Summary
Overview
Work History
Education
Skills
Websites
Certification
Accomplishments
Projects Handled
References
Timeline
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SANJAY SAWALKAR

SANJAY SAWALKAR

A specialist in global KYC services for Global Bank
Mumbai

Summary

An ambitious and successful professional with nearly 12 years of experience in managing Financial services with extensive focus on Global End to End KYC. Fair amount of knowledge of viz. Anti Money Laundering (AML), Political Exposed Person(PEP), Sanction Screening, Customer or Enhanced Due Diligence, Periodic Review, Client On-Boarding and Remediation Projects. Proven ability to drive out in-efficiencies through process improvement and assist in the maintenance & development of financial systems. Adept at designing and implementing systems to achieve financial discipline and improve the overall efficiency of the organization. Performing Helicopter checks to improve quality and quantity.

Overview

13
13
years of professional experience
1
1
Certification
1
1
Language

Work History

Team Lead

Hexaware Technologies
7 2022 - Current
  • Responsible to ensure the proper functionality of the team
  • To make sure daily, weekly & monthly targets or SLAs are met
  • Preparation of plans to ensure the team meets the targets and highlighting any roadblocks to the client well in advance
  • Conducting Due Diligence and Know Your Customer (KYC) research for clients as part of the business wide Anti-Money Laundering (AML) Compliance remediation process for High, Medium & Low risk clients this mainly includes carrying out periodic reviews by reviewing client documentation, vendor databases, and data entered into the system tools
  • Ensuring all appropriate information is contained in the KYC to meet all regulatory, legal, bank and audit requirements
  • Exposure and understanding of global jurisdictions and regulatory requirements thorough knowledge and understanding of different entity types including listed, regulated, private, public, Funds, trust, foundation, etc., general AML and KYC principles
  • Performing due diligence for existing clients, requesting the KYC information, documentation, review and verification of received documentation and making an analytical risk assessment for Clients
  • Analyze Client data, documentation and negative news in order to determine Client Risk Profile as established under the Global KYC Procedures Collaborate with the CID team worldwide on global requests
  • Provides guidance to less experienced AML/JKYC/Prevention support staff
  • Investigating high risk clients and reporting where necessary, including Politically Exposed Persons, and acquiring all vital documentation to complete the client file
  • Gather information through publicly available sources such as Open Corporate, Banker's Almanac, D&B, Open LEI's, Forbes & other government portals viz; corporate registries, regulatory websites etc
  • Liaise with the onshore team (KYCTL's / Relationship managers) to obtain up to date client on boarding documents and information
  • Providing guidance support to tech team for new enhancement in application before production(UAT Testing)

Associate Process Manager

Eclerx Services
7 2017 - 07.2022
  • Responsible to ensure the proper functionality of the team
  • To make sure daily, weekly & monthly targets or SLAs are met
  • Preparation of plans to ensure the team meets the targets and highlighting any roadblocks to the client well in advance
  • Successfully led across a functional team of 14 people along with processing daily BAU
  • Skilled in data analysis using MS Excel(Pivot Tables, Look Ups,etc.) & MS Power Point(Report Writing)
  • Perform KYC Reviews and On boarding (Schedule and Unscheduled Review for commercial client types across variety of risk class) including monitoring and tracking of KYC records as par the risk rating of the entities
  • Determine if the accounts are in scope
  • Designed, developed, automated and produced reports to monitor team members performance in various key metrics
  • Responsible to check the quality of every KYC file end to end as per the parameters set by the client which are processed by the team members
  • Participating in onshore client call to complete the knowledge gap in the process
  • Completed analysis of transactional information to identify risk, trends and potential wary activity
  • Performed the required KYC screenings on customers documenting the information obtained on the client's as required by global KYC procedures
  • Ensuring compliance with all AML laws, regulations, guidelines, written procedures; OFAC, CIP, KYC, customer/transaction monitoring
  • Effectively conducted AML /KYC formality reports on questionable accounts and transactions
  • Improved and implemented customer risk rating criteria with KYC management and procedure for corporate customer
  • Assisted in the handling of informational requests submitted under the USA Patriot Act
  • Enhanced Due Diligence and Customer Due Diligence were performed on entities via Lexis-Nexis, Fircosoft and Regulatory Data Corp (RDC)
  • Assisted Compliance department with the drafting of Regulatory reports and responses to inquiries as necessary
  • Possess knowledge of various types of trading entities - limited, private and public companies, holding companies, hedge funds, asset managers, Regulated, Listed, trust's etc
  • Experience and knowledge of AML and KYC an advantage, particularly in the Correspondent Banking space
  • Experience of researching KYC sources including Dun and Bradstreet, Companies House, and others
  • Participating in huddle and knowledge sharing
  • Providing the Quality Audit (QA) report to the management and the team leads on request
  • Identification of Training needs Analysis (TNA) on the individuals and setting up the training plan accordingly
  • Providing updates within the team which are delivered by the onshore team
  • Providing floor support to the team members in case of any difficulty
  • Providing approvals for UAT's (User Acceptance Testing) provided by the Tech team.

