Summary
Overview
Work History
Education
Skills
Accomplishments
Languages
Personal Information
Timeline
Generic
Chanpreet Singh

Chanpreet Singh

Bangalore

Summary

Dynamic Vice President at Wells Fargo with a proven track record in risk management and compliance. Expert in developing effective controls and enhancing audit processes. Strong interpersonal skills and Six Sigma Green Belt certified, driving results in complex problem-solving and project management. Committed to ensuring adherence to BSA AML regulations and fostering a culture of compliance.

Overview

16
16
years of professional experience

Work History

Vice President, Independent Risk Management

Wells Fargo
Bangalore
01.2018 - Current
  • Lead the team of specialists and senior specialists for execution of a risk-based Financial Crimes audits to ensure compliance with the applicable laws and regulation.
  • Conduct robust risk assessment audits to identify risks and key internal controls that mitigate identified risks.
  • Design and assessments in accordance with established corporate guidelines.
  • Ability to understand and interpret impact of policy and procedural changes, as well as ability to identify and convey to team and in-flight impact.
  • Flexibility i.e., ability to independently lead and manage teams for reviews as necessary.
  • Proven leading engagements experience and leadership skills necessary to successfully administer and review the core of audit engagements and effectively coordinate with team, review managers, and engagement coverage leaders.
  • Responsible for the identification of Compliance Risk/Financial Crimes Risk, strategic development of controls needed to mitigate those risks as well as develop oversight processes needed to ensure that controls are effective and sustainable.
  • Review and provide guidance to help the team in planning and scoping the audit plan, assess the Design and Performance of controls established by business.
  • Strong ability to manage multiple projects simultaneously to work autonomously to initiate and prioritize own work.
  • Partner with legal, policy and regulatory compliance teams to assess new, emerging risks affecting the business.
  • Identification of root cause, Impact of issues related to non-compliance with regulatory requirements and communicate findings to business.
  • Development of appropriate audit scripts that assess the design and performance of the control structure and environment; test the existing controls to ensure they are functioning as intended and review of testing results to ensure proper treatment and escalation of Identified issues.
  • Building and managing effective and cordial business relationships with Compliance leaders, Risk Partners, and key stakeholders from Business to remain informed of risks within the business and issues arising from audits.
  • Organize and prepare management Information relating to audits completed, Issues identified, outstanding action plans and progress against plan.
  • Propose solutions and help process owner develop corrective action plan (CAP), ensuring that CAPs adequately address the issues/risks.
  • Ensure high quality Work Papers and Documentation from the team Monitor test progress and CAPs from reviews performed by the team.
  • Ability to make independent decisions on critical items and effectively manage complex or multi-functional compliance projects / assignments.
  • Develop key metrics, management reporting and monitoring of testing engagements status to report results to key stakeholders.
  • Acting liaison for internal QC and external QA audits.
  • Have a proven track record of formulating and developing effecting training programs for new Joiners and gaining buy-in from senior managers for independently tracking record of their work execution process/delivery/improvements.
  • Strong familiarity with BSA AML Regulations.

Senior Associate, Internal Audit

PriceWaterHouseCoopers
Bangalore
01.2016 - 01.2018
  • Assisted Internal Audit department of various Global Banking Institutions with the Anti-Money Laundering (AML) Validation projects including planning, fieldwork and reporting throughout the audit/consent order validation Lifecycle.
  • Responsible for examination of design and effectiveness of controls, rafting identified reportable Issues provided recommendations to enhance the control environment of complex business processes.
  • Responsible for leading walkthrough, weekly project status calls with the end client includes issues Identified, root cause, Impact assessment and severity rating for each issue.
  • Maintained and fostered strong relationships with the end Client/Senior Leadership.
  • Assisted management in achieving business objectives, by developing audit plans that did not only evaluated, but also improved the effectiveness of risk management, controls, and governance processes.
  • Ensured 100% compliance with applicable laws and regulations, by identifying and promptly notifying management of any potential regulatory and policy violations.
  • Coordinate Risk and Control Assessment ["RCA") including set scope, identify material risks, assign risk prioritization, identify, and assess effectiveness of key controls.
  • Build relationships and interact with process and control owners to maintain current knowledge the operations and business, organizational and/or technological changes impacting operational risk and internal controls.
  • Assist examiners in identifying and documenting gaps in process to assist the business units with departmental and compliance efforts and responsible to work with the examination team and business units to ensure accurate and timely implementation of corrective action plans.
  • Assist business/function management in establishment of ‘end to end' ownership of operational risks, controls, and processes.
  • Enhances management reports, metrics, and operational reports to include Key Risk Indicators, Key Performance Indicators, trends, and analysis.

