Vikash Sahu
Mumbai
Summary
Dynamic compliance leader with extensive experience at CoinDCX, specializing in KYC measures and AML/CFT programs. Proven track record in enhancing regulatory alignment and mitigating financial crime risks. Adept at team management and fostering collaboration, driving strategic initiatives that uphold high compliance standards and operational integrity.
Overview
2
2
Languages
17
17
years of professional experience
Work History
Director, (Alt Principal Officer)
CoinDCX
Mumbai
03.2022 - Current
- Implemented strategic compliance programs aligned with FATF recommendations for virtual assets and VASPs.
- Established stringent measures to mitigate money laundering and terrorism financing risks, reinforcing compliance integrity.
- Implemented robust KYC controls and monitored compliance effectively.
- Conducted mutual evaluation assessments for VASP sector, improving regulatory alignment across compliance frameworks.
- Oversaw compliance for crypto businesses, ensuring adherence to global regulations and FIU guidelines.
- Reviewed compliance periodically while managing relationships with business partners and key stakeholders.
- Supported law enforcement agencies during investigations under PMLA and CRPC procedures, facilitating effective legal processes.
- Recruited, trained, supervised, and evaluated staff to uphold high compliance standards.
Senior Manager
Jio Payments Bank Limited
Mumbai
01.2017 - 01.2022
- Oversaw management of AML/CFT and financial crime prevention unit.
- Led team of analysts in timely detection of financial crime events, implementing effective risk mitigation plans.
- Coached team in handling transactional alerts and sanction match cases.
- Prepared regulatory reports, including suspicious transaction reports and currency transaction reports.
- Coordinated internal and regulatory inspections while liaising with FIU and enforcement agencies to ensure compliance.
- Created due diligence rules for risk profiling and collaborated with technology teams on model development.
Deputy Manager
ICICI Bank Limited
Mumbai
01.2015 - 01.2017
- Monitored sanction clearing transactions, ensuring adherence to regulatory standards and reducing risk of non-compliance. Conducted enhanced due diligence to mitigate product risk and prevent fraud. Managed fraud control initiatives, implementing mystery shopping for risk assessment and enhancing detection of fraudulent activities. Liaised with enforcement agencies during investigations to support compliance efforts. Moderated fraud review council meetings, facilitating discussions on risk containment strategies. Oversaw and coordinated submissions of STRs and CBWTRs for suspicious activities, facilitating timely reporting and compliance with regulatory requirements. Handled inspections to uphold operational integrity and compliance protocols. Developed risk mitigation plans to address vulnerabilities in product offerings.
- Led team initiatives to enhance customer service processes and improve client satisfaction.
- Managed daily operations and ensured compliance with banking regulations and policies.
- Collaborated with cross-functional teams to streamline branch performance and efficiency.
Analyst
Accenture Services Pvt Ltd
Mumbai
01.2013 - 01.2015
- Investigated sanction matches and transactional alerts to ensure compliance. Performed KYC remediation documentation to ensure regulatory adherence. Prepared SAR and CTR reports to support financial monitoring processes. Executed enhanced due diligence quality checks, reducing potential risk exposure. Collaborated on strategies to reduce false positives in KYC checks. Identified beneficial owners through thorough web crawling research, supporting compliance efforts. Reviewed litigation matters involving client websites to assess potential risks. Conducted link analysis to identify and evaluate relationships between entities.
- Analyzed data trends to inform business strategy and decision-making.
- Collaborated with cross-functional teams to enhance project outcomes and efficiency.
- Developed reports using analytical tools to support client presentations and insights.
Senior Associate
Mphasis Limited
Mumbai
01.2010 - 01.2013
- Cleared sanctions for cross-border remittances, ensuring regulatory compliance and minimizing risk. Conducted link analysis on transactional alerts to identify potential risks. Performed due diligence and counterparty risk assessments to mitigate financial exposure. Conducted quality checks on transactions, upholding high standards in correspondent banking operations. Cleared wire transfer transactions promptly and accurately to enhance operational efficiency. Reviewed and documented accounts regularly, ensuring accuracy and adherence to compliance standards. Collaborated with SMEs to address complex issues in transaction processing.
- Led cross-functional teams to enhance project delivery and client satisfaction.
- Developed strategic plans to optimize operational processes and resource allocation.
- Managed client relationships to ensure alignment with business objectives and expectations.
Education
PGDM - Retail Marketing
SCMS Cochin
01-2009
B.Sc - Mathematics Hons.
Ranchi University
01-2007
Skills
- Regulatory compliance
- KYC and AML programs
- Compliance framework
- Regulatory strategy
- Risk assessment
- Financial crime prevention
- Fraud mitigation
- Operational efficiency
- Team management and leadership
- Compliance strategy
Languages
- English
- Hindi
Languages
English
Proficient (C2)
C2
Hindi
Proficient (C2)
C2
Accomplishments
- Trained LEAs and industry participants with respect to VDA.
Timeline
Director, (Alt Principal Officer)
CoinDCX
03.2022 - Current
Senior Manager
Jio Payments Bank Limited
01.2017 - 01.2022
Deputy Manager
ICICI Bank Limited
01.2015 - 01.2017
Analyst
Accenture Services Pvt Ltd
01.2013 - 01.2015
Senior Associate
Mphasis Limited
01.2010 - 01.2013
PGDM - Retail Marketing
SCMS Cochin
B.Sc - Mathematics Hons.
Ranchi University