Summary
Overview
Work History
Education
Skills
Accomplishments
Hobbies and Interests
Timeline
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Vinayak Pillai

Vinayak Pillai

Mumbai

Summary

Capable Senior banking analyst experienced working in challenging environments within the banking industry with a total of 10+ years of experience with a motive to achieve opportunity to take next career step within the global industry as a Dependable employee.Seeking opportunity to expand skills and contribute to company success's . As employee always Motivated, Quick learner, Positive approach, Team player, eager to improvise Knowledge and Experience in industry

Overview

11
11
years of professional experience

Work History

Senior KYC Analyst- QUALITY REVIEWER

CITI BANK
MUMBAI
08.2022 - Current
  • Approving the transactions as a checker, based on the guidelines and KYC policy and regulations
  • Partner with client/relationship managers and compliance teams to assist and maintain the profile of corporate clients from the initiation of required documents to the approval of records in the banking system, as per the regulations and statutes governing money laundering and terrorist financing, with correct documentation.
  • To create and maintain KYC profile of client as per the information sourced through internal and external firm-based website, regulatory websites, etc.
  • Record and report the progress of the profile to lead/relationship manager and client.
  • Closely work with the stakeholder to ensure a smooth banking experience for clients in maintaining the KYC profile
  • Examine the document and update customer profiles using internal CITI-KYC tools, as per the standards and laws of the country specific to the client.
  • Performed ongoing monitoring of clients' accounts for suspicious activity or changes in risk profile.
  • Escalate alerts to maintain compliance with applicable requirements, and conduct additional screening of escalated matches from third-party vendors.
  • Provided guidance on regulatory changes to the client, as per the local regulations, and requested the documents to update the client's profile on a periodic basis. Maintained the client profile based on the received documents relevant to laws, regulations, and best practices in compliance management, as per banking standards.
  • Reviewed corporate policies on a regular basis to keep the client profile up to date.
  • Created training materials to educate new employees and maintained up-to-date knowledge of products and regulatory changes of KYC
  • Built strong collaborative partnerships across business units and stakeholders
  • Managed relationships with legal counsel, consultants, and other third-party vendors involved in organization's compliance activities
  • Prepared and submitted required reports to leads/management agencies
  • Communicated effectively with clients via phone, email, or zoom meetings as needed
  • Recommended enhancements to current KYC processes based on industry best practices and supported management in implementing process improvements aimed at increasing efficiency
  • Provided training to new team members on relevant KYC topics and best practices and maintained updated knowledge of anti-money laundering AML and KYC regulations.

Team Leader- (QUALITY REVIEWER)

JP MORGAN CHASE
Mumbai
07.2017 - 08.2022
  • Analysis of transaction based on the country sanctions guidelines
  • Approving the transactions as a checker based on the guidelines
  • Recommending the transaction for approval/decline to the legal and local sanction team
  • Coordinating with the operation team/sales team for the required detail to clear the transaction
  • Documenting the data of escalated transaction in TTRAC
  • Preparing the reject /block report for submitting the same to OFAC office
  • Analyzing and preparing the TTRAC report for the internal reporting
  • Preparing the management reports for review and analysis
  • Worked as Quality Assurance checker for trade finance products based on sanction imposed by OFAC and AML policies
  • Analyzed transaction based on the SOP to track any sanction guideline missed by the operator
  • Reviewed documentation to prevent fraud, money laundering, and identity criticality
  • Documented and reported all findings in excel to the management
  • Prepared management reports, scorecard on department activities and findings
  • Published the final scorecard to the management on timely basis
  • Assessed compliance with banking laws and reported suspicious entries and actions
  • Supported development of procedural improvements to maximize effectiveness.

Team leader - Operations

SALAAM BOMBAY FOUNDATION
Mumbai
06.2016 - 06.2017
  • Maintained reports of all the activities
  • Analyzed the impact of certain project on a timely basis
  • Controlled budget monetary flow and accounts.

Team member

JP MORGAN CHASE
MUMBAI
08.2013 - 08.2015
  • Handled advice and settlement of Collection Documents including DA/DP as per URC 522
  • Processed payments for all Exports, Imports and Local transactions
  • Creation of swift messages for payments (MT103, MT202)
  • Worked on Export Import bills, regularization of bills, liquidation of bills through Foreign Inward Remittance Certificate (FIRC)
  • Liaised with all the stakeholders and the Client Services for resolution of queries by coordinating with branch and ensuring seamless processing of transactions from end to end.

Education

Master of Finance - Finance

Mumbai Education Society
Mumbai
05-2022

Bachelor of Commerce - commerce -

D.G. Ruparel College
mumbai
05.2013

Higher Secondary School - commerce -

Chetana College
mumabi
01.2010

Skills

  • Training and mentoring
  • Customer Due Diligence
  • Decision-making Confidence
  • Sanctions Screening Proficiency
  • Team Leadership Qualities
  • Adaptability and Flexibility
  • Teamwork and Collaboration
  • Excellent Communication
  • Goal Setting

Accomplishments

  • Awarded the best performer for the year 2022-2023 on productivity as analyst
  • Awarded the sportsperson of the year (Cricket) for 2022-2023
  • Awarded Zing Star of the Month in Jan 2015, Feb 2015 & MAY 2015 in for setting high benchmark of monthly transaction
  • Highest receiver of P2P awards in 2020,2021
  • Lead the team for clearing a back log of documentary collection document under the deadline of RBI within the limited period of time
  • Lead the team in process enhancement and training the global staff
  • Part of JPMC Corporate Cricket Team in the last 7 years.

Hobbies and Interests

  • Fitness Maniac
  • Listening to music
  • Making new friends
  • Socializing
  • Reading news article

Timeline

Senior KYC Analyst- QUALITY REVIEWER

CITI BANK
08.2022 - Current

Team Leader- (QUALITY REVIEWER)

JP MORGAN CHASE
07.2017 - 08.2022

Team leader - Operations

SALAAM BOMBAY FOUNDATION
06.2016 - 06.2017

Team member

JP MORGAN CHASE
08.2013 - 08.2015

Master of Finance - Finance

Mumbai Education Society

Bachelor of Commerce - commerce -

D.G. Ruparel College

Higher Secondary School - commerce -

Chetana College

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