Rakesh Chavan
Dubai
Summary
Certified and Experienced financial crime expert with a strong
understanding of compliance framework in dynamic regulatory landscape. Aspiring to obtain a position where my knowledge, proficiency and experience will allow for the growth of myself & organization that provides me with job satisfaction.
Overview
10
10
years of professional experience
1
1
Certification
Work History
MLRO (Authorized Individual) & Sanctions Advisory
HDFC Bank Ltd, DIFC Branch
12.2020 - Current
- Customer Onboarding Review checks.
- Customer Risk Assessment.
- Ongoing Customer Due Diligence in line with AML / KYC Policy.
- Transaction Alert Monitoring.
- Filing of Suspicious Activity Reports with the Central Bank of UAE and DFSA.
- International Sanctions Monitoring at the branch.
- Annual AML / KYC / CFT Policy review.
- Implementation of AML Policy and Framework at the branch through compliance testing.
- Imparting AML / KYC / CFT training to the staff.
- PEP Monitoring and review of World Check alerts closure.
- Customer Complaint Monitoring.
Manager
HDFC Bank Ltd
07.2017 - 11.2020
- Transaction Alert Monitoring.
- Reporting suspicious cases to FIU - India for further investigation.
- Sanctions Monitoring and checking transactions to comply with the regulations of US OFAC, EU and UKHMT.
- AML / KYC / CFT training to front office staff.
- Presentation to senior management on issues and developments in financial crime.
Risk and Compliance Officer
Citicorp Services India Pvt Ltd
10.2014 - 06.2017
- AML, Export Control and Military Equipment Financing review.
- US Anti Boycott Regulations review.
- Shipment tracking to identify ghost shipment.
- Review of hits generated under US OFAC to identify true match.
- Sectoral Sanctions Identifications (SSI) review and reporting.
- Quality Audit of other AML Compliance teams.
- Imparting compliance training to operations and business staff.
Process Associate
Royal Bank Of Scotland Services Pvt Ltd
09.2013 - 10.2014
- Perform AML and KYB checks on corporate clients.
- Client Risk Assessment.
- Transaction Monitoring.
Education
MBA - Finance
Mumbai University
Mumbai06.2013
Bachelor of Accountancy - Commerce
R A Podar College of Commerce And Economics
Mumbai06.2010
Skills
Regulatory Compliance
Anti Money Laundering Review and Investigations
International Sanctions Monitoring
Customer Due Diligence
Compliance Testing and Monitoring
Team Player
Accomplishments
June 2023 - Gold Award for Exceptional Performance.
June 2022 and Dec 2021 Silver Award for Outstanding Performance.
2016 - Galaxy of Thanks for managing change.
2014 - Star Award for Outstanding Performance.
Certification
- International Compliance Association Specialist Certificate in Trade Based Money Laundering.
- Financial Crime Academy Certificate in Sanctions.
- International Compliance Association in Certificate in Compliance.
- Certified Anti Money Laundering Specialist (CAMS).
Personal Details
- Date of Birth :- 29th May 1988.
- Marital Status :- Married.
- Nationality :- Indian.
- Notice Period :- 1 month.
Languages
English
Bilingual or Proficient (C2)
Hindi
Bilingual or Proficient (C2)
Marathi
Bilingual or Proficient (C2)
Timeline
MLRO (Authorized Individual) & Sanctions Advisory
HDFC Bank Ltd, DIFC Branch
12.2020 - Current
Manager
HDFC Bank Ltd
07.2017 - 11.2020
Risk and Compliance Officer
Citicorp Services India Pvt Ltd
10.2014 - 06.2017
Process Associate
Royal Bank Of Scotland Services Pvt Ltd
09.2013 - 10.2014
MBA - Finance
Mumbai University
Bachelor of Accountancy - Commerce
R A Podar College of Commerce And Economics