Data Research Analyst

Morningstar India
02.2015 - 07.2017
  • Performing Simplified due diligence, Customer due diligence and Enhanced due diligence on various client types i.e
  • Corporate, Financial Institutions, Private entities, Government bodies, Funds, Trust, Charity and Regulated entities
  • Processing and sourcing the details of various Us based entities & as well as Non Us entities globally
  • Reviewing and assessing Politically Exposed Persons, entities having business in sanctioned countries
  • Ensuring that all PEPs and Sanctioned individuals / entities captured in an agreed format
  • Validating material hits on the basis of policies and procedures provided by bank
  • Performing review using appropriate tools like World check, Google search, OFAC etc, Orbis, Bankers Almanac, etc
  • Ensuring timely execution of all operational deliverables as per the agreed SLAs and adherence to standards, procedures and mitigation of control issues
  • Suggesting process improvement ideas in finding workarounds to tasks that are repetitive and time consuming.

Analyst

Hexaware Technologies
10.2013 - 01.2015
  • Oversaw file tracking and Error resolutions
  • Received files from various custodians and financial service provider related to holdings, trade details and security details
  • Monitored files and resolved the errors for mismatch of data and reprocess
  • Set up of securities and funds into client's database as per request
  • Conducted maintenance of reference database and ensured data integrity and accuracy
  • Ensured proper data validation and maintained high quality of data for the use of end consumer
  • Stellar role in: Running SQL query for checking reference data
  • Raising queries with Bloomberg related to securities issues
  • Validation of identifiers.

Jr Executive

Shriram Finance
11.2010 - 09.2011
  • Involved in preparation of bank reconciliation & insurance account
  • Solved the various accounting related queries faced by branch employee
  • Independently handled day to day receipt and payment entry transaction.

Education

MBA - Finance

K.C. College of Management
Mumbai, India
04.2001 -

Bachelor of Accountancy - Accounting And Finance

Kelkar College
Mumbai
04.2001 - 2013.04

High School Diploma -

Airoli Madhymic Vidalaya
Mumbai, India
04.2001 - 2010.04

Skills

AML/KYC

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Websites

Certification

NSE's Certificate in Financial Markets (NCFM) Capital Market (Dealers) Module - National stock exchange Mumbai

Accomplishments

  • Recognized for always been rated as an outstanding and exceeds expectation performer
  • Gained outstanding reputation for delivering quality work and achieving customer satisfactions

Projects Handled

Overview Of Commodity Market, Overall Analysis Of Commodity On Indian Market And Spread Analysis, Starwing Commodities, 2 Months, Project On "Understanding Of Commodities Market", Training On Portfolio And Commodities Research

References

References available upon request

Timeline

Data Research Analyst

Morningstar India
02.2015 - 07.2017

Analyst

Hexaware Technologies
10.2013 - 01.2015

Jr Executive

Shriram Finance
11.2010 - 09.2011

MBA - Finance

K.C. College of Management
04.2001 -

Bachelor of Accountancy - Accounting And Finance

Kelkar College
04.2001 - 2013.04

High School Diploma -

Airoli Madhymic Vidalaya
04.2001 - 2010.04

Team Lead

Hexaware Technologies
7 2022 - Current

Associate Process Manager

Eclerx Services
7 2017 - 07.2022

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SANJAY SAWALKARA specialist in global KYC services for Global Bank