Summary
Overview
Work History
Education
Skills
Awards
Personal Details
Timeline
Generic
Vaibhav Jain

Vaibhav Jain

Melbourne,VIC

Summary

Personable and detail-focused problem-solver with strong foundation in avenues of financial crime and trade finance. Understanding of local and international Sanctions and AML/CTF regulations, coupled with curious and investigative mindset and strong interpersonal and communication skills. Committed to ensuring organizational adherence to regulatory standards and enhancing operational efficiency.

Overview

9
9
years of professional experience

Work History

Associate – Financial Crime Operations - Sanctions Screening

National Australia Bank
05.2021 - Current
  • Assisting leads and managers with planning workload,implementing and improving Sanctions and Transaction Monitoring systems.
  • Contributing to Line1 in the FCR team for institutional banking customers by performing 4 eye-checks on alerts and escalation management, transaction monitoring, preparing SMR's and RFI reporting.
  • Additional responsibility was given to lead the team as 2IC and managing rosters, ongoing coaching, feedback, productivity and cut-off queues based on SLA's.
  • Identified areas for improvement in current processes through regular audits and assessments, leading to enhanced efficiency and effectiveness.
  • Using in-house applications and AI for Vessel Tracking for trade compliance and escalating early warnings of unsolicited movements of sanctioned vessels
  • Collaborated with cross-functional teams to develop comprehensive AML / CTF, Name Screening and Sanctions screening strategies.

Portfolio Manager - Collections (Banking)

Recoveries corporation Ltd
09.2020 - 05.2021
  • Managing multiple product portfolios in collaboration with internal and external operations groups to ensure the strategy is executed
  • Managing offshore team of6 in Fiji contact center handling open book commercial small dollar value accounts
  • Develop and monitor profitability-based strategies for account management, and syndicate with appropriate stakeholders

Portfolio Collections Officer (Banking & Finance)

Illion, (formerly Dun and Bradstreet)
04.2019 - 09.2020
  • Contingent debt recovery on for Banking, Finance and Insurance
  • Skip Tracing of customers and handling mixed portfolio of customers with90-180 DPD including high net worth individuals
  • Converting doubtful debts to recovered accounts through settlements and full payments from debtors
  • Providing customer service and tailored solutions to each client on a case-by-case basis

Cash and Trade Risk Analyst (Operations)

Citibank
12.2015 - 11.2018
  • Managed Credit assessment and Trade operations with Processing Import and Export documents (Dispatch and Non-Dispatch Bills)
  • Managed as Maker and authorizer of High value RTGS/NEFT payments, Cross border payments and FX and EEFC conversions
  • Processing applications of Letters of Credit and SBLC issuance, demand drafts, FTU outwards and inwards processing and issuing FIRC
  • AML/CTF Transaction Monitoring, Sanction’s screening, OFAC checks, CDD and Due diligence management, KYC and handling fraud investigations on all documents received within branch including cheques (Inward and Outward clearing)
  • Ensured efficient coordination with all stakeholders and parties to a transaction for best service deliverability by resolving exceptions and discrepancies
  • Vendor audit, reconciliation of internal accounts with timely preparation of memos and EOM proofing of all accounts

Education

Master of Professional Accounting -

Melbourne Institute of Technology
01.2020

Master of Business Administration - Finance

RA Podar College
01.2015

Bachelor of Commerce - undefined

University of Rajasthan
01.2013

Skills

  • AML, CTF, KYC, TM and Sanctions
  • Trade finance and operations
  • Quality Assurance, Internal Audit
  • Project UAT, Sanity Testing
  • Stakeholder Management
  • Vessel Tracking and Name Screening

    Soft Skills

  • Forward Compatible
  • Multitasker with result-oriented approach
  • Team Player taking accountability
  • Flexible and approachable with can-do attitutde

Awards

NAB 2023: Recipient of NAB Honour award for contribution in transition of new system. Illion: Highest collections record, March2020 (Finished339% to target)

Personal Details

Languages: English, Hindi
Availability: Full Time

Timeline

Associate – Financial Crime Operations - Sanctions Screening

National Australia Bank
05.2021 - Current

Portfolio Manager - Collections (Banking)

Recoveries corporation Ltd
09.2020 - 05.2021

Portfolio Collections Officer (Banking & Finance)

Illion, (formerly Dun and Bradstreet)
04.2019 - 09.2020

Cash and Trade Risk Analyst (Operations)

Citibank
12.2015 - 11.2018

Master of Business Administration - Finance

RA Podar College

Bachelor of Commerce - undefined

University of Rajasthan

Master of Professional Accounting -

Melbourne Institute of Technology
Vaibhav Jain