Sharath R

Assistant Regional Operation Manager (Risk and Recovery)

Muthoot Finance Ltd

Bangalore

08.2021 - Current

Identifying emerging operational risks in the branches resulting from internal factors like inadequate supervision, untrained staff, inadequate staff, interpersonal issues, or other reasons
Responsible for pilferage (cash, assets, or any other kind) at all levels in the field
Centre visit and interaction with clients to sense chances of fraud, manipulation or cases pertaining to loan pipe lining, agent involvement etc
Performing the due diligence on new Clients, requesting the KYC information, documentation, review and verification of received documentation and making an analytical risk assessment for new Clients
Documenting the research and analysis related to the financial activity and related entities of Clients, for an audience that includes Management, Regulators, Internal Audit, Senior Managers and Internal Compliance
Have a thorough understanding of client’s business and related parties in order to monitor client’s activities for unusual transactions and periodical data compilation of high value clients and updating to higher officials
Implementing AML compliance programs in accordance with Indian regulatory requirements, including the Prevention of Money Laundering Act (PMLA) and guidelines issued by the Reserve Bank of India (RBI)
Conducted risk assessments to identify and assess potential money laundering risks, developing strategies to mitigate identified risks
Perform customer due diligence (CDD) processes, including verifying customer identities, assessing risk profiles, and monitoring for suspicious activities and maintain internal controls, including periodic reviews and audits, to ensure ongoing compliance with AML regulations
Established and managed transaction monitoring systems to detect suspicious transactions, ensuring timely reporting as per regulatory requirements

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