Devakumar S D

Serving as the primary contact point for all regulatory sanctions related matters, reviewing all escalated cases and ensuring closure in time-bound manner, ensuring all freeze transactions are reported to regulator within stipulated timelines, monitoring the performance of executives, Officers and Senior Officers ensuring everyone meets their KPIs, ensure screening systems are functioning as required, ensure sanctions logs are updated within regulator stipulated timelines, undertake quality checks for alert closures, identify risks and gaps and implement adequate mitigation measures, work in close coordination with other verticals within the compliance department for coordinated actions, train members of staff on any new typologies and sanctions regime, undertake policy review and update as deemed necessary.

Attend to the day-to-day compliance and AML related requests/requirements for the Group, Research and provide advice on the compliance matters; map and gap assessment on all applicable laws and card scheme rules and ensuring compliance, Serve as the Deputy MLRO/ACO overseeing the obligations in accordance with the Groups policies and
procedures, carry out regular audits and checks on onboarding procedures and ongoing transaction monitoring, Serve as the Incident Investigation and Reporting Officer in accordance with the Groups policy and procedures, Review the customer complaint reports and address exceptions or patterns that needs to be addressed with process enhancements and timely action, Review, update and maintain all policies and procedures that are in place for the compliance department, Keeper of the Group wide policies and procedures and ensuring its annual review and updates in coordination with the other departments/stakeholders, Prepare annual compliance testing plan and the compliance action plan and implement the same in a timely manner, Research and review the jurisdiction specific regulatory requirements, assist in the preparation of license application, and coordinate regulatory submissions, Liaise with the
regulators and manage the compliance and AML related matters, Assist in maintaining a reporting calendar for the
Group, tracking reporting timelines and ensure timely submissions, Review the marketing and press release content review, Conduct training to all staff in financial crimes, Prepare such updates, reports and submissions as may be
required by the Head of the Department, Carry out such other duties and obligations ancillary to the responsibilities noted above or as assigned by the Head of the Department.

In charge of framing and implementing organizations Compliance/AML and Risk Policies, initiating licensing requirements with relevant regulators and addressing the same with Compliance Committee and Board of Directors.

Managing a team of four wherein responsibilities are transaction monitoring, Sanctions Screening, know your customer, Customer Due Diligence, Enhanced Due Diligence, Corporate On boarding, Implementation of organization’s Anti Money Laundering (AML) and Countering Financing of Terrorism(CTF) Policy and Procedures, Implementation of all recommendations issued by the Central Bank of UAE across the region of Operation, Reporting Suspicious Transactions to Financial Intelligence Department(FID), Verifying Correspondent Banking Arrangements prior to entering in to relationships, Conducting regular visits across all branches to review compliance levels and understanding the level of AML training required, AML training to all members of staff, Alerts Management, Uploading Daily, Monthly and Quarterly Remittance Report to CBUAE website, Performing sanctions screening through World Check for high risk individual customers and all corporate customers, Performing Risk Assessment of high risk individual and corporate customers, Conducting corporate visits to ascertain physical presence, Preparing and updating organization’s AML Policy and Procedures.

Managing a team of three wherein responsibilities are transaction monitoring, Sanctions Screening, know your customer, Customer Due Diligence, Enhanced Due Diligence, Corporate On boarding, Implementation of organizations Anti Money Laundering (AML) and Countering Financing of Terrorism(CTF) Policy and Procedures, Implementation of all recommendations issued by the Central Bank of UAE across the region of Operation, Reporting Suspicious Transactions to Financial Intelligence Department(FID), Verifying Correspondent Banking Arrangements prior to entering in to relationships, Conducting regular visits across all branches to review compliance levels and understanding the level of AML training required, AML training to all members of staff, Alerts Management, Uploading Daily, Monthly and Quarterly Remittance Report to CBUAE website, Performing sanctions screening through World Check for high risk individual customers and all corporate customers, Performing Risk Assessment of high risk individual and corporate customers, Conducting corporate visits to ascertain physical presence.

Responsibilities are transaction monitoring, know your customer, customer due diligence, Enhanced Due Diligence, Sanctions Screening, Implementation of compliance and AML policy and procedures across the country of operation, Implementation of Central Bank of Kuwait and Kuwait Financial Intelligence Units (KFIU) recommendations, Investigating Critical Incident Reports and Recording findings, Filing suspicious transaction reports as and when identified, conducting branch visits and training staff involved regularly on the importance of adherence to AML/CFT Policy and Procedures, Employing a Risk Based Approach to AML Investigations.

Transaction monitoring of clients commodity accounts, customer due diligence, verifying the client details through various compliance tools, filing suspicious transaction reports, enhanced due diligence. Job Profile also requires meeting clients whose business dealings could pose potential threats to the organization and educating them about the compliance policies and procedures of the company, collecting documentary proof wherever necessary.

Sourcing new to bank customers for investments and insurance business. Also, cross sell of credit cards, mortgage and personal loan referrals for existing as well as new clients.

Wealth Management, Regular Savings Plans, Account Opening, Know Your Customer, Customer Due Diligence, Service Quality, Life Insurance, Bonds, Mutual Funds, Portfolio Management, Securities Services.

Acquistion of clients for demat and trading accounts. Generating revenue through trading volumes from clients.

Acquisition of clients for share broking business and generating revenue through brokerage

Managing a client base of around 150 members in Equity Trading and Commodity accounts and Mutual funds