Pawan Sr. Pareek
SENIOR AML/ KYC OFFICER
Gandhinagar
Summary
Seeking a challenging leadership position where I can leverage my expertise in AML/KYC compliance, reconciliation, and settlements, along with strong creativity and problem-solving skills, to optimize processes, enhance client experiences, and drive organizational objectives.
Overview
1
1
Language
2
2
Certificates
18
18
years of professional experience
Work History
Team Leader
Bank of America
11.2017 - Current
- Responsible for conducting thorough 3rd party risk and assurance assessments for diverse clients, ensuring compliance with regulatory requirements and industry best practices. Supporting and delivering large engagements in the AML field for Banking.
- Being a Team Lead at KYC Refresh and Transaction Monitoring teams, ensuring timely and accurate client due diligence in line with global regulatory standards.
- Demonstrated proficiency in meticulous case review, consistently achieving and exceeding stringent productivity and quality assurance targets.
- Providing surveillance support across globe for different Compliance activities, case investigation & drafting of policies, providing relevant documents to internal and external audit as per requirement, etc. Engaged in sales outreach efforts to support the execution of KYC processes.
- Publishing Compliance Dashboard with regards to updates, Risk recorded, Policy breaches, Future forecast, Enhancement and Implementation, etc.
- My role also entailed generating Suspicious Activity Report (SAR) Disclosures, showcasing my ability to translate intricate investigations into concise and informative reports.
- Reconciling General Ledgers, Sub Ledgers and Bank accounts with Balances, stocks at transactions level and balance level.
- Investigating breaks liaising with LOBs
- Clients and front desk teams to resolve aging and high value breaks of FX, Derivatives, and Corporate Actions etc.
- Experience in various tools such as CEW, Lexis Nexus, World Check, Bloomberg, Aladdin, etc.
Analyst
Deutsche Bank
07.2014 - 06.2017
- Fund accounting for private equity, venture capital, fund of funds. Create journal entries that account for all fund activities (cash and investment activity, i.e. subscription, redemption, trade, fund income & expenses, etc.)
- Monthly/quarterly position and cash reconciliation. Performing monthly/ quarterly/ annual accounting. Performing calculations of Management fee, Carried Interest, etc.
- Preliminary reconciliations and funding to ascertain the respective position of client portfolios with DB. Nostro reconciliation and Cash Management with 2200 different Nostros across all the four entities.
- Timely moving funds from sub Nostro keeping the required balance and providing the projection of main Nostro accounts as per currency cut-offs to the trader.
- Overall reconciliations to ascertain how the client portfolios are affecting the DB’s financial figures.
- Providing Client Service groups and Administrators with bulk of facts and figures in report and tabulated format to put forward to Top Management and their respective clients.
- Joined Deutsche as a Financial Analyst at Deutsche Bank. Worked in Global Finance and Foreign Exchange Operations (GFFXO) process in Nostro Cash Management. Worked and reported directly to AVP, VP, and Global Nostro Management leadership.
Process Developer
Genpact India Pvt. Ltd.
12.2008 - 03.2014
- Led quality audits for 3 sub-processes in BFSI domain for USA clients during 2 years as Quality Analyst (Process Developer) at Genpact.
- Completed a project conversion of more than 57% of clients to ACH instead of manual payments resulting in a saving of 6 FTEs. Having responsibility for (21+) Process Associates and Developers to achieve (95%+) process accuracy on a monthly basis.
- Certified Lean ACE (3 stars) while working across multiple shifts to meet business requirements.
- Aided customers with system-related issues as Process Associate in Ceridian, handling US payroll, audit and reconciliation, wage attachment, accounts payable, and cash application (order to cash); completed 2 lean projects for process improvements, achieving 3 lean stars certification.
Education
Bachelors of Commerce - Business Administration
University of Rajasthan
Jaipur, IndiaO Level Certification -
Vardhman University
Kota, India 04.2001 -
Skills
Team supervision
People management
Staff training
Teamwork and collaboration
Team building
Problem-solving
Conflict resolution
Attention to detail
Accomplishments
- Supervised a team
Certification
O-Level Certification in computers.
Timeline
Team Leader
Bank of America
11.2017 - Current
Analyst
Deutsche Bank
07.2014 - 06.2017
Process Developer
Genpact India Pvt. Ltd.
12.2008 - 03.2014
O Level Certification -
Vardhman University
04.2001 -
Bachelors of Commerce - Business Administration
University of Rajasthan
Languages
Hindi
Advanced (C1)
ABOUT ME
Experienced professional with 16+ years in financial crime, compliance, and risk management. Specialized in AML, KYC, Sanctions PEP Screening, Transaction Monitoring, Mantas Alerts, Enhanced and Customer Due Diligence, correspondent banking, Electronic Communication Monitoring, ML regulations, OFAC, MIS Dashboard and reporting. Versatile roles held: Team Player, SME, and individual contributor. Skilled in stakeholders' collaboration and client RM coordination.