Summary
Overview
Work History
Education
Skills
Accomplishments
Otherkeyskills
Personaldata
Roles
Industriesdomain
Timeline
Generic
Bhumika Bairathi

Bhumika Bairathi

Jaipur

Summary

Accomplished KYC and AML compliance leader with a proven track record at Deutsche Bank Group, enhancing KYC quality control and risk management processes. Spearheaded strategic initiatives, achieving over 95% quality in client reviews. Expert in stakeholder management and process improvement, demonstrating exceptional leadership and analytical skills.

Results-driven Manager known for high productivity and efficient task completion. Specialize in strategic planning, team leadership, and operational improvement. Excel in communication, problem-solving, and adaptability, ensuring seamless project execution and team cohesion.

Overview

12
12
years of professional experience

Work History

Manager

DBOI (Deutsche Bank Group)
Jaipur
09.2022 - Current
  • Dynamic experience in end-to-end KYC as a quality checker and SME of EDD and CDD clients for new client adoption, regular review, and EDR cases, and meet the regulatory requirements of global and local regions of AU, DE, HK, LU, NL, SG, UK, and US.
  • Providing responses to internal QA queries and coordinating with them to resolve the queries.
  • Allocation of cases as per the SLA, and priority cases as per the deadlines.
  • Taking SME calls on a daily basis and resolving the queries of the Maker.
  • Providing feedback to makers on calibration calls.
  • Taking bi-weekly calls on the topics, bridging the gap of knowledge between the maker and checker, and sharing the knowledge and awareness of AML regulations.
  • Manage and focus on quality, productivity, attendance, and developmental actions for myself and my teammates.
  • Ensure that the team operates efficiently, adheres to procedures and policies set out by the regulators.
  • Holding regular team meetings, with SOD and EOD calls, to create an environment of good communication, with effective two-way feedback of information and ideas.
  • Provided training to vendor staff (Accenture, HCL, and TCS).
  • Prepared KYC Due Diligence profiles on a wide range of entity types (Regulated, Listed, Private, Trusts, LLCs, Partnerships, MSB, Individuals, Trusts, SPVs, and CIS).
  • Perform enhanced due diligence for all the high-risk clients using external resources (Fircosoft, RDC, Lexis-Nexis, Bankers Almanac, Companies House, company websites, government websites, etc.).
  • Coordinate with the Front Office, Credit, Compliance, AML Compliance, and global Client Onboarding Teams to understand the client/deal structure and agree on requirements and responsibilities.
  • Identifies accurate risk ratings for clients' accounts to highlight high-risk jurisdictions, cash-intensive/high-risk businesses, and Politically Exposed Persons (PEPs) or (RCAs).
  • Reviewed clients as a maker and as a checker, as per business requirements.
  • Responsible for quality checks of all risk types (low, medium, and high) clients' review.
  • Check with concentration on sanctions and politically exposed person (PEP) hits, anti-money laundering (AML) procedures, and enhanced due diligence.
  • Performed name list screening (RDC, Fircosoft, and Lexis Nexis) and background checks of entities, ultimate beneficiary owners, and other related parties.
  • Research, collate, and review information from internal and external sources such as the company website, regulatory websites, annual reports, financial reports, Dun & Bradstreet, Lexis Nexis, World Check, Edgar filings, SEC filings, Government Registrar website, Bankers Almanac, FSA, and Company House, and other external sources.
  • Identified discrepancies between customer documents submitted and publicly available sources of information.
  • Maintained compliance frameworks, policies and documentation to support audits.

Operation Specialist (SME)

Osttra Bank
Gurugram
04.2022 - 09.2022
  • Providing a trade platform to the client, such as Markitwire and DSMatch.
  • Onboard the client on Markitwire and DSMatch, and for that, we need to identify and verify a few documents, like the Markitserv User Agreement, Fee Letter, and KYC Questionnaire.
  • Onboard three types of parties: dealer, broker, and end user.
  • Need to check that all the contracts are correctly signed and filled out by the client.
  • We need to reach out to the compliance team and the legal team for approval before we onboard the client.

C-09 KYC Officer

CSIPL (Citicorp Services India Pvt. Ltd.)
Pune
04.2021 - 04.2022
  • Dynamic experience in end-to-end KYC for regular/periodic reviews (RR/PRs) under the regulations of India.
  • Dealing with clients and business partners directly for KYC documentation and information.
  • Performing complete research through different global applications: D&B, Lexis, and KYCKR.
  • Performing a deep scrutiny in Google for the latest information and news related to the client.
  • Hold aggregate quality of above 95% for all the renewals, off-cycle, and modification requests completed end to end.
  • Initiated additional Renewal / Off-Cycle (renewal for the local country appendix) requests with end-to-end completion.
  • Completed modification (ownership change, name change, reverse screening) requests end to end.

