Management Quality Assurance

Anti-Money Laundering (AML) Compliance & Sanctions Governance

Qualifications Profile

Detail-oriented, versatile, and dynamic professional, offering immense expertise in laws and regulations related to anti-money laundering (AML), compliance, Wealth Management, Capital Market, and operational risk management including testing and monitoring, onboarding of clients and correspondent banking. Demonstrate excellent leadership, communication, analytical, and problem-solving skills. Fluent in English, Urdu, Hindi, and Punjabi. Well-versed in using Microsoft Outlook, PowerPoint, Excel, and Word, Actimize, Norkom, Orion, E-Originator, Fiserv Nautilus, AMLS, Toolkit, Sales Platform, Check Free, CLEAR, Mantas, LexisNexis, Bridger, Dow Jones, Bankers Almanac, Broker check, FINRA, SEC, OCC, CFTC, NFA, World check, CDC.

Areas of Expertise

-Risk Assessment and Management

-Regulatory Compliance

-Correspondent Banking

-PEP & High Risk Account Review

-Internal Control and Audit/Testing

-Strategic Planning and Implementation

-Policy Development and Implementation

-Sanctions Governance

-OFAC Compliance

-Wealth Management & Capital Market

-Suspicious Activity Report

-Enhanced Due Diligence (EDD)

-Customer Due Diligence (CDD)

-Office of Foreign Assets Control (OFAC)

-Know Your Customer (KYC)

-Anti-Corruption, Anti-Boycott, and DODD Frank Act

-AML/OFAC data validation

-Foreign Corrupt Practices Act

Professional Experience

Standard Chartered Bank – Dallas, TX

Senior Consultant November 2015 - Present

Managerial support to ensure that the Business operates in accordance with all legal and regulatory requirements and all standards relating to Anti Money laundering and sanctions, related to transaction involved correspondent banking as well as nest accounts. Preparing regulatory filing including SAR, 314 (b) and drafted disclosure document for submission to the self-regulatory organization. Created, reviewed and followed up on surveillance reports of customer financial and trading activity. Established Due Diligence and Customer Identification Program for the onboarding of new accounts

Key Highlights

Managerial Review of AML/KYC of Correspondent transactions/counter parties, beneficiaries including reputational negative media

Managerial review of nested accounts/Offshore entities/round dollars amounts and repatriation of funds

Interface with KYC Officers, bankers, legal and compliance to determine appropriate approvals to mitigate risk

Ensure Know Your Customer documentation is accurately and timely documented for each event

Prepare and present reports on projects and initiatives to senior management

Perform detailed customer analysis of products/services and accounts in client relationship for potential exit

Manage AML and sanctions risk in an integrated manner across products, business lines, and geographies

Serve as Subject Matter Expert, for reviewing and understanding customer demographic details and risk weighting elements

Continually exceeded metrics and deadlines established by Management, while taking on ad hoc projects from Global Investigative Unit.

ATM credits/debits and cash deposits/withdrawals, to determine source and use of funds

Interface with bankers to obtain information related to their client's transaction activity

Prepare Suspicious Activity Reports in compliance with established regulatory guidelines

Escalate cases to law enforcement.

Royal Bank of Canada - Toronto

Consultant AML/BSA/OFAC Compliance July 2015 – October 2015

Initiated anti-money laundering (AML) investigations and quality assurance reviews of staff-completed transaction monitoring audits, wealth Management & Capital Market. Transactional activity Review, PEP screening, High Risk Client Review, on boarding of client. Render expert leadership to clients to ensure that appropriate due diligence is conducted and expert decisions are made. Take charge of organizing and disseminating management information systems (MIS) tracking reports.

Key Highlights

Analyzed transaction activity of overseas correspondent banking transactions

Drafted due diligence and Suspicious Activity Reports when necessary

Conducted enhanced due diligence investigations of transactions examining the customer’s customer in high risk jurisdictions including wealth management and capital Market.

Assisted in bank’s conversion and integration to new software platform

Ensured significant issues identified are reported and escalated in a timely manner

Assist management in furthering regulatory relationships.

Conducted enhanced due diligence investigations of transactions examining the customer’s customer in high risk jurisdictions.

Assisted in coordination of monthly reporting metrics

Discover Financial Services

AML Investigator April 2015 – July 2015

Supported the creation of new software tools to assist with the Transaction Monitoring Program/KYC Programs including application of section 311 of the USA PATRIOT Act, and section 314a of the USA PATRIOT Act. Attended Compliance Committee meetings and prepare presentations for senior management. Initiated thorough investigations on escalated issues from AML analysts and consultants based on manual and automated monitoring referral channels to verify possibility of suspicious activity.

Key Highlights

Led the Bank Secrecy Act (BSA) functions and relevant training, policies, and compliance initiatives, which entailed overseeing all aspects of BSA and amendments to include OFAC data validation, Sanctions Governance and USA PATRIOT Act.

Coordinated with compliance manager to ensure implementation of BSA policies and risk rating and transaction monitoring and conducted enhanced due diligence KYC screening on new and existing US and non-US clients.

Managed and investigated transaction and filed SARs where required, making sure that all transactions requiring monitoring are set properly, conducting ongoing profile setting reviews, and providing recommendations for changed rules and settings.

Performed Transactional review of high risk client, engaged in PEP screening and on boarding of high risk client, keeping in view of the KYC requirements.