Management Trainee, Quality Assurance

Genpact
Bangalore
01.2014 - 01.2016
  • Communicated with the AML Partners (Client's AML Advisory, AML Legal Counsel) and across jurisdictions throughout the duration of an investigation.
  • Business Continuity: Managed potential and real situations that may cause disruption to operations and invocation of business continuity plans, including implementation of a robust business recovery strategy comprising an impact analysis, contingency plans and testing and with consideration to critical parties and vendors.
  • Responsibilities also Include facilitation of mandatory business continuity awareness and escalation of business continuity risks. Ensure risk and control documentation is clear, comprehensive and in accordance with internal and external standards for business to always 'Audit Ready'.
  • To implement the Group compliance policy locally by containing compliance risk in liaison with the Head of Group Compliance, Global Business Compliance Officer, Area Compliance Officer, or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture.

Senior Team Member, Client On-Boarding

JP Morgan Chase & Co.
Bangalore
01.2010 - 01.2014
  • Completed projects pertaining to client reviews, such as periodic reviews of client activity, reviews of high-risk clients.
  • Worked hand in hand with department heads to develop and implement policies and procedures for a new AML/KYC/Client On-boarding structure.
  • Manage risk-based monitoring for unusual activity, including detection, investigation, suspicious reporting to law enforcement agencies, documenting the file with supporting documents, deciding either to close the account or continue monitoring.
  • Treasury Services & Commercial Bank Client On-boarding: Reviewing the Treasury Services & Corporate Banking Account Opening/On-Boarding documents.
  • Examination of the existing terms of client with JPMC and reviewing the negotiated Account Opening Terms & Conditions, Client Identification Documents, Legal Incorporation documents and KYC and AML related documents.
  • Undertake internal control monitoring including develop monitoring plan, monitor progress against plan, execute control monitoring, report results, develop action plans and oversee remediation, and challenge procedures covering areas under review.
  • Analysing and reviewing the documents for client’s payment instructions including the overdraft and blocked account agreement and giving the Client’s SSI instructions for the various downstream OFAC and payment teams across JP Morgan.
  • Fraud: Manage fraud risk assessments, monitor the effectiveness of controls related to identified points of fraud risk vulnerability, and ensure remediation of those deemed ineffective or deteriorating.
  • Ensure employees are properly trained in fraud risk awareness and facilitate reporting of confirmed/suspected fraud.
  • Supports the business/function in its management of operational risk appetite, ensuring business/function operates in compliance, with operational risk framework and standards.

Education

BBM - e-Banking& Finance

Manipal Academy of Higher Education
Manipal, Karnataka, India

Skills

  • Results-driven and detail-oriented
  • Change management
  • Adaptability
  • Multitasking
  • Decision making
  • Project management
  • Interpersonal skills
  • Complex problem solving
  • Data analytics
  • Lean methodology
  • Six Sigma Green Belt certified
  • IT controls testing
  • Business requirements documentation
  • Functional requirements documentation

Accomplishments

  • JP Morgan Chase & Co.
  • Great Individual Idea Award 2011
  • TOP Individual Award 2012
  • Individual Performance Award 2013
  • Quality Award 2014

Languages

  • English
  • Hindi
  • Punjabi

Personal Information

  • Date of Birth: 08/15/87
  • Nationality: Indian
  • Marital Status: Married

Timeline

Vice President, Independent Risk Management

Wells Fargo
01.2018 - Current

Senior Associate, Internal Audit

PriceWaterHouseCoopers
01.2016 - 01.2018

Management Trainee, Quality Assurance

Genpact
01.2014 - 01.2016

Senior Team Member, Client On-Boarding

JP Morgan Chase & Co.
01.2010 - 01.2014

BBM - e-Banking& Finance

Manipal Academy of Higher Education

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Chanpreet Singh