Pratik Vichare

• Perform Enhanced Due Diligence (EDD) on high-risk individuals and institutional clients, ensuring compliance with regulatory requirements across the US, APAC, the UK, and India for onboarding and periodic reviews.

• Conduct source of wealth verification on high-risk clients. Conduct cashiering, trade monitoring, and surveillance activity to highlight red flags or unusual account practices.

• Serve as a Subject Matter Expert (SME), providing comprehensive AML/KYC technical support to the EDD team, ensuring 100% adherence to regulatory guidelines.

• Managed client escalations independently, implementing mitigation strategies that reduced resolution time.

• Conduct client outreach to obtain pending information, and escalate unresponsive cases to enforce Enhanced Due Diligence (EDD) restrictions effectively.

• Drive continuous process improvements, and actively contribute to new product development initiatives, and improve workflow efficiency

• Shared process knowledge and best practices, enhancing team knowledge management and operational efficiency.

• Report daily work volumes to management, detailing start-of-day workload, end-of-day completions, and outstanding pending items, with 100% accuracy.

• Assign work tasks based on team needs based on dynamic business priorities and team member availability, optimizing resource utilization.

• Review client profiles to execute Client Due Diligence (CDD) and Enhanced Due Diligence (EDD) in compliance with Global, Country, and Business Unit-specific KYC procedures.
• Perform comprehensive KYC due diligence on diverse client segments, including commercial corporates, financial institutions, fund management houses, and private entities.
• Apply Client Risk Ranking (CRR) methodology for accurate and periodic KYC reviews, ensuring regulatory adherence.
• Analyzed beneficial ownership (BO) and key controllers to identify risks; performed sanctions and adverse media screening to ensure compliance.
• Mitigate or escalate confirmed AML adverse findings, and collaborate with relevant teams for timely corrective actions.
• Reviewed alerted transactions using case management tools, identifying AML typologies and red flags to reduce potential financial crime.
• Analyze transactional and peripheral activities of customers and related parties to detect suspicious behavior.
• Utilize AML/compliance tools such as Fenegro, GCARS, Factiva, and RDC to enhance due diligence and monitoring processes.
• Serve as a Subject Matter Expert (SME) in AML and compliance, maintaining active communication with customers and business units to ensure regulatory compliance.

• Perform Enhanced Due Diligence (EDD) on high-risk individuals and institutional clients, ensuring compliance with regulatory requirements across the US, APAC, the UK, and India for onboarding and periodic reviews.

• Conducted source of wealth verification on high-risk clients and executed cashiering duties, managing transactions accurately while monitoring trades and surveillance activities to highlight red flags or unusual account practices.

• Serve as a Subject Matter Expert (SME), providing comprehensive AML/KYC technical support to the EDD team, ensuring 100% adherence to regulatory guidelines.

• Manage client escalations independently, implementing mitigation strategies that reduce resolution time.

• Drive continuous process improvements, and actively contribute to new product development initiatives, and improve workflow efficiency

• Shared process knowledge and best practices to enhance team knowledge management and operational efficiency.

• Coordinate work allocation based on dynamic business priorities and team member availability, optimizing resource utilization.

• Report daily work volumes to management, detailing start-of-day workload, end-of-day completions, and outstanding pending items, with 100% accuracy.

Conduct client outreach to obtain pending information and escalated unresponsive cases to enforce Enhanced Due Diligence (EDD) restrictions.