Gaurav Gangwal
Summary
CAMS certified with 21 years’ experience in AML Compliance, Fraud and Risk Monitoring, Auditing Operations, Risk Assessment and Accounts & Finance Operations. Proficient in providing automated solutions to help team in carrying out daily activities. Skilled at turning complex interdependencies into projects that capture maximum business value.
Overview
21
21
years of professional experience
1
1
Certification
Work History
Senior Vice President – AML Compliance
YES Bank Ltd.
06.2022 - Current
- Heading AML Projects Team which is responsible for providing technical assistance, processes automation, integration, creation of rules and setting logics.
- Performing regular reviews of existing systems to identify areas for improvement, leading to increased operational efficiency and reduced risk exposure.
- Supporting team in filing of Regulatory reports on FINNET 2.0 portal.
- Managing integration of various systems of the Bank with AML System
- Design rules/logics, develop various reporting and technical initiatives that fulfils regulatory and business needs.
- Supported development and implementation of Risk Categorization Model and managing customer periodic risk re-categorization.
- Collaborating with cross-functional teams to develop comprehensive AML and sanctions screening strategies while adhering to industry standards
- Implemented improvements to data quality by collaborating with IT teams on system enhancements that addressed identified gaps or deficiencies.
- Managing relationships with external vendors supplying technology solutions for AML and Sanctions Screening systems.
- Handling Internal/Regulatory Audit requirements.
Associate Vice President – AML Compliance
Kotak Mahindra Bank Ltd.
08.2013 - 05.2022
- Handled projects for integration of various systems of the Bank with AML System
- Responsible for review of alert parameters and implementing the new and revised parameters in AML System.
- Review of Customer Risk Re-categorization.
- Provided quarterly data for Board Note.
- Responsible for all technical support and testing of AML System
- Provided analytical reports to management.
- Review of customers with Negative Customer Information System
- Handled Internal Audit and providing data for RBI Audits and other regulatory bodies.
- Creation of adhoc reports in co-ordination with IT for analytical purpose.
- Filing of various reports including Suspicious Transaction Report, Cash Transaction Report, Counterfeit Currency Report, Cross Border Wire Transfer Report with regulatory authorities.
- Performed detailed analyses to detect patterns, trends, anomalies and schemes in transaction to detect, prevent, mitigate and report suspicious activity related to money laundering.
Senior Manager – Risk Control Unit
Kotak Mahindra Old Mutual Life Insurance Ltd.
07.2006 - 07.2013
- Identified all possible risk and fraud prone areas within the different verticals.
- Collaborated with cross-functional teams in formulating action plans to mitigate and control those risks.
- Handled Criminal Matters filed against / by the company.
- Liaision with Law Enforcement Agencies.
- Monitored and Investigated of Data Risk Cases.
- Investigated of Whistle Blower Cases.
- Maintained & issued monthly reports to management on risk prone areas.
- Conducted ethics committee and data risk committee.
- Conducted training as well as coordinated with outsourced agencies for investigation and verification of profiles of the clients.
- Performed internal audits for all the processes, incentives and schemes to check whether there are any revenue leakages, regulatory lapses, etc.
Finance & Accounts Officer
Bridgestone India Pvt. Ltd.
07.2003 - 07.2006
- Functioned as Head - West India; conducting internal audit, handling branch operations, C&F activities, collection system and accurate inventory record.
- Coordinated the financial reporting functions & month end closing of eight locations; taking care of accounts receivable for entire division.
Education
Master of Business Administration (Finance) -
D.A.V.V. University
Indore, M.P, India01.2003
Bachelor of Commerce (Accounting) -
D.A.V.V. University
Indore, M.P, India01.2000
Skills
Leadership
Operational Excellence
Process Improvements
Cross-Functional Collaboration
Analytical and Critical Thinker
Project Oversight
Decision Making
Self-driven
Accomplishments
- Received Best Team Award by FinCrime Expert for adopting emerging technologies in Financial Crime Compliance.
- Successfully implemented FINNET 2.0 reporting system within the time frame.
- Automated FIU regulatory reportings (STR/CTR/NTR/CCR) in AML application.
- Part of implementation of New AML System for Bank as a Payment Aggregator.
- Awarded with Future Leader Award in June 2023.
- Automated processes to mitigate manual intervention and improved efficiency.
Certification
- Certified Anti-Money Laundering Specialist (CAMS) in July 2020.
- AML and KYC certification from Indian Institute of Banking & Finance (IIBF), India in 2015.
- Diploma in Computer Basics from NIIT, India in 1999.
Timeline
Senior Vice President – AML Compliance
YES Bank Ltd.
06.2022 - Current
Associate Vice President – AML Compliance
Kotak Mahindra Bank Ltd.
08.2013 - 05.2022
Senior Manager – Risk Control Unit
Kotak Mahindra Old Mutual Life Insurance Ltd.
07.2006 - 07.2013
Finance & Accounts Officer
Bridgestone India Pvt. Ltd.
07.2003 - 07.2006
Master of Business Administration (Finance) -
D.A.V.V. University
Bachelor of Commerce (Accounting) -
D.A.V.V. University
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