Vernice Vimal T
Chennai
Summary
As a self-motivated Ambitious Individual with Strong Career Objectives Supported with High Initiative Levels, I prefer a Career Instead of a Job. A career where I can utilize my communicative, reasoning, problem solving & analytical abilities to the maximum for the mutual benefits of the both, the organization & myself.
Have a Total Experience of 20 years in Banking Industry into various units related to Operations, Audit, AML Transaction Monitoring, Screening, Ongoing Due Diligence, Quality Check, Population Analysis & Reporting and tracking. Current Designation – Due Diligence Manager [ VP Title] working in Wells Fargo since Feb 2019. Handling a Team of 60 handling managing Client On boarding and Ongoing Due Diligence International covering EMEA and APAC region as part of Financial Crime Operations, Worked as Compliance Manager in Equitas Bank handling AML Transaction Monitoring Process since April 2019 to Jan 2019. Worked as Assistant Manager in HSBC handling Team with 21 team members from 2004 to 2017 Year.
Overview
23
23
years of professional experience
Work History
Vice President
WELLS FARGO Bank
02.2019 - Current
- Responsible for leading a team of 60 members responsible for conducting International {EMEA and APAC] On boarding reviews on Know Your Customer Onboarding, Ongoing Due Diligence activity, and other financial crimes activities and processes to ensure compliance with both the USA Patriot Act as well as Wells Fargo AML/BSA policy requirements.
- Manager and monitor due diligence programs, processes and control to identify, assess and mitigate risk.
- Manage Staff on the execution of activities associated with client on boarding, Customer Update and Quality processes.
- Responsible for work distribution management, ongoing production and workflow improvement effort.
- Responsible for ensuring adherence to performance standards, evaluates performance and train/coach staff.
- Responsible for hiring and conducting interviews for external and internal candidates.
- Work with due diligence management to implement department policies, procedures, and reporting to maximize individual and team results while providing an exceptional customer experience.
- Conduct Independent analysis and challenge the outcome of the operational Risk Management Framework Tools and engaged in all the GDA requirements related to the process.
- Appraised knowledge and mentor team in all relevant processes/ upcoming trends.
- Drive/ Initiates projects to improve the Process Efficiency.
- Being a part of Governance Lead as part of Team Engagement Activities and led the Team for all the events conducted at Chennai Site Level.
- During this time, I transitioned EMEA and APAC process, migrated and managed processes of KYC/AML department with India.
- Demonstrated strong leadership trails and professional development in ensuring team members understand their accountability and responsibilities, empowering team and celebrating the results, build ecosystems of trust and care by providing consistent submission of key deliverables and received positive feedback from business partners connects.
- Based on my significant contributions and performance from 2019 to 2022, I got promoted to Due Diligence Manager [VP] from Due Diligence Associate Manager [AVP].
- I have been recognized with 4 consecutive Wells Fargo Championship Award towards Leadership and Innovation category during 2019 to 2025.
- Recognized the TM’s with Living Our Values Wells Champion/Golden Awards for their significant achievement and contributions.
- Based on the significant performance, I have driven and groomed multiple TMs in all skill aspects and promoted to next level of career path in a transparent way.
- I have successfully completed 6 Process Efficiency Idea Project which led to FTE saves for the Year 2020, 2021, 2023 and 2024.
- I have also nominated to Lead and drive On boarding CU process walkthrough with multiple forums to Transformation, Opex Partners, Business Partners and also identified and recommended few areas of improvements related to duplications of work and Process Efficiency to avoid manual efforts, time save and effective tracking.
- I extended my support to all the FCO Teams in Chennai during the difficult Covid situation in assisting them part of Laptop delivery process and also supported TMs on the EDR process enabling to WFH in a quick phase, so the regular BAU production not getting affected.
Deputy Manager Compliance AML/ KYC
EQUITAS Bank
05.2017 - 02.2019
- Responsible for testing end-to-end cycle of Anti Money Laundering Transaction Monitoring functions.
