Prakash Singh

• Supporting Bank of America Global commerical and investment banking arm.
• Performing Document Gap Analysis (Request for information) to identify Requirements Needed to Refresh Client.
• Conducting KYC checks for the Bank clients responsible for timely completion of periodic refresh while following Anti money laundering standards, Regulatory guidelines and internal policies and procedures.
• Perform customer due diligence (CDD) checks on different types of clients like Listed Entities, Private Entities, Trust, Partnership Firm, Corporate Bodies, etc. which include domestic and global entities.
• Ensure that customer due diligence (CDD) and enhance due diligence (EDD) process was followed as per applicable regulations including Bank internal policies, compliance and procedures
• Performing Due Diligence & Enhanced Due Diligence According to take the risk classification of clients (Low, Medium & High Risk) for all Regions
• Ensured compliance with regulatory requirements by conducting thorough customer due diligence checks.
• Developed and maintained a centralized system for managing customer information, improving overall efficiency.
• Maintained up-to-date knowledge of industry best practices, sharing insights with colleagues to enhance organizational performance.
• Contributed to successful external reviews, demonstrating effective implementation of KYC standards within the organization.
• Participated in process improvement initiatives, contributing ideas that led to increased efficiency and reduced operational costs.

• Classification of the clients (Low, Medium & High Risk) for all regions.

• Performing the required KYC screening on existing clients by documenting and validating the information obtained on the client as required by the Global operating advisory organizations.

• KYC Procedures utilizing independent research sources, using internal tools.

• Program, providing assistance and support to peer in training and buddy up.

• Responsible for performing periodical review based on risk category defined system (Low, Medium, High).

• Perform due diligence of new and existing clients covering a wide range of different client types.

• Verifying KYC documentation of the clients to be adopted /reviewed.

• Analyze risk and possible and negative findings such as documents not provided and missing information to onshore partner for fulfillment of missing documents

• Part of Structured Settlement new Business Group (RIS), wherein we act as processor of installation of policies of structured Annuities, uploading of contracts, Approval of broker commissions.

• Ensure that only signed and valid contracts should be uploaded in ACE to provide contract visibility.

• Identify the various key aspects of the installation and ensuring that all attributes are faultlessly captured in ACE workspace.

• Responsible for making the payment channel on due date on defined payment streaming ACE in given TAT.

• Taking care of customer escalations & provide floor support to the team

• Responsible for Virtual Lean Board and process level