Rajat Parcha

Roles and Responsibilities -

- To conduct thorough verification of customer identities using various authentication tools and techniques.

- To ensure compliance with industry standards and regulatory requirements.

- Recommended improvements to identity management systems and processes.

- To maintain accurate and up-to-date records of all identity verification and remediation activities.

- Provided training session to new employees on identity management, shared best practices and remediation procedures.

Roles and Responsibilities -

- To investigate and assessing the type of due diligence to be applied on the third party after gathering new/revised third party information.

- Engaged in due diligence using open source like Financial Conduct Authority, Companies House etc. to conduct reasonable independent research and analysis on third parties based on Risk determined.

- Conducted the Verification of local business registrations, Obtaining references via related party, Accessing information from Chamber of Commerce, Reviewing local legal records, Identifying local litigation or law enforcement issues etc.

- To perform thorough Investigation based on Risk - Beneficial owners, Shareholders, SAR, and executive management for inclusion in watchlist screening, Extended party identification and watchlist screening.

- Ensured third parties and their key associated parties are clear from inclusion on global watchlists via Research tools like - Financial Crime Exit Search, Oneklick, Online Compliance Check, Moody's Application etc.

- Automate continuous watchlist screening, Discounting Manual false positive identification with clear reason code and reporting Potential Red-flags to ABC Officer.

Roles and Responsibilities -

- Verified aspects for Client Identification Program (CIP)/ KYC screenings and necessary account opening documents in accordance with the Global KYC procedure/laws.

- Conducted KYC verification on wide range of Customers profile and entity types (Trusts, Partnerships, and Sole Traders).

- Performed Sanctions screening and PEPs identification. Reviewed potential negative news hits across Global Client Management divisions.

- Reviewed all required AML/KYC Regulatory requirements for all clients and analyzing any unusual transactions against various database, OFAC, World-check and Internet searches.

- To Perform duties that include compiling appropriate information for reporting purpose and archiving the documents & findings in our system together with an overall risk recommendation.

- Leading responsibilities that include resolving escalated issues, measuring and monitoring capacity, coordinating workflow and providing training.