Prachit Shete
Pune
Summary
Dynamic Compliance Analyst (Financial Crime) with extensive experience at BlackRock, excelling in regulatory adherence and risk management with end to end knowledge and understanding of the AML KYC cycle. Proficient in SQL and evidence-based decision-making, Successfully streamlined workflows and enhanced operational efficiency. Recognized for mentoring junior associates and driving project completion and committed to delivering results in fast paced and competitive environment.
Overview
7
7
years of professional experience
Work History
Analyst
BlackRock
06.2024 - Current
- As a part of the Regulatory compliance team, I work within the Financial Crime risk management team.
- Conduct ongoing monitoring of corporate client and file STR and SAR in case of alerts of generated in the system.
- Assisting the MLRO in filing monthly and quarterly compliance reports to the regulators.
- Closing client KYC checks monthly and quarterly.
- Conducting independent checks and Enhanced due diligence (EDD) for high risk individuals like PEP's.
- Carrying detailed checks to uncover the UBO for corporate entities
- Carry out checks for corporate clients in terms of adverse news, sanctions and previous tax filings to determine the validity of the transactions.
- Assisted in data collection and analysis to support decision-making processes.
- Collaborated with team members to streamline reporting procedures and enhance efficiency.
- Proficiency with tools like World-Check, Lexis Nexis and Fenergo.
Associate
BNY Mellon
08.2023 - 06.2024
- Responsible for carrying out initial checks for client onboarding.
- Analyzing customer documents to determine risk profile to facilitate AML - KYC checks daily for 10 clients.
- Carrying out Customer due diligence for low and medium risk clients.
- Carrying enhanced due diligence for high risk clients and also performs screening checks like PEP, Sanctions and adverse media to be escalated to management for further approvals.
- Sending out customized reports to clients on their holdings, risk, collateral etc, daily, monthly and quarterly.
- Analyzing and replying to client queries on the reports being sent out.
KYC Analyst
Deutsche Bank Group
06.2020 - 05.2023
- Conducted thorough KYC reviews to ensure compliance with regulatory requirements.
- Analyzed client documentation for accuracy and completeness, identifying discrepancies promptly.
- Assisted in the development of KYC policies and procedures to enhance operational efficiency.
- Collaborated with cross-functional teams to streamline onboarding processes for new clients.
- Utilized advanced databases and software tools for effective data management and analysis.
- Monitored ongoing customer due diligence activities to mitigate potential risks proactively.
- Provided training support to junior analysts on KYC best practices and compliance standards.
Senior Associate
Concentrix
05.2018 - 09.2019
- Mentored junior associates, fostering skill development and improving team performance.
- Developed process documentation to streamline workflows and ensure compliance with industry standards.
- Led cross-functional teams to drive project completion and enhance operational efficiency.
- Handled a team of 20 associates as an SME.
- Responsible for handling customer queries and escalation for a leading a e-commerce client.
Education
B2 - German Language And Literature
Goethe Institute Max Mueller Bhavan
Pune04-2018
Master of Science - Science
Savitribai Phule Pune University
Pune, India06-2015
Bachelor of Science - Science
University of Pune
Pune, India06-2013
Skills
- MS Excel
- SQL and databases
- Root-cause analysis
- Compliance analysis
- Workflow Analysis
- Audit support
- Evidence-based decision making
- Excel proficiency
- Business operations analysis
Timeline
Analyst
BlackRock
06.2024 - Current
Associate
BNY Mellon
08.2023 - 06.2024
KYC Analyst
Deutsche Bank Group
06.2020 - 05.2023
Senior Associate
Concentrix
05.2018 - 09.2019
B2 - German Language And Literature
Goethe Institute Max Mueller Bhavan
Master of Science - Science
Savitribai Phule Pune University
Bachelor of Science - Science
University of Pune
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