NILESH IYER
Dombivli East
Summary
Dynamic KYC and AML professional with extensive experience at Deutsche Bank, specializing in strategic decision-making and risk assessment. Recognized for successfully managing teams and improving compliance processes, while fostering effective communication with cross-functional stakeholders. Expertise in identifying red flags and maintaining high-quality standards in due diligence reviews significantly minimizes regulatory risks. Aiming to leverage this skill set to enhance organizational effectiveness in a challenging new role.
Overview
10
10
years of professional experience
Work History
Associate
Deutsche Bank
Mumbai
10.2024 - Current
- Conducted due diligence reviews on new customers based on KYC and AML standards.
- Prepared MI reports on case progression, priorities, and various other team reports, and presented them to management for tracking.
- Conducted weekly calls with onshore Relationship Managers to push them to get the required details from the client at the earliest, and ensure there is no breach in TAT.
- Collaborated closely with team members to achieve project objectives and meet deadlines.
- Prepared periodic reports summarizing the results of ongoing KYC reviews.
- Provided guidance and support regarding KYC and AML requirements to internal staff members as needed.
- Prepared periodic reports summarizing the results of ongoing KYC reviews.
- Investigated suspicious activity identified by transaction monitoring systems and reported findings accordingly.
- Monitored daily transactions for unusual patterns or activities that may indicate money laundering or terrorist financing activities.
- Managed time effectively to ensure tasks were completed on schedule and deadlines were met.
- Resolved conflicts between team members quickly and effectively.
- Provided guidance, coaching, and feedback to team members.
Senior Analyst
Deutsche Bank
Mumbai
03.2022 - 09.2024
- Performed Regular reviews, Event Driven reviews and New Client Adoption reviews of high-net-worth individuals and Corporate clients of US Wealth management business line
- Worked closely with Relationship Manager to get all information and documentation related to client
- Gathered market intelligence to understand the nature of business, ownership and group structure of various financial institutions
- Communicated with cross-functional stakeholders on key findings
- Performed due diligence on Wealth Management clients using various internal and external systems and uploaded all the information in client database
- Made sure there are no discrepancies in client profile and if found escalated to the AFC team
- Worked closely with Anti financial crime team, PEP Team, Sanctions Team and Front office
- Performed due diligence on client's Account activity and raised it to compliance if found any red flag
- Performed screening on client and all related parties using various internal and external systems like RDC and World check
Deputy Manager
HDFC BANK LTD
Mumbai
03.2021 - 03.2022
- Handling complex issues of same PAN/Aadhar linked with multiple UCIC and allocation of Correct UCIC after dedupe
- Quality checks post A/C opening, Processing of Re KYC forms, Customer instructions, Response on branch queries, Authorization of change in demographics
- Performing Pan clean up activity where same Pan allotted to different customers in the system post confirming the correct customer name with NSDL
- Allocating CKYC number to the customer on the basis of match parameter in CKYC site
- Performing Quality checks and Rectification wherever required of the inputting done of customer details in the FLEXCUBE system
- Team management activity – Ensuring the work is completed by the team within the agreed TAT and collating the data and publishing it to the higher management at EOD
- Checking all the KYC documents of the Individual and Non-Individual clients before providing OD against FD
- Providing Training to the team about KYC, CKYC, ReKYC and the latest update about internal circulars
- Also handling escalations received from customers and internal audit team
Quality Associate - KYC & AML
Accenture Services Pvt. Ltd
Navi Mumbai
06.2019 - 02.2021
- Handled Periodic reviews, Event driven reviews & New Client adoption across various diligence levels including EDD, CDD and SDD for the Cash Management Business group, GSC Business group, Non-Banking Financial Institutional clients, FinTech client, Trust, SPVs, CIS funds as well as public and private entities