Identify and analyzes the areas of potential risk to the assets, earning capacity, including the key risks and mitigating factors of in terms of AML/CTF like management, product/services, geographic, customer, operational risk and reputational risks.

Citibank - Denver

Team Lead: KYC Quality Assurance Officer Mar 2015–April 2015

Administer targeted closed ticket population reviews; generate detailed summary of review results; and present results and recommended actions to the BB KYC DD team managers. Manage all aspects of Quality assurance of AML/BSA/OFAC and determine risk with reference to continuity of the business with FCB’s and Domestic partners. Directly coordinate with global business partners in balancing business strategy with appropriate risk management controls. Maintain updates of evolving regulatory changes and events impacting the business environment.

Key Highlights

Evaluated sample of completed, closed AML/KYC customer analyses, to analyze internal control, Material Quality Issue and service level performance.

Determined key issues which involved member monitoring, Sensitivity, Referral source, CSS checks, Strategic Assets and relationships, and gaps that affect internal control compliance, customer analysis quality and service levels.

Actively took decisions based on audit principles, risk management practices, verifiable data, professional standards, internal policy and governmental guidelines.

Led the implementation of regulatory requirements, departmental resources, and Due Diligence goals and objectives to identify alternatives that are effective, practical and appropriate.

Championed continuous improvement in the Due Diligence process, and serve as a change agent.

Conducted analysis and investigation on customer activity for potential AML-related suspicious activity

Documented moderately complex cases referred by Suspicious Activity analysts for potential Anti-Money Laundering related activity and makes recommendations for Suspicious Activity Reporting (SAR) to FinCEN or non-SAR.

Performed comprehensive investigation on cases which involved cash structuring, transactions concerning Bank designated High Risk Countries (HRC), wire transfers, commercial loan payments, and reports from branches regarding their customer's activity.

Accurately prepared Suspicious Activity Reports and other required reports in compliance with established regulatory guidelines and time frames.

Bank of the West Project – San Ramon

Senior Consultant AML/BSA/OFAC 2014 - 2015

Took part in audit engagements which include AML/BSA functions including risk assessments, audit planning, control evaluation, audit report drafting, and verification of issue closure. Directly coordinated with global business partners in balancing business strategy with appropriate risk management controls. Maintained update of evolving regulatory changes and events impacting the business environment.

Key Highlights:

Ensured the timely preparation and presentation of Risk reports to senior management in result of AML investigation in terms of AML/BSA and OFAC regulations.

Supported the development of Audit department policies and procedures and oversaw staff for the accomplishment of objectives and initiatives.

Ensured CDD is properly performed by the LE/LOB and EDD is applied in cases where warranted to mitigate AML/TF exposure.

Provided recommendation regarding termination of business with FCB’s in result of AML investigation.

Oversaw and facilitated the ongoing assessment of the organization's compliance risk maturity profile

Monitored quality assurance of AML/BSA/OFAC of all the investigation related to FCB’s and Domestic partners and determined the risk involved with business partners.

Supervise and trained the team for AML investigation and for screening by using LexisNexis, Bridger, Dow Jones and Banker Almanac.

Rendered effectual recommendations to the AML Financial Intelligence Function Manager regarding suspicious activity monitoring and investigations to ensure ongoing improvement and evolution of governance programs and practices in response to identified risks and/or gaps in the system.

MCB Bank Limited

Assistant Vice President – Country Coordinator Regulatory Compliance and Litigation Feb 2008–Dec 2013

Provided oversight of all compliance strategy, framework, and policies through the business function within Asia and Middle East & Europe. Coordinated with regulators regarding compliance and AML issues; including reputational and regulatory risks management. Ensured compliance with regulations in conjunction with transaction monitoring systems, wire transfer instructions, including CHIPS, Fed wire, SWIFT, and message structures and types: Bank Secrecy Act, Anti Money Laundering, Office of Foreign Assets Control, OFAC, and USA Patriot Act.

Key Highlights:

Monitored the bank’s compliance strategy framework and policies throughout the business function within the region.

Accurately reviewed bi-monthly FinCEN 314(a) issued lists for possible compatibility within the Bank's database, wire activity and monetary instrument report.

Ensured proper execution of CDD through LE/LOB and EDD is applied in cases which were warranted to mitigate AML/TF exposure.

Implemented initial assessments on new foreign correspondent banks (FCBs) and foreign non-bank financial institutions (FNBFIs).

Performed in-depth investigations to track unusual account activities, and prepared written analysis on the findings.

Conducted risk-based reviews of domestic and international operations including transactions related to AML/KYC requirements;

Design and deliver educational, training to staff and branches issued periodic, circulars and other materials to support desired organizational compliance risk management culture.

KPMG -

Assistant Manager Oct 2005–Feb 2008

Other Experience

EY (Earnst Young)

Compliance & Audit Associates May 2001–May 2005

Education

2015 LL.M, Washington University Law School in Saint Louis – Final Semester (Expected to be completed in June 2016)

2008 Master in Business Administration

2004 Bachelors in Law (LLB), Scholarship in Law

2000 Bachelor in Business Commerce

Certification

Certified Anti-Money Laundering Specialist (CAMS)

Chartered Risk Analyst (CRA)

Awards and Recognition

2012 Spot Award (3)

2009 Best Employee of the Bank Award (3)

2002–2003 Gold Medals in LL.B, Part 1 and 2 (2)

Contact this candidate