Soumya Sarkar
Financial Crime Professional
Kolkata,India
Summary
CAREER SUMMARY Accomplished Banking Operations, Credit Operations, and Compliance professional with 18+ years of versatile experience and knowledge by virtue of exposure and expertise honed by working across different verticals and association with top Pvt. Sector banks and Global Professional services Flair to solve complex process, data, and regulatory problems by bringing people together and exploring innovative opportunities Adept at applying KYC guidelines to prevent funds from being used for fraudulent purposes Specialize in efficiently working with internal and external auditors during any investigation as warranted Championed a Process Transition from initiation to execution within 15 days Spearhead an automation initiative which led to 1FTE worth of cost reduction in P&L (~₹1.2LPA) Content design and session delivery on KYC / AML / CDD processes and recent regulatory updates
Overview
27
27
years of professional experience
8
8
Certifications
3
3
Languages
Work History
MANAGER
DIVISION
12.2021 - Current
- Oversee Gold Loan Operations, Compliance by carrying out mandatory due diligence & KYC of clients together with assessing CIBIL score for LTV
- Providing specialist KYC expertise centrally liaising with clients and cross functional teams (FIU, Compliance, MLRO, Concurrent Audit team, External Auditors et
- Al) as deemed necessary
- Minimize losses and maximize recoveries by examining Gold Loan portfolio (Cases with DPD>90 days) through proper auctioning post valuation by registered agents
- Provide oversight and assurance with respect to Line Management compliance as per BCM policies, processes, and tools
- Provide support to staff on problem resolution for arrears and distressed loans
- Responsible for setting and developing compliance related training plan for the section
HDFC BANK, EASTERN REGION
KOLKATA
04.2015 - Current
DEPUTY MANAGER
04.2015 - 11.2021
- Authorized the AML and demographics of the customers updated by the team for data accuracy
- Spearheaded operations with limited supervision for 2.5 months during COVID-19 period with a team of 2 &zero impact on TAT
- Championed compliance with the rules and regulations of RBI and is a part of UAT conduct
- Ensured proper customer profiling, compliance with regulatory policies in bank guidelines and is an SME to senior management/team
- Led the end-to-end banking operations management from client on boarding, KYC remediation to post account on boarding
- Liaised and partnered/facilitated with RMs of HNI clients to provide support with minimum turnaround time (TAT)
- Lead the FD instructions Automation project by liaising with Technology/systems team which resulted in credit of interest in a STP process at EOD and a reduction in TAT
- Leveraged excellent stakeholder management skills to work with internal and external stakeholders and maintain healthy coordination between various branches for operational efficiency
- Designed training materials to share subject matter expertise in KYC AML processes and recent regulatory updates
- Created and analysed MIS/system reports based on Month-on-Month volume trends to drive decision making
- Spearheaded capacity negotiation, problem solving and data analysis and played an active role in resource optimization
- Expanded the team by conducting preliminary rounds for interviews to determine candidate fit for team
- Working knowledge of KYC procedures, tools used and data
- Delivered smooth end-to-end process for every case sourced by the team and acted as primary escalation point
- Resolved objections during the KYC review to implement necessary changes in client data and escalated if required
- Intermediate knowledge of Microsoft Office Suite viz
- Excel and Access
- Exercise an analytical, Influencing, flexible and team-oriented approach.
ASSISTANT MANAGER TREASURY FINANCE ANALYST
GENPACT INDIA LTD
KOLKATA
05.2011 - 03.2015
- Developed, planned and co-ordinated with Maintenance, Engineering Services and Materials for modifications, inspections and repair on QR fleet and ensured availability of resources, equipment, downtime & documentation
- Championed corporate controllership initiatives like maintenance of signature cards, templates for the department
- Leveraged knowledge of products to sell new forward and spot contracts as per the business directive
- Issued counter party confirmations in Treasury domestic & FOREX transactions
- Maintained, updated and managed the administration of various bank accounts in Vault Database
SENIOR EXECUTIVE, INTEGRATED OPERATIONS
CITI BANK INDIA, BHUVANESHWAR
01.2008 - 05.2011
- Issued Inter branch guarantees in minimum TAT and received client appreciation for the same
- Played a key role in LC Advising, migration of a process from US to India and resolving customer queries
- Worked in Inward and Outward Clearing, Cheque Truncation, ECS, NEFT, RTGS etc
- On Flex cube Platform
- Reported RBI balance to the Treasury Department and coordinated with the regulator.
SENIOR EXECUTIVE
CITI BANK INDIA, HYDERBAD
01.2006 - 12.2007
PROCESSING EXECUTIVE, ELECTRONIC FUNDS TRANSFER
HSBC EDPI
HYDERABAD
07.2003 - 12.2005
Education
Digital marketing- Google digital garage -
ESG Certification:2022 Bloomberg essentials, forms of business structure, fundamentals of credit-corporate finance - undefined
CAMI - undefined
Ponsun AML Academy
CAIIB - undefined
Indian Institute of Banking and Finance
PGDBA - Finance
Symbiosis Centre for distance Learning
B.Sc. - undefined
Vidyasagar University
Skills
Banking OperationsOperations ManagementClient Relationship ManagementKnow Your CustomerAnti-Money LaunderingAudit and ComplianceBuilding teamsSituational leadershipLiquidity reportingClient on-boardingCapacity planning & negotiationStakeholder managementClient Due DiligenceData AnalysisProcess TransitionUATGlobal and Regional OperationsProblem solving skillsRisk assessment & managementImplementing Business proceduresMaintaining quality standardsEnhanced Due DiligenceTechnology Platforms
Certification
ACAMS – Ending illegal wildlife trade : 2021
Additional Information
- AWARDS , Awarded for proactively completing a KYC project well before deadlines in 2021. Received customer appreciation for timely making and delivering a bank guarantee within a very short notice. - 2021 Silver Star Award for Sep-Dec 2021, August 2020 in HDFC Bank. Received the HEART Award for Successful Migration of the branch premises. -2007 Pivotal in reducing manual cheque posting considerably by vigorous maintenance on system, which resulted in smooth suspense A/C reconciliation. - 2006 An active member of the PAPS team at HSBC EDPI which won 2 awards for the third quarter in 2004. Won the ROLL OF HONOUR award in September 2005.
Timeline
MANAGER
DIVISION
12.2021 - Current
HDFC BANK, EASTERN REGION
04.2015 - Current
DEPUTY MANAGER
04.2015 - 11.2021
ASSISTANT MANAGER TREASURY FINANCE ANALYST
GENPACT INDIA LTD
05.2011 - 03.2015
SENIOR EXECUTIVE, INTEGRATED OPERATIONS
CITI BANK INDIA, BHUVANESHWAR
01.2008 - 05.2011
SENIOR EXECUTIVE
CITI BANK INDIA, HYDERBAD
01.2006 - 12.2007
PROCESSING EXECUTIVE, ELECTRONIC FUNDS TRANSFER
HSBC EDPI
07.2003 - 12.2005
Digital marketing- Google digital garage -
ESG Certification:2022 Bloomberg essentials, forms of business structure, fundamentals of credit-corporate finance - undefined
CAMI - undefined
Ponsun AML Academy
CAIIB - undefined
Indian Institute of Banking and Finance
PGDBA - Finance
Symbiosis Centre for distance Learning
B.Sc. - undefined
Vidyasagar University