VIJETA MALVIYA
Mumbai
Summary
Expert in AML compliance and negative news screening, adverse media monitoring, and sanctions compliance. At Morgan Stanley, I strengthened due diligence processes and led initiatives that enhanced screening efficiency and risk mitigation. As an active participant in change management projects, I played a key role in driving process improvements, boosting operational effectiveness, and ensuring regulatory adherence.
Overview
8
8
years of professional experience
Work History
Associate Manager
Morgan Stanley
01.2022 - Current
- Conduct in-depth negative news screening using Ness, FACTIVA, and other AML tools to identify and assess adverse media risks.
- Analyze and escalate high-risk findings related to negative news, sanctions, and PEP to compliance for further investigation and risk mitigation.
- Perform due diligence on high-risk clients, including PEP, and obtain necessary documentation to ensure compliance with regulatory requirements.
- Monitor global regulatory sources, media reports, and corporate disclosures to detect adverse information on clients and counterparties.
- Assess and classify client risk levels (low, medium, high) based on negative news findings, ownership structures, and business activities.
- Ensure KYC and client onboarding compliance by validating information, conducting enhanced due diligence (EDD), and maintaining complete records.
- Conduct periodic reviews of existing clients, reconfirming ownership structures, screening for negative news, and ensuring KYC completeness.
- Transaction Monitoring: Card payment, TopUp card, exchange,credit card payment.
- Collaborate with compliance and relationship management teams to address red flags, mitigate risks, and enhance AML screening procedures.
- Stay updated on evolving regulatory requirements and industry best practices to strengthen negative news and adverse media screening frameworks.
TEAM LEAD
Bank of America
11.2020 - 12.2021
- Collecting and Analysing basic identity information following Standard (KYC) procedures from approved Internal And external data sources.
- Lead client onboarding, ensuring compliance with KYC and regulatory requirements.
- Perform periodic KYC reviews, verifying ownership structures, negative news, and sanctions risks.
- Assess client risk levels through a robust Customer Due Diligence (CDD) framework.
- Monitor client activities for unusual transactions and potential financial crime risks.
- Conduct due diligence using third-party sources, corporate websites, and global blacklists.
SR.ANALYST
Wipro
08.2018 - 10.2020
- Conduct hourly AML and sanctions screening using Actimize, OFAC, and FinCEN.
- Manage a queue if alerts and ensure timely completion based on the turnaround time.
- Close all false positive alerts and escalate timely alerts which appear to be suspicions in terms of money laundering, terrorist financing, and other AML concerns to the next level for further action.
- Monitor transactions for suspicious activity, fraud risks, and trend analysis.
- Train and mentor new employees on AML screening systems and processes.
ANALYST
EClerx Services Pvt Ltd
05.2017 - 07.2018
- Create, validate, and maintain KYC records, ensuring regulatory compliance.
- Conduct Ness and FACTIVA screenings for adverse media and risk assessment.
- Identify and assess PEP, SPF and escalate negative news findings.
- Monitor company news, regulatory updates, and financial data for risks.
- Ensure KYC accuracy, completeness, and adherence to global AML standards.
- Oversee the KYC lifecycle, track workflow progress, and meet SLA targets.
Education
Master Of Business Administration -
DAVV University
10-2013
Skills
- AML screening Tool
- EDD, CDD
- PEP Screening
- Negative News screening
- Change Mgmt participant-Process Impv
- Dynamic KYC & Regulatory Compliance Adaptation
- SAR
- Sanctions & compliance
- Fraud detection & Analytics
Accomplishments
- MBA Topper twice
- Quality champion award for process improvement ideas which led to reduction of work in the process.
Personal Information
- Marital Status: Married
Timeline
Associate Manager
Morgan Stanley
01.2022 - Current
TEAM LEAD
Bank of America
11.2020 - 12.2021
SR.ANALYST
Wipro
08.2018 - 10.2020
ANALYST
EClerx Services Pvt Ltd
05.2017 - 07.2018
Master Of Business Administration -
DAVV University
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