Nikhila Patkar

Client Onboarding Services (COS)

• Working on Client Onboarding Services: Document Preparation and Research.
• Analyzing the request and identifying the risks involved in the requested product.

Letters of Credit.

• Letters of Credit servicing is a process where a group of banks takes part in a loan/LC program as a bilateral, syndication, or participation.
• Responsible for monitoring exposures in LoanIQ of both JPM and other bank-issued LCs to ensure accurate billing.
• Monitoring key controls such as Nostro, Past Due, and Facility Data Recon.
• Applications we use:
• 1. LIQ – Identifying the deal name, Cash matchings for NA fees.
• 2. iRecs – To track the status of the wire and we will get the reference number, value date and comment history.
• 3. eserve – We will get payment details and swift details of the wire.
• 4. Aurora – Labeling the wire, assigning or reassigning and commenting.

• Perform pre-underwriting tasks. Analyze loan application and various documents, approve and reject based on the history and credibility of the applicant and responsible for ensuring that all loan documentation is complete, accurate and complies with company policy.
• Calculation of income of borrowers by using ICT (Income Calculation Tools) And update the required credentials in core.
• Validating Assets and Liabilities of the customer in order to verify the creditworthiness of customer.
• Analyzing the US tax return Based on the client Employment information to Ensure the income percentage which matches the customer stated income.