RAKESH PAWAR

• Reviewing account opening till disbursal and other onboarding queries.
• Coordinating with RM for pending documents.
• Drafting BRD for new product UAT Testing.
• SMA and CRILC Reporting

• Team Leadership: Managed a team of 15 in the Document Verification unit, overseeing comprehensive document verification processes for Non-Individual customers from onboarding through to regulatory reporting to RBI.
• KYC & AML Compliance: Evaluated KYC documentation for completeness, including the analysis of authorized signatories, shareholding structures, and beneficial ownership. Conducted AML due diligence on new and existing clients, offering risk-based recommendations for committee review and approval.
• Client Due Diligence: Facilitated due diligence calls to collect necessary information and articulate regulatory and legal requirements to stakeholders.
• Data Collection & SMA Classification: Aggregated and analyzed data from various systems to ensure precise reporting on high-exposure borrowers (over ₹5 crores). Performed asset classification and SMA categorization (SMA-0, SMA-1, SMA-2) based on overdue parameters and predefined criteria.
• CRILC Reporting: Compiled and submitted CRILC reports to the RBI both monthly and on an ad-hoc basis. Ensured accurate account classification, including large exposures and asset categories (Standard, Substandard, Doubtful). Collaborated with relevant departments to validate data accuracy and manage NPA recognition.
• Reporting Process Optimization: Identified and resolved gaps in reporting processes by working closely with stakeholders, enhancing both accuracy and efficiency.
• Regulatory Coordination: Worked with compliance and product teams to secure approvals for KYC documentation and processes in accordance with regulatory requirements.
• Training & Development: Delivered training sessions for new team members on KYC onboarding procedures and API tool utilization, fostering their professional development.
• Performance Improvement: Leveraged data-driven insights to enhance team performance, streamline processes, and achieve organizational objectives.
• Team Culture & Support: Cultivated a positive and productive team environment by providing consistent guidance and support.
• Audit & Compliance: Assisted management with RBI audit observations, ensuring adherence to regulatory standards and accurate reporting. Contributed to ad-hoc projects and provided necessary information for auditor reviews.
• Stakeholder Engagement: Established and maintained effective relationships with internal and external stakeholders, ensuring clear communication and collaboration.
• Process Efficiency & Performance Analysis: Monitored and enhanced the efficiency of processes, team performance, and customer service. Analyzed daily reports to identify trends in production performance metrics and implemented improvements.

Providing KYC Quality Check Services – Getting CDD and EDD Performing from team for third banking clients
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Imparting guidance and Training to the team on the Compliance Policy’s
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Handling projects of Digital KYC, Video KYC, Onboarding of Customer for the clients and reviewing and approving all changes in the process/contract

Providing High Class Service Delivery to surpass client’s expectations and negotiating with clients on new business opportunities and SLAs
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Engaging in strategic discussions with internal stakeholders from different line of business and working with partner to execute strategies within stipulated timeline.
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Assessing significant financial crime risk events to ensure that all connected parties, particularly cross-border are identified and reported at the appropriate levels internally across all relevant jurisdictions
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Performing required KYC screenings on customers and documenting obtained clients’ information
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Generating & sharing AML/ KYC reports on questionable accounts and transactions
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Obtaining mandatory documents and reports as per KYC requirements; preparing files for periodic review of existing & new clients
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Managing the processing of cases within the turnaround time (TAT) while adhering to the quality guidelines
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Maintaining the confidentiality of all information obtained during the investigations process

• Client Due Diligence: Conducted thorough due diligence on new and existing clients, including listed and regulated entities, small/medium/large private and public companies, as well as complex structures such as cooperatives, foundations, funds, governments, and foreign financial institutions.
• KYC/AML Procedures: Implemented and managed effective KYC/AML due diligence procedures for new client onboarding and existing counterparties. Ensured compliance with both internal and external KYC/AML requirements.
• Regulatory Compliance: Oversaw the approval process for all requests in alignment with regulatory requirements and internal bank policies. Managed the New Client Adoption and Periodic Review streams to ensure compliance.
• Training & Guidance: Provided training and guidance to new team members on quality control procedures. Delivered feedback and daily MIS reports to leads on team progress and performance.
• Quality Assurance: Conducted quality check reviews of client files according to RBI guidelines, ensuring adherence to defined standards for high-quality assurance scores.
• Regulatory KYC/AML Checks: Performed KYC and AML checks as per RBI KYC Master Direction for Foreign Portfolio Investment (FPI) categories and Foreign Direct Investment (FDI) to ensure compliance with regulatory requirements.

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Worked with KYC team and will be responsible for a number of activities aligned with the Know Your Customer activity for large investment banks.
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Interpretation of KYC standards, guidelines, policies and procedures
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Closely reviewed all the required AML and KYC regulatory requirement for all clients and analysed transaction that appear unusual based on customer profile
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Lead the team in performing reviews of low/ medium/ high risk entities, including PEP's/ Sanction/ Negative News and other checks in line with regulatory requirements
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Possessed Detailed knowledge of the following entities: Banks, corporate non-listed companies, funds and listed, foreign financial institution and regulated entities
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Identified issues/ risks/ challenges which might impact business and implemented solutions to mitigate the same
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Investigated the reliability and integrity of data, the validity of conclusions and the appropriateness of assumptions made (where appropriate)
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Acted as back-up in the manager’s absence and as primary back-up to team members in the event of absence or vacancy.
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Supported change impact analysis and assessment, implementation planning and support, issue escalation and management and change acceptance
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Assisted in knowledge management endeavor by sharing process knowledge and best practices within the teams

Conducted complete audit (end-to-end) and enhanced due diligence quality check for all the private entities for regular periodic review
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Steered the verification of sourced client data from Internet and various applications while ensuring compliance with local guidelines
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Obtained any missing client documents direct from on-boarders on email request
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Led the application of all CIP (Customer Identification Program) regulatory requirements to clients through websites including Dun & Bradstreet, Lexis Nexis, Worldwide Regulators
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Directed search as per FCA; managed world-check screening, media search screening
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Administered the routing of produced profiles to onshore AFC team for risk rating approval and then to sales officer for sign-off
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Created audit tests, planned audit engagements relative to the adequacy & effectiveness of compliance, internal
controls and risk management
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Headed the preparation of disclosure and credit review report, Lexis Nexis report and TransUnion report