Tushar V Limaye
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This document contains a summary of a senior professional with nearly 12 years of experience in risk management, fraud investigations, credit underwriting, and compliance. The professional has worked in leadership roles at several major banks and financial institutions in India and has expertise in fraud control, credit underwriting, business development, auditing, and compliance. They currently work as a Business Development Manager focusing on non-resident Indian business and have experience initiating collaborations and marketing initiatives to source business globally.
Tushar V Limaye
- 1. TU S H AR V LI M AYE E-Mail: tushar80in@yahoo.com / tushar80in@gmail.com Mobile: +91-9900255687 Senior Level Professonal Fraud Control, Credit Underwriting and Business Development Result-oriented, Proactive and Innovative Professional with nearly 12 years of Risk Management, Fraud Investigations, Strategic & Governance Process Review & Control, Credit Underwriting, AML, KYC and Compliance. Location Preference: Bangalore, Singapore and Dubai P R OFI LE S U M M AR Y ~ Strategic Planning ~ Fraud Control, Fraud Monitoring & Analysis ~ Credit Underwriting ~ Business Development ~ Policy Drafting ~ Audit & Compliance ~ Relationship Management ~ Investigations & Operations Risk ~ Training & Team Building Incisive experience in implementing, formulating and streamlining operational policies & procedures; investigating internal and external fraud, identification of personnel who committed grave acts of negligence, fraud or abuse that may result to revenue losses Keen understanding & significant experience of risk identification, analyze and mitigation Capability to provide insight & strategic input for managing and facilitating the effective development and delivery of outstanding internal audit & review and compliance related services Excellence in prevention and detection of possible fraud and other risks, such as potential exits and excessive credit Skilled in managing, monitoring, and coordinating fraud risk management projects for credit and debit card products An eye for detail with expertise in reviewing, analyzing and identifying indicators of potential money laundering An enterprising leader with outstanding interpersonal, analytical, relationship and team building skills OR GAN I S ATI ON AL E XP E R I E N CE PNB Housing Finance Ltd., Bangalore Since Sep12 Growth Path: Sep12 Apr15: Zonal Manager - South Zone Fraud Control Unit Since Apr15: Business Development Manager - NRI Business Role: As Business Development Manager - NRI Business Shouldering the responsibility of sourcing NRI business through channels and allocating them across the branches Acting as single point of contact for NRI business Supervising recruitment of Connectors and DSTs across branches for sourcing NRI business Initiating: o Collaborations with builders and other sources for procuring business across all zones and globe for NRIs o Marketing initiative across all zones Liaising with all branches across PAN India for disbursements and APFs for NRI business Giving inputs and other detailings for re-drafting policy on country specific issues on NRI business Coordinating with all zones, hubs & branches across for controlling smooth customer service delivery for NRI business Participating in establishing: o Distribution for acquisition of NRI business across all the zones o PNBHFL branches abroad As Zonal Manager - South Zone Fraud Control Unit Worked in the capacity of Zonal Manager for Fraud Investigation Process of loan applications for mortgage loans across South India covering Karnataka, Telangana (AP), Kerala and Tamil Nadu Supervised implementation of property document checks across locations as a new project and discovered higher fraud hit rate the first in any HFC across Organized all MIS related to support function and acted approved & processed vendor bills as member of the team Coordinated with: o Vendors & sourcing channels and provided training to sales & credit resources o Law Enforcement Agencies for fraud reported cases Reconnoitered internal fraud cases and conducted interview with the concerned staff & other related teams Conducted fraud monitoring and analysis on data available across market Performed:
