Subham Singh
Mumbai
Summary
Dynamic Client Onboarding Specialist with proven expertise in AML/KYC processes at UBS. Recognized for driving compliance efficiency and enhancing team performance through innovative solutions. Skilled in risk assessment and critical thinking, I excel in fast-paced environments, consistently delivering high-quality results while fostering collaboration and leadership within cross-functional teams.
Overview
5
5
years of professional experience
1
1
Certification
Work History
Client Onboarding Specialist
Union Bank of Switzerland
02.2023 - Current
- Company Overview: Wealth management
- Conducted comprehensive end-to-end Know Your Customer (KYC) processes for both new and existing clients, ensuring strict adherence to regulatory compliance standards
- Ensured regulatory compliance (FATCA, FINCEN) and managed sensitive client and tax documents
- Verified Beneficiary Ownership Forms and interpreted and applied anti-money laundering legislation for identification purposes
- Facilitated the prompt investigation of all internal suspicious activity reports received
- Performed thorough client screenings utilizing tools such as COSIMA and LexisNexis, effectively identifying potential risks and ensuring compliance with Anti-Money Laundering (AML) regulations
- Managed KYC processes for diverse client types, including business accounts, trusts, estates, and individual clients, demonstrating adaptability and comprehensive knowledge of various client structures
- End to end KYC for the existing relationships with the bank in the past years while coordinating with the client related to United States
- Understanding the ownership, according to the nature of the client EX: Trust, Nominee
- Conducting KYC analysis for low/medium/high risk clients from Global minimum standards
- Checking if clients based outside US follows equal rules and regulations which US regulators
- Providing escalation summary for the compliance team in short narration by Giving the inputs according for the type of news received
- Verification of risk identified during the KYC process (investment bank-corporate and individual clients)
- Served as a Subject Matter Expert (SME) and acted as Team Lead for a group of 10 analysts, overseeing case assignments, monitoring progress, and ensuring timely completion of KYC reviews
- Developed and delivered training programs for new team members, enhancing team competency and ensuring consistent application of KYC procedures
- Collaborated with cross-functional teams to streamline onboarding processes, reducing processing time and improving client satisfaction
- Maintained up-to-date knowledge of evolving regulatory requirements and implemented necessary adjustments to internal processes, ensuring ongoing compliance
- Utilized strong organizational skills to manage multiple priorities and deadlines, consistently achieving performance targets and contributing to team success
- Escalated any red flags and potential risks to the escalation team
- Performed risk assessment of complex financial crime cases such as money laundering and terrorist financing
- Wealth management
Bus Process Delivery Associate
Accenture India / Bank of America
01.2021 - 02.2023
- Company Overview: KYC Process
- To perform basic and enhanced due diligence KYC screening on new & existing customers depending upon risk factors involved in case
- Perform Public Due Diligence to gather maximum information for entity before proceeding case in internal system, Information like- Registry Details, Annual Reports, Bloomberg Information, Orbis Report, Avox Report, Sanction Questionnaire, Issuance of Bearer Share details, Listing Proofs, Sec Edgar, Sec IAPD, LLC Agreements, Articles of Incorporation, Partnership Deed etc
- Identifying the Ultimate Beneficial owners (UBO's) and Other Beneficial Ownership (OBO's) for Entities
- Reaching out to Outreach Team for the missing information like Sanction Questionnaire, Tax Form, Ownership, Nature of Business also for clarification on any contradictory information
- Process the case in Bank of America’s application basis on research and availability in internal repository and chase to Outreach team for any pending response or confirmation to move ahead
- Perform screening (RDC, Lexis Nexis, Fircosoft) on entity and other parties like UBO/IBO’s (within threshold), LR’s
- Discount the hits if identified basis on internal research and for PEP, Sanctions hits reach to Outreach for valid rationale
- Reach out to Inline M&I consultation if material hits identified and once approved upload final documents to system and move case to final stage for business approval
- End to end KYC for the existing relationships with the bank in the past years while coordinating with the client related to United States
