MD Rahmatullah Sharif

• Got promoted to the next role as Quality Checker Analyst and handling all the SME and team tasks
• Check to ensure CDD Analysts have created updated and maintained Commercial Banking (CMB) customers' Know Your Customer (KYC) profiles in compliance with AML policies and procedures at various stages of review
• Assess AML/Terrorist Financing and overall client risks of CMB new and existing customers (including Business Banking and Corporate customers)
• Review documents and KYC information provided to complete due diligence process and customer profile
• To check if CDD analyst has completed end to end customer due diligence based on procedures for all client types – which includes simple sole traders to highly complex entities like Large corporate, Non profit organizations, NBFIs, Trust, Funds etc.
• Navigate through system records, existing document repositories and publicly available information to obtain information and validate completed due diligence.
• Maintain customer files by compiling available information and consolidating into CMB's KYC system and check if the analyst has undertaken all the key review process steps like risk assessment, customer screening, ID&VA and KYC
• Review the profile completely to make sure the analyst has uploaded all applicable documents (such as Certificate of Incorporation, Articles of Association, Corporate Resolutions, Memorandum of Understanding, Merger & Acquisition, Regulatory websites etc.) to complete the Identification and Verification of client and connected parties.
• Validate where required financial information using financial instruments such as Financial Statements, Annual Accounts/Returns, Annual Shareholder Report, etc to determine Annual Revenue, Asset Size or Asset under management
• Provide logical justification for errors or feedback provided against any incorrect decisions taken by analyst when completing CDD profile within procedures and policies.
• Ensure that analyst has checked for all required exceptions and approvals required before moving it to next stage of approval and making sure information regarding all Connected Parties/Beneficial Owners have been updated in customer profile with correct deciphering of various complex ownership structures
• Ensure Data Quality controls are maintained and data elements captured correctly and along with this maintain relationship and liaison with all internal stakeholders to ensure smooth completion of every customer profile and that too in timely manner
• Deliver updates to front line on trends and issues that surface in risk review process to help create and maintain compliance culture and maintain awareness of AML policy updates, procedural changes and updates in compliance guidance which forms basis on assessing money laundering and terrorist financing risk.
• Managing team (POD) member's performance in terms of quality, accuracy, and productivity
• Handling POD queries and conducting timely team meetings and sharing best practices among team
• sharing weekly quality and providing timely feedback as and when required.

Organization: Wells Fargo

Designation: Due Diligence Associate

Duration: December 2018 – May 2022

Process: FCO Onboarding

• Performing Current Onboarding, Renewal Due Diligence for all entity clients of Low, medium and High-risk clients and working on KYC remediation projects.
• Liaising with the middle office and RM’s to procure necessary KYC Documentation and performing review as per the regulatory requirements.
• Collection and verification of confidential client data via publicly available and internal sources and supporting data with documentation approved sources by Regulators and Wells Fargo guidelines.
• Conducting the Regulatory Screening, Verification and Background Investigations based on adverse news mitigate the Material Risk attributes with appropriate dispositions.
• Compare and contrast differences within KYC records, highlight and escalate any discrepancies to Reporting Manager/ Relationship Manager as per situation.
• Strongly engaged with Front/Middle office and be part of KYC/AML interactions to complete the client deals as per the timeline while meeting firm wide quality standards.
• Responsible for preparing and updating of Client Profiles in the Wells Fargo internal tools and maintaining accurate information as per approved documentations and guidelines.

• Analyst for UK CDD Deployment – Commercial Banking (CMB) from, this is part of KYC operations and have been handling High Risk/SCC, Medium Risk, and Low Risk Review for UK Customers
• Applications used: BMM, CDD Review Tool, Company watch, RDC, Charity Commission, and Document Viewer
• Checking and maintenance of KYC (Know your Customer) Documents & updated records according to alignment
• Contact relationship managers and branches to enquire about customer's documents and any additional information
• Conduct reviews on accounts and high value risk profiles including Charities, Corporations, Public limited Companies, sole traders and Partnerships to identify potential customers and eliminate any KYC and AML Risk implications
• Enquiring about customer Business and Personal Source of Funds and Wealth details to find and report any discrepancies as per Anti money laundering risk standards set by HSBC and various UK and US Regulators
• Adhere strictly to compliance and operational risk controls in accordance with Company and regulatory standards, policies, and practices; report control weaknesses, compliance breaches and operational loss events
• Follow appropriate escalation matrix and proactively highlight questionable profiles based on logical reasoning against text-book approach towards procedures
• Keep current updates with understanding of systems, policies, procedures, and US regulations
• Training and mentoring of new hires in process to help achieve goals and their learning curves
• To facilitate training sessions on various performance reports and process updates to teams to ensure better understanding of different parameters.
• Conducted thorough due diligence reviews on potential clients to identify and mitigate financial crime risks.
• Analyzed large volumes of data and conducted investigative research to detect suspicious activities and transactions.
• Collaborated with cross-functional teams to develop and implement enhanced compliance procedures and controls.
• Prepared detailed reports and recommendations for senior management to assist in decision-making
• processes related to client onboarding and ongoing monitoring.