VINAY KUMAR H A
Kings Park,Australia
Summary
Experienced KYC and AML Specialist with expertise in client onboarding for individual, residential, non-residential, and corporate accounts. Skilled in document review, and activation of Bancassurance, Fixed Deposits, Wakala Deposits, Mutual Funds, and Structured Deposits. Proficient in generating and submitting key reports, including Treasury, General Ledger, Roll-over, Noor Trade, and Bancassurance MIS reports to financial institutions. Experienced Team Lead, overseeing team operations and reporting on Expenses, AUM, Profit & Loss, Tax Profit & Loss, and Headcount History. Strong focus on compliance and financial reporting.
Overview
9
9
years of professional experience
Work History
Process Delivery Specialist
IBM India Private Limited
10.2019 - 10.2024
- Working on KYC & AML Checks for Corporate & Individual Banking Customers
- Performing CIP, CDD for New & Existing customers around the US region
- Focusing on clients' Source of funds, purpose of account, nature of business
- Reviewing different types of clients like, LLC, Corporates, Partnership, Individual, Trusts, Estates, Not for Profit Organizations, Governments etc
- Obtaining SS4, Certificate of incorporation, Ultimate beneficial ownership form, site visit etc
- Giving justification for transactions behaviours is that make sense to business based on nature of business, products & services, geographic location, age & length of the business
- Create customer risk analysis summary of the business
- Using Tools for screening: Lexis Diligence, RDC - Regulatory Data Corp, Dun & Bradstreet
- Identify the Negative News/PEP/Sanctions/High Risk Indicators on Customers & connected parties, discount the false positive hits, investigate on True / positive hits, escalate material hits to HRR (Higher Risk Review) & FCC (Financial Crime Compliance) Teams
- Through Negative news identify the adverse media news, fraud and allegations etc
- Calculating Financial Crime Risk Rating (Low, Medium & High) of all clients based on their Nature of business, Country of Incorporation, Primary business operation locations, Level of accountability, Type of products, negative news etc
- Hands on all the applications that we use like Appway, Nautilus, Aperio, Lexis nexis, Salesforce and RDC
- As Team Lead, facilitated the acquisition and installation of WEG applications, successfully to enhance operational efficiency and drive team performance
- Prepare advisor team expenses report, detailing each advisor's monthly expense budget and tracking individual spending against allocations, enabling effective budget management and financial oversight
Advisor II Transaction Processing
Concentrix Daksh Services India Private Limited
10.2016 - 10.2019
- Support the Senior Manager, FCC, Risk Assessment (Fraud Analysis), AML in driving the strategy for the Bank
- Manage the account opening and client documentation workflow from creation, collection, negotiation oversight and execution
- Identify gaps or opportunities for improvement in AML policies, procedures, and processes
- Manage the documentation process for external clients and internal business partners throughout the documentation life cycle
- Manage activities through heavy phone work with external clients and internal business partners
- Perform required research for a product set-up and account opening to assess documentation requirements on internal systems as applicable
- Ensure deal deliverable are met and hold owners accountable by managing implementation issues, escalations and error resolution
- Demonstrate creative problem solving and solid judgment/decision making
- Exhibit adherence to policy and procedures and meet or exceed established Service Level Agreements (SLAs)
- Diligent awareness of risks in processes in a timely manner
- Exhibit ownership, escalation and resolution of risk issues when they occur in a timely manner
- Manage clear expectations and understanding by establishing clear timelines and managing documentation requirements
- Exhibit ownership of on-boarding experience and client satisfaction
- Ownership of internal communication and status updates
- Providing governance and oversight over the implementation of FCC-related policies and procedures in the Region and allocated countries to ensure compliance with such policies and procedures
- Provide guidance to Risk assessors and Country Heads of FCC on the end-to-end FCC Group Risk Assessment (GRA) process
- Conduct Anti Money Laundering (AML), Central Bank (CB), Em credit Check and advise the compliance team of the risks involved
- Perform legal checks for large corporations as per to the government's policies and procedures
- Conduct risk assessment as part Foreign Account Tax Compliance Act (FATCA)
- Inform senior management and relevant regulators of serious regulatory breaches through necessary internal channels (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased
- Advise relevant stakeholders on outcomes of [(AML)/Sanctions/Anti-Bribery & Corruption (ABC)] risks identification and assessment methodologies
- Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk, product risk and country risk assessments)
- Reporting Treasury team on deposits maturing on daily basis
- (which sending to all over Dubai branches)
- Verify documents Wakala, SD, TD and Bancassurance
- Cheque books
- Blocking/releasing amount and account of customer as per the instruction from respective departments
- Placing of Wakalas, Structure deposits, Miscellaneous, term deposits & Liquidations
- (in AED, EURO, GBP and USD currency)
- Fund Transferring, Mutual fund & G L Transfer
- Completing the volumes within time, with no errors
- As a checker, verifying and authorizing placement and liquidation of Wakala Placement, term deposits and Structure deposits processed by maker upon all the approvals and documents are in place
- Authorization of lien/blocking of term deposits and Wakala placement for issuing customer credit card
- Authorization of all the fund transfers to customer's account and GL balance as per the source of funds received
- Verification of Bancassurance documents and processing issuance upon confirmation mails received from product team after verifying customer AML related documents
- Handling IPU team on all the transactions, queries, mails and tracking all the new updates received through product team and business
- Working on mails received for queries and updates on the transactions processed by IPU team
- Working with clients on every urgent transaction and tracking all the updates given by them for the process knowledge
- Payments team on fund transfer of WDIA balance and mutual funds transfer
- Working with
- Tracking all the structure deposits, Mutual funds and Bancassurance received cases and processed cases in respective MIS and publishing same to product team on a daily basis
- Display exemplary conduct and live by the Group's Values and Code of Conduct
- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across the Bank
- This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct
- Lead the allocated Assessment Units in different countries to achieve the outcomes set out in the Bank's Conduct Principles
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters
- Ensure senior management are made aware of the key risks, control gaps and remediation efforts
Senior Telecalling Officer
HDB Financial Service Limited
05.2015 - 10.2016
- Analysis of Financial records as per company guidelines, Terms & Conditions
- Verification and Authentication for Pre-sanction and post-sanction and necessary loan processing documents
- Handling discrepancies and customer queries post disbursal
- Updating sanctioned customers details in the System
- Cross-functional activities: Coordinating and executing analytical requests from various teams
- Managing CIBIL Checks and minimum parameters to login the case
Education
Bachelor of Commerce - Accounting & Taxation
01.2015
Skills
- Excel spreadsheet tracking
- Safety Protocols and Procedures
- Customer rapport building
- Professionalism and punctuality
- Documentation, accuracy
- Strong organizational skills
- SQL and Excel expertise
- PowerPoint expertise
- Creating Process DTPs (Documented Training Procedures)
- Client communication
Achievements
Unsung Hero Award @ Concentrix Daksh Services India Private Limited.
Client and Partner Success Award @ IBM
Timeline
Process Delivery Specialist
IBM India Private Limited
10.2019 - 10.2024
Advisor II Transaction Processing
Concentrix Daksh Services India Private Limited
10.2016 - 10.2019
Senior Telecalling Officer
HDB Financial Service Limited
05.2015 - 10.2016
Bachelor of Commerce - Accounting & Taxation
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