Harish Kumar Thimmaiah
Banking, KYC & AML
Bangalore
Summary
An effective operations management professional with diverse experience of nearly 13 years, Exceptionally well organized with a track record that demonstrates self-motivation, creativity, and initiative to achieve company goals. Competent Professional with 12 years of experience in managing KYC Onboarding, KYC Remediation and Change Management. Exposure and expertise in setting up of new teams which includes hiring, training, and mapping of staff.
- Key Highlights:
- · Shouldered responsibility of handling KYC requirements for APAC region (Hong Kong, Singapore).
- · Managed Data Modifications, PCR and Client Name Checks
- · Played key role in working closely with other Team Managers to cross train staff and bring about reduction in dependency and time taken to process requests.
- · Built cohesive team which had standard productivity of above 100% throughout the year.
- · Instrumental in reduction of 500 outstanding requests for ASIA region
- · Initiated reports with help of IT to keep track of changes made on applications, as there was no system enforced approvals.
- Was on JPMC news bulletin for the achievement
- · Received spot award, Top checker , Extra miler & constantly quarterly for quality check in Deutsche Bank.
- · Received award as Topper in L4 AML KYC .
- · Received Green Star award from ING VYSYA BANK for the best performance and processed all the forms and entries with Nil errors from the period April 2013 to Dec 2013
- · Received Seven Fraud buster award from ING VYSYA BANK for KYC process
- · Recognised as KYC trainer and indulge with KYC training Programmes In Hyderabad and Chennai.
- · Involved in External Audit process
Overview
12
12
years of professional experience
5
5
years of post-secondary education
5
5
Languages
Work History
Associate Manager
Deutsche Bank, BANGALORE, KARNATAKA
Bangalore
07.2021 - Current
- · Key Highlights
- · Accountable for setting up new KYC -Initial Due Diligence Teams across APAC region. This involved creating new workflow which simplified and reduced Outreach by 20% following grouping logic
- · Streamlining pending outreach files and completing sourcing of documents for KYC annual campaign within given deadlines
- · Setting up new workflow tool which was implemented across all regions. Included identifying requirements, testing and go live of application.
- · Managing ASIA APAC NCA Team and ensuring initial due diligence is completed within timelines.
- · Responsible for managing document sourcing team which includes Paid, Subscriptions and Free Sources.
- · Good Stakeholder Management. Regular connects held with onshore team to identify common queries and discrepancies. Helped to reduce returns by 25%
- · SME and Quality checker for the APAC O&A team, APAC region
- · Part of Audit team where extended support for Global sampling on NACE projects
- · Part of KPMG audit team supported for Guarantor Cases Audit team
- · Review all KYC requirements for low, medium and high risk clients by determining appropriate risk rating and ensure Line of business is in accord with laws and corporate policies. Identify Politically Exposed Persons, Sanctioned individuals and entities, Fraudsters and Money Launderers and risks associated with financial crimes.
- · Perform quality check on files submitted by maker and ensure all KYC/Regulatory requirements are met.
- · Expertise in handling Financial institutions, Private Company, Non-Profit Organization, Trust Accounts, Funds, Publicly listed, Regulated entities, Special purpose vehicle, Individuals, Partnership firms & Government bodies.
- · Maintain high level of compliance awareness and knowledge by escalating potentially suspicious transactions and suspected money laundering activities to compliance team and generate compliance reports.
- · Act as Deputy Lead for line manager by assigning/delegating work to team members and managing BAU activities like onshore calls and meetings. Representing bespoke and liaising with onshore team on latest updates and train team on process changes.
Team Leader
JP Morgan Chase & Co ., BANGALORE, KARNATAKA
02.2018 - 07.2021
- Quality Assurance Team
- · Acted as Risk Spoc for team; ensured all requests done within scope of policies and procedures.
- Worked in Quality Assurance team , supported for EMEA and APAC regions Globally.
- Handled project MRA(Market Risk Assessment) team of 16
- Project was due completion in second week of February 2019, but team could complete it by 29th January 2019
- Was on JPMC news bulletin for achievement
- Never compromised on quality accuracy of 99% for team
- Sending daily status to management
- 312 USAPA Project
- Handled 312 project team of 20.
- Was one point of contact for project from QC point of view.
- Reporting daily status to management
- Project was completed well within deadline.
- With 100% accuracy which was well received, appreciated and recognized globally.
