Open to opportunities

Rakesh Mahenderkar

@rakeshmahenderkar

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Experienced KYC/AML professional with a focus on compliance and risk management.

India

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What I'm looking for

I am looking for a role that allows me to lead compliance initiatives and foster a culture of regulatory excellence within a forward-thinking organization.

With over 17 years of experience in KYC and AML, I specialize in new client onboarding, KYC remediation, and compliance monitoring. My career has spanned various sectors, including investment banking and asset management, where I have successfully led initiatives to mitigate risks and ensure adherence to regulatory requirements.

In my current role as Team Manager at UBS, I oversee a team of 12, managing the end-to-end KYC process and ensuring compliance across multiple regions. My previous experiences have equipped me with a deep understanding of KYC operations, regulatory audits, and cross-department collaboration, allowing me to drive efficiency and accuracy in client risk assessments.

I am passionate about leveraging my expertise to enhance compliance frameworks and contribute to organizational success. I thrive in dynamic environments where I can lead teams and implement strategic initiatives that align with regulatory standards.

Experience

Work history, roles, and key accomplishments

Authorized Officer

UBS Business Solutions India Private Limited

Aug 2021 - May 2025 (3 years 9 months)

Managed a team of 12 FTEs, ensuring efficient task distribution and deadline adherence for end-to-end KYC periodic reviews. Reviewed low, medium, and high-risk clients across AMER, EMEA, MENA, and APAC regions, ensuring compliance with UBS's AML/KYC regulatory requirements.

KYC AML

Associate Manager Operations – BPS

Tech Mahindra Ltd

Jan 2019 - Jul 2021 (2 years 6 months)

Led a team of 8 FTEs, managing operations and performance metrics for the KYC remediation project with Bank of Nova Scotia. Completed the CRR process, conducting due diligence, assessing risk levels, and setting compliance review dates.

Operations Management Performance Metrics Subject Matter Expertise

Lead Analyst (Team Lead)

Wipro Ltd

Apr 2017 - Jan 2019 (1 year 9 months)

Managed a team of 12 members, overseeing KYC Remediation and Periodic Review for Citi Bank, focusing on NAOF and Parent Uplift. Led a team of KYC operation analysts, providing cross-training, continuous feedback, and conducting regular performance evaluations.

Team Leadership

Process Specialist

Cognizant Technologies Solutions India Pvt. Ltd

Jul 2014 - Apr 2017 (2 years 9 months)

Contributed to KYC Remediation projects for UBS and RBC, ensuring compliance with regulatory standards. Participated in AML Transaction Monitoring for Oriental Finance Group, identifying and escalating suspicious activities.

Transaction Monitoring Regulatory Compliance Data Analysis Risk Mitigation

Process Supervisor

Deutsche Bank of India Global Services Pvt. Ltd

Dec 2012 - Jul 2014 (1 year 7 months)

Responsible for KYC/KYI clients for the Asset Management team, performing due diligence for KYC Periodic Review and New Client Adoption. Served as the central point of contact for Front Office and internal stakeholders regarding client onboarding queries and status updates.

KYC Due Diligence Onboarding Quality Assurance Stakeholder Management

Sr. Compliance Analyst

Franklin Templeton International Services (India)

May 2007 - Dec 2012 (5 years 7 months)

Managed KYC processes, including remediation, updates, and onboarding for high-net-worth clients, ensuring data accuracy and compliance. Monitored AML transaction alerts, investigating and flagging transactions based on customer profiles and specific criteria.

KYC Onboarding Data Validation Compliance

Education

Degrees, certifications, and relevant coursework

Osmania University

Bachelor of Commerce, Commerce

Completed a Bachelor of Commerce degree, focusing on fundamental business principles and practices. Gained knowledge in areas such as accounting, finance, and economics.