- Understanding the ownership, according to the nature of the client EX: Trust, Nominee
- Conducting KYC analysis for low/medium/high risk clients from Global minimum standards
- Checking if clients based outside US follows equal rules and regulations which US regulators
- Providing escalation summary for the compliance team in short narration by Giving the inputs according for the type of news received
- Verification of risk identified during the KYC process (investment bank-corporate and individual clients)
- Identification of potential red flags and escalating to relevant regional financial crime units
- Perform sanctions searches and further analyst, quality control of escalations and data collected by analyst
- KYC Process
- Appreciated from client for contribution of automation idea for adding functionality on system which is saving time of people for processing cases also helping team for generating more production
- Awarded as a best performer in Bank Of America town hall
Transaction Monitoring Analyst
Accenture India
11.2019 - 01.2021
- Company Overview: Payment Compliance / Transaction Monitoring Analyst - Paycom Facebook Process (WhatsApp Payments)
- Performing AML functions such as customer name & Transaction screening by applying critical thinking to interpret data and documentation to determine whether it adequately meets the policy and regulatory requirements, including documenting the rationale behind the decisions
- Ensure the highest standard of quality is adhered within team and at the same time drive process efficiency with outstanding practices
- Maintain a close interaction with team in area of AML / Compliance and able to resolve any query / issues faced by the team
- Responsible for preparing and reporting out team’s productivity on daily basis
- Interacting with the Stakeholders on weekly basis to discuss ideas on process improvement and implementation of same
- Reviewing / auditing cases and sending the feedback emails
- Training to new joiners in the project and conducting refresher test for the team
- Performing sanction screening and WhatsApp screening for social media
- Part of sanction screening team, where we reviewed sanctioned list to check if any fund is involved in financing crime or terrorism, so that we can take appropriate action
- Trained and worked on Due Diligence and Transaction Monitoring
- Monitoring the transactions of the client against suspicious activities
- Analysing alerts and investigating transactional activities to detect any suspicious money laundering or terrorist financing activities
- Platform: Trained and worked in multiple queues and multiple levels
- Played a role as a Mentor (worked with the management for process improvement)
- Checking and providing approval of work conducted by junior team members
- Ensuring the Production, Quality and Compliance parameters are achieved and maintained
- Responsible to maintain productivity tracker
- Responsible for allocating cases and team member queries
- Payment Compliance / Transaction Monitoring Analyst - Paycom Facebook Process (WhatsApp Payments)
- Milestone Performer Award, UBS
- Recognized for exceptional performance in delivering high-quality results and maintaining high productivity standards
- Awarded for consistently meeting and exceeding targets, contributing significantly to team success
- Best Game Changer Award, Accenture
- Awarded for outstanding performance, innovation, and driving positive change within the team
- Promoted to Quality Analyst due to the demonstrated leadership and high-impact contributions
Education
B.Com - A & F
Manjunath College of Commerce
01-2018
12th -
Maharashtra State Board
01-2013
10th -
Maharashtra State Board
01-2013
Skills
- MS Application
- AML/KYC
- Transaction monitoring
- Sanction screening
- Financial Compliance
- Process
- Risk & compliance Management
Certification
- Observation
- Decision making
- Critical thinking
- Communication
- Driven to learn
- Apply new ideas
- Multi-tasking
- Fast Learner
- Leadership
- Teamwork
- Operation Management
- Quality Assurance
- Time Management
- Ability to work under pressure
Languages
- English
- Hindi
- Marathi
Hobbies and Interests
- Playing Cricket
- Listening Songs
Personal Information
- Date of Birth: 06/06/96
- Gender: Male
- Nationality: Indian
- Marital Status: Unmarried
Disclaration
I hereby declare that all the statements made in the above information are correct to the best of my knowledge & belief.
Date :
Place:
Timeline
Client Onboarding Specialist
Union Bank of Switzerland
02.2023 - Current
Bus Process Delivery Associate
Accenture India / Bank of America
01.2021 - 02.2023
Transaction Monitoring Analyst
Accenture India
11.2019 - 01.2021
B.Com - A & F
Manjunath College of Commerce
12th -
Maharashtra State Board
10th -
Maharashtra State Board
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