Compliance Officer
Emirates NBD
مجموع سنوات الخبرة :11 years, 0 أشهر
• Part of an ongoing Project IRIS, and also Responsible for overseeing and managing the effective operation of Compliance systems of the Group, reviewing system parameters and identifying ways in which to optimize efficiency.
• Perform end to end process of AML- CDD and ECDD, SAR Filing, investigating and reporting.
• Perform Customer Screening on customers associated with the bank and its departments, and check if their business and associations are in par with the banks policies and procedures.
• Perform the required KYC screening on new clients by documenting and corroborating the information obtained on the client as required by the global
• Utilizing KYC procedures in a variety of independent research sources (i.e. Lexus Nexus, World Check, Internal Databases, etc)
• Investigating and reporting Suspicious Activity Reports ("SAR") on suspicious activity and fraud cases associated with the bank
• Managing the effective and timely roll-out of systems and major enhancements in accordance with the Compliance Systems Roadmap.
• Responsible for managing the Group’s Compliance Intelligence capabilities (responding to queries from third parties such as regulators, law enforcement authorizes, correspondent banks etc.) and using this and other internal and external intelligence to gather trends and typologies that can be used to inform Group Policy, procedures, training material, watch lists, systems parameters, detection scenario’s etc.
• Investigating, escalating and reporting regulatory breaches, issues and concerns
• Excellent time management skills and the ability to manage competing priorities while meeting deadlines
• Prepare/ send STRs to Central Bank, subsequent update of STR register, follow-up, communicate response to Branches and ensure action taken accordingly.
• Perform AML Monitoring on Individual & Entities and report/escalate any suspicious transactions pertaining to branches and other group entities.
• Send AML queries to branches/ units and subsequent follow ups/ correspondence until the query is resolved & ensure to update/maintain a consolidated MIS accordingly.
• Reviewing Account Opening Documents received from branches and other Group entities to verify account opening documentation procedures are correctly followed in line with the documentation requirements mentioned in the compliance procedures.
• Perform customer screening for central bank requests and other law enforcement related queries. For e.g. Dubai police/CIR/CBF.
• Work closely with Financial Crime Compliance (FCC) Correspondent Banking FI Due Diligence team, trade and payment product partners to identify and investigate emerging trends and high risk transactions and activities to take appropriate measures to mitigate the risks including restriction of transactions to account closures including managing suspicious activity reporting and unusual activity reporting for the portfolio.
• Verify client applications, which are suspicious and provide remedial actions for performing verifications like company visit etc.
• Perform Enhanced due Diligence and Mandatory Enhanced Due Diligence (MEDD) on customers deemed high Risk.
• Decisions regarding transaction monitoring issues and cases wherein customer accounts / cards have been affected by suspicious or fraudulent transactions.
• KYC verification under internal black list, Central Bank black list and World Check system and reporting of suspicious customers / transactions to regulatory authorities
• Reviewing of payments, positive balances on credit cards to ensure that there are no suspicious transactions or payments from customers.
• Coordination with banks and financial institutions within the UAE regarding information sharing and investigation.
• Internally black listing customers and reporting of the same to the fraud forum, UAE.
• Perform mandatory scrutiny like World checks, Blacklist checks, public searches before providing KYC sign offs for high risk customers and escalate any KYC findings and/or negative media to senior management as needed.
• Exposure in Transaction monitoring, Monitoring of US Correspondent Banking activities, Alert/ case management, Enhanced due diligence (EDD), New Account monitoring, FinCEN 314a, 314b Information requests, Media monitoring, Referrals, Check review, KYC remediation, Training, Quality Assurance, MIS etc.
• Analyze and monitor post-execution transactions for suspicious activities that warrant reporting/escalation and subsequent filing of Suspicious Activity Reports (SARs).
• Handling KYC Referral Desk; for KYC & KYCC referral queries (with strict adherence to country Secrecy procedures) to various countries CMLPO & RM’s for further investigations.
• Improvise on the searching methodologies to suit the case requirements, relate research information & scrutinize transactional parties for money laundering possibilities or findings
• Investigation of Cases & alerts based on rule generated Detection Scenarios from Norkom TM & other sources such as Public domain, World Check TM, Complinet TM etc on the transactional parties with minimal false positive findings / duplications.