- Develop Effective Controls and Procedures for Identifying, Surveillance, Reporting and Record Keeping of Suspicious Activities and Ensure that significant cases of suspected Money Laundering are subject to appropriate Investigation and Disclosure where necessary.
- Leading a team assigned to carry out AML Transaction Surveillance Unit thereby to achieve the desired business targets and Keeping Team updated on the latest AML trends and news.
- Review and Monitor Employee and Customer Account Activity on Daily/Monthly basis to identify and mitigate regulatory risks such as preventing Anti Money Laundering/Combating Terrorist Financing (AML/CTF), Sanction violations and other violations of trading policies and identify and review suspect transactions.
- Worked with IT Team and successfully Implemented automation reports for the Transaction Monitoring reports for 17 BAU Scenarios.
- Working on the Automation for the Alert description and Template in the OFSAA system.
Assistant Manager Banking Operations
HSBC Bank
12.2004 - 05.2017
- Responsible for managing Client Onboarding/Customer Maintenance for multiple regions. A Team of 21 members taking care of Metric, Supervise Manage, Train People and co-ordinate with entire operations.
- Migration of FATCA Project Account Opening/ Account Maintenance.
- One of the Key Members in Migration of FATCA Account Opening/ Account Maintenance to CAS and Nominated as Business Training SME for FATCA- All of business.
- Handled Multiple Remediation Business Projects and completion of the same successfully within the EDC Period.
- Handled UAT Testing for HUB migration for New Business Product launch.
- Regular monitoring & initiating steps for process improvisation.
- Was Winner of Individual 100 Club Performer Award Finalist for Year 2013.
- Was awarded Certificate of recognition from Head of RBWM.
- Champion Awarded for 2014 for Unique Customer ID Project.
- Migration of FATCA Project Account Opening/ Account Maintenance during 2016-2017.
- Yellow Belt certificate received towards for Lean Six Sigma Project Implementation.
- Key driver of Lean and Six Sigma methodologies. I have played a key role in implementing Lean and Six Sigma projects within HOPE with 5 Lean Certificate.
- Won the Star of the Year Award presented by the Head- HSBC.
- Was one of the proud members of HSBC Advance Migration Project Team in 2010. Team Was Semi-finalist of the Prestigious 100 Club Award.
- Winner of the Bravo Awards for three consecutive years 2011 -2013 for the extraordinary performance orientated.
- UAT Migration and New Site Movement done for our Team successfully.
Accounts Executive
ECE Industries Limited
11.2002 - 01.2003
- Performed effectively in self-directed work environment, managing day-to-day operations and decisions.
- Fielded customer complaints and facilitated negotiations, resolving issues and reaching mutual conclusions.
- Monitored service after sale and implemented quick and effective problem resolutions.
- Developed, maintained and utilized diverse client base.
Education
B Com - Commerce and Accounts
Loyola College
Higher Secondary - Commerce
St Bede’s Anglo Indian Higher Secondary School
SSLC -
St Bede’s Anglo Indian Higher Secondary School
Skills
- Business Process Improvement
- Operational Cost Reduction
- Self-Motivation
- Results-Focused
- Risk Management
- Audit
- Customer Due Diligence (CDD)
- System Implementation
- Migrations
- Process Re-Engineering
- Consumer Banking Operations
- Organizational Skills
- Detail Orientation
- Problem-Solving
- Performance monitoring
- Team Leadership
- Client relationship building
- Resource allocation
Extra-Curricular Activities
Governance Lead as part of Team Engagement and R & R Activities. Part of All the Staff Engagement and CSR Activities.
Timeline
Vice President
WELLS FARGO Bank
02.2019 - Current
Deputy Manager Compliance AML/ KYC
EQUITAS Bank
05.2017 - 02.2019
Assistant Manager Banking Operations
HSBC Bank
12.2004 - 05.2017
Accounts Executive
ECE Industries Limited
11.2002 - 01.2003
Higher Secondary - Commerce
St Bede’s Anglo Indian Higher Secondary School
B Com - Commerce and Accounts
Loyola College
SSLC -
St Bede’s Anglo Indian Higher Secondary School
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