Bhupen Lahkar
Mumbai
Summary
9+ years experience in the fields of Compliance, AML, Due Diligence, Sanction Screening, Negative News, Indian Accounting, Audits & Taxation.
Overview
13
13
years of professional experience
7
7
Certifications
Work History
Director
Morgan Stanley Advantage Services
01.2023 - Current
- Team Management: Co-lead team of 80+ resources of vendor team and process owner of Level 1 NNS controls team
- Process Optimization: Partner with Stakeholders and technology team to streamline screening process, quality controls and technology lifecycle management from script development to UAT/QA testing and production implementation.
- Compliance and Risk Assessments : Develop and modify standard operating procedures, identify and assess money laundering and reputational risk matters identified through the execution of the Firm’s NNS protocols for both new and existing customers.
- Team Building: Acknowledging and appreciate the efforts and achievements of team members. Clearly define roles and responsibilities within the team, which in line with firm's Goals. Facilitating meaningful career discussion and year-end performance assessment.
Associate – Team Lead
Morgan Stanley Advantage Services
01.2020 - 12.2022
- Perform UAT testing of internal tools, Vendor team management – Negative News Screening (NNS) & Sanctions Screening teams
- Stake holder management – Mi presentation, Risks Assessment & Controls etc
- Resolve surveillance items flagged as potentially suspicious transactions or exceptions
- Review and monitor client accounts for potential matches to designated sanctions targets and prohibited persons lists
- Investigate potentially suspicious activity arising from account surveillance, branch escalations and Grand Jury subpoenas, Conduct due diligence searches on accounts in various third-party and internal databases
- Send end of the day reports to higher management, Prepare and reconcile daily opening and closing reports
- Delegate responsibilities among team members and take daily team huddles
- Led smooth transitioning of different BU's to Vendor team
- Lead discussion with internal & global QA teams
- Project and Report if any breach of SLA to Senior Management
- Assist junior / new hires in process and technical issues
Associate
Morgan Stanley Advantage Services
01.2016 - 11.2017
- Conducted thorough EDD for customers associated with MS Wealth Management & Banks ensuring comprehensive risk assessments
- Review and monitor client accounts for potential matches to designated sanctions targets and prohibited persons lists
- Delegate responsibilities among team members and take daily team huddles
- Successfully transitioned NNS and Sanctions process from Mumbai to Bengaluru as part of Business Continuity Plan
- Assisted discussion with internal & global QA teams
- Project and Report if any breach of SLA to Senior Management
- Assist junior / new hires in process and technical issues
Fund Accountant
Globe-op Financial Services
09.2014 - 01.2015
- Assisting in CFRS, Preparation and Mailing of Monthly Reports to Clients, Preparation and mailing daily Profit and Loss statement to Clients, Reconciliation, Attending to Client Queries and Complaints, Checking various reports and Manager fee calculation
Contract Management Associate
Ocwen Financial Services Pvt Ltd.
06.2013 - 03.2014
- Cross-verifying affidavits with other departments and making amendments if necessary, Rebooking wrongly entered codes correctly with due diligence, Obligation to various training and compliance requirements, Making Presentations for regular updates for the process, Contributing in preparation of Business Reports, presented to Clients by Team Leads, Actively participating in Client calls, held either to discuss some critical issues faced by the team or for training on some newly discovered cases
Senior Accounts Assistant
Prabhu Associates
05.2011 - 05.2013
- Accounts Receivable and Accounts Payable, Bank Reconciliation and Finalization of Accounts, Planning and Supervision of audits of company and non-company entity
Education
Certified Investment Banking Operations Professional -
Imarticus Learning
Masters in Commerce- Accounting Studies - undefined
Mumbai University
Bachelor of Commerce - undefined
St.G.G. College of Commerce
H.S.C - undefined
St.Thomas Baptista Junior College
S.S.C - undefined
St. Augustine High School
Skills
Team Management
undefinedCertification
Tally 9.0 ERP
Permanent Residence
B-01 Siddhi Sonam CHS, Stella, Vasai west, Mumbai 401 202
Personal Information
Date of Birth: 11/22/90
Timeline
Director
Morgan Stanley Advantage Services
01.2023 - Current
Associate – Team Lead
Morgan Stanley Advantage Services
01.2020 - 12.2022
Associate
Morgan Stanley Advantage Services
01.2016 - 11.2017
Fund Accountant
Globe-op Financial Services
09.2014 - 01.2015
Contract Management Associate
Ocwen Financial Services Pvt Ltd.
06.2013 - 03.2014
Senior Accounts Assistant
Prabhu Associates
05.2011 - 05.2013
Certified Investment Banking Operations Professional -
Imarticus Learning
Masters in Commerce- Accounting Studies - undefined
Mumbai University
Bachelor of Commerce - undefined
St.G.G. College of Commerce
H.S.C - undefined
St.Thomas Baptista Junior College
S.S.C - undefined
St. Augustine High School
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