• Conduct detailed investigation that entails summarizing the suspicious transactions, performing extensive due diligence (Internet searches, Bankers’ Accuity, etc.) on the primary subject(s), originating parties and beneficiaries related to the transactions based in multiple geographies.
• Document and maintain all transaction monitoring evidences and coordinate with internal / regulatory audits, Initiate Request for Information (RFI) and follow-up with the Business Partners globally and Management as needed, Upon receipt of a request, the team conducts extensive investigation of the various suspects who were alleged to be involved in any kind of money laundering/frauds or other financial crimes.
• The team conducts extensive Enhanced Due Diligence on the customers through various tools like Regulatory DataCorp, World-Check, Google, and Lexis-Nexis, Media sources, etc and highlights the adverse findings against the suspects.
• The team also conducts investigation into the accounts by reviewing the transactions (Transaction Monitoring/Analysis) of all types of accounts maintained by the suspects.
• Coordinated and performed basic and enhanced due diligence KYC screening on new and existing US & Non-US clients, Worked in compliance with USA PATRIOT Act, Bank Secrecy Act (BSA), OFAC and UN sanctions, OCC and FATF recommendations.
• Worked in a sophisticated AML environment with the basic objective of detecting and preventing possible Money Laundering / Terrorist Financing activities/threats and thereby safeguarding the Bank’s interests, reputation and regulator & customer trustworthiness.
• Met the required high quality standard and conducted internal audit to ensure nil error finding in the final quality review and ensured that all assignments were delivered within agreed timeframes by co-coordinating among different departments/business units.
• Prepared comprehensive Reports of Findings which contained substantially adverse information, if any, that was reported to concerned authorities for decision making, advised the business units of risks including Red Flags, High Risk concerns and recommended appropriate mitigating factors for such risks.
• Did multi-tasking of other sub process by providing assistance to management, team monitoring, safeguarding the interests of both business and its customers by maintaining optimum balance and customer support.
• Analysis and preparation of loan document including Guarantee papers for every customer profile
• Authentication of various loan documents for ANZ customers in par with AML/ KYC
• Valuing the asset sent by the customer or the Broker is in par with the New Zealand personal property registrar.
• Process the request sent by the Assistant Commercial Manager (ACM) and mail back the completed Financial Documents Report within a 3 hour SLA.
• Valuating the assets as per the latest Cost price and debt amounts and date thereof.
• Prepare rental documents on assets owned by UDC.
• Settling Vendor payments of various customers.
• Do the required background check on the assets before processing the loan document in par with AML/ KYC
• Have a clear eye for details to check if information given is accurate and is in par with the banking and loan disbursement policies of the firm.
• Analysis and preparation of Audit Completion Certificate for every Clients profile
• Pull out reports depending on the year end and date mentioned in the request received through a Generic Mailbox.
• Check and cross verify previous reports with the present Financial status of the Client with help of various Applications such as Finacle, Midanz, STORQM and SIG
• Confirm the signature of the clients and also account numbers, in order to charge the Audit Fees as per FX
• Investigate the Status of the clients based on the Trade and Market reports received, upon request, and make further amendments.
• Complete the Audit Certificate as per the reports and pass the request to the checker for further investigation.
Have an eye for detail and check every information carefully and in depth.
• Work methodically and in an order.
• Send out frequent mails to Trade and Market Teams to get reports based on the 2, regarding the particular clients.
• Follow up on requests in order to complete the request by EOD.
• Work side by side on other process requests in order to complete the volumes and keep it manageable.
• Completed all Task assigned to me in TAT with an accuracy for 98%.
• Made sure the customer Documents are sent out on timely basis without any delay.
• Frequently update the team about the latest process updates from stakeholders.
• Prepare SLA sheets and send regular reports on the same
• Send regular Quality Check reports to the higher authorities of the Department
• Assign core tasks to the team member and manage the work flow.
• Cross trained staff from other teams on the same.
• Interned as an assistant to the Labour Manager in the Labour department, in Bangalore Metropolitan Transport Corporation (BMTC) • Completed a Research in The Emerging trends of Recruitment- A study based on BMTC • Submitted a Research paper about Direct tax Code and Mergers and Acquisitions
Diploma in HR, done out of choice
Grad college