Prashant Kewat
Associate (Specialist) Financial Crime Compliance
Mumbai
Summary
With a strong professional background in banking, I possess advanced skills in data analysis, anti-money laundering (AML), transaction monitoring, and red flag detection. My extensive knowledge of the international trade finance process, including front-end and back-end operations, allows me to provide exceptional customer service. I have experience in bank guarantees, import payments, IDPMS, and retail outbound remittances. My expertise in SWIFT authorization MT 103 and MT 202, as well as currency rate bookings, enhances my understanding of import remittances. Equipped with a diverse skill set, I strive to deliver outstanding results in the fast-paced, dynamic banking and finance industry.
Overview
13
13
years of professional experience
2021
2021
years of post-secondary education
3
3
Languages
Work History
Associate (Specialist)
Standard Chartered Bank , S
01.2023 - Current
- Examine cases of money laundering alerts produced by ECM Mantas and further examine transaction activity to find any indications of possible money laundering (collecting information and documentation from both public domain searches and internal source systems) during the Assessment
and Analysis Phase. - Developed and issued Requests for Information (RFIs) to clarify and investigate suspicious customer activities, facilitating the escalation process for Suspicious Activity Report (SAR) submissions
Efficiently managed RFI processes, including initiation, tracking, and timely follow-up with Relationship Managers, to prevent breaches of RFI deadlines and ensure case resolution within prescribed timeframes. - Responsible for and published daily MIS productivity reports to all team leaders, assuring transparency and performance improvement for all team members.
- To enhance internal systems, investigative methods, products, etc., give analysts training and mentorship.
- Carried out internal quality check i.e IQC to ensure maintained quality of audit log ( Cases actioned by analyst )
Manager
AXIS BANK LIMITED
11.2019 - 12.2022
- Ensured adherence to RBI guidelines, SOPs, and FEMA regulations, maintaining strict compliance IDPMS and EDPMS
- Managed all aspects of Domestic Bank Guarantees, including issuance, amendments, and closure, with precise control over return filings
- Built and maintained strong relationships with internal stakeholders for seamless transactions FTR processing compliance
- Conducted rigorous scrutiny of documents for Import and Non-Import Outward payments
- Negotiated effectively with customers to secure advantageous currency conversion rates for outward payments
- Diligently followed up with customers for timely Closure Bill of Entry and Shipping Bill for import and export payment processed in accordance with RBI mandates
Deputy Manager Band I
ICICI BANK LTD
07.2016 - 11.2019
- Expertly conducted Name Screening for AML compliance, ensuring seamless transaction processing
- Managed and verified outward payments for Letters of Credit with high accuracy
- Scrutinized Import LC documents to maintain strict compliance and precision
- Authorized LC-related swift messages, including MT 202 and MT 799, with expertise
- Led the Retail Remittances Outward Department, enforcing robust AML protocols
- Reviewed and cleared outward transactions, effectively resolving AD II/client issues
- Demonstrated proficiency in Finacle for transaction management and AD II/client support
- Specialized in Swift Authorization for MT 103 and MT 202 messages, upholding transaction integrity
Senior Accounts Executive
Quest2Travel.com(I) Pvt.Ltd
06.2012 - 06.2016
- Expertly reconciled bank statements and managed receipt and payment allocations
- Efficiently generated daily invoices for both domestic and international air bookings
- Developed comprehensive weekly MIS reports for corporate accounts and consolidated invoicing
- Diligently monitored Accounts Receivable for corporates to ensure timely collections
- Conducted thorough reconciliation of client statements and proactively followed up on receivables
- Reported directly to the Senior Manager of Finance & Accounts, ensuring accurate financial oversight
Education
MBA - Finance
ASMA Institute Of Management
University Of Pune10-2010
Bachelor of Commerce - Commerce Specialization Computer Applications
BYK College of Commerce
Nashik University Of Pune 04.2001 - 01.2006
Skills
Transactions Monitoring, Data Analysis,Risk Assessment
Customer Due Diligence, Sanctions Screening
Imports and Inward Remittance, Bank Guarantees
IDPMS,EDPMS, FX DEAL TREASURY
Swift Authorization MT103 and MT 202
Timeline
Associate (Specialist)
Standard Chartered Bank , S
01.2023 - Current
Manager
AXIS BANK LIMITED
11.2019 - 12.2022
Deputy Manager Band I
ICICI BANK LTD
07.2016 - 11.2019
Senior Accounts Executive
Quest2Travel.com(I) Pvt.Ltd
06.2012 - 06.2016
Bachelor of Commerce - Commerce Specialization Computer Applications
BYK College of Commerce
04.2001 - 01.2006
MBA - Finance
ASMA Institute Of Management
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