Summary
Overview
Work History
Education
Skills
Personal Information
Languages
Timeline
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PRIYANKA PRIYADARSHNI

Summary

A competent professional with 15+ years of experience in global financial services, investment banking, AML & compliance, FATCA & CRS who is comfortable in understanding and supporting the business clients, operational excellence, compliances and workforce management. Sound knowledge of AML laws and related regulatory legislation, The USA PATRIOT Act of 2001, Bank Secrecy Act 1970, The Financial Services and Markets Act of 2000, The Proceeds of Crime Act of 2002 (PoCA), Basel II Accord, EU Second & Third Money Laundering Directive, Foreign Account Tax Compliance Act. I am a FATCA Detail-oriented Assistant Manager offers more than 5year progressive record of accomplishment in leadership roles. Establishes clear guidelines and enforces consistent policies to keep staff satisfied and on-target to achieve important objectives. Excellent relationship-building, multitasking and decision-making skills.

Overview

3
3
years of professional experience

Work History

Assistant Manager

ERNST & YOUNG
05.2021 - Current
  • Responsible for leading Team of 6-7 members
  • Responsible for ensuring that process meet the highest standards of quality for client
  • Have a keen eye for detail and a deep understanding of the FATCA & CRS Validation
  • Responsible to maintain and share Productivity (daily), Quality (monthly) and Error tracker (monthly)
  • Performing Due diligence for the documents provided by the clients with the IRS database, OECD portal such as GIIN lookup, and TIN structures on W8/W9 Tax forms
  • Analysing legal entity structures, validating withholding certificates and checking type of FFIs
  • Managing the chapter 3 and chapter 4 FATCA withholdings and pay with respect to IRS guidelines
  • As a FATCA team we ensure the accts are setup in a correct way and making changes accordingly
  • With the changes in accounts, we ensure to fulfil the document requirements, for which we work in liaison with clients and team at NY
  • Working on vendor sites like Markit, CTI MD3, MISYS for extracting the docs and validating them
  • Training and coaching team/individual on crucial key point of error by doing trend analysis of error reports
  • Worked with Fat finger to avoid clerical error in processing BAU cases and provided training to individuals help understanding basics of the complex process to get the fundamental concrete
  • Responsible for defining SLA and involves with onshore partners to resolve and eliminate risk
  • Knowledge on 1042s/1099 reporting.

Assistant Manager

BANK OF AMERICA
- 05.2021
  • Experienced team mentor
  • Worked as Assistant Manager and handled a Team of 7-9 members
  • Performed KYC re-assessment/refresh on existing global clients (US, APAC and EMEA Regions)
  • KYC Periodic Reviews / Refresh analysts involved in end-to-end closure of entities with strong attention to details as well as awareness of current market dynamics
  • Responsible for all Suspicious Report alerts from end-to-end review, which may include presenting the recommendation to the Global Financial Crime Compliance (GFCC), while ensuring that the entire process is handled in a timely manner
  • Review classification of the client and confirm that the classification is correct in light of the nature of business conducted with the client and obtain research information as appropriate via company annual reports and third-party data vendors such as Bloomberg, Mint Global etc
  • Leading/Driving process improvement, Business process mapping and Automation
  • Conducting risk analysis, reviews and investigations for high risk client accounts and financial activity to detect and prevent money laundering, fraud and terrorist financing.

Sr. Analyst

WNS GLOBAL SERVICES PVT LTD.
GURGAON
- 02.2010
  • Participated in a KYC remediation project for a major international financial institution financial statement across jurisdictions
  • Role included Enrichment of Customer Due Diligence and Enhanced Due Diligence information as per regulation 326 of FDIC
  • Efforts include QA and reconciliation of KYC forms against the institution's customer list for the enrichment of missing required fields in existing KYC forms
  • Verified CDD & EDD of client's data in the varied financial services in corporate, vendor, and trade finance
  • Performed appropriate and confidential handling of sensitive information.

