Vineet Malpani
Dubai,UAE
Summary
Experienced compliance professional with strong expertise in AML/CFT compliance, financial crime risk management, and regulatory adherence within the banking sector. Skilled in conducting KYC, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) assessments to evaluate customer and transactional risk in line with regulatory and internal standards. Proficient in sanctions screening and adverse media analysis across OFAC, UN, EU, and CBUAE frameworks, ensuring effective identification and mitigation of financial crime risks. Strong knowledge of regulatory compliance, policy implementation, and internal control requirements to support risk-based decision-making. Experienced in onboarding review, documentation validation, and quality assurance checks to maintain accuracy and compliance integrity. Adept at collaborating with cross-functional teams to support regulatory requirements and strengthen financial crime prevention frameworks.
Overview
18
18
years of professional experience
3
3
years of post-secondary education
1
1
Certification
Work history
Group Risk Analyst – Enhanced Due Diligence Analyst/Sanctions Screening
Network International LLC
Dubai, United Arab Emirates
05.2024 - Current
- Led end-to-end compliance-focused onboarding and risk assessment for B2B merchants including Corporates, SMEs, Enterprise Clients, PSPs, Aggregators, and Vendors within the acquiring business, ensuring adherence to AML/CFT and regulatory requirements.
- Conducted Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), sanctions screening, and ongoing risk profiling to identify financial crime, reputational, and regulatory risks.
- Prepared detailed EDD reports, compliance assessments, and risk evaluation documentation to support onboarding approvals and senior management decision-making.
- Reviewed merchant business models, ownership structures, transaction patterns, source of funds, Wolfsberg Questionnaires, and AML frameworks to assess the effectiveness of compliance controls.
- Investigated potential CB UAE, OFAC, EU, and UN sanctions exposure, including clearing Dow Jones alerts and conducting enhanced reviews for clients linked to high-risk or sanctioned jurisdictions.
- Conducted quarterly RCSA testing, regulatory gap assessments, and compliance monitoring activities to ensure alignment with Financial Crime Compliance (FCC) standards and CB UAE regulations.
- Actively supported regulatory inspections, external audits, remediation initiatives, and KYC remediation projects to strengthen compliance governance and operational effectiveness.
- Collaborated with Fraud, Chargeback, Operations, and Business teams to provide strategic advisory on AML, CFT, CPF, sanctions compliance, risk mitigation, and identification of suspicious or high-risk activities.
Senior Compliance Officer
Al Ansari Exchange LLC
Dubai, United Arab Emirates
10.2021 - 04.2024
- Led onboarding and compliance due diligence for Correspondent Banks, FinTechs, Exchange Houses, and Cash Collection arrangements, ensuring adherence to AML/CFT regulations and internal compliance standards.
- Prepared comprehensive Enhanced Due Diligence (EDD) reports and risk assessments to support the establishment and approval of high-risk business relationships.
- Conducted detailed analysis of Wolfsberg Questionnaires, AML policies, and governance frameworks, including compliance discussions with financial institutions to evaluate the effectiveness of AML controls.
- Managed regulatory submissions to the Central Bank of the UAE (CB UAE), including preparation and submission of EDD documentation to obtain Letters of No Objection (LNO).
- Performed ongoing monitoring, periodic reviews, and risk re-assessments of correspondent banking and financial institution relationships based on assigned risk ratings.
- Conducted quality assurance reviews and filed Suspicious Activity Reports (SARs/STRs) arising from investigations related to correspondent banking, sanctions, fraud, and financial crime compliance matters.
- Managed STR submissions through the CB UAE goAML FIU platform, ensuring accurate reporting, timely escalation, and proper record maintenance for audit and regulatory review purposes.
- Utilized compliance and risk intelligence tools including World-Check/Refinitiv, Corruption Perception Index, Financial Secrecy Index, Basel AML Index, and FATF guidance to assess country, customer, and institutional risk exposure.
Business Development Officer
Mashreq Bank
Dubai, United Arab Emirates
01.2019 - 10.2021
- Consistently achieved and exceeded monthly sales targets by converting digitally generated leads into active customers, generating referrals for additional sales opportunities, and successfully promoting retail banking products and financial solutions while ensuring full compliance with regulatory and internal policy requirements
- Recognized for outstanding sales performance and service excellence, including receiving a CEO Award for consistently delivering high productivity, strong customer acquisition results, and exceptional client relationship management.
- Developed and maintained long-term customer relationships by understanding clients’ financial needs, recommending suitable banking solutions, and delivering professional, ethical, and customer-centric service.
- Assisted in reviewing customer KYC documentation and ensuring Customer Due Diligence (CDD) checks were accurately completed in accordance with AML/CFT regulations, internal compliance procedures, and risk management standards.
- Supported account onboarding and application review processes by validating customer identification documents, conducting screening checks, and ensuring adherence to Customer Identification Program (CIP) and regulatory compliance requirements.
- Coordinated with Compliance, Operations, and Relationship Management teams to resolve onboarding discrepancies, mitigate potential financial crime risks, and ensure timely customer onboarding.
- Utilized banking systems and platforms including CRM, PRIME, and FLEXCUBE to manage customer records, track onboarding activities, maintain compliance documentation, and support efficient sales and operational processes.
