Sunil Rangnath Bawaskar
Pune
Summary
Results-driven Business Analyst & KYC Specialist with 12+ years of expertise in regulatory compliance, process optimization, and risk management within the banking sector. Skilled in KYC process management, AML monitoring, and customer due diligence (CDD) to ensure adherence to RBI and regulatory guidelines. Strong background in requirement gathering, gap analysis, system testing (UAT), and automation initiatives to streamline banking operations. Proven ability to collaborate with compliance, risk, and IT teams to drive process improvements and digital transformation. Proficient in Finacle, CMCP, and banking systems to enhance customer experience and operational efficiency.
Overview
17
17
years of professional experience
Work History
Associate
DBS Bank India Ltd
01.2019 - Current
- Conducted gap analysis to identify inefficiencies, implementing process improvements to reduce operational bottlenecks
- Managed automation initiatives, working with technology & data analytics teams to enhance workflows.
- Led UAT planning & execution, ensuring seamless deployment of business solutions with QA and development teams
- Recommended process improvements for product feature enhancements based on domain expertise
- Managed project timelines, risk assessments, and stakeholder expectations using Agile (Scrum) and Waterfall methodologies
- Led a centralized operations team for account opening and servicing (CASA, NRE accounts), optimizing workflows and improving turnaround time (TAT)
- Spearheaded automation projects, reducing manual processing, enhancing operational efficiency, and improving FTNR & MIS branch scores
- Handled GL reconciliation, transaction monitoring (RTGS/NEFT), and funds transfers, ensuring accuracy and risk mitigation
- Conducted risk assessments, documentation reviews, and audit follow-ups, enhancing compliance & risk mitigation
- Analyzed customer data to identify trends and anticipate customer needs.
Assistant Manager
Ujjivan Small Finance Bank Ltd
01.2018 - 01.2019
- Managed liabilities operations, ensuring full compliance with company policies and regulatory standards
- Led end-to-end account opening operations, ensuring AML/KYC compliance per RBI and statutory guidelines
- Acted as a functional analyst during User Acceptance Testing (UAT), validating data integrity and system workflows
- Conducted GL reconciliation and transaction monitoring for RTGS/NEFT payments and fund transfers
- Led mystery shopping and internal audits, identifying control deficiencies and reporting to senior leadership
- Managed AML alerts and RCU negative case closures, strengthening risk mitigation and compliance
- Oversaw Operational Risk (OR) assessments, ensuring audit compliance and timely resolution of findings
Deputy Manager
Kotak Mahindra Bank Ltd
01.2017 - 01.2018
- Managed branch operations, ensuring compliance with KYC regulations, audit standards, and customer service policies
- Oversaw daily customer transactions, ensuring accuracy and adherence to banking policies
- Implemented quality control measures, identifying and rectifying operational inefficiencies, improving audit ratings
- Ensured regulatory compliance for Cash Transaction Reports (CTR) and Suspicious Transaction Reports (STR)
Assistant Manager
HDFC Bank Ltd
01.2013 - 01.2017
- Managed daily banking transactions, ensuring seamless customer service and regulatory compliance
- Drove business growth by converting leads for insurance and mutual funds (MFs), contributing to revenue generation
- Oversaw ATM operations, including loading, replenishment, and cash management, ensuring uninterrupted service
- Managed international & domestic remittances, ensuring accuracy and compliance
- Processed foreign currency transactions, ensuring strict adherence to forex regulations
Executive
Nucsoft Ltd (Bank of India - Finacle Support)
01.2008 - 01.2009
- Provided technical support to Bank of India bankers on Finacle Core Banking System, ensuring seamless system functionality
- Maintained regulatory records and documentation, ensuring strict compliance
- Managed branch operations, including account opening, transaction processing, and customer service
Education
MBA - Finance
Sinhgad College of Management
Pune06.2013
Bachelor of Commerce -
CHM College of Commerce
Mumbai06.2008
Skills
- KYC Process Management
- AML Compliance Knowledge
- Customer Due Diligence
- Risk Evaluation
- Requirement Gathering
- Gap Analysis
- System Testing
- Stakeholder Coordination
- Process Documentation
- Core Banking Systems
- Process Automation
Accomplishments
- Reduced operational bottlenecks through process improvements & automation initiatives.
- Improved audit ratings by implementing quality control measures and compliance tracking.
- Enhanced FTNR & MIS branch scores by leading digital transformation projects.
Timeline
Associate
DBS Bank India Ltd
01.2019 - Current
Assistant Manager
Ujjivan Small Finance Bank Ltd
01.2018 - 01.2019
Deputy Manager
Kotak Mahindra Bank Ltd
01.2017 - 01.2018
Assistant Manager
HDFC Bank Ltd
01.2013 - 01.2017
Executive
Nucsoft Ltd (Bank of India - Finacle Support)
01.2008 - 01.2009
MBA - Finance
Sinhgad College of Management
Bachelor of Commerce -
CHM College of Commerce
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