PRADEEP KUMAR
Jaipur
Summary
Dynamic leader with a proven track record at Deutsche India Private Limited, excelling in regulatory compliance and risk management. Skilled in process improvement and stakeholder collaboration, I effectively managed a team of 75, enhancing operational efficiency and ensuring adherence to stringent policies. Expertise in money laundering detection and automation projects drives my commitment to excellence.
Overview
15
15
years of professional experience
1
1
Certification
Work History
Assistant Vice President
Deutsche India Private Limited (Deutsche Bank Group)
12.2014 - Current
- Proven leader with expertise in regulatory filtering, and suspicious case handling. Responsible for the direct supervision of the functions and knowledge of money laundering, terrorist financing, fraud, and potential threats to our company. Responsible for the company’s sanction, screening, monitoring, and reporting. Managing a staff of 25 associates, sitting in India. Having remarkable experience working with Hotscan and the Hotscan case management application.
- Overseeing USD payments screening processes and ensuring regulatory commitment and client experience are delivered.
- The role entails involvement in overall operational preparedness, working in partnership with technology, AFC, compliance, and product.
- Understands the local, global laws and regulations, and local payment processes and practices of the countries that are serviced by the Head of Global Sanction.
- Responsible for the creation, updating of, and adherence to comprehensive operations policies and procedures, including BCP.
- Possess capabilities to ensure obligations are adhered to through compliance plans, monitoring, and training.
- Preparation of the management dashboard, team skill matrix, team efficiency, and suggestions for optimum utilization.
- Responsible for managing functions currently works on a dual model. Initial screening 2. AFC screening.
- Ensure all open audit points are closed within the expected timeline.
Sr. Process Associate
Royal Bank of Scotland Business Service Private Ltd.
Chennai & Delhi
03.2010 - 11.2014
- Assesses, Analyses and Acts on transactions from automated and manual Transaction filtering processes against the applicable global and local lists.
- Playing a key role of Quality assurance analyst to ensure high quality in the process.
- Transaction filtering process (EMEA, APAC, LATAM) in SWIFT (delivery channel).
- Client Filtering (APAC, EMEA).
- GTP Filtering (APAC, EMEA, NA, LATAM).
- Supporting MIS activities, MI Reporting of the work done on a monthly basis.
- Analyzing unusual transactions to detect Anti-Money Laundering and Anti-Terrorist Financing with respect to the OFAC, EU, UN, Internal and local Sanctions and Scenarios.
- Liaising with AML officer regarding suspicious transactions and to document the same.
- Reconciliation of end-of-the-day queues and generating MIS report.
- Documentation of cases in MLRO & Group Sanction Activity Tool called CAT Plus.
- Suppression of the repeated hits against the lists with the List Management Team.
- Quality Control Check with respect to the transactions and the documentation.
- To re-verifying the Group’s customers, a set of risk-based re-verification techniques.
- Customer due diligence & Enhanced Due Diligence.
- PEP Screening/Customer Due Diligence (CDD).
- Periodic reviews of PEPs list.
- Responsible to execute and maintain training for the new staff regarding the policies, processes and procedures.
Education
MBA - FINANCE & MARKETING
SRM University
Chennai01.2010
BSc. - Industrial Microbiology
BRABU University
Bihar01.2008
Skills
- Engaged leadership
- Client focused
- Partnership and collaboration
- Stakeholder management
- Automation projects
- Operational excellence
- Process improvement
- Audit participation
- Risk management
Affiliations
- Member of Association of Certified Money Laundering Specialists, Miami, USA
- Member of Indian Institute of Banking & Finance, Mumbai
Certification
- Anti-Money Laundering Assessment Level 1 and Level 2
- Certified in Anti-Money Laundering (AML) and Know Your Customer (KYC) from IIBF, Mumbai
- Certified in U.S. Sanction and AML Policy from Regulatory University, USA
- Internal Certification Program – Deutsche Bank Internal Certification
Professional Synopsis
Banking Operations, Sanction screening Operation, Client screening, Middle level leadership, AML/CTF & Sanctions compliance framework, Department operations and procedural adherence, Detail-oriented, Project management, Training and setup of operations unit
Personal Information
- Father's Name: Late Bharat Sharan Chaudhary
- Mother's name: late Indira Chaudhary
- Date of Birth: 03/01/1984
Accomplishments
- Implementation of new Level 2 risk-based sanction screening operations from the US to India is critical in nature.
- Given the responsibility to lead new level 2 sanction screening work from India, post successful migration.
- Remarkable work has been recorded and appreciated by top leads and onshore partners, and as a team, the team was nominated and received the Global Best Team Award of 2018.
- Recognition rewards were received year after year for best performance and delivery
- Secured runner-up position in the bank drive automation program, Boost 5.0
Timeline
Assistant Vice President
Deutsche India Private Limited (Deutsche Bank Group)
12.2014 - Current
Sr. Process Associate
Royal Bank of Scotland Business Service Private Ltd.
03.2010 - 11.2014
MBA - FINANCE & MARKETING
SRM University
BSc. - Industrial Microbiology
BRABU University
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