Basanti Yallapurkar
Pune
Summary
Highly skilled and results-driven AML/KYC Lead with 11 years of experience in financial crime compliance, regulatory adherence, and risk management. Proven expertise in overseeing CDD,EDD and transaction monitoring processes to ensure compliance with global regulatory framework. Excellent Communication and Inter-personal skills, flexible and versatile to new environments, self-motivated a good team Manager.To use my skills in the best possible way for achieving the company’s goals & seeking a responsible job with an opportunity for professional challenge.
Overview
11
11
years of professional experience
8
8
years of post-secondary education
Work History
Senior Process Associate Level 2
Apex Fund Services Limited
Pune
09.2022 - Current
- Proven experience in leading and mentoring AML/KYC teams.
- AML/KYC activities reporting to Luxembourg office (Local office)
- Familiarity with AML compliance technologies and automation tools (World Check, Screening, Lexis Nexis.
- Periodic review/Screening/EDD/CDD all activities are taken care with all regulation to meet requirements
- Dealing activities and static updates in Yardi as checker point to minimizing errors
- Strong stakeholder management skills, working with internal departments (legal, risk, audit, etc.) and external regulators.
- Participated in special projects to increase productivity and make meaningful impact on company and mission
Associate Process Manager
eClerx services Ltd
Pune
03.2022 - 08.2022
- Gathered and analyzed large amounts of data to determine improvement projections.
- Presentation to stakeholders on monthly business review
- Managing a team of 14 people including analyst/SA
- Performed quality assurance checks on transactions and account actions to assess compliance with state and federal regulations.
- People management to ensure employees work productively and develop professionally
Senior Analyst - Investment Banking
Tata Consultancy services Ltd
Pune
08.2015 - 03.2022
- Liaise with the AML and Advisory Compliance team for escalations & contact onshore team in order to escalate High risk client list or other adverse information whenever required for approval or exemptions
- Reporting to Level 2 after doing Customer Enhance Due Diligence and holistic review of alert generated on bank accounts for further escalation if any transaction was found to be anomalous
- Negative string search for analyzing if the transaction is related to Special Category of Client or Politically Exposed Person (PEP)
- New Account Openings and Maintenance as reference data
- After completion of LKYC and GKYC for APAC and non-APAC counterparties on boarding taken place where we support for Account o(Anti-Money Laundering- KYC and Transaction Monitoring)
- Onboarding process taken care for various products such as FX CASH, FX OPTIONS, BLOOMEBERG, DB INTERNET LONDON etc as static data.
Analyst
eClerx services Ltd
Pune
08.2013 - 08.2015
- Worked as SME during proposal analysis to provide business solutions and process ideas.
- Providing Standard Settlement Instructions (SSIs) for EMEA clients across different markets.
- Creating FSMT report on weekly basis that contributes to the calculation of Resource Utilization (RU) Level.
- Conducting a quality check for the entire team and advising relevant feedback.
- Work on the basis of NDA reports which we generate from Business Objects (BO).
- Re-reviewing of the High, Medium & Low risk entity categories for active clients held for London region
- Perform Quality checks on Know Your Client (''KYC'') with due diligence reviews on a diverse range of institutional clients, ensuring KYC and Classification procedures are made in strict accordance with the banks internal policies and regulatory requirement set by financial security.
- Conducting various prevention checks and Anti-Money Laundering checks to verify the credibility of the counterparty.
- Reviewing with thorough understanding of legal structure of various clients like; Private entities, Government bodies, Regulated and Listed entities etc.
- Analyze wide selection of client documentation via internal & external sources in order to extract key information and validate client details in accordance with regulatory KYC requirements.
Education
MBA -
RCU University
Belgaum, Karnataka 03.2011 - 04.2013
B. Com -
Karnataka Pre (Dharwad) University
Belgaum, Karnataka 06.2006 - 06.2009
H.S.C -
Karnataka University
Belgaum, Karnataka 06.2004 - 05.2006
S.S.C -
Karnataka State Board
Belgaum, Karnataka 06.2002 - 03.2003
Skills
- AML regulations (FATCA, CRS, W8-Ben, W9, FinCEN, etc)
- KYC/CDD/EDD (Customer Due Diligence/Enhanced Due Diligence)
- Global regulatory frameworks
- Sanctions screening and transaction monitoring
- Risk assessment and mitigation
- Suspicious activity reporting (SAR)
- Enhanced due diligence (EDD) reviews
- Project dealing, Onboarding, Capital Call
Timeline
Senior Process Associate Level 2
Apex Fund Services Limited
09.2022 - Current
Associate Process Manager
eClerx services Ltd
03.2022 - 08.2022
Senior Analyst - Investment Banking
Tata Consultancy services Ltd
08.2015 - 03.2022
Analyst
eClerx services Ltd
08.2013 - 08.2015
MBA -
RCU University
03.2011 - 04.2013
B. Com -
Karnataka Pre (Dharwad) University
06.2006 - 06.2009
H.S.C -
Karnataka University
06.2004 - 05.2006
S.S.C -
Karnataka State Board
06.2002 - 03.2003
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