Summary
Overview
Work History
Education
Skills
Timeline
Generic

Ruchi Bais

Edison,NJ

Summary

Proactive and detail-oriented professional with over 5 years of experience in financial services, specializing in KYC/AML processes, risk management, and compliance. Proven ability to collaborate with cross-functional teams to enhance security protocols, ensure data integrity, and improve customer onboarding processes. Adept at handling competing deadlines, implementing strategic solutions, and utilizing advanced analytical skills to support business objectives.

Overview

8
8
years of professional experience

Work History

KYC Analyst

The Provident Bank of New Jersey
11.2021 - Current
  • Conducted KYC and AML checks for new account openings, ensuring strict adherence to Bank Secrecy Act (BSA) and FinCEN CDD Rule regulations.
  • Enhanced the client onboarding process by streamlining KYC procedures, significantly reducing turnaround time and improving client satisfaction.
  • Performed quality assurance reviews of customer files to ensure accuracy, completeness, and compliance with organizational standards.
  • Collaborated with business units to identify and mitigate potential financial risks, addressing red flags through comprehensive customer risk assessments.
  • Prepared detailed risk analysis reports and communicated findings to senior stakeholders, facilitating timely and informed decision-making.
  • Supported AML investigations by compiling and analyzing customer financial activities, assisting in identifying suspicious patterns and transactions.
  • Established strong working relationships with stakeholders across departments to facilitate seamless onboarding and compliance processes.
  • Identified potential risks and red flags through comprehensive customer risk assessments, mitigating potential financial losses.

Client Onboarding Coordinator

MUFG Bank, Ltd.. Jersey City, NJ
12.2019 - 07.2021
  • Acted as the primary liaison between clients and internal teams during onboarding processes.
  • Maintained and updated client records, ensuring accuracy and adherence to regulatory requirements.
  • Conducted KYC and AML checks for new account openings, ensuring compliance with Bank Secrecy Act regulations.
  • Collaborated with business units to identify and mitigate potential financial and cybersecurity risks.
  • Prepared detailed reports and communicated findings to senior stakeholders, enabling informed decision-making.
  • Monitored the implementation and testing of security controls, aligning them with organizational frameworks.
  • Assisted in the preparation of onboarding documentation and ensured smooth account setup.
  • Provided exceptional client support, addressing inquiries and resolving onboarding challenges.

Finance/Project Coordinator

Harita Tech Serv (Client: Volvo)
01.2017 - 12.2019
  • Improved client satisfaction with timely updates and transparent communication throughout the project lifecycle.
  • Collaborated with stakeholders to define clear project goals, leading to consistent alignment with expectations throughout the process.
  • Managed budgets effectively, ensuring resource allocation was optimized for maximum project success.
  • Maintained accurate documentation of all projects, facilitating efficient audits and future reference.

Education

MBA - Finance

Sinhgad University Pune
Pune, Maharashtra
08-2010

Skills

  • Knowledge of KYC/AML and BSA regulations (Patriot Act, CIP, and FinCEN CDD Rule requirements)
  • Expertise in risk assessments and mitigation strategies
  • Enhanced due diligence
  • Transaction monitoring
  • AML compliance
  • Microsoft office
  • Stakeholder management
  • Client onboarding
  • Banking regulations

Timeline

KYC Analyst

The Provident Bank of New Jersey
11.2021 - Current

Client Onboarding Coordinator

MUFG Bank, Ltd.. Jersey City, NJ
12.2019 - 07.2021

Finance/Project Coordinator

Harita Tech Serv (Client: Volvo)
01.2017 - 12.2019

MBA - Finance

Sinhgad University Pune

Similar Profiles

CREATE PROFILE
Ruchi Bais