Vibhu Sharma
Funds - Compliance Officer
Bangalore
Summary
- Seasoned & results-driven professional with over 10 years of dedicated experience in Financial Crime Compliance within the banking services sector. Proven track record of handling, implementing and managing robust anti-money laundering (AML), counter-terrorist financing (CTF), and sanctions compliance processes.
- Skilled in regulatory risk assessment, policy development, and conducting thorough investigations. Adept at navigating complex regulatory landscapes and implementing effective risk mitigation strategies. Strong leadership capabilities with a focus on fostering a culture of compliance and continuous improvement.
Overview
11
11
years of professional experience
1
1
Certification
Work History
Fund Compliance Officer
Amicorp Fund Services Mumbai Pvt. Ltd.
04.2024 - Current
- Current role focuses on Funds Compliance & Working in Individual Contributor. Compliance review is divided in 2 workstreams: Fund & Investor Onboarding for new prospects & Ongoing Monitoring of Live Funds.
- Operational Markets: Hong Kong, Singapore & Luxembourg.
- Development and maintenance of compliance database, tracking all fund activities and documents.
- Responded to employee inquiries regarding compliance regulations and procedures.
- Maintained up-to-date knowledge of current and emerging compliance regulations.
- Monitored and assessed compliance risks associated with operational processes and procedures.
- Conducted periodic compliance audits and reviews to identify areas of improvement
Manager & Associate Manager, FCSO
Standard Chartered Bank GBS
7 2021 - 04.2024
- Operational Markets Handled: Indonesia, Bangladesh, Nepal, Australia & Brunei.
- Processes: Manage case volume and ensuring smooth workflow without any SLA breaches
- Achieved departmental goals by developing and executing strategic plans and performance metrics.
- Ensuring adherence and sharing regular updates related to DOI, Guidance document to process risk events in line with Assess, Analyze, Act (AAA) process
- Maintain and recommend (for approval by relevant Risk Committee), appropriate processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements
- Making specific changes in system / processes / work methods to improve performance and manage information in systematic and structured manner
- Managing policies review exercise for team, as part of review core responsibilities include: securing relevant approvals, uploading guidance documents on knowledge portal, seeking extension (basis requirement), introducing necessary amendments to increase effectiveness of policies
- Risk Management: Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations
- Sharing regular updates with senior management on potential risk/breaches (or where risk tolerances could be breached) and ensure that actions are taken quickly to remediate and/or activities are ceased
- Governance: Track significant issues arising from FCC metrics, FCC Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary
- Periodic reporting and timely escalation of significant risks and issues arising from FCC Monitoring and Assurance activities.
- In event of serious potential breaches/observations, or where risk tolerances have been breached, ensure senior management are informed and that actions are taken quickly to remediate and/or activities are ceased
- Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific Investigations
- Analyze and interpret data to produce reports that help bank identify and manage emerging areas of risk/vulnerability and thus drive remediation action within FCC function
- People Management: As people leader focused on promoting and embedding culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is norms.
- Stimulate environment where forward planning, prioritization, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices norm.
- Collaborate with training teams to input to training curriculum to support closing of capability gaps
- Project Management: Manage and protect business as usual (BAU) capability during change programs, as well as during execution and delivery of Remediation initiatives through project phase and into BAU
- Provide subject matter expert advice, guidance and support to project managers on managing change
- Review new business requirements and provide solutions where required
- From Dec'22 to Apr'24 - Handled On-site Regulatory Migration Project for Bangladesh Market; As part of migration from set-up transaction monitoring team in SCB Dhaka Office. For SCB GBS Unit, worked as Leading Project Manager for Transaction Monitoring Process.
- Accomplished multiple tasks within established timeframes.
- Managed and motivated employees to be productive and engaged in work.
- Maximized performance by monitoring daily activities and mentoring team members.
- Mentored junior team members for career advancement, fostering a pipeline of future leaders within organization.
Senior Specialist, Transaction Monitoring
Standard Chartered Bank GBS
03.2021 - 06.2021
- Follow Non-Correspondent Banking Policy to process risk events in line with Assess, Analyze, Act (AAA) process
- Analyze significant financial crime risk events (e.g
- Non-compliant transactions, production orders) to ensure that all connected parties, particularly cross-border are identified and reported at appropriate levels internally across all relevant jurisdictions
- Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks
- Handled end-to-end Mantas Migration project for Australia & Bangladesh.
