Shubham Barat

Experience

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  ICICI Bank

  Jun 2005 - Aug 2010

  Regional Risk, Audit and Training and Branch Operations Manager

  • Handling a total Branch of 9 In Jamshedpur Cluster – Jamshedpur Main Branch, Sakchi, UCIL, Dhanbad, Bokaro, Chas, Katras, Giridih, Chaibasa.• Monitoring of AML activity in the cluster branches and reporting for any violation to corporate office and Internal Audit Team as well as HR.• Providing Training on Compliance and Audit for all the staff members for the cluster branches and do an evaluation for the same and publishing the improvement chart on weekly basis based on the training conducted.• Co-Ordination and follow up for Corporate report and returns with the branches e.g Form 60 on half yearly basis, XOS, BEF Returns, Cash Shortage/Excess etc• Responsible for timely completion of SOAX Testing and SOAX Walkthrough activities in the branches and auditing the same.• Conducting regular training at Kolkata, Ranchi and Jamshedpur on Balance Score Card, Audit & Compliance as well as for Branch Banking Knowledge.• Regular monitoring of Office account pending entries for the East Zone, Collating data from Finacle and publishing the same for Branch wise, Cluster Wise, Region Wise, Entry Wise with remarks. Also regular follow up for reversal of entries.• Conducting Surprise Audits for other Cluster Branches as per communication from CSBB dept• Conducting special training programs for the Danger Zone branches for other clusters as per communication from Zonal Office.• Monitoring of Security, Licenses, Agreements, Risk in the branches and suggestion to Corporate Office for any changes.• Checking the RBI compliance, IT Dept Compliance, SEBI, IRDA Compliance in the branches.• Cash- Opening and Closing, Remittance, Security Concerns• Trade- Issuance of BG/LC• Locker – issuance of lockers, recovery of rent, break open etc.• Forex – Issuance of foreign currency/Travelers Cheques/Travel cards• Forex – Monitoring of Audit and Compliance guidelines for Forex Show less

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  IDBI Bank

  Aug 2010 - Sept 2017

  Centralised Processing Unit and Digital and Tab Banking at IDBI Bank

  Central Processing Unit, Mumbai (Aug 2010 till date):Responsibilities: Account Opening and Post Account opening Activities• Handling the KYC, AML and Risk Profiling of Retail and Corporate customers for Current A/c, Savings Ac, salary Ac, NRE A/c, Small A/c etc.• KYC includes the Document Checking and verification of Public limited, Private Limited, Partnership, Trust, Proprietorship firm LLP, EEFC, FCRA and individual accounts. checking of compliance for accounts opened and following up with the branches for the same• Handling the account opening and miscellaneous activities of 180 branches of Mumbai, Pune, Gujrat and Maharashtra region. Handling a daily volume of 2000 accounts.• Involved in developing the FATCA framework and implementation for the Bank.• Training for KYC & AML, Digital Banking to the new recruits • Addition/ deletion/ modification of name of the customer, address, mode of operation, signature, authorized signatory, contact details and many other important details of customers, nominee details, applicants in existing accounts• Settlement of deceased claims• Addition/deletion of Mode of operation for company accounts, Change of SOL ID/ Change of Scheme code, Updation of Aadhar Card / PAN Card, Merger of Customer IDs, Mandate, Power of Attorney, Beneficial Owner updation, Minor to Major updation, Debit card indention, linking / delinking, Updation of statement/ passbook, Mandate pre-closure updation• Co-ordinating with the Branches for Clearing the rejected requestsProject: Scan Based Account Opening and TAB Banking: I have implemented Scan based Account Opening as welI as TAB Banking (SBAO- Digitalization of processes, CPU) PAN India in 1850 Branches. I am the key official in implementation of PAN India transformational change of entire traditional account opening and allied processes in CPU through digitalization with the outsourcing Vendors as M/s KARVY, M/s Datamatics and M/s Newgen and Intech Ltd. Show less

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  YES BANK

  Sept 2017 - Jul 2021

  Product and Process Manager

  Liability Product ManagementFramework / Process finalization for the Product - channels to take action on Regulatory requirements• Ensure all checks and balances are in action in the existing Products & processes to meet regulatory requirements along with having proper risk controls• KYC & AML Guidelines• Account Opening & Maintenance• FATCA / CKYC Guidelines• Other Regulatory Guidelines• Ownership of Regulator Communications (as relevant) / Master Circulars / BCSBI Guidelines• Timely Assessment & prescribing relevant process changes / writing processes in response to regulatory notice / policies• Regular Review of KYC / AML policy basis the guidelines received from RBI• Addition of new documents into KYC / AML policy depending upon the kind of documents available in various states• Daily Monitoring & publishing details captured incompletely into the system at the time of Account Opening• Weekly Monitoring Of Mandatory fields updating in new accountsMonitoring Outstanding Query and discrepancy • Daily approvals / query resolution on account opening, giving clarity on the documents in consultation with Compliance• Working with NOC & Branches to come out with common minimum adherence/check at document level• Review & update of Compendium for accounts & release through system• Review of Deliverables (TAT / Content) & identifying gaps for necessary correction• Monitoring RCA of TOP 10 reasons of delay• Initiate process changes if warranted• FPR of Customer Escalations• Competition Benchmarking on important processes - Quarterly Assessment & Actionable• Monthly review of Customer communications (E-Statements / SMS alerts) (effectiveness, new methods, competition capabilities etc)• TAT Monitoring for important deliverables across product parameters (Account Opening / Instruction processing / Customer Communication etc)• FAQ Built Up & Release to Branches• Design and facilitate content development Show less

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  HDFC Bank

  Jul 2021 - now

  Process and Product Manager, Government and Institutional Banking