Jeetendra Parmar

Allspring Screening

• Extensive experience in screening and mitigating risks associated with fraud, adverse media, sanctions, embargoes, PEP hits, bribery and corruption, cybercrime, compliance in the marijuana industry, money laundering, shell companies, human trafficking, terrorism and extremism, financial crimes, and drug trafficking, ensuring compliance and safeguarding organizational integrity.

Nomura project

• I was responsible for conducting comprehensive Know Your Customer (KYC) due diligence in alignment with Nomura's policies and EMEA regulations. This involved performing background checks to understand the structure and capacity of customers engaging with Nomura. I ensured that all customers were appropriately categorized by their type—such as Financial Institutions, Non-Bank Financial Institutions, Corporates, Special Purpose Vehicles, Private Investment Vehicles, Pooled Investment Vehicles, Pension Funds, Trusts, Foundations, Charities, Religious Organizations, and Individuals—to apply the correct KYC requirements. Identifying Politically Exposed Persons (PEPs) was also a key aspect of my role to mitigate financial and reputational risks. Utilizing tools like World Check, DJX, and Factiva, I conducted thorough background screenings on clients and their associated individuals, documenting findings in compliance with global KYC procedures.
  

Goldman Sachs June 2021 – April 2023

• I was responsible for collecting and managing comprehensive information on clients and counterparties to support various applications and processes. My duties included gathering data such as legal names, locations, business descriptions, products and services purchased, billing details, and contact information. I also managed reference data elements like Legal Entity Identifier (LEI), North American Industry Classification System (NAICS) code, Employer Identification Number (EIN), Entity tagging, and Business Identifier Code (BIC), ensuring accurate client identification and regulatory compliance. I utilized primary data sources, including Bloomberg and official client websites, to extract attributes like Name of Business (NOB), principal place of business, country of origin, Standard Industrial Classification (SIC) code, legal structure, Customer Identification Program (CIP) classifications, and government IDs. Additionally, I was involved in creating and maintaining entities in our database, conducting Know Your Customer (KYC) refreshes, and updating client information such as addresses, EINs, investment advisors, investment managers, and umbrella funds. This meticulous approach ensured data accuracy and supported informed decision-making within the organization.

Bank of America Merrill Lynch Feb 2021 - June 2021

• I was responsible for coordinating and collecting client-specific information to facilitate the onboarding process across multiple regions, including the US, UK, EMEA, and APAC. This involved gathering and reviewing data from various internal and external sources such as company websites, regulatory websites, annual and financial reports, Dun & Bradstreet, Lexis Nexis, SEC filings, government registrar websites, Bankers Almanac, FSA, and Companies House. I ensured that all aspects of the Client Identification Program (CIP) and necessary account opening documents were provided in compliance with KYC regulations, including the USA PATRIOT Act and the Bank Secrecy Act (BSA). My role included preparing KYC due diligence profiles for a diverse range of entity types, including trusts, LLCs, partnerships, NGOs, LLPs, financial institutions, and government entities. I obtained and reviewed KYC information from various third-party sources such as OpenCorporates, Bloomberg, and internal databases like Registries, FCA reports, and NYSE reports, including annual reports like 10-K and exhibits. Additionally, I validated customer-supplied information and provided approval for work conducted by junior team members, ensuring accuracy and compliance throughout the onboarding process.

New Client Adoption (NCA)

• I was responsible for conducting Level 1 audits to ensure compliance with regulatory requirements and establishing secure facilities for transaction processing. I have coordinated the collection of client-specific information and completed documentation to facilitate the onboarding of new clients. that includes performing Simplified Due Diligence (SDD), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) investigations, as well as maintaining and updating Anti-Money Laundering (AML) and Know Your Customer (KYC) records for existing clients. I have analyzed various corporate structures, such as funds, trusts, partnerships, corporations, private entities, and regulated institutions, and reviewed tax forms (W9, W8, BEN-E, IMY) to determine FATCA classifications. Identifying Politically Exposed Persons (PEPs) and Ultimate Beneficial Owners (UBOs) was also part of my role to mitigate financial and reputational risks. Additionally, I have performed KYC screenings, documented findings as per global procedures, and escalated any suspicious activities to the Anti-Money Laundering (AML) and business line teams. I was cross-trained in processes like Event Driven Reviews (EDR), conducting comprehensive reviews on clients and individuals with potential risk indicators, and contributed to alert review processes across APAC and EMEA regions.

Retail Insurance

• I was responsible for overseeing BackOffice Operations within the insurance process, ensuring the seamless execution of various administrative tasks essential to the organization's success. And the key responsibilities included:
  

Reporting and Management: I have prepared and presented both Beginning of Day (BOD) and End of Day (EOD) reports to senior management, providing critical insights into daily operations. Additionally, I have updated the lean board daily, tracking performance metrics and process improvements. Collaborating with managers, I have played a pivotal role in strategic planning for effective team management.

Training and Development: I have managed notifications and communications regarding Learning and Development (L&D) training sessions, ensuring staff remained informed about upcoming training opportunities. As a Process Knowledge Trainer (PKT), I have developed and delivered training programs to onboard new team members, enhancing their understanding of processes and systems.

Quality Assurance: As an active member of the Quality Control Review (QCR) team, I was responsible for collecting and analyzing data related to errors and team accuracy, identifying areas for improvement, and implementing corrective actions. I also facilitated weekly calls with managers to discuss process requirements and address any challenges.

Customer Feedback Management: I have gathered Voice of Customer (VOC) feedback, providing valuable insights into customer satisfaction and areas needing attention within the process domain.

Nationwide Building Society

• A dedicated professional with extensive experience in back-office operations, specializing in the onboarding of new and existing clients for savings accounts. Proficient in adhering to Know Your Customer (KYC) norms and client policies, ensuring compliance with regulatory standards and timely account setup. Skilled in conducting individual KYC verifications, assessing potential risks, and maintaining stringent adherence to anti-money laundering (AML) regulations. Experienced in transaction monitoring, reporting suspicious activities, and generating daily account opening and rejection statistics. Committed to process efficiency, policy updates, and delivering quality client service.
  

Key Responsibilities:

• Client Onboarding & Account Opening:
  Managed end-to-end back-office operations for the onboarding of new and existing clients, ensuring adherence to KYC norms and client policies.
  
  Verified client identities and assessed potential risks associated with new business relationships to facilitate secure account setups.
  
• Regulatory Compliance & Monitoring:
  Ensured strict compliance with bank regulations and AML standards governing client onboarding and account management activities.
  
  Monitored client transactions, promptly identifying and reporting any suspicious activities in accordance with regulatory requirements.
  
• Reporting & Process Optimization:
  Generated daily reports detailing account opening and rejection statistics to provide insights into onboarding processes.
  
  Strived for swift resolution of account opening procedures while maintaining compliance with policies and KYC norms, enhancing client satisfaction through timely service delivery.
  
• Policy Updates & SOP Management:
  Participated in weekly meetings to stay abreast of new policies and KYC updates from onshore teams.
  
  Ensured immediate incorporation of policy changes into Standard Operating Procedures (SOPs), maintaining alignment with current regulatory standards.