VINOD SRINIVASAN
Dubai
Summary
Motivated and results-driven professional with more than ten years of experience in the banking and financial services sector; systematic and diligent in approach, with a strong dedication to quality. Pursuing possibilities that are both demanding and fulfilling while learning new skills and developing oneself.
Overview
12
12
years of professional experience
1
1
Certification
Work History
Compliance Manager and MLRO
ICM Limited
11.2022 - Current
- Act as contact point with Financial Services Regulatory Authority (FSRA) and carry out the FSRA post license file review/thematic reviews
- Oversee and review the company's compliance procedures to ensure that the company meets the requirements of FSRA
- Oversight of the firm's AML systems in or from ADGM and update the AML Policies, procedures, systems, and controls (collectively AML Systems)
- Implement and monitor the adequacy of compliance programs regularly
- Advise on marketing control
- Prepare monthly compliance report to brief the board on regulatory issues
- Ensure a risk-based approach is adopted in onboarding the Clients
- Ensure compliance Audits are carried out
- Follow up on external and internal audit reports regarding compliance issues
- Contact point for all employees for internal reporting of suspicious transactions
- Respond promptly to requests for information made by the relevant authorities like FIU, UAE and ADGM FSRA
- Receive and act upon findings received by the government or government departments of the UAE including Central Bank of UAE, the FIU AMLSCU, FATF and ADGM FSRA
Compliance Manager, MLRO and Risk Officer
Plus Capital Limited
02.2021 - 10.2022
- Devising a robust risk-based written Compliance Monitoring Program
- To oversee and review the company's compliance procedures to ensure that the company meets the requirements of FSRA
- Responding to alleged violations of rules, regulations, policies, procedures, and code of conduct or ethics
- Acting as contact point with Financial Services Regulatory Authority (FSRA) and CBUAE
- Prepare reports for senior management and external regulatory bodies as appropriate
- Review of Account Opening / Client On-boarding / KYC Documents at initiation and ongoing basis
- Acting as the point of contact to receive information and coordinate requests from employees regarding AML issues
- Submitting SAR to FIU and sending corresponding copies to the FSRA
- Responding promptly to any request for information made by competent UAE authorities or the FSRA
- Periodically update the Board relating to AML and other regulatory matters
Compliance Manager, MLRO and Risk Officer
Silwana Brokerage And Commodities Listed on Local Markets LLC
08.2020 - 02.2021
- Assisting in obtaining SCA regulatory license for the Firm
- Developing relevant compliance and KYC policies
- Implementation of the Risk management framework and policy procedures
- Designing compliance training templates
- Regular liaising with SCA in updating the requisite information and licensing documentation.
Junior Compliance Consultant
Dexterity Management Consultancy DMCC
09.2019 - 07.2020
- Assisting the Principal Consultant in preparation of a full-fledged regulatory application to SCA, ADGM and DFSA and FCA
- Analyzing and reviewing prudential requirements and regulations of ADGM, DIFC and SCA etc
- Preparing KYC forms, Broker Client Agreements, and the supporting documents
- Preparation and policy procedures in accordance with relevant regulators.
Senior Analyst, Compliance
Northern Trust Bank
08.2014 - 09.2019
- On boarding the clients through a risk-based approach in line with Financial Conduct Authority (FCA) and local regulator (Securities Exchange Board of India- SEBI) requirements
- Carrying out the background screening through Worldcheck1 software (Now Refinitiv)
- Maintenance of KYC records of Clients through soft scanned copies as well as hard copies
- Ensuring compliance with the FCA's Client Assets Source Book (CASS) Rules
- Ensuring all suspicious transaction are reported to with SEBI
- Monitoring customer cash flows through analyzing the sources of funds
- Was part of the team that put in place compliance and AML policy procedures
- Handling and in charge of escalating queries and breaches in case of non-compliance to the compliance committee
- Constantly determining process improvement ideas, discussing with relevant teams and taking them through implementation
- Tracking market updates and conducting classroom training sessions related to the process and actively conducting and being part of regular meetings and team huddles and brainstorming sessions.
Analyst - Compliance
ANZ BANKING GROUP
09.2012 - 09.2013
- Action daily reports and reconcile internal accounts by referring ANZ systems, including SBMA & AS400
- Deliver investigation solutions to the correct areas and to ensure that the internal customers are kept informed in an accurate and timely manner
- Handling entire gamut of tasks involved in services for smooth and complaint free operations as well as ensuring compliance with requirements
- Handling KYC, background screening.
Education
Master of Business Administration - Finance
M S Ramaiah College
Bangalore, India08.2012
Bachelor of Business Management -
Baldwin Methodist College
Bangalore, India06.2010
Skills
- Self-motivated
- Effective team player
- Interpersonal skills
- Effective understanding towards the process
- Exposure in handling all stakeholder issues
- An effective communicator
- Motivating and training team members
- Developing and implementing service standards
- Compliance Monitoring
- Internal Audits
- Training development
- Training and education
Certification
Certified Risk Management Specialist - Targeted Financial Sanctions - EOCN UAE
- Certificate in United Nations Sanctions Obligations & FATF Recommendations
- Certificate in Targeted Financial Sanctions for Financial Institutions, DNFBs, and VASPs
Chartered Institute for Securities & Investment, UK
- Certificate in Securities (United Arab Emirates)
- Certificate in Global Financial Compliance
- Certificate in International Introduction to Investment Award
- Investment Operations Certificate (United Arab Emirates)
Certificate of Attendance
- TFS Pertaining to UNSCR 1373 Freezing Assets and Sanctions Evasion - United Nations Office of Counter-Terrorism
- Applying Risk Based Approach and Strengthening Compliance with FATF Measures - EOCN
- Countering Proliferation Financing - RUSI and, EOCN
- Certificate in Good Screening Practices - International Compliance Association and, EOCN
Professional Memberships
Associate, ACSI - Chartered Institute for Securities & Investment, UK
Timeline
Compliance Manager and MLRO
ICM Limited
11.2022 - Current
Compliance Manager, MLRO and Risk Officer
Plus Capital Limited
02.2021 - 10.2022
Compliance Manager, MLRO and Risk Officer
Silwana Brokerage And Commodities Listed on Local Markets LLC
08.2020 - 02.2021
Junior Compliance Consultant
Dexterity Management Consultancy DMCC
09.2019 - 07.2020
Senior Analyst, Compliance
Northern Trust Bank
08.2014 - 09.2019
Analyst - Compliance
ANZ BANKING GROUP
09.2012 - 09.2013
Master of Business Administration - Finance
M S Ramaiah College
Bachelor of Business Management -
Baldwin Methodist College
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