- Handle daily call from client and business head, stakeholders discuss problem area and work arounds.
- Was involved in Process improvements, Streamlining process, Closure of issues and routing them to right team.
- Work allotments to team, provide daily work status report to higher Management.
- · Arranging training programs with team to improve quality and smart ways to work was shared within team to achieve set targets
Senior Analyst
State Street Global Advisors Limited
02.2016 - 01.2018
- Quality Check: -
- Managed team of 10 resources in KYC New Client Adoption (On boarding) team efficiently.
- SME and single point of contact for any queries with regards to World Check and AML KYC Policies
- Successfully completed KYC project (RBI) and delivered well before regulatory timeline.
- Expertise in performing KYC on the corporate clients, NBFI, NOVA & Banks of US as per AML guidelines.
- Expertise in understanding Trust documents for clients in US and Non- US.
- Red flags of the transactions with regards to Sanctions & Screening process
- Will be part of the quality calls with the onshore team & help team in improving the quality.
- Taking team huddles start of day to update on new process updates.
- extend my support to team in transport and other queries.
- Also arrange some team engagement activities to keep team energy up
Associate Manager
Deutsche Bank, BANGALORE, KARNATAKA
Bangalore
01.2012 - 11.2016
- Kept work areas clean, organized, and safe to promote efficiency and team safety.
- Operated register to process payments and collect cash payment for order totals.
- Contributed to team success by completing jobs quickly and accurately.
- Worked different stations to provide optimal coverage and meet production goals.
- Scrutinizing and verifying relationship opening forms, in accordance to KYC and AML (Anti Money Laundering) perspective.
- Handling Account Opening (Savings and Current accounts) as per KYC guidelines, AML check etc.
- Customer Due Diligence (CDD) and Enhanced due diligence (EDD) done for account opening applications from branches strong exposure in operations as per requirements of RBI.
- Review procedure and policies related to CIP ensure compliance with KYC and sanctions standard.
- Contacting BH’s and RM’s for missing KYC documents & closure approvals.
- Handled and resolved Customers queries through QMS (Query Management System) and E-Tracker applications within a TAT (Turnaround Time) for providing excellent customer Service.
- Mentored and supported 10 Branch department employees to create strong workplace culture.
Analyst
Deutsche Bank
11.2014 - 01.2016
- Customer Due Diligences (CDD
- Anti Financial Crime, L4 KYC policies And Investment Banking Policies
- Key Deliverables:
- · Review of existing customer profiles and New On boarding clients (NTB Clients).
- · Dealing with clients such as Financial Institutions, Private Entities, Trusts, Funds, Banks, Correspondent Banks, Development organizations, Public quoted and State-owned entities etc.
- · Recording all Directors, Authorized signatories, Shareholders/Beneficial owners.
- · Performing Norcom screening on entity name, and all recorded board members.
- · Google search on Entity names and NORKOM screening for true matches.
- · Strict adherence to OFAC sanctions, Banking Secrecy Act, US Patriot Act.
- · Identify possible patterns of money laundering, ensuring compliance with applicable internal and external policies.
- · Checking financial reports and finding ultimate beneficial owners/Shareholders of corporate clients.
- · Collecting data from Company websites, Stock Exchanges and regulatory websites etc.
- · Visiting the client websites, World Check, D&B Search, FT.com, ACRA, Bloomberg etc· Assess risk rating of client and obtaining additional requirements as per th risk rating (Standard due diligence & enhanced due diligence).
Education
Bachelor of Business Administration - Finance
Kuvempu University
Shimoga 06.2006 - 06.2009
Master of Commerce - Banking And Financial Support Services
Kuvempu University
Shimoga 06.2009 - 01.2011
Skills
Results Analysis
Timeline
Associate Manager
Deutsche Bank, BANGALORE, KARNATAKA
07.2021 - Current
Team Leader
JP Morgan Chase & Co ., BANGALORE, KARNATAKA
02.2018 - 07.2021
Senior Analyst
State Street Global Advisors Limited
02.2016 - 01.2018
Analyst
Deutsche Bank
11.2014 - 01.2016
Associate Manager
Deutsche Bank, BANGALORE, KARNATAKA
01.2012 - 11.2016
Master of Commerce - Banking And Financial Support Services
Kuvempu University
06.2009 - 01.2011
Bachelor of Business Administration - Finance
Kuvempu University
06.2006 - 06.2009
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