RAKESH NACHARAJU
Hyderabad
Summary
Results-driven compliance professional with extensive experience at ICICI Bank, specializing in KYC and AML practices. Proven ability in risk evaluation and effective problem resolution, ensuring adherence to international standards. Skilled in due diligence methodologies and team development, consistently enhancing compliance processes and maintaining high-quality documentation.
Overview
4
4
years of professional experience
Work History
CDD EDD COMPLIANCE MANAGER
ICICI BANK
HYDERABAD
05.2022 - Current
- Reviewed KYC for accuracy to assess and document customer risk, ensuring compliance.
- Addressed items in daily tasks to meet Bank's KYC and CIP standards.
- Maintained due diligence efforts and identified changes in customer profiles.
- Performed AML Screening/CDD/EDD reviews on prospects and existing customers.
- Resolved EDD Verifier alerts, escalating findings when needed.
- Completed daily duties efficiently, ensuring adherence to protocols.
- Conducted audits to verify compliance with regulatory standards.
- Collaborated with teams to address compliance issues effectively.
KYC Analyst/ CSE
Ozonetel communication
Hyderabad
08.2021 - 04.2022
- Executed KYC documentation compilation while conducting customer due diligence for corporate clients.
- Reviewed Politically Exposed Persons to identify associated risks effectively.
- Regularly updated client profiles with thorough KYC verification processes.
- Monitored accounts for suspicious activities using internal databases to ensure compliance.
- Assessed client risk categories based on industry segment and product offerings.
- Verified signatures of authorized signatories against official documents and banking systems.
- Ensured compliance with regulations by validating KYC during onboarding processes.
- Collected necessary FATCA and CRS information for internal client records.
Education
MBA | Post Graduate - Master Of Business Administration
OU UNIVERSITY
Hyderabad, India04.2017
Bachelor's - Computer science | Bachelor's of science
YPR DEGREE COLLEGE
Siddipet, India04.2009
Skills
- Compliance expertise in regulations
- Research investigation skills
- Risk evaluation techniques
- Team development strategies
- KYC and anti-money laundering practices
- Adherence to international KYC standards
- Due diligence for customers
- Screening for PEP and sanctions
- Client verification and onboarding processes
- Due diligence methodologies
- Process enhancement initiatives
- Management of documentation
- Quality assurance practices
- Analytical data skills
- Problem resolution capabilities
- Effective time management
Hobbies and Interests
Exploring distant lands, Getting lost in a good book, Capturing moments, Feeling the music, Write Poems
Projects
08/2023 – 01/2024 Bangalore, India, Team Member, KYC Remediation
Accomplishments
- Spearheaded the management of KYC procedures for foreign portfolio investors on behalf of US and UK clients
- Played a key role in designing KYC workflows to enhance department office understanding of AML/KYC
Strengths
- Strong analytical skills
- Attention to detail
- Compliance knowledge
- Problem-solving abilities
- Communication skills
- Team player
Timeline
CDD EDD COMPLIANCE MANAGER
ICICI BANK
05.2022 - Current
KYC Analyst/ CSE
Ozonetel communication
08.2021 - 04.2022
MBA | Post Graduate - Master Of Business Administration
OU UNIVERSITY
Bachelor's - Computer science | Bachelor's of science
YPR DEGREE COLLEGE
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