Jatin Panchal

Transaction Screening

• Screened payments and transactions against OFAC, EU, UN, UK HMT, and other relevant sanction lists to ensure compliance with international sanctions regulations.
• Conducted comprehensive investigations of high-risk transactions and trades to identify potential violations of sanctions. Ensure that trades are released with utmost quality and within the allocated timeline.
• Conducted screening of incoming and outgoing payments against embargoes, sanctions list, and internal watchlists to identify potential compliance risks, escalating cases as necessary to the Compliance and Legal teams for further action.
• Performing screening for customer profiles using tools like Lexis Nexis, WorldCheck check and CSI Watchdog to help Prioritize resources, mostly reliant on initial client screening and closing of alerts by using public searches to identify or determine the activities that potentially for the customer is committing any type of money laundering, financial terrorism.
• Conduct quality control assessments for the team to pinpoint process gaps. Deliver training sessions to onboard new team members and offer guidance to subject matter experts on best practices in sanctions compliance.

Transaction Monitoring :

• Reviewing customer information and transactions, both historical and real-time, helps develop a comprehensive understanding of the behavior of customers by investigating alerts, maintaining detailed records, and identifying red flags indicative of suspicious activity.
• This includes analyzing transactions from customers, third parties, and correspondent banking to detect unusual patterns or changes. If indicators of money laundering or illicit activities are identified, Requests for Information (RFIs) are raised to gather additional documentation or clarification from relevant customers.
• Evaluated employee skills and knowledge regularly, training, and mentoring individuals with lagging skills.
• Managed schedules, accepted time off requests and found coverage for short shifts.
• Established open and professional relationships with team members to achieve quick resolutions for various issues.

Senior Compliance Officer:

• Managing & creating high-value client accounts.
• Administering the watch list program, alert handling and case management (country alerts, sanctions, PEPs).
• Profiling services in the Client Due Diligence process and advising them on follow–up actions (Suspicious Activity report (SAR) filing, client exit) of suspicious transactions and client behaviors.
• Reviewing system-generated reports of transactions and investigating account activity for potentially suspicious activity from inception to completion; reviewing all customer files to meet KYC, customer due diligence (CDD) and enhanced due diligence (EDD) requirements.
• Advising management on the company's compliance with laws and regulations through detailed reports
  • Tracking high, medium and Low-risk KYC client profiles to ensure all required KYC documents and /or information have been obtained by the Bank's Know Your Customer norms.
• Conducting Customer Enhanced Due Diligence (EDD)& in-depth customer review based on a risk model.
• Liaising with ales Officers, Relationship Managers and Account Manager of 46 Countries, 76 Offices globally through Mail, Skype call, VOIP call.