Shilpa Sharma

Appointed Compliance Officer for Groww Wealth and Principal Officer under PMLA Act. Additionally in charge for different Research Analyst compliance and broking compliance.Compliance & Regulatory Oversight:

• Establishing clear internal policies aligned with regulatory requirements, and actively monitoring their implementation.
• Collaborating with business and product teams to provide the regulatory requirements for the Wealth Business.
• Filling application for different licenses, and regularly connecting with authorities.

Surveillance & Fraud Detection:

• Investigated market manipulation, KYC fraud, and insider trading cases.
• Detected fraudulent activities, including income mismatches, multi-account linkages, and impersonation fraud.
• Implementing and overseeing the surveillance framework and process as per the regulatory requirements.

Policy Review & Risk Assessment:

• Review and update the AML/Surveillance policy and Insider Trading policy in line with regulatory changes.
• Conducted periodic risk assessments, and implemented improvements.
• Managed monthly and quarterly reports to SEBI, Exchanges, and Depositories.
• Acted as a liaison with regulatory authorities.

Internal Audit and Inspection:

• Coordinated and supported inspection audits for surveillance and compliance processes, including inspections by depositories, exchanges, and regulatory authorities.
• Collaborating with the internal audit team on the audit scope and objectives, and sharing critical compliance information to guide internal audit activities.
• Responding to the observation highlighted by the internal audit and inspection team.

Research Analyst Compliance:

• Managing compliance for Research Analyst (SEBI Intermediary) regulations.
• Collaborating with the research team for research report creation and record keeping.
• Preparing policies, streamlining processes, and decision-making, while improving operational effectiveness for the Research Team to adhere to regulatory requirements.
• Reviewing the agreement of finfluencers' association and filtration of creators on the basis of SEBI regulations.

Prevention of Insider Trading (PIT):

• Oversee the PIT (Prevention of Insider Trading) compliance, and develop an automated alert mechanism for PIT compliance to reduce 100% of manual efforts.
• Designed and implemented an insider trading policy in adherence to PIT and PFUTP regulations.

Execution of compliance Requirement & System Optimization:

• Collaborated with backend engineers, DevOps, and analytics to design and implement new tools aimed at streamlining all the compliance and surveillance processes, and minimizing risks.
• Reduced false positive alerts by 30% by refining internal surveillance parameters.
• Increased STR reporting to the FIU by 50% through enhanced internal fraud detection triggers.
• Developed an income update process flow through the application when triggered by the surveillance team, which has doubled the client response rate for income document collection.

Training & Compliance Execution:

• Collaborating with HR to organize AML/PMLA training for new joiners and yearly training for relevant departments with blended learning approaches, which helped the employees understand its implications.
• Continuously updating training materials to reflect changes in regulations, and emerging money laundering trends.

• Served as an AML consultant for Mashreq Bank, UAE, managing fraud and AML-related concerns across retail banking, debit card operations, digital banking, and KYC compliance.
• Enhanced incident reporting processes, reducing investigation turnaround from 10 days to 5 days.

• Served as a Fraud and AML/CTF Analyst for Revolut, managing products such as virtual cards and neo-banking.
• Conducted a detailed account analysis to identify potential money laundering, and other illicit activities. Proficient in preparing and filing Suspicious Transaction Reports (STR) and Suspicious Activity Reports (SAR).

• Served as a transaction and fraud analyst for PhonePe's UPI product, focusing on identifying transactional and fraudulent activities to the second line of defense.
• Recognized as Quality Champion for three consecutive months and Productivity Champ for two months, demonstrating exceptional attention to detail, accuracy, and high performance.