- Put together all relevant documents to prepare an KYC Outreach Packet for the client based on their risk classification and identify and raise red flags, if any
- Liaise with internal stakeholders including vendors, Policy Team, AFC and Compliance
- Assess the existing client information – using various resources to confirm account information and recognize the potential risk of existing relationship
- Responsible for completion of the review from start to end in the review life cycle process
- Perform external searches using tools like Lexis Nexis, Fircosoft, RDC screening tool along with Public searches to mitigate negative news and PEP alerts
- Ensured high quality standards are maintained in preparing KYC casework
- Assisted in identifying problem areas and risks associated with processes and provided recommendations to improve quality of KYC file work
- Served as a key team player and delivered training as SME to 10 to 12 FTEs on the policy and procedures with correct KYC approach based on due diligence level in adherence with the Compliance Guidelines
- Decreased regulatory and reputational risk by exercising sound judgment in approving/rejecting submitted cases
- Interacted with Business, Operations and AML Compliance management, as well as KYC and QC teams to solve the issues related to case and meet the completion deadlines
Business Analyst - Personal & Business Banking
Royal Bank of Scotland Services India Pvt. Ltd
Mumbai
12.2014 - 06.2019
- Managing the UK Mortgage Operations for Customers/Clients of RBS, NatWest & FAUK Bank
- It involves daily processing of Mortgage Request received to the Bank
- Requests are divided in to 2 main processes like closures and refunds
- Performing AML and KYC checks and processing the request as per the TAT without breach of SLA
- Maintaining High level of Quality with error rate not exceeding 0.5% and worked on Quality Assurance Testing with AYIC Team
- Involved in Trainings to new FTE along with handling queries of new joiners after having acquired a firm grasp of the process
- Interaction with the Onshore Clients via mail, telephone or Video Conferencing on resolutions of the queries
- Handling real time customer grievances and solving queries by providing quick solutions related to their mortgage account
- Training provided through WEBEX to the Delhi counterparts
- Cross trained on Refunds - A process dealing with refunding the excess amount paid by the customer after the transaction has been processed
- Cross trained in Underwriting - Providing underwriting decision to the customer by doing various Application checks against Credit policy rules and mortgage toolkit
- Performing due diligence on applicant & making an analytical risk assessment of the applicant
Education
Master in Commerce - Management
Mumbai University
Mumbai01.2018
Bachelor Of Commerce -
S.I.E.S College of Commerce & Economics
Mumbai01.2014
Higher Secondary Certificate -
S.I.E.S. College of Commerce & Economics
Mumbai01.2011
Secondary School Certificate -
Model English School
Mumbai01.2009
Skills
- Strategic Decision Making
- Team Management
- Quick Analytical
- Leadership
- Problem solving
- Effective communication
- Adaptability
- Risk Assessment and Evaluation
- Team work
- Time Management
Languages
- English
- Hindi
- Marathi
- Tamil
- Malayalam
Personal Information
- Date of Birth: 12/21/93
- Gender: Male
- Marital Status: Single
- Religion: Hindu
Projects Handled
Deccan Project - Business Continuity Management Project, 10/01/18, 11/30/18, Trained 15 new staff across Mumbai and Chennai offices for Royal Bank of Scotland Services India Pvt. Ltd.
Languages
Tamil
First Language
English
Proficient (C2)
C2
Hindi
Proficient (C2)
C2
Marathi
Proficient (C2)
C2
Timeline
Associate
Deutsche Bank
10.2024 - Current
Senior Analyst
Deutsche Bank
03.2022 - 09.2024
Deputy Manager
HDFC BANK LTD
03.2021 - 03.2022
Quality Associate - KYC & AML
Accenture Services Pvt. Ltd
06.2019 - 02.2021
Business Analyst - Personal & Business Banking
Royal Bank of Scotland Services India Pvt. Ltd
12.2014 - 06.2019
Master in Commerce - Management
Mumbai University
Bachelor Of Commerce -
S.I.E.S College of Commerce & Economics
Higher Secondary Certificate -
S.I.E.S. College of Commerce & Economics
Secondary School Certificate -
Model English School
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