Rakesh Mahenderkar

· Role: Team Manager for the Processing Periodic KYC Reviews (end-to-end KYC process).

· Client Risk Review: Review Low, Medium, and High-risk clients across AMER, EMEA, and APAC regions, ensuring compliance with UBS's AML/KYC regulatory requirements.

· SOW and SOF Corroboration: Verify Source of Wealth (SOW) and Source of Funds (SOF) to ensure financial legitimacy and prevent financial crimes.

· Collaboration: Work with teams worldwide to ensure ongoing KYC reviews meet regulatory standards for new and existing files.

· Cross-Department Liaison: Coordinate with clients, front office, credit, legal, and operations as needed during the KYC review process.

· BGC/Screening: Perform background checks, screening (Sanctions/PEP/Adverse media), and escalate to compliance for sign-off on any true alerts.

· BaFIN Project: Recently completed a BaFIN project with 40 FTEs over a 9-month period, ensuring compliance with BaFIN regulatory requirements.

· EMEA 2020-2021 Review: Involved in the resolution of the 2020 and 2021 EMEA Periodic Review KYC pending population. Global Coordination: Collaborate with KYC Group counterparts worldwide to address global requests.

· MIS Reporting: Create and manage team-level MIS reports to track daily, weekly, monthly, and yearly contributions of each analyst for management analysis.

· Team Ranking: Generate Weekly and Monthly stack-ranking reports to assess individual and team productivity and quality achievements.

• Team of 8 FTE's along with analysis of daily/ weekly/ monthly metrics to track performance of individuals
• Allocation of daily cases to the team and performing random quality review
• Apart from Team Handling, involved in daily productivity, performing initial Quality check and due diligence according to the risk classification of the client
• Completed Initial CRR (Customer Risk Rating) Population and conducting initial due diligence to identify risk rating of the clients and next review date
• Assisted the Hyderabad team during the COVID pandemic by participating in the Business Continuity Plan Exercise (BCP)
• Responsible to ensure Remediation and risk review due diligence completed by Analysts in the assigned Region(s) are conducted internal review correctly and on a timely basis
• Acted as a role SME (subject matter expert) in AML/KYC Canadian due diligence and documentation in the assigned Region(s)
• Involved in 1B Escalation process, to ensure right Escalation will route to Compliance team for Signoff and provide feedback to Team members wherever we have Signoff already available in place or educate Team on Escalation Matrix

• In the Philippines jurisdiction, there are 12 team members, 8 team members for NAOF (No Appendix on File), and 5 team members for Parent Uplift
• Responsible for KYC Remediation and KYC Periodic Review for Philippines Jurisdiction and Involved in other ongoing KYC projects such as NAOF (No Appendix on File) and Parent Uplift team
• Overseeing and managing a team of KYC operation analysts, providing cross-training, continuous feedback, and conducting regular performance evaluations based on daily, weekly, and monthly metrics
• Quarterly assessments are conducted, followed by feedback discussions with each team member and communication with internal stakeholders

• Participated in KYC Remediation projects with UBS in Poland (July 2015 - April 2017), RBC (March 2015 - June 2015), and OFG (Oct 2014 - Feb 2015)
• Conducted comprehensive KYC due diligence for clients across regions (AMER, EMEA, and APAC) based on risk classification, and facilitated the successful transition of KYC processes from Poland to India (Hyderabad and Pune locations) in 2017
• Contributed to short-term KYC Remediation Projects for RBC, conducting due diligence using various tools, and engaged in a brief project with OFG, performing Enhanced Due Diligence for corporate customers in Puerto Rico

• Handled KYC/KYI for Asset and Wealth Management, ensuring due diligence for both new and periodic review clients
• Acted as a central point of contact for onboarding queries and conducted day-to-day Quality Analysis checks

• Worked with Franklin Templeton and Fiduciary Trust Company International (HNW), New York USA
• Was responsible for KYC (KYC remediation, KYC Material Change and Client On-boarding) and AML Transaction Monitoring (Daily, Weekly and Monthly Alerts Investigation)