- Extended support to Indonesia team to stabilize Mantas Migration volume surge.
Specialist, Transaction Monitoring
Standard Chartered Bank GBS
06.2018 - 02.2021
- Operational jurisdiction is Southeast Asian markets (Indonesia, Bangladesh, and Australia) including wholesale banking clients, HNIs, retail, community banking & NGOs
- Being a part Compliance domain and 1LOD, responsibilities were to deal with day to day financial risk events and triggers generated by Detica & MANTAS
- Responsible for mitigating irrelevant hits and escalating potential triggers to Country FCC for SAR filing
- Detection scenarios are dependent on country specific dynamics and demographics. Also, local data protection and regulatory policies play a vital role in designing detection scenarios
- Primary responsibility is to assess & analysis the risk events on the basis of the client profile, customer segment, trading activity, KYC risk segment, products and operational jurisdiction
- While assessing and analyzing case, apply a risk based approach to understand grounds of risk relevance involved in case as per risk appetite.
SPECIALIST, CDD Wholesale Banking
Wipro Limited
12.2017 - 04.2018
- Conduct periodic reviews of existing IB clients for status, data veracity, remediation and assignment of appropriate risk classification
- Verify identity of prospective new clients across Investment Banking division of Citibank including verification with global sanctions and reputation risk screening
- Conduct the background screening on the Client name & other officials' names using tools such as World Check / Lexis Nexis / Factiva
- Interface with and provide support to firm's international and domestic Client on-boarding, Client ID and Anti-Money Laundering and Operations groups
- Reviews and Approvals of Static Data Remediation for existing customer accounts
Senior Analyst, Business Banking CDD
Royal Bank Of Scotland, RBS
09.2015 - 12.2017
- Complete all Periodic Reviews in a timely and complete manner through using appropriate systems and, where required, customers to obtain further information
- Ensure customer data is updated as required confirming it is correct to AML standards required
- Upon completion of the above make a decision as to whether RBS should continue the relationship with the customer or not and document this appropriately
- Investigate customer information using a mix of, data providers, public information such as companies' house, internet searches etc.
Analyst, CAPR Payments Investigations & Recon.
Royal Bank Of Scotland, RBS
07.2013 - 05.2015
- Investigate and post entry for recorded and non-recorded transactions which has arises due to various rejected reasons. Ensuring all cases arising from reconciliation are investigated and pursued thoroughly resulting in timely settlement of transactions allocated to processing unit in accordance with departmental targets
- Handle all email queries/escalations for unit within agreed TAT and ensured it has been replied without fail. Responsible for investigation of discrepancies and resolution responsibilities of non-reconciled items, looking into various supporting systems and agent banks information.
Education
Bachelor of Commerce (Pass) - Commerce
Delhi University
New Delhi 01.2009 - 04.2012
Skills
Mantas
Data presentation skills
SOP Development
Compliance Training
Critical Thinking
Interpersonal Skills
Analytical Skills
Risk Mitigation
Problem-Solving
Multitasking Abilities
Risk Assessment
Attention to Detail
Project Coordination
Training delivery
Sanctions compliance
Ethics management
Regulatory knowledge
Investigations skills
Anti-Money Laundering
Policy analysis
Compliance reviews
Investigation
Anti Money Laundering
Compliance
SWIFT Payments
Transaction monitoring
Due Diligence
Certification
Indian Institute of Banking and Finance - AML/KYC
Timeline
Fund Compliance Officer
Amicorp Fund Services Mumbai Pvt. Ltd.
04.2024 - Current
Senior Specialist, Transaction Monitoring
Standard Chartered Bank GBS
03.2021 - 06.2021
Specialist, Transaction Monitoring
Standard Chartered Bank GBS
06.2018 - 02.2021
SPECIALIST, CDD Wholesale Banking
Wipro Limited
12.2017 - 04.2018
Senior Analyst, Business Banking CDD
Royal Bank Of Scotland, RBS
09.2015 - 12.2017
Indian Institute of Banking and Finance - AML/KYC
07-2015
Analyst, CAPR Payments Investigations & Recon.
Royal Bank Of Scotland, RBS
07.2013 - 05.2015
Bachelor of Commerce (Pass) - Commerce
Delhi University
01.2009 - 04.2012
Manager & Associate Manager, FCSO
Standard Chartered Bank GBS
7 2021 - 04.2024