- 2. o Internal audits of vendor bills and highlighted issues related to non-compliance o Cross-checking of FI, Legal & Valuations for any window dressing or inflation of the rates Rendered support for internal/external audit & compliance team on manpower audit Inspected and got feedback related to the companies and individuals using available tools & contacts Limited settings basis on the investigations Scrutinized & prevented frauds by achieving higher standards in sampling and experiential diligence across products Supported credit underwriting team to make the necessary decision basis on the market and peer bank feedbacks Managed seeding and mystery shopping Accomplishments: Attained notional saving of INR 200 Crores with a team of 4 Officers through sampling and cross-checking of assets initiatives Played a key role in representing South Zone and displayed the data to higher management of the zone; which enabled easy decision-making for important matters including identifying the loop-holes in the document process and flow Successfully implemented: o Property document checks at South and received accolades for implementation o Property and legal document checks at Bangalore and reported highest frauds in this category Bagged award for: o Initiating the audit check process & implementing the same at PAN India branches in 2008 o Detecting, investigating & recovering a vintage Home Loan fraud account in Jun09 o Detecting, investigating & recovering a current account fraud case in Sep09 Pivotal role in developing excellent network with law enforcement agencies and taking action against the perpetrators in attempted & confirmed frauds Merit of receiving: o Promotion to Manager II at PNBHFL within 1.5 years of joining, as against the basic requirement of 2.5 years for promotion o Accolades from credit & collections team for proving valuable inputs through market information with reference to credit policy decisions o Award for helping other department to coordinate with law enforcement & early alert against the threat to the top brass employees o Award for unearthing the internal fraud done by employees o Appreciation for implementing checklist on reporting process o Appreciation from National Manager for identifying a syndicate mortgage fraud and filing the police complaint resulting in arrest of syndicate members o Appreciation from Business Head for initiating the reporting process directly from vendor to the internal team o Accolades for achievement of higher fraud hit rate of 3.9% across locations, month-on-month HDFC Bank Ltd., North Karnataka at Hubli as Location Manager Risk Intelligence and Control Department Jan12 Sep12 Covert Management Services Pvt. Ltd., Karnataka, Bangalore as General Manager - Operations & Business Development Jun11 Oct11 Hong Kong & Shanghai Banking Corporation Ltd. (HSBC Bank), Bangalore Jan08 Jun11 Asst. Manager, Fraud Investigations & Recoveries - Karnataka & Kerala HDFC Bank Ltd., Davangere, Hubli, Mangalore, Karnataka as Asst. Manager-Retail Asset Credit Risk UnderwriterJan06 Jan08 Role: Created Customer Appraisal Memorandum (credit underwriting for Personal Loans, Auto Loans ) Conducted personal discussion for high value cases for LAP, Home Loans & SME Advances Maintained the TAT for all the cases of underwriting and delinquency trend Imparted trainings to: o The Sales Team on KYC & other income documents to minimize the discrepancy & for smooth flow of the disbursal of the case o Operations Team for collecting documents & submission of the same to the HO o Collections Team on the ethical collections & charting of the RBI guidelines on payment assistance systems Managed fraud analytics & default analysis by monitoring fraud transaction trend and suggested change insystem & policy for locations Rendered assistance to local operations & collections team Scrutinized early mortality rate and new local welcome calling process to bank customers Performed audit for external agencies Prepared and provided critical MIS to management on all aspects of the retail assets process for the region
- 3. GE Capital Business Process as Executive Payment Assistant Oct03 May04 & Oct04 Dec05 E DU CATI ON Pursuing PGDBA from Symbiosis, Pune B.Com. from ASP College of Commerce, Bijapur, Karnataka University, Dharward in 2001 P E R S ON AL DE TAI LS Date of Birth: 25th July 1980 Address: 105/F1 Balaji Nest, 5th Cross, 3rd Main, Grihalakshmi Layout, Basweshwarnagar, Bangalore 560079 Languages Known: English, Hindi, Kannada & Marathi Location Preference: Bangalore, Singapore and Dubai Note: Please refer annexure for trainings and IT Skills. ANNEXURE TR AI N I N GS Anti-Money Laundering Compliance & Reputational Risk Operational Risk Striking Out Fraud Bookkeepers Fraud, Signature Verification Corruption Prevention Fighting Dirty Money SOX Audit Introduction & Basics Training in HSBC I T S K I LLS Proficient with Microsoft-Office and Operating Systems like MS 9X, XP & 2000 Gained knowledge of: o Mainframe Systems like Vision Plus, CACS, Whirl, Omni-flow, Falcon & Instinc, Banc Mate & ATS o CRM, Finn One, Fin-ware & Flex-cube