Salesforce
Komal Rani Vig
Senior Compliance Specialist
Scarborough,Ontario
Summary
A Senior AML Compliance professional with a demonstrated history of 5.5+ years of work experience in the banking and fintech industry. Highly knowledgeable in AML regulations and laws, compliance monitoring, risk assessment and mitigation, and suspicious transaction reporting. Skilled in Canadian regulatory laws and regulations (PCMLTFA, OSFI, FINTRAC) and global regulatory laws including US (FinCen, BSA) and UK (FCA) and EU regulations. Well-versed in annual financials reviews, conducting EDD, financial crime compliance, transaction monitoring, sanction screening, STR/ SAR, CTR analysis, internal auditing, and operational risk management.
Overview
6
6
years of professional experience
6
6
years of post-secondary education
Work History
Senior Compliance Specialist
Multipass Platforms Limited
Remote, ON
01.2023 - Current
- Performing second eye checks for high-risk customers and agent approvals.
- Identifying and investigating the high volume of card transactions for fraud patterns.
- Contributing to quality control standards.
- Coordinating and formulating responses to internal and external regulatory enquiries and audits for an on-site review conducted by our banking partner.
- Assisting with the regulator report (FCA and EU regulation) on card fraud and non-fraud dispute enquiries.
- Preparing monthly MI reports on fraud and non-fraud trends.
- Played a key role in developing and launching corporate payment cards, partnered with Moorwand LTD and Tribe Payments, risk monitoring tool for card transaction monitoring.
Compliance Specialist
Multipass Platforms Limited
Gurgaon, Haryana
01.2022 - 08.2022
- Reviewed transactions to identify and mitigate ML/TF risks.
- Performed risk-based reviews on transaction monitoring, correspondence bank queries, onboarding and agents approvals, post-monitoring transactions.
- Conducted quality check reviews and filed suspicious activity reports originating from correspondence banking sanctions, fraud and compliance to FCA and EU.
- Worked closely with the Compliance Director and MLRO on SAR report and the firm's regulatory obligations.
- Mentored and motivated subordinates individually to enhance service standards, and team development.
- Handled day-to-day routine and month-end activities, weekly, and monthly client reports and MIS.
TCPS ANALYST
American Express (India) Private Limited
Gurgaon, Haryana
06.2019 - 12.2021
- Conducted KYC (know your customer) on FXIP applications and EDD review on high-risk account applications.
- Monitored and conducted compliance periodic reviews as part of ongoing due diligence on customer accounts based on their AML risk rating as per regulations and government audits.
- Detailed knowledge about UBO, and global EDD of all markets like USA, Europe, and JAPA as per FinCEN, EU, and FCA requirements.
- Performed reviews, sanctions screening, negative alert reviews and other high-risk entities in line with regulatory requirements such as politically exposed person (PEP) and special designated individuals (SDNs) of OFAC sanctioned countries.
- Reviewed wire transfer payment alerts, flagged as potential link with the OFAC sanctioned countries and entities.
- Timely clearance of bridger hits of payments processing, batch scanning and real-time.
- Worked on KYB (know your business) on FXIP account applications and managed the pilot working capital terms (WCT) program.
Senior Research Associate
WNS Global Services Pvt. Ltd
Gurgaon, Haryana
05.2017 - 05.2019
- Completed profiling of banks including their financials, shareholding, group structure, due diligence, research and compliance, and risk control measures.
- Reviewed current and historic KYC documentation.
- Updated AML documents, counter terrorist financing policies, wolfsberg group questionnaire, and US patriot certificates.
- Performed secondary research on corporate actions (mergers, acquisitions, liquidation).
Education
Post Graduate Certificate - Financial Services in Compliance Administration
Seneca College of Applied Arts And Technology
North York, ON 09.2022 - 04.2023
MBA - Finance And Marketing
Guru Gobind Singh Indraprastha University
Delhi, India 05.2015 - 05.2017
B.A. Honours - English Language And Literature
University of Delhi
Delhi, India 05.2012 - 05.2015
Skills
Anti Money Laundering
Software
World Check
Lexis Nexis
Bridger
Citrix
Comply Advantage
D&B Hoovers
Dow Jones
Sumsub
Cadence
Tribe Payments
Accomplishments
- Received a certificate of appreciation for launching corporate payment cards and being a great team member in 2022 at Multipass Platforms Limited.
- Recognized for my contributions in automating 50% batch scan alerts on Standard Chartered through Synbots and improved the efficiency of the transaction monitoring process in 2020-21 at American Express.
- Rewarded with the “Blue Rewards” award in 2019-20 at American Express for outstanding demonstration of teamwork and managing high volumes.
- Awarded “Excel at Work- Achiever” in League of Champions at WNS Global Services in Q4 2017-18 by EVP for delivering outstanding performance.
Timeline
Senior Compliance Specialist
Multipass Platforms Limited
01.2023 - Current
Post Graduate Certificate - Financial Services in Compliance Administration
Seneca College of Applied Arts And Technology
09.2022 - 04.2023
Compliance Specialist
Multipass Platforms Limited
01.2022 - 08.2022
TCPS ANALYST
American Express (India) Private Limited
06.2019 - 12.2021
Senior Research Associate
WNS Global Services Pvt. Ltd
05.2017 - 05.2019
MBA - Finance And Marketing
Guru Gobind Singh Indraprastha University
05.2015 - 05.2017
B.A. Honours - English Language And Literature
University of Delhi
05.2012 - 05.2015
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