Analyst & Senior Analyst

DBOI (Deutsche Bank Group)
Jaipur
03.2015 - 04.2021
  • KYC, SME knowledge, and awareness of AML regulations.
  • Provided training to vendor staff (Accenture, HCL, and TCS).
  • Dynamic experience in end-to-end KYC for new client adoption, regular/periodic reviews (RR/PRs), and event-driven reviews (EDRs) under the regulations of Singapore, Hong Kong, the UK, and Australia.
  • Perform enhanced due diligence for all the high-risk clients using external resources (Fircosoft, RDC, Lexis-Nexis, Bankers Almanac, Companies House, company websites, government websites, etc.).
  • Doing KYC for all risk types of entities categorized by DB globally (high, medium, and low).
  • Coordinate with the Front Office, Credit, Compliance, AML Compliance, and global Client Onboarding Teams to understand the client/deal structure and agree on requirements and responsibilities.
  • Reviewed clients as a maker and as a checker, as per business requirements.
  • Responsible for Quality Checks of all Risk Types (Low, Medium and High) Clients Review
  • Check with concentration on Sanctions and Political Exposed Person (PEP) hits, AntiMoney Laundering (AML) procedures, Enhanced Due Diligence
  • Performed name list screening (RDC,Fircosoft& Lexis Nexis) and background checks of entity, ultimate beneficiary owners and other related parties
  • Research, collate and review information from internal and external sources such as; Company website, Regulatory websites, Annual Reports, Financial Reports, Dun & Bradstreet, Lexis Nexis, World check, Edgar filings, SEC filings, Government Registrar website, Bankers Almanac, FSA and Company House and other external sources

Process Developer

Genpact
Jaipur
08.2012 - 08.2015
  • Part of the Nationwide Building Process (NBS UK Process) with GENPACT.
  • I was working in Nationwide Building Process (NBS UK Process) at GENPACT SEZ.
  • I worked with the Consolidation, Bonds, KYC Team, and PPI Team, where I was identifying and verifying the identity of customers and performing classification checks.
  • Identifying and verifying the identity of customers while opening and closing the accounts.
  • Worked for a Subject Matter Expert, taking care of arranging refresher sessions for the bottom performers.

Education

LLB - Law

Rajdhani College
Jaipur
01.2018

Company Secretary Inter Pass -

ICSI
India
01.2014

M.com (master's in commerce - E.A.F.M.) -

01.2014

B.com (Bachelor of Commerce) -

01.2012

S.J Public School (CBSE-Commerce) -

01.2009

Skills

Leadership and Strategy: Developing and implementing the overall strategy and vision for KYC quality control within the CB division This involves setting goals and objectives, establishing policies and procedures, and ensuring alignment with regulatory requirements and industry best practices

Risk Management: Identifying and managing risks associated with KYC processes and controls This includes conducting risk assessments, implementing appropriate risk mitigation strategies, and monitoring key risk indicators

Process Improvement: Continuously reviewing and enhancing the KYC process to ensure efficiency, accuracy, and effectiveness This may involve leveraging technology, automation tools, streamlining workflows, and collaborating with cross-functional teams to identify and implement process improvements

Training and Accreditation: Developing and delivering training programs to enhance the knowledge and skills of KYC staff, this includes educating employees on KYC regulations, processes, and best practices to promote a strong compliance culture within the organization

Stakeholder Management: Collaborating with various internal stakeholders, such as Outreach, ACO, Sales, Compliance Officers, and other Operations teams, to address KYC-related issues, provide guidance, and facilitate effective communication and coordination

Reporting and metrics: Establishing key performance indicators (KPIs) and metrics to measure the effectiveness of KYC quality control activities This involves generating monthly reports and presenting them to stakeholders, senior management, and other counterparties, and highlighting the areas of improvement and progress

Accomplishments

  • Rewarded with the Sustainable Performer award in September 2023 at Deutsche Bank
  • Lean trained, tested, and certified for preparing an automated Excel sheet that provides all the desired information in one go
  • Rewarded with 1 star in Lean at Genpact
  • Rewarded with two bronze awards and client awards at Genpact
  • Rewarded with the Best Performer award in March 2018 at Deutsche Bank
  • Rewarded for outstanding performance in October 2019 at Deutsche Bank
  • Rewarded as the best Maker for the month of April 2020
  • Rewarded as an outstanding performer for the month of October 2020

Otherkeyskills

  • Identified manual procedure & implemented EUDA's in the process, which improved efficiency & Accuracy & the same has been acknowledged by Management. (DBOI)
  • Ensured quality of processing is maintained as per agreed KPI and SLA.

Personaldata

02/11/91, Female, Indian, Married

Roles

  • Analyst/Senior Analyst/Operation Specialist
  • Team Leader
  • SME/Mentor/Trainer
  • Manager

Industriesdomain

  • KYC / EDR/NCA/Periodic Reviews/Subject Matter Expert
  • AML/AFC/Sales/Outreach
  • High/Medium and Low Risk Rating
  • Risk Pillars-Country/Industry/Entity/Product
  • Screening-PEP/Negative News/ Coordination between sales AFC, Business and Client

Timeline

Manager

DBOI (Deutsche Bank Group)
09.2022 - Current

Operation Specialist (SME)

Osttra Bank
04.2022 - 09.2022

C-09 KYC Officer

CSIPL (Citicorp Services India Pvt. Ltd.)
04.2021 - 04.2022

Analyst & Senior Analyst

DBOI (Deutsche Bank Group)
03.2015 - 04.2021

Process Developer

Genpact
08.2012 - 08.2015

LLB - Law

Rajdhani College

Company Secretary Inter Pass -

ICSI

M.com (master's in commerce - E.A.F.M.) -

B.com (Bachelor of Commerce) -

S.J Public School (CBSE-Commerce) -

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Bhumika Bairathi