OMKAR KONKAR
AML- KYC Analyst
MUMBAI
Summary
A finance Professional with 5 years of experience in AML and KYC background. I am specialized into Customer Identification Program, Screening, PEP Checks ,Onboarding , Identification & Modification of UBO's, Periodic review ,Client Refresh and Negative News.
Overview
5
5
years of professional experience
6
6
years of post-secondary education
3
3
Certifications
3
3
Languages
Work History
KYC Analyst
Wipro Ltd
Mumbai
06.2021 - Current
- Understanding compliance defined standards for applicable client types and any country specific requirement.
- Performing end to end KYC on all risk type client types (Renewal/Modification for High, Medium and Low risks clients)
Performing research on clients via Companies House, company websites, corporate registry and third party sources. - Doing client Onboarding KYC, Checking for institutions & individuals. For institutions we check client's Annual Report, Shareholders, ultimate beneficiary owner, key managerial persons, PEP Check, RCA Check, regulatory check,
certificate of incorporation, memorandum article & many document as such. We also check & evaluate client's risk by checking documents & by doing screening. - Conducting research on client via third party sources and internal sources and ensuring KYC screening of Individuals and Entities with no breaches.
- Analyze data, documentation and negative news in order to determine a Client Risk Profile as established under the KYC Procedures.
- Perform screenings on customer’s information and Enhanced Due Diligence on entities/individuals via Lexis-Nexis, Google and Dun & Bradstreet & evaluating the information and negative news/hits/PEP hits.
- For individuals we check passport , utility bill, bank statements, Gov ID card. We also carry enhance due diligence, Standard due diligence & simplified due diligence based on client's risk evaluation.
- Perform comprehensive review of customers as per defined policies, requirement & process steps.
- Perform research to find latest Beneficial Owners (BOs) Registry from Citi Internal tools (KMC, Citi KYC, DMC, e-search) or External tools (Lexis Nexis, Companies House, Brad & Streets etc.)
- Get latest Photo Id & Address proofs of the BOs as in registry, check if the BO details are accurately filled as per the latest documents, add or modify if required on Citi KYC application & upload relevant documents & take follow-ups
from client if required. - Update the above in KYC Workflow Tool (KWT).
Process Associate
Tata Consultancy Services
Mumbai
11.2017 - 06.2021
- Conducted KYC formality reports on questionable accounts and transactions.
- Adjusted end-to-end KYC process needs to align with workforce capabilities.
- Research is done on the client, background check is done. Periodically evaluate existing Clients according to established policies and procedures.
- Investigating high risk clients and reporting where necessary, including Politically Exposed Persons (PEP), and obtaining all necessary documentation to complete the client file.
- Communicate effectively and efficiently with relevant internal and external parties to obtain KYC documents (including SOW/SOF of the client).
- Liaise with AML team and Relationship Managers to ensure smooth working as per AML standards.
- Conducted due diligence searched in various third parties and internal databases, extracting all the relevant information and uploading in the system.
- Quality checks of new joiners with query resolution.
Education
Master of Commerce - Accounting And Finance
University Of Mumbai
Mumbai 04.2017 - 09.2019
Bachelor of Commerce - Accounting And Finance
R.A Podar College Of Commerce & Economics
Mumbai 04.2014 - 09.2017
Skills
Customer Due Diligence
undefinedCertification
Basic of AML & KYC - LO
Tools
- Nexis Lexis
- Dun & Bradstreet
- World Check
- Dow Jones Factiva
- IBM Explorer
- Bloomberg
- KYCKR
Achievements
- Special Achievement Award - TCS
- 3 Times Star Performer Award - TCS
- 4 Times Star Performer Award - Wipro
- Promoted as a Quality Checker
- Promoted as a Trainer
- Experience in handling a team of 15 members
Strength
- Quick Adapter
- Keen Learner
- Focused and Goal Oriented
- Flexible
- Working Under Pressure
- Leadership
Timeline
KYC Analyst
Wipro Ltd
06.2021 - Current
Process Associate
Tata Consultancy Services
11.2017 - 06.2021
Master of Commerce - Accounting And Finance
University Of Mumbai
04.2017 - 09.2019
Bachelor of Commerce - Accounting And Finance
R.A Podar College Of Commerce & Economics
04.2014 - 09.2017
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