Shasank Jain
Kolkata
Summary
Dynamic compliance professional with extensive experience at HDFC Bank, excelling in KYC compliance and AML investigations. Proven ability in risk assessment and enhanced due diligence, ensuring regulatory adherence. Recognized for meticulous documentation and reporting, coupled with strong problem-solving skills, driving operational excellence, and safeguarding the bank's reputation.
Overview
5
5
years of professional experience
2031
2031
years of post-secondary education
3
3
Certifications
Work History
Manager
HDFC Bank
06.2024 - Current
- Conduct comprehensive KYC due diligence and AML investigations to ensure compliance with regulatory requirements.
- Performed detailed screening of new and existing customers against sanctions lists, PEP (Politically Exposed Persons) lists, and adverse media.
- Managed the documentation and reporting of suspicious transactions in compliance with regulatory requirements.
- Review and analyze financial transactions for suspicious activities, preparing detailed reports for further investigation.
- Monitor and update AML and KYC policies and procedures to align with changes in regulations and industry best practices.
- EDD knowledge - The ability to screen for PEPs, sanctions, and adverse media.
- Identifies accurate risk ratings on individual and non-individual accounts to highlight high-risk jurisdictions, high-risk businesses, and Politically Exposed Persons (PEP), or their relatives or close associates.
- Conducts enhanced due diligence research in an attempt to find background information used in initiating, maintaining, or closing business relationships.
Deputy Manager
HDFC Bank
02.2022 - 05.2024
- One of the key responsibilities will be the coordination and collection of client-specific information, and the completion of documentation to assist in the onboarding of new clients.
- And another important responsibility will be performing ongoing customer due diligence, including maintenance and updating of AML and KYC records and information for existing clients.
- Perform periodic KYC reviews on a risk-based schedule.
- Complete KYC onboarding for new and pre-existing customers (KYC Refresh).
- Complete extensive due diligence investigations using public and private databases in accordance with Anti-Money Laundering (AML) and other regulatory standards to assist business units and prevent operational and reputational risks.
- Perform AML screening, CDD, and EDD reviews on prospects and new or existing customers in accordance with the bank's policies and procedures. Create risk acceptance documentation to support the raising or downgrading of high-risk customers for management approval. Provide support and guidance to the bank’s operational areas, and assist with the implementation of KYC-related programs for the bank.
Assistant Manager
YES BANK
12.2020 - 01.2022
- One of the key responsibilities will be the coordination and collection of client-specific information, and the completion of documentation to assist in the onboarding of new clients.
- And another important responsibility will be performing ongoing customer due diligence, including the maintenance and updating of AML and KYC records and information for existing clients.
- Perform periodic KYC reviews on a risk-based schedule.
- Complete KYC onboarding for new and pre-existing customers (KYC Refresh).
- Complete extensive due diligence investigations using public and private databases in accordance with Anti-Money Laundering (AML) and other regulatory standards to assist business units and prevent operational and reputational risks.
- Perform AML screening, CDD, and EDD reviews on prospects and new or existing customers in accordance with the Bank's policies and procedures.
- Create risk acceptance documentation to support the raising or downgrading of high-risk customers for management approval.
- Provide support and guidance to the bank’s operational areas, and assist with the implementation of KYC-related programs for the bank.
- Provide support and guidance to the bank’s operational areas, and assist with the implementation of KYC-related programs for the bank.
- EDD knowledge: the ability to screen for PEPs, sanctions, and adverse media.
- Identifies accurate risk ratings on individual and non-individual accounts to highlight high-risk jurisdictions, high-risk businesses, and Politically Exposed Persons (PEP), or their relatives, or close associates.
- Conducts enhanced due diligence research in an attempt to find background information used in initiating, maintaining, or closing business relationships.
Education
MBA - Finance
ICFAI University
Hyderabad, India04-2017
B.Com - Accounting & Finance
University of Calcutta
Kolkata, India 04.2001 - 03.2015
Skills
KYC compliance
Certification
NISM Investment Advisor - X A & B
Timeline
Manager
HDFC Bank
06.2024 - Current
Deputy Manager
HDFC Bank
02.2022 - 05.2024
Assistant Manager
YES BANK
12.2020 - 01.2022
B.Com - Accounting & Finance
University of Calcutta
04.2001 - 03.2015
MBA - Finance
ICFAI University
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