Manager
Ascent Technology Consulting
Total years of experience :14 years, 11 Months
• Part of the core team at Ascent and part of the management level decision making for growth, strategy and expansion into new geographies.
• Responsible for driving Sales & Revenue and Business Development for the Middle East and Africa Markets for Ascent flagship products
o Auto Recon
o Anti-Money Laundering
o ProMart- Escrow Management
• Driving Sales through Consulting and demo’s, Proof of Concept Etc.
• Project Management - Heading all the projects in the BFSI Domain for the middle east and Africa region
• New Product Development - Identifying new products / services as per market study and design project for the development and GoToMarket strategies.
• Business Analysis - Client Consulting in various areas in the BFSI Domain, conducting a root cause analysis of the problem and design a solution customized to clients requirement
• Managing client relations, escalations from the clients, new sales opportunities etc.
• Heading the Sales and Projects Team at Ascent.
• Out of Box and new ways of thinking for growth of the business and market positioning
• Have generated new business of over USD 3 million for the organization.
• Manage the AML Process monitoring including Transaction Monitoring & Watch list Screening Activity and other Misc activities closely associated with AML Program.
• Conduct Internal Audit from AML perspective and support Regulatory and other audits as and when required.
• Managing KYC Anti-Money Laundering compliance program for Global Prepaid products
• New Client On boarding and Re-assessments
• Perform Enhanced KYC Due Diligence on a diverse range of institutional customers in accordance with Global Compliance Policies
• Screening of the clients (individuals and entities) using various AML research tools including
- World Check
- Lexis Nexis
- Bridger
- Fast data
- Banker’s Almanac
- SOS, SEC, web research
- Actimize etc.
• Conducting research on Negative News, Politically Exposed Persons (PEP), SDN (Specially Designated Nationals), SOE, OFAC, sanctions screening, 314A FINCEN Monitoring, Transaction monitoring, Suspicious Activity Reporting and litigation, Judgment & Liens, District Court filings & Combined State Filings etc.
• Product(s): Global Prepaid Banking Products: Global Travel Cards, Alternate Clearing Partner, Alternate Clearing House, Affiliated Direct Seller, B2B Cards and Mall & Retail Cards.
• Regulatory requirements required by the US Patriot Act article 326 for the Seller Identification Program (SIP) and support research and analysis with documentary or non-documentary means and contain a clear understanding of primary and secondary requirements as they relate to Amex policy.
• Sound knowledge of AML laws and related regulatory legislation, The USA PATRIOT Act of 2001, Bank Secrecy Act (BSA) Anti-Money Laundering (AML) Compliance, law enforcement, The Financial Services and Markets Act of 2000, The Proceeds of Crime Act of 2002 (PoCA), Basel II Accord, EU Second Money Laundering Directive, EU Third Money Laundering Directive
• Identifying patterns of suspicious activities and investigate suspected cases of activity related to money laundering or terrorist financing or other related financial crimes.
• Identify business knowledge gaps and regularly review procedures assuring new processes are documented.
• Identifying politically Exposed Persons, Sanctioned Individuals/Entities, Fraudsters and Money Launderers and mitigate risks associated with financial crimes.
• In co-ordination with the Global Compliance and line of business leaders, ensure implementation or revision of policies and procedures to achieve compliance programs consistent with American Express Standards
• Ensuring all PRSA/Audits is cleared & Support state licensing and exams.
• Branch Banking Operations (Cheque clearing, RTGS/NEFT, Inward-Outward Remittance etc.)
• Performing KYC checks on new to bank (NTB) customers.
• Due Diligence and transaction monitoring of any existing relations with the bank to identify any fraud trends or Anti-Money laundering activities
• Assuring compliance with the guidelines issued by the Reserve Bank of India
• To ensure highest level of customer satisfaction
• Adhering to the Turn-around time
• Working knowledge of “Finacle” core banking software from Infosys
• Fraud research and dispute resolution solutions for American Express credit cards.
• Root Cause analysis (Including Instantaneous decision making related to customer financial information)
• Strong data analysis and logical reasoning.
• SME (Subject Matter Expert) for my team.
• Quantitative reporting to the client
• Handling escalations/providing feedbacks/Performance improvement plans/conducting weekly assessments etc.
PGDM- (Finance) • Ranked 2nd in the PGDM (Finance) program at IMM, Delhi (Total batch of 60) • Recipient of Institutes Silver Trophy IMM, Delhi 2011 • Recipient of IMM Business scholarship, held at Ealing Hammersmith and West London College, London, United Kingdom , (10 students were awarded the scholarship out of 155 students) • Held the position of ‘President’ of the Finance society at IMM, Delhi
Executive Program for Young Professionals Fundamentals of Management, Strategy, Marketing, Finance and corporate success by IIM, Calcutta
Corporate Finance Accounts Corporate Law Audit Economics