorgan Services India PVT. Ltd.
05.2022 - 07.2023
Senior Associate
BNP Paribas India Solutions Private Limited
06.2019 - 05.2022
Team Member
JPMorgan Services India PVT. Ltd.
02.2017 - 05.2019
Team Member (Consultant)
JPMorgan Services India PVT. Ltd.
10.2015 - 02.2017
Master of Banking & Finance -
Mumbai University
06.2015 - 03.2017
Bachelor of Banking & Insurance -
Mumbai University
06.2012 - 03.2015
HSC -
Mumbai University
06.2010 - 03.2012
SSC -
Mumbai University
06.2009 - 03.2010
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