Analyst

IBM DAKSH.
GURGAON
- 09.2008
  • Involved in Compliance and Sales Limit Transaction Monitoring
  • Responsible for assessing the completeness of a client's KYC (Know Your Customers) and CIP (customer Identification Program) documentation
  • Categorization of background checks into false alerts, true alerts, immaterial PEP and material PEP based on the nature of the influence of the PEP and his public exposure
  • Verify that customers are not or have not been involved in illegal activities such as fraud, money laundering or organized crime
  • Performing CDD on Entity, individual and PEPs through various indigenous and third-party sources.

Sr. Analyst/QA Analyst/Team Leader

BANK OF AMERICA
05.2010
  • Ensuring compliance with all AML laws, regulations, guidelines, written procedures; OFAC, CIP, KYC, customer/transaction monitoring
  • Prepared KYC Due Diligence profiles on a wide range of entity types (Trusts, LLC's, Partnerships, and Corporations)
  • Works on High-risk clients like Money Service Businesses, Clients performing Correspondent Banking activities, Special Purpose Vehicles, IOLTA accounts, Bank Notes, SPF/PEPs, Hedge funds/Mutual Funds/Pension funds and schemes, countries doing business in sanctioned countries or dealing in Gaming/Casinos
  • Researched and verified the parties involved in suspicious transactions against various database, LexisNexis, OFAC, World-check and Internet searches
  • Building relationships and credibility quickly with key stakeholders and subject matter experts in relevant functions.

GBAM Tax Operations-Quality Approval of US FATCA, CRS

  • Performing Due diligence for the documents provided by the clients with the IRS database, OECD portal such as GIIN lookup, and TIN structures on W8/W9 Tax forms
  • Analysing legal entity structures, validating withholding certificates and checking type of FFIs
  • Managing the chapter 3 and chapter 4 FATCA withholdings and pay with respect to IRS guidelines
  • As a FATCA team we ensure the accts are setup in a correct way and making changes accordingly
  • With the changes in accounts, we ensure to fulfil the document requirements, for which we work in liaison with clients and team at NY
  • Working on vendor sites like Markit, CTI MD3, MISYS for extracting the docs and validating them
  • In liaison with legal and KYC team we are ensuring that all Tax documents are successfully complying with FATCA
  • Providing approval on various checklists for the existing and newly on-boarded entities, and being more diligent on their AML, KYC checks
  • Evaluating controls related to FATCA CRS compliance.

Education

Bachelor of Commerce -

Patna University

Higher Secondary -

Holy Cross Convent, Bokaro

Senior secondary -

Holy Cross Convent, Bokaro

6 months Computer Accounting Course, Tally, Fact, ACE -

ICA

Skills

  • Compliance Operations
  • AML/KYC/FATCA
  • Risk Management
  • Investment Banking
  • People Management
  • Quality Assurance and Testing
  • Ability to lead strategic planning sessions challenging the status quo where appropriate and drive decision making process
  • Ability to work independently, multi-task, and take ownership of various parts of a project or initiative
  • Excellent analytical and problem solving skills
  • Team leadership and management; staff development and coaching

Personal Information

  • Date of Birth: 06/14/84
  • Nationality: Indian

Languages

English, Hindi

Timeline

Assistant Manager

ERNST & YOUNG
05.2021 - Current

Sr. Analyst/QA Analyst/Team Leader

BANK OF AMERICA
05.2010

Assistant Manager

BANK OF AMERICA
- 05.2021

Sr. Analyst

WNS GLOBAL SERVICES PVT LTD.
- 02.2010

Analyst

IBM DAKSH.
- 09.2008

GBAM Tax Operations-Quality Approval of US FATCA, CRS

Bachelor of Commerce -

Patna University

Higher Secondary -

Holy Cross Convent, Bokaro

Senior secondary -

Holy Cross Convent, Bokaro

6 months Computer Accounting Course, Tally, Fact, ACE -

ICA

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PRIYANKA PRIYADARSHNI