Swapnil Kandalgaonkar
Mumbai
Summary
Highly-motivated employee with desire to take on new challenges. Strong work ethic, adaptability, and exceptional interpersonal skills. Adept at working effectively unsupervised and quickly mastering new skills. Focused Compliance Officer bringing 5+ years of expertise in regulatory compliance, audit procedures, project oversight and risk management. Excellent history of delivering effective leadership and training to support staff development. Driven and strategic with an aptitude for program management. Advanced knowledge of audit methodologies, functions and compliance teams.
Overview
12
12
years of professional experience
1
1
Certification
Work History
Compliance Officer
SVC Bank Limited
11.2018 - Current
- To ensure the team is aligned with all legal and regulatory requirements supporting the team on various projects and initiatives
- Perform and review various data management activities critical to the effective functioning of the compliance monitoring system
- Assist in completing information requests by RBI, Internal, external audit and Audit, management committees and other functions
- Adhere to all designated timeframes and procedure to ensure on time and accurate completion of work
- Adhere to and comply with all applicable Reserve bank of India, regulations and guidelines, including those related to Anti-Money, as well as adhering to company Policies, Procedures and Regulatory Returns
- Verify the identity of correspondent Banks to understand the nature and purpose of their relationship with the financial institution for the purposes of performing Know your Customer (KYC) Procedures.(Wolfsburg, USA PATRIOTIC ACT, W8BENE, Etc.) Maintain positive regulatory relationships Identify, communicate, and ensure compliance with all regulatory reporting requirements
- Update and maintain policies and procedures in all assigned areas and compile Compliance Department policies and procedures
- Provide daily, weekly, monthly and quarterly reporting, including Regulatory requirement and ensure that all required regulatory reporting including are submitted on or before the prescribed timeline
- Produce complete and thorough investigative reports to leadership through analysis and review of Swift RMA data
- Coordinate and/or prepare required management information reporting data to Senior Management, Board of Directors and/or Regulator, as applicable
- Attend all Mandatory and regulatory reporting related training to attain insight compliance requirements
- Understand the end-to-end processes of the areas that are under coverage and highlight possible compliance related concerns and assist the teams to mitigate these concerns.
Clerk
Apna Sahakari Bank Limited
03.2016 - 11.2018
- Provide exceptional service to all customers
- Process credit loan applications and use product knowledge to present loan solutions to current and potential customers
- Maintain office cash with accuracy and proper security
- Grow account volume through good judgment and effective customer solicitations in the branch and by telephone
- Minimize delinquent debt through calling customers and collecting on past-due accounts
- Receive, track, and post all payments and fees to customer accounts in compliance with Company Policy
- Transport money and deposits to and from bank
- Other duties as assigned by leadership.
Executive
Mahindra Finance Limited
01.2012 - 05.2016
- Financial risk analysis identifying and analysing the areas of potential risk threatening the assets, earning capacity and success of organizations in financial sector of Car, CV, personal and gold loan
- Responsibility of forecasting risk to the organization and predicting change and future trends thru various report on critical areas – IRR, NPA, Non Starter, Business Done, RC Updation and Post Disbursement Analysis and CAM analysis
- Tested & Trained users at Regional Offices & Branches (Delhi, Hissar, Dehradun, and Meerut) on ACH module which was developed to replace ECS and Direct Debit for customer daily EMI deduction
- Handling CIBIL and related issues & queries
- Handling creditability of the customer for the loan approval at regional level
- Handling Bank Reconciliation and monthly Branch activities
- Prepare daily & monthly reports and MIS (of about 35 lac excel data) for company management about PAN India branches performance and highlighting risky areas.
Education
Post-Graduation Diploma in Finance -
Welingkar Institute of Management
01.2015
B.Com -
Maharishi Dayanand College of Arts Science Commerce
01.2011
Skills
- Excellent analytical and research skills
- Ability to work in a time sensitive, team-oriented environment
- Accuracy and high attention to detail
- Strong written and oral communication skills
- Good organizational skills
- Understanding of financial instruments data
- Proven understanding of Microsoft Office Suite, Excel, Word and Access
- Risk Management
- Internal Controls
- Regulations Enforcement
Certification
- MSCIT secured 80%
- National Institute Of Security Market certification secured 62% (Year 2020)
- Anti-Money Laundering And Know Your Customer (Year 2024)
Hobbies and Interests
- Music
- Movies
- Documentaries
- Reading
Languages
Marathi
First Language
English
Advanced (C1)
C1
Hindi
Advanced (C1)
C1
Timeline
Compliance Officer
SVC Bank Limited
11.2018 - Current
Clerk
Apna Sahakari Bank Limited
03.2016 - 11.2018
Executive
Mahindra Finance Limited
01.2012 - 05.2016
Post-Graduation Diploma in Finance -
Welingkar Institute of Management
B.Com -
Maharishi Dayanand College of Arts Science Commerce