Nisha Parmar
Mahim (W)
Summary
Analytical AML Transaction Monitoring Analyst skilled in identifying and investigating suspicious financial activities. Experienced in analyzing transaction patterns, ensuring regulatory compliance, and mitigating financial crime risks. Aiming to leverage expertise in anti-money laundering frameworks and risk assessment to enhance compliance programs and uphold organizational integrity.
Overview
9
9
years of professional experience
Work History
Manager
IDFC First Bank (AML-Transaction Monitoring)
04.2025 - Current
Deputy Manager
IDFC First Bank
10.2023 - 04.2025
- Reviewing and monitoring alerts generated in AML system and also from manual alerts triggered by MHA (I4C portal), BIU and RCU on different customers and accounts by following a risk-based approach.
- Reviewed suspicious accounts, coordinating with branches for clarifications and further investigations.
- Conducted in-depth analysis of branch-reported account transactions, determining the necessity for STR filing or case closure.
- Maintained repository for raised cases, ensuring timely follow-ups and actions within established TAT.
- Prepared STRs for various alerts in compliance with FIU India guidelines.
- Managed complex media-related cases involving money laundering, fraud, scams, ensuring thorough investigation and resolution.
- Utilized systems such as CBS and DMS for effective transaction monitoring.
Assistant Manager
HDFC Bank LTD (AML Transaction Monitoring)
03.2021 - 10.2023
- Identifying and reporting suspicious transactions for the alerts which are generated by the compass AML software for transaction monitoring.
- Using the systems - Compass, Finnone, CBS to review customer comments.
- Analyzing the cases reported by the branches and reported suspicious cases after enhanced due diligence to FIU - India.
- Analysis of transaction of accounts which are reported by branches and subsequently decides whether to file and STR or close it.
- Handling media cases related to money laundering, fraud, scam.
- Carrying out further inquiries with the branch.
- Ensuring a high standard of comments and ensuring the cases are actioned within the TAT.
Officer
Yes Bank LTD
06.2017 - 04.2018
- Managed existing customers in Yes Bank in terms of complaints (Service Issues+Backend Activities).
- Ensured customer complaints were resolved before TAT and maintained its records.
- Verify customer Yes Pay Now Bill details (Utility Bills+update the same into the system).
- Verify customer request for upgradation and enhance limit of card, and update the same into the Bank CRM, and maintain excel for the same.
- Verify customer Yes Pay Now Bill details (Utility Bills+update the same into the system).
Education
Master in Business Administration - Executive
Guru Nanak Institute of Management Studies
12.2024
Bachelor of Commerce -
Kirti M Doongursee College
Mumbai, India12.2015
Higher Secondary School Certificate -
Kirti M Doongursee College
12.2012
Secondary School Certificate -
Saraswati Mandir High School
12.2010
Skills
- Account monitoring
- STR filing
- Proficient in Microsoft Excel
- Proficient in Microsoft Word
- Attention to detail
- Team Player
Certifications And Awards
- IIBF AML and KYC Certification - Indian Institute of Banking and Finance.
- Certified Anti Money Laundering Investigator (CAMI).
- Star Performer award in HDFC Bank Ltd.
- Received an award for Rising star at the annual compliance meet of IDFC First Bank.
Timeline
Manager
IDFC First Bank (AML-Transaction Monitoring)
04.2025 - Current
Deputy Manager
IDFC First Bank
10.2023 - 04.2025
Assistant Manager
HDFC Bank LTD (AML Transaction Monitoring)
03.2021 - 10.2023
Officer
Yes Bank LTD
06.2017 - 04.2018
Master in Business Administration - Executive
Guru Nanak Institute of Management Studies
Bachelor of Commerce -
Kirti M Doongursee College
Higher Secondary School Certificate -
Kirti M Doongursee College
Secondary School Certificate -
Saraswati Mandir High School