PUNEET THAKKAR
Compliance Manager
Navi Mumbai,MAHARASHTRA
Summary
Compliance Manager focused on minimizing company liability by keeping all records, processes and training in full compliance with established standards and legal requirements. Quality-driven and hardworking with proven skills in spotting issues, developing resolutions and implementing corrective actions. Collaborative and team-oriented with excellent communication and interpersonal skills to foster strategic partnerships and promote company reputation.
Overview
16
16
years of professional experience
Work History
Compliance Manager
DBRS Ratings GmbH India Branch
04.2021 - Current
- To provide compliance support for Mumbai-based staff who perform credit rating analysis, data, criteria, or model-related work in support of Morningstar DBRS Credit Ratings.
- Managed cross-functional teams to ensure timely implementation of new regulations, minimizing potential fines or penalties.
- Championed an ethical corporate culture by promoting transparency among team members and ensuring open channels for reporting potential violations.
- Streamlined regulatory compliance processes by implementing efficient monitoring and tracking systems.
- Led change management efforts during periods of organizational restructuring, ensuring seamless transitions without compromising regulatory obligations.
- Successfully navigated multiple internal and external audits, demonstrating robustness of the company''s compliance program.
- Implemented automated solutions to streamline reporting processes, enhancing data accuracy and reducing manual workload for staff members.
- Oversaw the management of a comprehensive regulatory compliance library, making certain all employees had access to current legal resources and documentation.
- Collaborated with legal department to interpret complex regulations, developing clear policies and procedures for organizational adherence.
- Designed risk assessment protocols enabling proactive identification and mitigation of potential non-compliance issues before they escalated into more significant problems.
- Monitored ongoing changes to industry regulations, swiftly adapting compliance strategies to account for new rules or requirements.
- Reduced company risk exposure by identifying and addressing areas of non-compliance through comprehensive audits.
- Prepared and presented comprehensive reports to upper management and audit team, covering issues and recommendations.
- Guide employees on their Compliance queries related to Personal Account Dealing, Conflict of Interest, Gift, Benefit and Entertainment and questions related to Compliance pieces of training
Manager
Standard Chartered Bank
01.2016 - 04.2021
- Managing end-to-end Client Onboarding, CET (Client Execution Team), CRC (Credit Risk Control Documentation)
- Timely initiation and completion of all horizon cases, including trigger reviews. Ensure minimum reworks for CDD and EDD reviews and other activities
- Govern KYC relevant audits or inspections, including liaise or coordination of audit matters and drafting management responses
- Provide KYC inputs into any new banking business or products approval that may have KYC risk
- Develop and manage periodic KYC updating program along with Customer Risk Categorization activities
- Delivering strong governance and execution for the regulatory process, including FATCA, CRS, FM account openings etc.
- Accurate checking of BCA's (Business Credit Application), including Credit approval authority, and ensuring precise submission of BFL and standard documentation for client execution.
- Ensure that the executed documents obtained are accurate, valid, and legally enforceable. Issue SCC/DDN in accordance with Policies & Guidelines without violation of Credit approved terms.
- Authorized to issue SCC/PSCC/DDN for all category facilities for the unlimited amount (including category 1 and 2 limits above USD 200 Million)
- Proceed with booking deals into the DIFC Offshore Booking Location in compliance with applicable Group Policies and Procedures, including the Global Offshore Booking Location Roles and Responsibilities (OBL R&R) Document.
- Ensure that bookings meet local regulatory requirements
- Work with Originating Unit Relationship Manager (OURM) to ensure that documents and approvals required (as per OBL R&R and DOBL CA) to proceed with the booking in DOBL are provided.
- Ensure Customer Due Diligence has been effected through the receipt and review of GIC's and classification of the client as per Dubai Financial Services Authority requirements.
Assistant Manager
Nomura Services India Pvt. Ltd.
02.2013 - 09.2015
- Undertakes surveillance to monitor compliance with regulatory and internal policies and procedures.
- Assist in identifying actual or potential breaches, actively seeks to resolve them and report to senior management.
