SHARATH BABU KATAKAM

Managing requests for new and updated accounts via the Client-On boarding internal and external systems.
• Led team of 12 members responsible for completed end to end KYC records for different types of clients.
• Daily interactions with stakeholders on client deliverables through positive attitude and attentive response to meet SLA and targets.
• Mentored and guided employees to foster proper completion of assigned duties, allocation of work, Feedback, 1-2-1 monthly basis.
• Cross-trained and provided backup support for organizational leadership for the team.
• Hand holding entire end to end KYC Process in KYC Periodic Reviews and off boarding in KYC Remediation and A.U retail Onboarding process.
Managing requests for new and updated accounts via Client-On boarding internal and external systems.
• Performing KYC Checks and Investigate Documentation for new and existing corporate clients – which include CDD (Customer Due Diligence), EDD, and AML Screening of Beneficial owners, connected parties, PEP and Sanction checks.
• Conducting and Performing 4 eye checks on KYC documents/records and providing approvals.
• Well-versed with complex structure charts and documentation.
Investigating the Case requests, by researching the public domain to source and collect the documentation, required to complete KYC / On boarding request.

UBS KYC Periodic Reviews Process - Investment Banking UBS Client for all regions

• KYC documentation for the existing relationships with the bank in the past years while coordinating with the clients from all the regions.
• KYC Periodic Reviews profiles on a wide range of entity types (Trusts, LLC's, Partnerships, Corporations, SPV)
• Performing the 4I check for the KYC files prepared and referring for the missing information and corrections, if required
• Sending the Emails to the BS/Client on behalf of the team for the missing/additional information
• Sourcing the GMS and CSS documents from the approved sources
• Drilling down Ownership structures of entities according to the risk
• Conducting extensive research on our clients using various external and approved sources available such as, Bankers Almanac, D&B, Data sources, Company registries and exchange houses to confirm client’s existence and collection of KYC details such as Nature of Business, Unique/Tax ID, Ownership structure etc., α
• Client/BS out reach for additional & missing information/documents like, LOA, Director’s list, Authorized Signatories etc., to ensure timely and accurate completion of KYC Periodic reviews
• Identifying Politically Exposed Persons (PEPs), Sanctioned Individuals/Entities, Fraudsters and Money Launderers and mitigate the risks associated with the financial crimes
• Conducting Enhanced Due Diligence (EDD) on prospective and existing clients and performing background checks through COSIMA and GRID for both the entities and connected parties to identify the issues presenting to potential legal, regulatory, sanctions or reputational risk
• Review and escalate positive matches for negative news alerts (Regulatory Data Corporation (RDC), World check or suspicious activity to the Compliance / Financial Crime Department α
• Escalating to RHOB/Fin-Crime, wherever true hits or possible true hits are found either on Entities or on CPs and taking relevant sign off, to proceed with the further review
• Conducting due diligence using internal customer screening databases and third party applications like GRID/RDC, Lexis-Nexis, and Google etc
• Performing periodic review for all types of entities i.e., Limited Partnerships, Limited Liability Company, Trust, Foundation, Special Purpose Vehicle
• Changing Risk categorization of the client’s basis adverse findings or vulnerable business etc
• Embedding AML/KYC policies into Name screening periodic reviews
• Ensuring Sanctions, PEP and Adverse Media / Negative News screenings performed in accordance within regulatory procedures
• Responsible for reporting suspicious activity reports, which may also include recommending the Global Financial Crime Compliance (GFCC) to exit relationship with the client
• Identifying Day-to-day controllers, Authorized signatories, relevant beneficial owners, shareholders, ultimate controllers of the client and perform background checks on them.
• Self-motivated, with a strong sense of personal responsibility.
• Worked effectively in fast-paced environments.
• Proven ability to learn quickly and adapt to new situations.

Transfer Agency - Onboarding to Off-boarding of Clients
• Opening accounts on the request of Shareholders, Corporate Investors and Financial Advisors in accordance with US regulations.
• Checking the KYC documents received from the clients for account opening and requesting missing information.
• Performing Good order review for Client KYC documents and Onboarding forms.
• Escalating Pending/Overdue cases for annual KYC review.
• Scrutinizing the KYC of Individuals, LLC, LP, Limited, Financial Institutes, Trusts and Corporate entities.
• Performed 4i checks for Onboarding KYC requests and existing clients when necessary, according to compliance guidelines.
• Well versed with different client documents like LLC, LP, Limited, Trust, Estates, SPV’s, etc.,
• Placing stop codes as per Compliance team and financial advisors by contacting with AML, Tax Reporting and Legal Transfers Teams as per US TA policies, procedures and US governing regulations.
• Part of pilot process training and successfully transitioned the new process and set-up from On-shore team.
• Trained and supported new team members, maintaining culture of collaboration.
• Mentored junior associates, fostering professional growth and helping them reach their full potential.
• Collaborated with cross-functional teams to drive successful completion of complex requests within deadlines.