Praveen Kumar Ganesan
235 Paper Mills Road, Perambur, Chennai
Summary
- A business acumen with 18+ years of Experience in various Corporate Banking verticals such as KYC, Customer Due Diligence, AML, Compliance, Risk Mitigation, Sanctions, Screening, PEP, Adverse, Risk Management and controls, Corporate Bank Account opening, Client On boarding, Periodic Review, Accounts Payable, Customer service, Transaction processing
- Self-driven, objective and progressive, dynamic +8 years of leadership with sharp expertise to produce extraordinary results.
- Possess a strong track record of piloting global projects & streamlining communications strategies for achievement of business goals in a cross-cultural/ multinational working environment.
- Detail-oriented team leader with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy.
Overview
16
16
years of professional experience
Work History
Due Diligence Associate Manager (Sr. AVP)
Wells Fargo International Solutions Private Limited
02.2019 - Current
- Responsible for a team within Financial Crimes Operations unit that ensures proactive identification, prevention execution, detection and recovery
- Resolves escalated issues; communicates with customers, vendors, other departments and financial crimes management
- Managing a team of 17 team members would manage Periodic review (PR) refresh for US, EMEA & APAC Regions.
- Ongoing Negative News & Adverse Media screening process and processes to ensure compliance with both the USA Patriot Act as wells as Wells Fargo Corporate AML/BSA policy requirements
- Reviewing and Disposition the alerted task ID’s generated as part of Ongoing negative news and Adverse media news process as part of Screening function
- Ensures compliance with regulatory requirements such as CIB-CB CDD Procedures, Bank Secrecy Act, USA Patriot Act, FATCA, etc
- Identifying news events that can be indicative of higher risk factors – Prohibited customer types, Sanctions, political exposure, financial crimes and other reputational concerns for all the business segments
- Manage work assignment for the team members and provide periodic status updates to Offshore & Onshore Leadership teams
- Improve processes for smooth global delivery policies and compliance to drive operational excellence by delivering quality solutions and focusing on continuous improvement
- Ensure the team meets SLA’s & TAT along expected quality on the assigned volumes as per the agreed business KPI
- Establishing strong working relationships with extended stateside partners and support partners by ensuring issues are escalated promptly for resolution
- Engaged with GDA Teams on ensuring the adherence to Risk and Controls within Process
- Being a Spoc within FCO to manage Operational Risk to the business line internal control teams in the first line of defence
- Conduct independent analysis and challenge the outcome of all the Operational Risk Management Framework tools - Risk and Control Self Assessments (RCSAs), Key Risk Indicators (KRIs)., Analyse issues raised through self-assessments and other reviews including those performed by GDA audit team to determine significant risks Streamline the process through automation initiatives as per guidance by transformation teams
- Developed and standardized MIS Reporting across PR capabilities within WF WFCO
- Conduct annual performance evaluations and have daily huddles / monthly connects with the team members as per the Cadence guidance in line business requirements
- Leave management and workforce management
- Maintained attrition within threshold % in my current people management role
Assistant Manager (IC cum Team Manager role)
Tata Consultancy Services Ltd
05.2016 - 02.2019
- Responsible for managing CDD/KYC teams for multiple regions (A team of 15 members lead by 2 Team Leads)
- Responsible for meeting customer expectations and KPI standards for the overall team
- Interfacing with Client Liaison Group, Compliance, Front Office and Relationship Managers where applicable especially on matters that involve escalation of pending and ageing profiles pertaining Low/Mod/High risk CDD/KYC profiles
- Work in tandem with the Quality Control team to ensure overall high quality profiles emanating from the team and address quality issues to meet the established performance standards
- Ensure the Weekly, Monthly, Half yearly and annual reviews are completed and that the feedbacks on these documents are in line with the areas of development and the performance scores
- Ensure implementation and adherence to audit and compliance requirements and proactively highlight potential issues to the management
- Ensure zero operational / reputational loss
Senior Analyst (SME role)
HCL Technologies Ltd
09.2014 - 04.2016
- As part of Client On-Boarding Team I have done end to end robust KYC due Diligence for all kinds of Investment Banking clients/entities for various regions like USA, UK,HK, Frankfurt etc
- Performing additional Due Diligence activities like Quality checking while validating the Data migration files for USA, UK, HK, Frankfurt regions
- As part of PCR Reverse Check Project, I have a sound knowledge in Investigating & Remediating Norkom alerts on EDR / Non-EDR basis
- Additionally, I played a role of Single point of Contact (SPOC) for all Client interface activities
- As part of the Data Migration Projects I have delivered various responsibilities like, File Validation, Quality Check, Process Documents Creator, Process Updates Circulation and Having Direct interface with On-shore Clients for Process Queries and other Policy related updates
Senior Officer
Scope International Pvt Ltd
01.2011 - 09.2014
- Initially performed in Preparation of KYC & Execution of Customer due diligence for Corporates clients
- Manage end to end CDD Process – Renewals, Fresh on-boarding, Trigger Reviews Ensure accurate maintenance of CDD static data
- Maintain CDD rejection rates within SCB Group’s agreed threshold
- Preparation of Group Introductory Certificate (GIC) for corporate clients to avail products like Buyers‘ credit, External Commercial Borrowing (ECB), OBU Loan disbursement, Financial Market Operations (FMO) to various SCB offshore locations as per the local country requirements and SCB Group standards
- Well versed knowledge in handling Norkom, Adverse Media check, PEP screening and UAE black listing search as part of the CDD execution
- Ensuring all regulatory requirements are met and the integrity of relevant documentation
- Onboard clients in a timely and professional manner
- Periodically Review client documents and ensure conformity to KYC and AML standards
- Responsible for quality assurance as it relates to compliance/AML functions including documentation reviews, data reviews etc
- Handling the queries raised by Compliance team / Credit Risk Committee towards the approval of cases in BOWB.
