Rakesh Norway
Banking and Financial Services
Bangalore
Overview
9
9
years of professional experience
Work History
Team Lead
KPMG Global Services
2 2022 - 7 2024
- KYC / Anti Money Laundering
- Acts in a team lead capacity overseeing day-to-day activities of a group of employees
- Financial Crime experience managing end to end KYC/AML/Sanction operations including KYC/EDD/CDD/Transaction Monitoring process
- Sound knowledge on AML/Sanction framework (Adverse Media, PEP/CTF, KYC)
- Provide & maintain a complaint working environment by adhering all law, regulations & ethical standards
- Maintain policies, processes and procedures documentation – SPOC for upliftment in procedures, discuss with the bank & seek approval for changes and share the revised version across the project
- Also, SPOC in rolling out the changes in the procedures to the team over the email & discussing the same in weekly knowledge enhancement training session
- Worked with the head of risk & compliance manager on day-to-day tasks: clear desk policy, Spot check on analyst folders/systems, e-learnings, monthly TL control checklist updated by TLs, Daily leaves updated in PDB, 121 docs saved by TLs & others
- Weekly KPI presentation to key stake holders (onshore/senior leadership) – Volumes, production, Quality, fail trends & RCA
- Mitigate or call out true hits for AML adverse concerns and collaborate closely for further action
- Provides input into goal setting and provides performance feedback to team members and conduct one on one discussions
- Provide day-to-day guidance to the team, influence the teams to improve and collaborate, identify and implement required trainings and action plans
- Effectively utilise MI reports to drive staff performance
- Build/organize MI, as necessary
- Tools and applications used Appian, Equifax & Factiva
- Achievements/Reward: Team excellence award – Quarter 03, 2023
Supervisor
NTT Data Services
07.2019 - 08.2022
- KYC /Transaction Monitoring / Anti Money Laundering
- Lead KYC/AML team in the achievement of project milestones and department objectives
- Coaches, motivates, and guides team members and delegates work to team members
- Significant portion of time spent on performing work of the team and provides input into goal setting and provides performance feedback, conduct one on one discussions
- Regularly review the work of other team members, identifies opportunities for improvement, recommends possible training opportunities
- Ensure the team is meeting or exceeding contractual and service level obligations to customers adapts team priorities to respond to customer and business partner needs
- Achievements/Reward: Star Performer Award in the category of Covid 19 – June 2020, Star Performer Award in the category of Client first – June 2021
Senior analyst
HCL Technologies ltd
08.2017 - 08.2019
- Anti money laundering – Transaction monitoring
- Proving third party service to UK based bank in AML/Transaction monitoring process
- Support Africa region by seamless execution and monitoring transactions for potentially suspicious activity
- Investigate the transactions which are detected for different DS rules and take a decision based upon the outcome of the case and ensuring that the triggered transactions or cases not beaching the time frame or CAD as per agreed AAA process and responsible for completing the BAU without any time log and meeting SLA
- Report unusual activity to the relevant authority and reject transactions involving money laundering or terrorist financing and maintain transparent records
- Trained the subordinates and provided the process knowledge to ensure transactions are always adhered to terms monitored by regulatory bodies and organizational guidelines.
Trade Settlement officer
Citibank – Settlements Team
01.2015 - 02.2017
- Custody – Settlements (Clearing house and Hand delivery)
- Coordinate across functions for seamless execution of transactions in Equity Settlements Operations Unit
- Replying to queries of the brokers, AM’s and providing information on a timely manner and continually evaluate and improve efficiency, accuracy, identify opportunities for simplifying processes and quality control of workflow design, inquiry responsiveness, reduction of TAT
- Clearing house and Hand delivery with provided training to team members and educated them of new developments or work procedures
- Developed MIS for internal managerial review and ensured transactions are adhered to the Bank’s policies, procedures, risk & controls and regulatory requirements
- Achievements/Reward: Instant award Dec 2015 – For settling the high-volume trades on a given time frame, Dazzle award – Best performer quarter 02 2016
Analyst
Northern operating services Pvt Ltd (Northern Trust)
10.2013 - 03.2015
- Derivatives – Controls
- Monitoring on exceptions of whole derivative ie., ETD, OTC and collateral and chasing respective teams for its resolution and communicating with teams for getting the exceptions narrated for its resolution within timeframe
- Completing the BAU without any time log and preparing the reports or Metrics of volumes and presenting it to management review
- Accuracy in completing the reports and quality of work
- Responsible to keep on updating the procedure document if any changes need to be done and maintaining the proper records of the data’s (Volumes or Historic exception) of the team
Skills
Operations Management
Performance monitoring
Coaching and Mentoring
Quality Control
Highest Qualification - MBA in Finance
Year of passing – 2013
Institution - Sri jayachamarendra college of engineering (Autonomous), Mysore
Disclaimer
I hereby declare that the above given information is correct to the best of my knowledge. I promise to do my best to achieve higher professional standards by continuous learning.
Timeline
Supervisor
NTT Data Services
07.2019 - 08.2022
Senior analyst
HCL Technologies ltd
08.2017 - 08.2019
Trade Settlement officer
Citibank – Settlements Team
01.2015 - 02.2017
Analyst
Northern operating services Pvt Ltd (Northern Trust)
10.2013 - 03.2015
Team Lead
KPMG Global Services
2 2022 - 7 2024
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