Vice President - Financial Crime Compliance
CREDIT SUISSE
Total years of experience :14 years, 10 Months
Managing a team of 11 professionals across APAC \[India, Singapore, Hong Kong, Australia, Japan\] responsible for Compliance approvals.
Team Management : Monthly One on One Discussions - Yearly Appraisal - Team Mentoring/Coaching - Work Allocation - Daily/Weekly/ Monthly Call - Escalation Handling - MIS Reporting
Monitoring operational and compliance activities to ensure that they were properly executed for units within the area of responsibility.
Ensuring Client On boarding of Global Market, Investment Banking & Capital market \[IBCM\] & Asset Management Clients undertaken on a timely basis
Acting as CID/AML subject matter expert, providing direction to employees on appropriate remediation action for high risk, sanction entities, politically exposed (PEP), watch-list entities and so on in coordination with Financial Crime Compliance Specialist Team & Business Banking Managers
Ensuring compliance to anti-money laundering regulations & group standards and notifying Money Laundering Reporting Officer on any non-compliance
Quality Check to ensure appropriate documents and procedure are followed whicle conducting Due Diligence (Simplified, Regular and Enhance Due Diligence)
Point of Contact for Audit (Internal Audit- IA / Control Testing Assurance - CTA Audit) - review / walkthrough and Implementation of action plans if any suggested by audit team.
Major Accomplishments: Participated in the below Change Management Projects/ Initiatives
o FENERGO :
Nominated as Point of Contact and Train the Trainer for APAC Compliance operations, roles and responsibilities included: UAT Testing, GAP Analysis, Suggestion of possible solution and Interim workarounds, Train the wider APAC Compliance Operation team on Fenergo.
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o TARGET OPERATING MODEL \[TOM\] :
Participated in the TOM Initiative where the objective was to clear the Misalignment between the 3 lines of Defense \[ 3 LOD\]
Since the Project is very huge and requires dealing with various stakeholder it is further divided in various 3 phase.
• Phase 1&2 : GM, IBCM & Asset Management Business Lines :
o Redefined Roles and responsibilities of 1 LOD and 2 LOD and Trainings were provided to the various stake holders on the new roles and responsibilities
o Budgeting and Headcount analysis were done basis on new roles and responsibilities basis on which 7 Headcount were transferred from 2 LOD to 1 LOD.
o Phase 1 went Live in Sep 2020.
• Phase 3 : Setting up Controls for Compliance Operations \[ 2 LOD\] : Key Objectives that are covered are below
o Defining of Compliance Checks
o Designing of the APAC Quality Framework
o Customization of Tactical Solution \[ Genesis\] to capture and report KYC Quality metrics across APAC IB CCU
Due Diligence
Corporate and Investment Banking (CIB)
Key Responsibilities:
•Team Management : - Monthly One on One Discussions - Yearly Appraisal - Team Mentoring/Coaching - Work Allocation - Daily/Weekly/ Monthly Call - Escalation Handling - MIS Reporting
•4 Eye Checker - Quality Control Check for following regions: APAC, EUROPE, MEA and USA
•Perform KYC on Simple due diligence, Regular due Diligence and Enhanced due diligence. (Low, Medium and High Risk) Clients.
•Communicate to the Regional Head of AML any change in local documentary and Global CIB KYC Due Diligence requirements for AML purposes.
•Contribute to high-quality client on-boarding processes from a documentation standpoint, across all asset classes.
•Conducting research on the company’s sites, regulators, registrars, exchanges etc.
•Reaching out to business for missing and additional documents to ensure all information on profile is complete and accurate.
•Performing due diligence, through Local Black List, Lynx, Vigilance, Side safe watch, World check, Internal database on the clients to screen any negative news.
•Performing enhanced due diligence through global application.
•Analyzing the client’s Financial Statements & Annual Reports to identify the financial ability.
•Reporting/Escalating issues to MLRO, AML-Compliance team Onshore.
•Expertise in using global applications i.e. Bankers Almanac, Mint Report, Zawya, Companies House, World Check, Alacra, Bloomberg, Reuters, Banker’s Almanac, LexisNexis, D&B, & Factiva.
•FATCA Classification and reporting.
Major Accomplishments:
•Travelled to Bahrain and London for Remediation Project successfully completed the project on time
•Successfully migrated the process from London/Paris and Bahrain to Mumbai.
•Lean SPOC for Client Management Operations
•Appreciated by Global Head for Handling the migration policy and procedure and implementing the same with Mumbai Team.
Hedge Fund Administration
Business Analyst - Hedge Funds
Treasury and Securities Services
Indian and US Taxation
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courses: Certified Lean Six Sigma Black Belt from MACOBiE - An UASL UK Certified Institute •AML & KYC