Senior Financial Analyst (Accounting Operations)
Scope International Pvt Ltd
08.2008 - 01.2011
- Responsible for making payments to Malaysia vendors as agreed in SLA
- Handled and managed Malaysia Accounts Payables and Forex Payments with WHT & Non-WHT
- Performed Deal booking for foreign currency payments and remitting into vendor’s bank account
- Reconciliation of Control Accounts for Inter Companies Handled Pay cycle Activity and tackling customer queries regarding payments
- Managed the whole gamut of activities pertaining to reparation and posting of Journal Entries and Preparing month-end reports Handling PO matching issues & Technical issues in PeopleSoft, S2B, File Net etc
- Entrusted with the responsibilities of preparing MIS reports, Billing File and Dashboard for Country Finance.
Senior Officer - Process
Siemens Information Processing Svs. P Ltd
03.2024 - 03.2024
- Post Office Banking Process: Siemens, Chennai performs back office operations for National Savings & Investments (NS&I) UK project
- To process client’s financial information and analyze it to clarify queries To process payments for sales & payments issued by NS&I
- To handle client’s change of registration for the accounts with NS&I
- Respond and reply the queries from the vendors as well as from the country finance within given TAT always with the proper solution/feedback
- Handle day to day operation of the team
Audit Assistant
Kawrat & Jain, Chartered Accountants
08.2024 - 03.2024
- Inter Audit done for Sole Proprietor Concerns & Corporate companies To prepare Financial Statements (Trading A/c, P&L A/c and Balance Sheet) for Sole Proprietor Concerns Responsible to prepare the Bank Reconciliation Statement (BRS)
- Filing the IT Returns for clients
Education
Bachelor of Commerce -
Thiruthangal Nadar College
Chennai, India04.2004
MBA - Finance
Pondicherry University
Twinning Programme With Loyola, Chennai12.2008
Business Communication Skills Course -
British Councli
04.2012
AML-KYC Certification -
Indian Institute of Banking & Finance
09.2013
Certified Specialist in Correspondent Banking -
International Compliance Association
10.2016
Level 1 – Enterprise Risk Management -
Institute of Risk Management
11.2022
Skills
- Knowledge of AML/KYC Regulations
- Financial Crimes Operations
- Risk Assessment & Management
- Quality Assurance
- Process Migration
- People Management
- Stakeholder Management
- Workplace Learning & Performance
- Performance Review Evaluations
- Critical Thinking
- Process Automation/Reengineering
- Data Analytics & Metrics Reporting
Accomplishments
❖ Awarded as Wells Fargo Champions during Q3 2020, Q3 2021 & Q1 2024.
❖ Process Efficiency Projects
❖ Successfully implemented 5 Idea Projects - Standardization of Quality DB, Developed PR Productivity Tool to track Production / Quality / Scorecard for all the team members (95 FTE’s) within WFCO PR capability, Reduction of NVA in Screening process within WFCO PR Capability and Capacity Optimization.
❖ Built various innovative MIS Metrics for an effective reporting and received appreciations from the onshore stakeholders.
❖ Playing a pivotal role in my portfolio, being a primary Spoc on many critical deliverables.
❖ Governance Lead as part of Idea & Innovation and Risk Management pillars representing at Chennai site level.
❖ Chair Person in the Employee Impact Team at Chennai site level.
Personal Information
- Father's Name: Ganesan K
- Date of Birth: 04/04/1984
- Nationality: India
- Marital Status: Married
- Languages: English & Tamil
Disclaimer
I hereby declare that the above particulars are true and correct to the best of my knowledge and belief and in the event of any information being found false or incorrect, my candidature will be liable to be canceled.
Timeline
Audit Assistant
Kawrat & Jain, Chartered Accountants
08.2024 - 03.2024
Senior Officer - Process
Siemens Information Processing Svs. P Ltd
03.2024 - 03.2024
Due Diligence Associate Manager (Sr. AVP)
Wells Fargo International Solutions Private Limited
02.2019 - Current
Assistant Manager (IC cum Team Manager role)
Tata Consultancy Services Ltd
05.2016 - 02.2019
Senior Analyst (SME role)
HCL Technologies Ltd
09.2014 - 04.2016
Senior Officer
Scope International Pvt Ltd
01.2011 - 09.2014
Senior Financial Analyst (Accounting Operations)
Scope International Pvt Ltd
08.2008 - 01.2011
Bachelor of Commerce -
Thiruthangal Nadar College
MBA - Finance
Pondicherry University
Business Communication Skills Course -
British Councli
AML-KYC Certification -
Indian Institute of Banking & Finance
Certified Specialist in Correspondent Banking -
International Compliance Association
Level 1 – Enterprise Risk Management -
Institute of Risk Management
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