Regional Compliance Officer South Asia
MoneyGram
مجموع سنوات الخبرة :17 years, 2 أشهر
Responsibilities
• Registered as an Alternate Principal Compliance Officer for MoneyGram with Financial Intelligence Unit Of India
• Policies & Procedures
- Develop & Maintain Market specific compliance policies and procedures and ensure that they remain up to date to minimize compliance or regulatory risk
- Communicate the essential regulatory changes in India to Senior Management and to relevant business unit
• Agent Risk Management Program
- Performing Transaction Analysis of the high-risk agents
- Visiting the high-risk agent location and verifying the KYC documentation collected by the agent for the transactions processed
- Submitting the findings report to the Management and Super Agents for necessary action
• Agent Onboarding
- Verifying the policies & procedures of the Agents
- Verifying the documents submitted by the Agents
- Verifying the documents submitted by the sub agents appointed by the Agents
• Suspicious Transaction Reports (STR) & Cash Transaction Reports (CTR)
- Verifying the Ground of Suspicion for the suspicious transactions identified by the back-office team
- Advice the back-office team if any corrections need to be done for Ground of Suspicion for the suspicious transactions
- Identifying cash transaction more than 1Million INR by receiver
- Filing the STR & CTR with Financial Intelligence Unit Of India
• Law Enforcement Request Management
- Analyzing the Law Enforcement Request that are received from various law enforcement agencies like Financial Intelligence Unit Of India, National Investigation Agency of India, Anti-Terrorism Squad, Crime Branch, State Police
- Collating the data and forwarding the data to law enforcement agencies
• Training
- Providing Compliance training to the Agents as well as sub agents.
Develop & Maintain India Market specific compliance policies and procedures and ensure that they remain up to
date to minimize compliance or regulatory risk
* Communicate the essential regulatory changes in India to Senior Management and to relevant business unit
* Preparing and updating of Obligation Register, assessing the inherent risk for the obligation, assessing the controls
related to obligation
* Performing various compliance testing like
- Monitoring account opening report for newly opened account
- Performing enhanced due diligence for those accounts, whose transaction are more than USD 100K in a
month & approving the accounts for continuation
* Working with Regional Compliance colleagues to implement annual Compliance goals for India
* Actively participating in India specific projects
* Conducting UAT for the compliance related system projects
* Handling the external audit
* Develop training material for various compliance training
Compliance (Private Banking)
Société Générale Bank is a leading player having presence over 33 countries across Europe, the Americas and Asia-
Pacific.
Responsibilities
* Verifying all forms, supporting documents submitted by clients and ensuring their completeness and genuineness
* Performing various checks to verify further details to support the profiling of the client as per KYC norms
* Dealing with lawyers/regulators and investigating of cases of non-compliance of Group Policy, internal fraud and
commercial disputes involving collusion with clients
* Preparing and updating the Compliance Portal with latest development in regard to Compliance functions, policies,
procedures and various guidelines issued by Regulatory Authorities
* Monitoring Employee Trading as per regulatory & banks global guidelines
* Maintaining Various database for reference and records pertaining to Client Database, Consolidation of RBI
Defaulter list and High risk & Sensitive client database
* Performing various compliance testing (AML) like
- Daily transactions statement monitoring for suspicious transactions
- Monthly transactions monitoring including third party transfers for High risk, Sensitive & Non bank PEP
accounts.
- Investment / Product suitability checks on quarterly basis.
- Churning monitoring
- Monitoring of recorded lines of Relationship Managers to check whether the Equity sell/purchase orders
are taken on recorded line.
* Investigating Customer complaints & updating of Complaints register.
* Rendering complete support during RBI audits; Answering audit queries and positively responding to audit
observations
* Conducting compliance training (AML & Regulatory) for the staff.
Handling company secretarial functions of subsidiary company NBFC SG Wealth Management Solutions Private limited,
which includes
* Drafting notice, agenda for Board meetings, Annual General Meetings and maintaining minutes of the meeting
* Maintaining and updating statutory registers, Preparing and filing E-forms at MCA government portal online,
handling correspondence with ROC
Achievements
* Designed Anti Money Laundering tool as per regulatory requirements and received wide appreciation from higher
officials
Compliance (Stock Exchange & Correspondent Banking Group)
One of India's leading private sector bank with Pan Indian presence
Responsibilities
* Ensured compliance in terms of Anti-money laundering & KYC norms for Stock Exchange & Commodities Clients
* Designed application for getting RM feedbacks for new CASA transactions and also transaction volume of 1 Crore
& above, in order to automate the above mentioned AML & KYC processes
* Identified and evaluated major exposures to risks for the client organization and business associates and clients
* Implemented operational risk control measures and governance checks aimed at identifying financial crimes and
internal fraud
* Monitored high volume transactions, Foreign inward remittances and reported of any suspicious transactions to
higher officials to prevent fraud and mitigate losses
TimesofMoney serves both individual as well as institutional clients through its businesses of Global Money Transfer, e-
Commerce for NRIs, ePayment service
Responsibilities
* Crystallized the parameters of remit transactions booked by remitter online and ensured that the funds reach the
correct ends
* Provided complete product related correspondence to customers for all the above-mentioned money transfer
services provided to partners.
* Verify correct identity of remitter and the beneficiary in accordance with KYC norms
* Reporting suspicious transactions to compliance committee for further process
* Conducting AML training programs for the agents
Degree in Accounts & audit