- The primary objective is to mitigate risk across the regions, guard Nomura and its Employees against legal and ethical conflicts of interest, and ensure adherence to high standards of professional conduct.
- To ensure employees prohibit from entering into a transaction based on material non-public information (MNPI) or based on customer information to safeguard the firm against any reputational and financial risk.
- Maintaining, reviewing and distributing the firm's Restricted, Watchlist, Permanent Insider List and Second Approver list.
- Confirmation of Research Initiation requests as well as maintenance of Research Initiation List.
- Assist with implementing the compliance monitoring program to ensure the business is administered in accordance with policies and guidelines as per regulatory requirements.
- Ensure employees are cross-trained on the Gifts and Entertainment and Outside Business Interest/Affiliations process.
Senior Team Member
J. P. Morgan India Pvt. Ltd.
01.2012 - 01.2013
- Pricing securities which are a part of our portfolio (Fund/Composites) at the asset level.
- Performing analysis/investigation for tolerance, Stale, Spreads and missing price exception.
- Adhering to the control checks and making escalations to fund accountants & clients whenever required.
- Extensively involved in analysis & providing resolution for short-term production issues.
Team Member
ORACLE Financial Services Ltd.
08.2010 - 12.2011
- Work on post-trade compliance breaches for different client's mandates (Fixed Income and Equities), research & analyze those breaches with the help of different applications to report to portfolio managers and account managers.
- Provide pre-trade and post-trade compliance checks to the client based on the research for issues or breaches in the portfolio.
- Analyze and identify investment guidelines of the clients for varied disciplines. (Equity, Mutual Funds, Fixed Income, Hedge Funds) and code the same in the system, which helps the portfolio manager to trade for the portfolio based on their investment objective.
- Work closely with clients on resolving pre and post-trade compliance breaches.
Process Associate
TCS E-Serve Limited
07.2008 - 08.2010
- Performing a role of Compliance In-Business Controls for Citibank, NA & LATAM Trade Services.
- Dealing with expertise in Compliance areas such as Government Violation - OFAC (Office of Foreign Assets Control) Problem, US Sanctions, Trade Anti-Money Laundering, KYC / Customer Acquisition Due Diligence, USA Patriot Act, US Anti-Boycott, Fraud Management, Military Equipment Financing Policy, Bank Secrecy Act (BSA) / Suspicious Activity Reporting, Politically Exposed person, Compliance Local Regulation.
- Providing resolution & feedback to processing teams for all transactions referred to Compliance team in respect of above.
- In summary, to work on systems/software such as TRIMS, TITAN, Global Interdict, Lloyd's List Intelligence website, MK Data's Denial List, e-CADD, SALIRE, Stars, Global Bank Search, etc
Education
Bachelor of Commerce - Banking and Insurance
University of Mumbai
Mumbai, India 04.2001 - 2008.04
Skills
Regulatory examinations
undefinedCore Competency
- Compliance Monitoring
- Team Handling
- Management reporting
- Client onboarding - KYC
- Trade Surveillance
- Credit Risk Control - Documentation
- Portfolio Compliance
Skype Id
puneet.thakkar5
Personal Information
- Date of Birth: 07/05/1987
- Nationality: Indian
- Marital Status: Married
Training
- Advance Excel training
- Team Bonding
- Managing Priorities
- Making emails work
- Cross-Cultural and Virtual Communications
- Compliance rules & procedures
Timeline
Compliance Manager
DBRS Ratings GmbH India Branch
04.2021 - Current
Manager
Standard Chartered Bank
01.2016 - 04.2021
Assistant Manager
Nomura Services India Pvt. Ltd.
02.2013 - 09.2015
Senior Team Member
J. P. Morgan India Pvt. Ltd.
01.2012 - 01.2013
Team Member
ORACLE Financial Services Ltd.
08.2010 - 12.2011
Process Associate
TCS E-Serve Limited
07.2008 - 08.2010
Bachelor of Commerce - Banking and Insurance
University of Mumbai
04.2001 - 2008.04
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