Yogesh Tayade
Bangalore
Summary
- Certified Anti-Money Laundering Specialist (CAMS), ACAMS - August 2024, with 8 years of experience in Business KYC and client onboarding. Currently working as Team Lead - KYC Client Ops Analyst at JP Morgan Chase & Co., Bangalore, supporting KYC operations for the APAC region.
- Skilled in conducting Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for high-risk clients, performing risk assessments, and ensuring compliance with AML, CIP, FATCA, and CRS regulations.
- Proven ability to lead KYC remediation projects, identify process improvements, and collaborate with crossfunctional teams to resolve escalations and streamline compliance processes.
Overview
8
8
years of professional experience
Work History
Team Lead - KYC Client ops Analyst
JP Morgan Chase & Co.
Bangalore
02.2023 - Current
- Perform end-to-end KYC processing and quality checks on various entities, including corporate clients, partnerships, trusts, foundations, and individuals, ensuring full compliance with AML, CIP, FATCA, and other regulatory standards
- Manage and prioritize KYC maintenance tasks, including comprehensive review of documentation, tax form processing (W-8BEN-E, W-8BEN, W-9, CRS), and ongoing updates to client KYC information
- Conduct CDD assessments for new and existing clients, evaluating risk levels and validating client information to mitigate potential fraud and money laundering risks
- Execute Enhanced Due Diligence (EDD) on high-risk clients, implementing additional scrutiny measures to ensure compliance with AML and CIP policies
- Conduct risk assessments during KYC processes to identify potential red flags and escalate high-risk clients for further investigation
- Collaborate with internal teams and front-office to gather and validate CDD information, ensuring accurate refreshing of client accounts in line with jurisdictional policies
- Review and validate all KYC documentation for accuracy and compliance with internal policies and regulatory requirements
- Maintain and create KYC records for clients in accordance with regulatory standards and audit requirements
- Conduct sanctions screening, PEP, and negative media searches, resolving false positives and escalating potential matches to the compliance team for further investigation
- Work closely with the Global Financial Crimes Compliance (GFCC) team to address issues or suspicious findings and obtain necessary approvals
- Participate in KYC remediation projects, focusing on identifying gaps in KYC records and implementing corrective actions to ensure compliance with regulatory requirements
- Engage with senior stakeholders to drive process improvements, enhance customer experience, and implement best practices in KYC processes
- Identify areas for improvement within KYC/CDD processes, propose recommendations, and implement procedural changes to mitigate operational and compliance risks
- Handle escalated KYC-related emails, providing timely resolutions for complex issues and ensuring adherence to KYC requirements
- Support User Acceptance Testing (UAT) for system enhancements related to KYC processes
- Train new team members on KYC processes to ensure adherence to compliance standards
- Prepare and present MIS and dashboard reports to track pending tasks, turnaround times, and drive process efficiency.
Senior KYC Analyst
CITI Corp Services India PVT. Ltd
Pune
01.2018 - 01.2023
- Supported the front office in onboarding corporate entities, trusts, partnerships, and foundations by verifying KYC, CDD, and account opening documents, ensuring compliance with AML and CIP policies
- Conducted sanction screening, including PEP, SDN, SPF, Adverse Media, and Negative News checks, in alignment with Citi Procedures and global regulations
- Reviewed AML screening alerts, efficiently resolving false positives and escalating confirmed matches to the compliance team for further investigation
- Executed Enhanced Due Diligence (EDD) for high-risk clients during onboarding, mitigating risks related to fraud, money laundering, and terrorist financing
- Managed Client Due Diligence (CDD) for high-risk institutional clients, ensuring adherence to global KYC procedures
- Conducted risk assessments to identify and address red flags during onboarding
- Collaborated with the front office to ensure accurate and complete documentation for account openings, adhering to regulatory standards
- Reviewed and processed tax forms (W-8BEN-E, W-8BEN, W-9, CRS) to ensure FATCA and CRS compliance during onboarding
- Verified KYC and CDD documentation for all clients, ensuring compliance with AML and CIP policies and maintaining data integrity
- Maintained and updated KYC records, coordinating with the front office to secure necessary client documentation
- Worked with AML & Compliance teams to secure approvals for onboarding, especially for high-risk clients
- Trained new employees on KYC, CDD, and client onboarding processes to ensure adherence to compliance standards
- Supported UAT (User Acceptance Testing) for system enhancements related to KYC and onboarding processes
- Prepared and presented MIS and dashboard reports, tracking pending tasks and TAT records to improve process efficiency.
Operations Executive
Aditya Birla Sun Life Insurance Pvt. Ltd.
Pune
09.2016 - 11.2017
- Managed cash counter operations, including cash handling, cheque processing, and maintaining accurate daily cash records
- Verified KYC documentation and application forms of clients before creating records and issuing policies, ensuring compliance with regulatory and internal standards
- Reviewed and verified client requests for policy surrenders, loans, and death claims, ensuring all documentation was complete and compliant prior to submission to the finance team for payout processing
- Created and maintained KYC records for clients, ensuring accuracy and adherence to regulatory requirements
- Performed ongoing maintenance of client profiles based on requests, ensuring all updates complied with regulatory and internal policies
- Created CRM interaction IDs to effectively track and resolve customer queries, enhancing the client experience
- Prepared and delivered MIS reports to senior management, providing insights into daily business operations.
Education
MBA in Finance -
Department of business administration SGBAU, Amravati
01.2016
BBA -
College of Management, Khamgaon, Amravati University
01.2013
12th -
Amravati Board
01.2010
10th -
Amravati Board
01.2008
Skills
- Know Your Customer (KYC)
- Customer identification program (CIP)
- Customer Due Diligence (CCD)
- Enhance Due Diligence (EDD)
- Transaction Monitoring
- Risk Assessment and Management
- Regulatory Compliance
- AML (Anti-Money Laundering)
- AML Risk Assessment
- Suspicious Activity Reporting (SAR)
- AML Investigation
- Sanctions Screening
- Regulatory Reporting
- Client Onboarding
Personal Information
- Date of Birth: 05/21/91
- Gender: Male
Languages
English
First Language
Hindi
Proficient
C2
Marathi
Proficient
C2
Timeline
Team Lead - KYC Client ops Analyst
JP Morgan Chase & Co.
02.2023 - Current
Senior KYC Analyst
CITI Corp Services India PVT. Ltd
01.2018 - 01.2023
Operations Executive
Aditya Birla Sun Life Insurance Pvt. Ltd.
09.2016 - 11.2017
MBA in Finance -
Department of business administration SGBAU, Amravati
BBA -
College of Management, Khamgaon, Amravati University
12th -
Amravati Board
10th -
Amravati Board
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