SHILPA NITHILRAJ
Dubai,UAE
Summary
Banking compliance professional with over 8 years of experience in regulatory compliance and risk management. Expertise in KYC, due diligence, document verification, and transaction monitoring. Proven track record in handling inquiries from correspondent banks and law enforcement, ensuring adherence to compliance standards. Skilled in payment screening and STR filing, contributing to organizational integrity and risk mitigation.
Overview
12
12
years of professional experience
2012
2012
years of post-secondary education
1
1
Certification
Work history
Compliance Officer- Payment Screening
Mashreq Bank
Dubai
12.2023 - Current
- Analysing the hits in the compliance filtered transactions pertaining to various watchlists(UN,OFAC,HMT ) and internal watchlists.
- Releasing the filtered transactions after review of all hits.
- Raising RFIs for those transactions that require further information / supporting documents from internal stakeholders/correspondent banks.
- Reviewing the supporting documents including trade documents , shipping documents and personal ID copies and releasing the transactions if found to be false match.
- Declining the payments if the hit is to be a true match.
Compliance Specialist-Transaction Monitoring Unit
Tanfeeth(EmiratesNBD)
Dubai
01.2024 - 08.2024
- Analyzed customer profiles and transactions for trends or anomalies that could indicate money laundering or other financial crimes.
- Ensured accuracy of all data captured during investigation process by verifying sources before entering information into database.
- Drafted reports outlining findings from investigations into suspicious activity; provided recommendations for additional action when necessary.
Anti Money Laundering Analyst
Wallstreet Exchange Centre LLC
Dubai
05.2018 - 11.2022
- Monitoring FCRM alerts(Fiserv/PBC) to identify any trace of money laundering or financing of terrorism and taking further action to mitigate any risk involved.
- Filing Suspicious transaction reports on potentially suspicious transaction (Goaml portal).
- Filing Suspicious Activity reports on customers attempting to conduct transactions based on results of negative media
- Filing counterfeit foreign currency notes reports(SAR) on Goaml portal of CBUAE Analyzing customer database and replying to surveys published by Executive Office for Control and Non proliferation.
- Conducting payment screening against prominent watchlists and internal lists (Finscan) and taking appropriate action.
- Preparing required reports and replying to compliance enquiries from correspondent bank.
- Verifying required reports and replying to IEMS enquiries (checker access).
- Reviewing customer onboarding form and required supporting documents to ensure client due diligence and risk profiling.
- Doing proper documentation for record keeping
Reconciliation Processor
Mashreq bank
01.2016 - 05.2016
- Tracked online banking signature mandate of customers to identify any discrepancies between online banking mandate and conventional banking signature mandate.
- Recording of all discrepancies in every reviewed account to be used for taking remedial action.
- Real Estate Developer Account Reconciliation for RERA Audit.
- Tracked real estate developer customers’ account to identify any discrepancies
- Project Name: Online Banking Signature Mandate Reconciliation
Compliance Processor
Tanfeeth(ENBD)
Dubai
09.2015 - 11.2015
- Analyzing and verifying documents of Individual and Corporate customers of bank as per KYC central bank guidelines.
- Identifying and capturing of Ultimate Beneficiary Owners details in case of entity accounts.
- Review of FATCA forms to ensure it is filled up as per guidelines of FATCA Booklet.
- FATCA compliance in terms of identifying USA customers as per alert generated in FCRM system and review and remediation of same.
- Recording discrepancies if any in every reviewed account to be used for future remediation purpose.
- Internal Quality Analysis on new accounts opened daily to ensure that it satisfies compliance requirements.
- FATCA(Foreign Account Tax Compliance Act)
- UBO(Ultimate beneficial Owner) Identification- USA
Assistant Manager
Canara Bank
02.2014 - 02.2015
- Ensuring smooth running of daily banking transactions. Building relationships with high net worth individuals.
- Answering any financial and banking queries.
- Dealing with activation of digital banking like internet and mobile banking for customers
- Providing advice on investment. Card operation and maintenance.
- Verifying customer data to detect and identify financial fraud.
- Opening new bank accounts for individuals and entities
Education
Bachelor of Technology - Electronics and Communication
Cochin University of Science and Technology
Skills
- Compliance knowledge
- Compliance Monitoring
- Fraud detection
- Sanctions compliance
- Data analysis
- Attention to detail
- Time management
Certification
ACAMS
References
References available upon request
Timeline
Compliance Specialist-Transaction Monitoring Unit
Tanfeeth(EmiratesNBD)
01.2024 - 08.2024
Compliance Officer- Payment Screening
Mashreq Bank
12.2023 - Current
Anti Money Laundering Analyst
Wallstreet Exchange Centre LLC
05.2018 - 11.2022
Reconciliation Processor
Mashreq bank
01.2016 - 05.2016
Compliance Processor
Tanfeeth(ENBD)
09.2015 - 11.2015
Assistant Manager
Canara Bank
02.2014 - 02.2015
Bachelor of Technology - Electronics and Communication
Cochin University of Science and Technology