Summary
Overview
Work History
Education
Skills
Languages
Hobbies and Interests
Awards
Timeline
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Ashish Kumar

Ashish Kumar

Summary

Dynamic professional with extensive experience in fraud prevention and compliance at NATWEST. Expertise in conducting comprehensive KYC reviews and managing complex investigations while ensuring strict adherence to AML regulations. Skilled in team development and training, promoting a culture of excellence and compliance.

Overview

11
11
years of professional experience

Work History

Asst. Manager | Fraud Prevention | Compliance | Payments & Due Diligence

NATWEST
GURUGRAM
04.2014 - Current
  • Payments investigations (Incoming, Outgoing and redirected payments for clients and banks) by handling swift message inquiries like (MT199, MT299, etc.)
  • Ensure all reporting timelines are met as per agreed TAT with Shareholders
  • Identifying risks and simplifying processes Handling escalations
  • Sound knowledge of SWIFT applications Intellitracs & Intellimatch.
  • Command in handling Nostro/Vostro cases on payment tools RUMBA & other payment routers.
  • Report making for risk files issue in enclosures.
  • Creating/Updating process documents i.e. SOP (Standard Operating Procedure)
  • Responding to clients queries both through mails and client service enterprise and manage escalations effectively.
  • Processing and decision making as per the Department Operating Instructions and within the timeline and accuracy standards specified.
  • Adhering to risk and compliance of the organization.
  • Conducted, reviewed and analyze information procured and ensure that Know Your Customer (KYC) and Customer Due Diligence for new account opening and maintenance of existing client accounts is in compliance with local regulations as well as the global procedures.
  • Ensured that the KYC Due Diligence (CDD, EDD) package for new onboarding client or recertification of existing client is completed accurately and in a timely manner. Ensured proper maintenance and updates of KYC Due Diligence documentation is in the process for reference and verification.
  • Worked with multiple complex data sources and technical analytical tools/resources to identify potential sanctions hits as defined by KYC/AML/CTF/BSA/OFAC global procedures and regulations.
  • Managed KYC Periodic review book of work (BoW) and oversaw the process. Actively maintained up to date knowledge of regulatory and role-specific requirements along with solid understanding of the AML / KYC risk management framework.
  • Provided ad hoc support to management as requested and also support new team members by facilitating, shadowing and mentoring on job sessions.
  • Performed KYC checks on client on-boarding and periodic reviews of existing Corporate Clients.
  • Investigated on KYCs and transaction activities of Individuals and Corporate Clients to enforce laws and regulations, assessed legality of transactions and operations as per KYC Compliance policies and procedures.
  • Created and maintained accurate and concise records of all Transaction Monitoring investigations undertaken including details on the rationale for any decisions made. Performed Sanctions screening and PEPs identification while reviewing potential negative news hits across Global Client Management divisions.
  • Ensured that the KYC Due Diligence (CDD, EDD) package for new onboarding client or recertification of existing client is completed accurately and in a timely manner. Ensured proper maintenance and updates of KYC Due Diligence documentation is in the process for reference and verification.
  • Provided KYC subject matter expertise, trained and mentored new personnel hired to fulfill the job role.
  • Maintained awareness of KYC policies and procedural updates to prevent potential money laundering, sanctions evasion, tax evasion and terrorist financing risks.
  • Aware of countries that do not have adequate KYC / AML frameworks, content of lists of suspects and sanctions issued by law enforcement and regulatory authorities.

Education

Master business Administration (MBA) -

Guru Gobind Singh University
Delhi, India
01.2013

B.Com (Hons.) -

PATNA University
Patna, India
01.2009

Intermeidiate - Commerce

School of Commerce
Patna, India
01.2005

Matriculation -

Gyan Niketan
Patna, India
01.2003

Skills

  • Quality assurance and control
  • People management
  • Team development
  • Coaching and feedback
  • Training facilitation
  • Decision-making skills
  • Analytical thinking
  • Adaptability and flexibility
  • Multi-tasking proficiency
  • End-to-end KYC reviews
  • CDD and EDD processes
  • AML investigations
  • Report writing
  • Sanctions screening
  • Data analysis techniques
  • Sanction compliance
  • PEP screening
  • OFAC regulations
  • Document processing expertise
  • World Check Docsafe proficiency
  • Intellitrax usage
  • TEDD analysis
  • FIRCO operations
  • Propay management
  • ISV collaboration
  • MS Office proficiency

Languages

English, Hindi, German

Hobbies and Interests

Traveling, Music, Explorer

Awards

Best Performer Award, Going Extra Mile Award (multiple) - NATWEST Top performer, Migrated Process of RRT from Manchester to India

Timeline

Asst. Manager | Fraud Prevention | Compliance | Payments & Due Diligence

NATWEST
04.2014 - Current

Master business Administration (MBA) -

Guru Gobind Singh University

B.Com (Hons.) -

PATNA University

Intermeidiate - Commerce

School of Commerce

Matriculation -

Gyan Niketan
Ashish Kumar