Senior Relationship Officer
Citibank
Dubai, United Arab Emirates
07.2014 - 04.2017
- Managed customer relationships within the Retail Banking Group by acquiring new clients through digitally generated leads and recommending suitable banking products and financial solutions based on customer requirements.
- Consistently exceeded monthly sales and performance targets through effective client engagement, relationship management, and delivery of high-quality customer service.
- Supported business support and onboarding functions by reviewing customer applications, validating supporting documents, and ensuring completeness and accuracy prior to submission for approval.
- Performed KYC, CDD, and customer screening checks in accordance with AML/CFT regulations, internal compliance procedures, and regulatory standards to mitigate financial crime and reputational risks.
- Conducted detailed scrutiny of customer profiles, identification documents, and application information to identify discrepancies, escalate high-risk cases, and ensure adherence to compliance and quality assurance requirements.
- Collaborated closely with Compliance, Operations, and Credit teams to facilitate smooth onboarding processes, resolve documentation issues, and deliver efficient, timely, and customer-focused banking services.
Branch Sales Manager
ICICI Bank
Mumbai
06.2010 - 05.2014
- Actively sourced and onboarded Corporate, SME, and Retail banking clients by ensuring strict adherence to KYC and Enhanced Due Diligence (EDD) requirements in line with regulatory, AML/CFT, and internal compliance standards.
- Performed comprehensive Enhanced Due Diligence investigations, including adverse media and background screening, to identify reputational, financial crime, and regulatory risks for informed decisions on onboarding, continuation, or termination of customer relationships.
- Strengthened existing client portfolios by offering tailored banking products aligned with customers’ risk profiles, financial behavior, and regulatory suitability, while driving sustainable revenue growth.
- Developed new profitable and compliant business relationships through strategic client engagement and relationship management, ensuring alignment with organizational risk appetite and compliance frameworks.
- Conducted regular daily team huddles to communicate procedural updates, regulatory changes, and compliance requirements while sharing best practices to enhance team performance and operational consistency.
TeleSales Executive
Emirates NBD
Dubai, United Arab Emirates
07.2008 - 02.2010
- Promoted and cross-sold a wide range of retail banking products and services by identifying customer needs and delivering tailored financial solutions to maximize sales conversion.
- Acquired and onboarded personal savings accounts in strict compliance with KYC and Enhanced Due Diligence (EDD) requirements, ensuring adherence to regulatory and internal compliance standards.
- Consistently achieved and exceeded sales targets through effective objection handling, strong negotiation skills, and successful closure of sales opportunities.
- Maintained high levels of customer engagement throughout the sales cycle, ensuring a seamless and positive customer experience from initial contact to account activation.
- Developed and sustained long-term customer relationships to drive repeat business, improve customer retention, and support continuous revenue growth for the bank.
Education
Bachelor of Science - Major in Chemistry
Kishinchand Chellaram College
India, Mumbai 06.2005 - 04.2008
Postgraduate Degree - Post Graduate Diploma in Banking Operations
Institute of Finance, Banking and Insurance
Mumbai, India 04.2010 - 08.2010
Skills
- AML/CFT Compliance & Financial Crime Risk Management
- KYC/CDD/EDD Due Diligence & Customer Risk Assessment
- Sanctions Screening & Adverse Media Investigation (OFAC, UN, EU, CBUAE frameworks)
- Regulatory Compliance & Policy Adherence (Central Bank & Internal Controls)
- Relationship Management & Client Acquisition (Retail, SME, Corporate Banking exposure)
- Sales Target Achievement & Revenue Growth (Cross-selling, upselling, lead conversion)
- Credit & Onboarding Documentation Review with Quality Assurance Controls
Certification
- ACAMS Certified (REFERENCE N ER-005221776)
- PGDBO (IFBI - Mumbai)
- CPD Compliance from Crowe Mak (2021,2022,2023)
Accomplishments
- Promoted from Executive to Senior Compliance Officer during tenure at Al Ansari Exchange LLC in recognition of consistent high performance, strong operational capability, and effective management of compliance responsibilities in line with regulatory requirements.
- Awarded the CEO Award (2020) at Mashreq Bank for outstanding performance, demonstrating excellence in sales achievement, customer service delivery, and significant contribution to overall business growth objectives.
- Received multiple internal awards and certificates at Mashreq Bank for sustained high performance, consistent achievement of targets, and strong adherence to service excellence and compliance standards.
- Earned several awards and certificates at Citibank in recognition of consistent professionalism, strong performance, and contributions to operational efficiency and service excellence within a regulated banking environment.
Timeline
Group Risk Analyst – Enhanced Due Diligence Analyst/Sanctions Screening
Network International LLC
05.2024 - Current
Senior Compliance Officer
Al Ansari Exchange LLC
10.2021 - 04.2024
Business Development Officer
Mashreq Bank
01.2019 - 10.2021
Senior Relationship Officer
Citibank
07.2014 - 04.2017
Branch Sales Manager
ICICI Bank
06.2010 - 05.2014
Postgraduate Degree - Post Graduate Diploma in Banking Operations
Institute of Finance, Banking and Insurance
04.2010 - 08.2010
TeleSales Executive
Emirates NBD
07.2008 - 02.2010
Bachelor of Science - Major in Chemistry
Kishinchand Chellaram College
06.2005 - 04.2008