Bharat Vaghela

I am Team Leader handling 30 employees under me. Very professional last more than 5 yrs in KYC Analyst, AML, Remediation's.  Now I am looking For Assistant Manager.

Organization : IBM India Pvt Ltd 

Quality Auditing (Team Leader)

Team Strength: 40

Process – Banking AML and Global KYC Compliance

• Conducting Periodic review as per CIP (Client identification Program) Standard for one of the largest Bank in Europe, in line with US/UK regulatory guidelines which provides the guidance on the Anti money laundering and financial sanctions program for our client.
• Responsible for reviewing and ensuring all required AML / KYC Regulatory requirements for existing clients are in place
• Analyze Client data, documentation, and negative news to determine Client Risk Profile
• Document and verify information obtained on high-risk clients as required by the Global KYC Procedures utilizing a variety of independent research sources
• Identifying principals (Shareholders and Director's) of the existing client request to mitigate the risk relating to PEP's involved or any reputational risk involved with them
• Liaise with Compliance on specific high-risk requirements and regulations arising under special circumstances
• System used for screening adverse news: RBI, Vigilance and Factiva

Transaction Banking:/Cash Management 

• Co-ordination with the Cash Management Team for Client registration in BNPP Link, Netp@y, Connexis Eware and Document Exchange Connect Setup
•  Scrutiny of client Board Resolution for accurate updations of authorization limits, modes and roles 
• Liaise with local, BNPP vendors for procurement of RSA and Connexis tokens and maintain copy for audit 

Operational Risks Management 

• Management of the Risk and Control Self-Assessment related Processes, Procedures, Controls and action plans for internal process in coordination with Operational Management Team 
• Coordination of Findings, recommendations and permanent control actions 
• Ensure timely analysis of errors, incidents and implementation of CAPA(Corrective/Preventive Action)
• Manage and facilitate concurrent auditors (EY) and PWC for smooth audit process 

Management and Regulatory Reporting

· Multiple purpose periodic various management and regulatory reporting such as FATF, RBI Bank Profile, FACT, Tranche, AGORA & Risk classification, Management Reporting,

Senior KYC Analyst: 21th Dec 2020 to 30th April 2021

Consultant Payroll: Destar Consulting Private Limited (Temp role)

Client: BNP Paribas India

Working Location:- Infinity, Building No.4, 601, Off Film City Road, Malad, Raheja Housing and Commercial Complex, Malad East, Mumbai, Maharashtra 400097.

Exposure to : US and Canadian AML regulations

• Perform independent check of KYC information provided by front office
• Very proactive approach to process improvement, actively seeks opportunities for change that benefit the wider team
• Contributing ideas and participating in efforts to further improve and streamline the process
• Perform Periodic KYC reviews on risk based schedule
• Stakeholder management of key clients
• Liaison with Compliance Department and the senior management within Business units supported
• End to end management of client KYC process including liaison across the business, compliance and operations

Senior Financial Analyst: 13th Dec 2018 to March 2020

Organization : Eclerx Services Limited

Exposure to   : US and Canadian AML regulations

Key Responsibilities:

• To access the risk associated with Individual and commercial KYC and AML and suggest process to mitigate them. 
• Perform periodic review on Corporations, LLCs, LPs, Banks, FIs etc. 
• Process onboarding request received for existing/new client. 
• Audit the checklist prepared by the analyst pool and provide timely feedback to help them achieve their quality and quantity SLA’s. 
• Raise the discrepancies to the offshore team and get them resolved. 
• Point of Contact for solving process related queries. 
• Reaching Line of Business (LOB) for further requirements and necessary approvals. 

Key Learning: 

• Mitigate the risk on a particular entity/individual as per AML regulation. · Risk identification through various applications, macros, regulated websites and other validated sources for KYC purpose. 
• Interact with offshore clients & Relationship Manager to complete periodic review on a particular entity/individual.

Senior Process Associate : 12th August 2014 – 10th Dec 2018

Organization : Accenture Solutions Pvt Ltd.  

Exposure to     : Global Kyc Remediation 

Key Responsibilities:

KYC Due Diligence:

• Responsible for performing a Periodic Review and Enhanced Due diligence reviews of Consumer and Business Banking customer as per the Client Identification Policies of the firm
• Handle multiple priorities and deadlines concerning review of high risk clients.
• Conduct investigations on databases such as LEXIS NEXIS, PCR and RDC to analyse and evaluate the risk posed by the client based upon the client's business functions and its financial activity.
• Identifies accurate risk rating for individual/non-individual accounts to highlight high risk jurisdictions, cash intensive/high risk businesses and Politically Exposed Persons(PEPs) or Relatives or Close Associates (RCA)
• Conducts enhanced due diligence research in attempts to find derogatory/background information used to aid client advisors' decisions in initiating, maintaining or closing business relationships
• Worked with Senior Managers, Lines of Businesses & other departments to ensure ongoing compliance with AML Standards & regulatory requirement
• Conduct the background screening on the Client name & other officials' names using tools such as PCR, RDC, Google and LexisNexis
• Building a Profile by thoroughly researching Regulatory Bodies, Countries Exchanges, State Registries, research and analysis of public records, commercial database, global media sources and reliable media 
• I have joint Accenture as an Associate to process and verify the data which is given to me, then I moved to quality team to work as an Quality auditing analyst to audit the data to handle the quality of the team and give feedback to team members to grow in a better way.