Sourav Sarkar

Working for new account onboarding for Global wealth management segment of UBS AG

• Conducted sanction, name, and media screening for new clients during onboarding to ensure compliance and mitigate risks.
• Analyze the financial plausibility and source of wealth to commensurate with the financials held in the client profile.
• Communicate with the financial advisors for any source of income not listed in the client profile and that can be identified through external searches to conduct proper due diligence.
• Assessed screening results to evaluate relevance and risk level of potential matches, escalating high-risk cases to stakeholders for further action.
• Collaborated with cross-functional teams, including compliance, risk management, and legal departments, to resolve screening-related issues.
• Investigated and resolved false positives through additional research and analysis to verify customer identities and evaluate risk factors.

Worked in Global Transaction Banking (GTB) for Periodic Review, Event driven review and Managed exit of Indian and International
clients and liaising the Global KYC Policy with the Regional KYC policy

• Performing End-to-End KYC Periodic review, Ad hoc request for event driven review due to change in risk rating and managed exit for existing client to bank.
• Conducting Initial Due Diligence for the Periodic Review and finalizing
  outreach requirements in timely manner.
• Coordination with the internals partners such as Relationship Manager and
  Global Relationship Manager to complete periodic review on timely basis
  and also communicating with the client during initial outreach to obtain
  required information.
• Reviewing of all documents at initial level in order to make sure that they
  are in compliance with RBI and global guidelines and updating the same in
  the Bank’s KYC tool (DBCLM).
• Conducted screenings to identify politically exposed persons (PEP), sanctioned individuals, and adverse information, supporting compliance efforts.
• Experienced in using tools like- Lexis Nexis, Fircosoft, DBCLM (Internal KYC
  tool for Customer Due Diligence).
• Reporting and validating the KYC information in C-KYC Portal as per RBI
  guidelines and uploading the CKYC document into bank KYC tool.
• Ensure that there are no critical audit points left unresolved as a result of Regulatory or
  Internal Audits. Coordinate with the QC team to close any open points with proper justification.

Worked in Client Lifecycle Management Operations for clients in U.S. and LATAM region of BNP Paribas SA

• Perform necessary checks to identify politically exposed persons, sanctions and Adverse
  Information on individuals/ entities and mitigate risks associated with Financial
  crimes, money laundering and Terrorist financing.
• Conduct investigation on suspicious findings and mitigate or inform the financial crime
  compliance specialist about the same.
• Perform User Acceptance testing for new processes or changes in applications from BAU
  perspective.
• Training and conducting SME session for the new joiners & refresher training for the
  existing team members whenever required on the basis of the updated Bank’s AML policy.
• Handling of group email box by allocating existent and new request among team members
  according to their criticality and preparing EOD data.
• Knowledge of applications used for screening- Dow Jones Factiva Risk and Compliance,
  Vigilance & PRIME (Internal KYC tools).
• Contributed to overnight screening project focused on identifying politically exposed persons for compliance purposes.
• Mitigate non-material hits and communicate necessary negative news to the compliance
  team for further escalation.

Worked in client lifecycle management for an Australian multinational investment bank

• Identification of client in accordance with the Customer Identification Procedure (CIP)
  and taking into consideration the Product relationship, sales location and Industry.
• Determine the type of due diligence based on previous risk rating or changes in scope of
  business.
• Collect and satisfy the requirements as per Customer Identification Procedure (CIP) of
  jurisdiction such as U.S. and U.K. region for AML requirements.
• Performing Sanction, Negative Media and PEP screening of client relationship as per
  guidelines and Key Operation procedures by using screening tools such as World Check,
  Accuity and Factiva (Dow Jones).
• Collect and verify alerts generated by screening tools and investigate and analyze output
  to identify matches and adverse media alerts that require escalation to the line of business
  (Lead KYC Officers & Compliance).
• Accurately document alert disposing for non-material hits and prepare a summary of
  relevant findings and hits and communicate these to Lead KYC Officers and FCC specialist.
• Close collaboration with Lead KYC Officers and FCC to gain specific market and client
  knowledge to support the decision-making process around relevance of alerts.
• Review existing PEP due diligence on client relationships and perform relevant searches
  to establish new PEP hits and complete PEP due diligence templates for further escalation