Summary
Overview
Work History
Education
Skills
Certification
Tools
Achievements
Strength
Timeline
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OMKAR KONKAR

OMKAR KONKAR

EDD Associate
MUMBAI,MH

Summary

Finance Professional with 8 years of experience specializing with KYC processes, compliance, and risk assessment in corporate banking. Utilizes analytical skills and regulatory knowledge to provide comprehensive case support. Track record of effective collaboration with cross-functional teams and adapting to dynamic banking environments.

Aiming to further enhance organizational integrity through strategic risk management. Results-driven Team Manager recognized for exceptional leadership and communication skills. Proven expertise in aligning team objectives with organizational goals while effectively resolving interpersonal conflicts

Overview

8
8
years of professional experience
6
6
years of post-secondary education
3
3
Certifications
3
3
Languages

Work History

Associate

Morgan Stanley
Mumbai , Maharashtra
02.2024 - Current
  • Conducted CIP on clients, verified identities, and assessed risk levels.
  • Handled AML oversight and account restrictions effectively.
    Quality checks on all the remediation and periodic review cases that are processed.
  • Work with various lines of business to identify fraudulent or high-risk new accounts.
  • Highlight cash-intensive businesses, high-risk sectors, and PEPs.
    Completed due diligence investigations using public and private databases to meet AML standards.
  • Conducted adverse news checks on directors and stakeholders using compliance tools.
  • Collaborate with internal teams for aligned strategy.
  • Handle confidential information. Delivered clear communication while managing escalations.
  • Provided stakeholders with regular updates on case progress during daily calls.
  • Participated in regular meetings with stakeholders from across the organization regarding ongoing projects related to KYC
    functions.
  • Provided KYC support for corporate and investment banking clients.
  • Communicated effectively with both internal teams and external customers regarding KYC matters.
  • Coordinated with other departments to ensure timely completion of customer onboarding process.
  • Performed due diligence on potential customers to ensure compliance with KYC regulations.
  • Provided guidance to junior staff members on best practices related to KYC processes.
  • Developed reports for senior management regarding KYC performance metrics.
  • Identified, analyzed, and resolved discrepancies in customer information.
  • Conducted extensive research to support regulatory findings and control weaknesses.
  • Analyzed data to provide insights and recommendations for mitigating conduct risk

KYC Case Lead Support

Wipro Ltd
Mumbai
06.2021 - 02.2024
  • 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

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Certification

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

Associate

Morgan Stanley
02.2024 - Current

KYC Case Lead Support

Wipro Ltd
06.2021 - 02.2024

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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OMKAR KONKAREDD Associate