Lexis Nexis, World Check
Priyanka Madaan
Compliance Specialist
Dubai
Summary
Dynamic and highly qualified AML Analyst with extensive knowledge of accounting principles, taxation policies, government regulations, and income tax procedures. In-depth understanding of anti-money laundering procedures and laws. Self-motivated and highly organized with an exceptional work ethic.
Overview
6
6
years of professional experience
7
7
years of post-secondary education
1
1
Language
Work History
Compliance Consultant, Corporate and Banks
Consulting
Delhi NCR
07.2020 - 06.2023
- Implemented improvement initiatives and developed compliance testing program to monitor and identify gaps in new and existing practices.
- Managed practical action plans to respond to audit discoveries and compliance violations.
- Identified, investigated and documented compliance violations and recommended corrective measures.
- Collaborated with internal and external stakeholders, auditors and legal counsel to confirm compliance with applicable laws and regulations.
- Maintained up-to-date knowledge of current and emerging compliance regulations.
- Responded to employee inquiries regarding compliance regulations and procedures.
- Investigated and documented all violations of compliance regulations to determine necessary improvements.
- Prepared and submitted regulatory filings in timely manner.
- Communicated with compliance manager to thwart potential money laundering or terrorist financing.
- Identified threats, vulnerabilities and suspicious behavior patterns to recommend mitigation measures.
- Prepared reports, metrics and research to support fraud initiatives and projects.
- Partnered with fraud manager to research and investigate cases.
- Interacted with law enforcement agencies, regulators and financial institutions to coordinate investigations related to fraudulent activities.
- Investigated activities of institutions to enforce laws and regulations, assessing legality of transactions and operations or financial solvency.
- Developed and delivered compliance training to team members and bank staff.
- Conducted KYC formality reports on questionable accounts and transactions.
- Adjusted end-to-end KYC process needs to align with workforce capabilities.
- Supported KYC processes for prospective and existing customers.
- Researched and interpreted corporate documentation to determine business and ownership structure.
- Reviewed new prospect KYC documents to meet requirements and determine business model risk.
- Analyzed and investigated clients to conduct detailed customer due diligence and enhanced due diligence review.
- Conducted thorough reviews for high risk clients based on stratified risk level guidelines.
- Prepared high-risk reviews with results and recommendations for customer onboarding, closure and retention.
- Performed periodic reviews and reports on merchants to comply with rules, regulations and KYC requirements.
Compliance Specialist
M3M INDIA PRIVATE LIMITED
Delhi NCR
07.2019 - 07.2020
- Managed quality programs to reduce overdue compliance activities.
- Directed and implemented strategic improvement plans to integrate solutions to audit findings and workflow process issues.
- Served as subject matter expert by advising staff and customers and working directly with external agencies throughout audits or to remedy compliance issues.
- Performed quality control reviews of all loan packages to check adherence with federal and state regulatory requirements.
- Used transactional and customer records, external data and publicly available information to identify suspicious or unusual activity.
- Researched and verified parties involved in suspicious activities and transactions against various databases such as LexisNexis and World-Check.
- Identified and researched patterns, trends and anomalies in transactional and customer data to detect and prevent suspicious activity related to money laundering and terrorist financing.
- Received, researched and resolved consumer inquiries.
- Developed and documented procedures for investigation and reported on non-compliance.
- Maintained up-to-date knowledge of applicable laws and regulations.
- Collected detailed notes on investigations and other communication to adhere to legal requirements and enhance recordkeeping.
- Investigated locations to confirm license data, conducted background checked and assessed premises for compliance with licensing requirements.
- Identified gaps in existing compliance processes and recommended updates.
- Evaluated and monitored supplier and partner relationships to support compliance.
Corporate Secretary Trainee
Olam Agro
Delhi NCR
02.2017 - 12.2018
- Maintained up-to-date knowledge of current and emerging compliance regulations.
- Prepared and submitted regulatory filings in timely manner.
- Identified, investigated and documented compliance violations and recommended corrective measures.
- Responded to employee inquiries regarding compliance regulations and procedures.
- Collaborated with internal and external stakeholders, auditors and legal counsel to confirm compliance with applicable laws and regulations.
- Developed and maintained system for tracking and reporting compliance violations.
- Investigated and documented all violations of compliance regulations to determine necessary improvements.
- Reviewed, revised and updated compliance policies and procedures to confirm continual compliance with applicable laws.
- Monitored and assessed compliance risks associated with operational processes and procedures.
- Developed and maintained compliance database, tracking all compliance activities and documents.
Education
Master in Compliance - Legal Compliance
Institute of Company Secretaries of India (ICSI)
Delhi 07.2012 - 07.2016
Bachelor of Business - Business Study
University of Delhi
Delhi 07.2001 - 07.2004
Skills
Policy assessment
Document processing
Law enforcement assistance
Planning and Coordination
Federal and state regulations
Fraud investigation
Vulnerability examination
Affiliations
Institute of Company Secretaries of India
Software
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
There is a powerful driving force inside every human being that, once unleashed, can make any vision, dream, or desire a reality.
Tony Robbins
Timeline
Compliance Consultant, Corporate and Banks
Consulting
07.2020 - 06.2023
Compliance Specialist
M3M INDIA PRIVATE LIMITED
07.2019 - 07.2020
Corporate Secretary Trainee
Olam Agro
02.2017 - 12.2018
Master in Compliance - Legal Compliance
Institute of Company Secretaries of India (ICSI)
07.2012 - 07.2016
Bachelor of Business - Business Study
University of Delhi
07.2001 - 07.2004