Namrata Vernekar
Summary
KYC/AML professional with 10 years of experience in client onboarding, CDD, EDD, sanctions screening, and regulatory compliance. Expertise in individual and corporate KYC reviews, UBO identification, risk assessment, and SOF/SOW analysis. Strong knowledge of AML regulations, FATCA, CRS, and customer lifecycle management. Proven track record of maintaining compliance standards while meeting operational targets.
Overview
11
11
years of professional experience
Work History
Business Analyst
Genpact India Pvt LTD
Bengaluru
06.2024 - Current
- Performed customer due diligence and enhanced due diligence reviews for retail and business clients to support onboarding and regulatory compliance.
- Conducted sanctions, politically exposed person (PEP), and adverse media checks to identify potential financial crime risks.
- Evaluated customer records, source of funds, source of wealth, and beneficial ownership information to determine risk levels.
- Investigated and escalated higher-risk relationships in line with compliance requirements and internal procedures.
- Maintained adherence to AML/KYC regulations and organizational policies throughout the customer lifecycle.
- Served as a subject matter expert (SME), providing guidance on complex cases and supporting team members with process-related inquiries.
- Partnered with cross-functional teams to obtain missing information and facilitate timely onboarding decisions.
- Leveraged research and screening platforms, including LexisNexis, LSEG World-Check, Dun & Bradstreet, Cornerstone, and WCAO, to perform customer risk assessments and due diligence investigations
Senior Loan Servicing Representative
Wells Fargo
Bengaluru
06.2023 - 09.2023
- Prepared loan files for underwriting by reviewing income, credit, and supporting documentation for accuracy and completeness.
- Collaborated with underwriters, Home Preservation Specialists, and stakeholders to resolve documentation gaps and expedite loan processing.
- Ensured compliance with federal and state mortgage lending regulations and investor guidelines.
- Reviewed and analyzed borrower income, including salaried, self-employed, and non-employment income, using tax returns (1040, 1065, 1120S, and 1120).
- Assessed complex income scenarios, including self-employment and variable income, to support underwriting decisions.
- Managed multiple loan files simultaneously while meeting quality standards and turnaround time requirements.
- Delivered exceptional customer service by promptly addressing borrower and stakeholder inquiries.
Due Diligence Specialist
Wells Fargo
Bengaluru
07.2018 - 09.2023
- Conducted KYC/CDD reviews for individual and corporate clients.
- Verified customer identity and onboarding documentation.
- Performed sanctions, PEP, and adverse media screening.
- Assessed customer risk and escalated high-risk cases.
- Reviewed UBO, SOF, and SOW information.
- Ensured compliance with AML/KYC regulations and internal policies.
- Supported client onboarding and account opening processes.
- Maintained accurate customer records and resolved onboarding queries.
- Collaborated with compliance and business teams to ensure timely onboarding.
- Assisted with periodic reviews and remediation activities.
Senior Process Executive
Infosys BPM LTD
Bengaluru
03.2015 - 06.2018
- Executed KYC onboarding and periodic review activities for individual and corporate clients in line with regulatory requirements.
- Analyzed customer profiles, ownership structures, and supporting documentation to ensure accurate risk classification.
- Conducted AML reviews, sanctions screening, PEP checks, and adverse media investigations.
- Performed customer due diligence and enhanced due diligence for high-risk customers and complex cases.
- Verified BO/UBO information and reviewed SOF/SOW documentation to support risk assessments.
- Identified compliance risks and escalated exceptions in accordance with internal policies and regulatory guidelines.
- Collaborated with compliance teams, relationship managers, and stakeholders to resolve KYC documentation deficiencies.
- Supported process improvement initiatives, quality assurance reviews, and knowledge-sharing activities.
Education
Karnataka Dharwad University
Skills
- KYC & AML Compliance
- Customer due diligence
- Risk assessment
- Screening
- Client Onboarding
- PEP
- Document review
- Attention to detail
- Quick learner
Accomplishments
- Consistent Top performer.
- Received Achieving excellence award for outstanding performance.
- Achieved Manager Spot Light Award.
- WELLS FARGO Champion Award.
- Extra Miller Award.
- R&R Award.
- Bronze and Silver Award.
Timeline
Business Analyst
Genpact India Pvt LTD
06.2024 - Current
Senior Loan Servicing Representative
Wells Fargo
06.2023 - 09.2023
Due Diligence Specialist
Wells Fargo
07.2018 - 09.2023
Senior Process Executive
Infosys BPM LTD
03.2015 - 06.2018
Karnataka Dharwad University