KOMAL RANI VIG
Scarborough
Summary
Well-versed in monitoring with a demonstrated history of 5+ years of work experience in the Banking and Fintech industry, AML, TF, Risk Management and Compliance as per company policies and procedures, Canadian and Global regulatory laws, and regulations, Management of Annual Financials reviews, Conduct EDD, Financial Crime Compliance, Transaction Monitoring, Sanction screening, SAR, CTR analysis, Risk mitigation and portfolio risk management. Gained experience in implementing financial procedures & internal auditing, and operational risk management.
Overview
6
6
years of professional experience
1
1
Certification
Work History
Quality Reviewer/ Transcriptionist
LXT AI Inc
Toronto
09.2022 - Current
- Reviewing, Listening and transcribing audio or video files of various lengths with a high degree of accuracy and within a reasonable timeframe according to specific guidelines and project requirements for UK, AU, US and Indian English
- Data classification and data labeling according to defined criteria.
Compliance Specialist
Multipass Platforms Limited
Gurgaon
01.2022 - 08.2022
- Reviewed transactions to identify any Money or Terrorist Financing cautionary flags, performed risk-based reviews on transaction monitoring cases, analyzed trends and mitigating ML-TF risks, Final onboarding/ agent approvals of high-risk accounts, correspondence bank queries, post-monitoring transactions, SAR filing.
- Performed gap analysis and identified AML and Compliance Regulatory issues compared to the laws & regulations in force, responsibility for FCA and EU reporting, management reporting, risk assessment and development of a risk-based monitoring program.
- Worked closely with the Compliance Director & MLRO to build awareness of the firm’s regulatory obligations, and review and maintenance of Compliance guidance, policy, and procedures.
- Served as subject matter expert by advising staff and customers and working directly with external agencies throughout audits or to remedy compliance issues.
- Played a key role in developing and launching corporate payment cards, partnered with Moorwand (PSP) and Tribe Payments (payments processor), risk monitoring tool for card transaction monitoring and provided research and development of training requirements.
TCPS Analyst
American Express (India) Private Limited
Gurgaon
06.2019 - 12.2021
- Conducted Know Your Customer (KYC) on new FXIP applications and Enhanced Due Diligence (EDD) Review on high-risk account applications, Detailed knowledge about UBO, Negative alert Review, Sanctioned Countries, Global EDD of all the markets like USA, Europe, JAPA as per FinCEN, EU, FCA requirements.
- Performed reviews, Sanctions, Negative News and other High-Risk entities in line with regulatory requirements, Timely clearance of Bridger hits of payments processing, batch scanning, real-time.
- Monitored & conducted compliance periodic reviews as part of Ongoing Due Diligence on customer accounts based on their AML risk rating as per regulations and government audits, worked on KYB (Know your business) on FXIP account applications and managed the Working Capital Terms (WCT) program.
- Conducted research using a variety of online sources, especially commercial registries and corporate databases, desktop-based research for online due diligence reports and databases such as Lexis-Nexis, D&B Hoovers, World Check, and Dow Jones.
- Mentored and Motivated subordinates individually to enhance service standards, and team development, handling day-to-day routine and month-end activities, weekly, and monthly client reports and MIS.
Senior Research Associate
WNS Global Services Pvt. Ltd
Gurgaon
05.2017 - 05.2019
- Completed profiling of banks including their financials, shareholding, group structure, due diligence, research and compliance, and risk control measures, Review current and historic KYC documentation
- Updated AML documents, Counter terrorist financing policies, Wolfsberg group questionnaire, and US Patriot Certificates
- Contacted Sr Executives, Portfolio managers, and Heads of the bank to have the first Point of contact for updating the bank's database in our client's product Bankers Almanac, Secondary research on Corporate Actions (Mergers, Acquisition, Liquidation) happened worldwide and updated the same on the database.
Intern
Sharekhan Limited
Delhi
06.2016 - 08.2016
- Online Trading of shares and opened DEMAT accounts.
- Dealt with shares in the corporate world, understanding the equity market concept, stock exchanges, regulatory bodies, perception of investors and the trading system in India.
Education
Post Graduate Certificate - Financial Services Compliance Administration
Seneca College of Applied Arts and Technology
Master of Business Administration - Finance and Marketing
Guru Gobind Singh Indraprastha University
B.A. Honours - English Language and Literature
University of Delhi
Skills
- Anti-Money Laundering, Terrorist Financing (AML, TF), KYC, Due Diligence Review, Fraud Investigations
- Transaction Monitoring, Sanction and Adverse Media Screening
- SAR, CTR, OFAC, PEP, CDD, EDD
- Regulatory Compliance Administration and Risk Management, Risk Strategy and Risk Management
- Financial Services Sector, its Banking and Insurance Products and Services
- Investment Strategies: Capital Markets & its Financial Instruments, Privacy Compliance Management and Identity Theft
- Corporate Governance in a Canadian Legal System, Compliance Communication and Complaint Handling Skills
- Salesforce, Citrix, World Check, Lexis Nexis, Bridger, Comply Advantage
- D&B Hoovers, Dow Jones, Sumsub, Cadence, Tribe Payments
Certification
ACAMS: Expected certification -
Winter 2023
Accomplishments
- Received a Certificate of Appreciation for successfully implementing and launching corporate payment cards and being a great team member in 2022 at Multipass Platforms Limited.
- Rewarded with the “Blue Rewards” award in 2020-21 and 2019-20 at American Express for outstanding demonstration of teamwork and self-contribution, presented process improvement ideas, contribution on quality control end, completion of BAU activities and managing high volumes, successful completion of Pilot WCT project.
- Successfully implemented process improvement ideas in the year 2020 through Synbots for reducing the sanctions batch scan alerts on Standard Chartered Bank. Awarded “Excel at Work- Achiever” in League of Champions at WNS Global Services in Q4 2017-18 by EVP for delivering outstanding performance.
Timeline
Quality Reviewer/ Transcriptionist
LXT AI Inc
09.2022 - Current
Compliance Specialist
Multipass Platforms Limited
01.2022 - 08.2022
TCPS Analyst
American Express (India) Private Limited
06.2019 - 12.2021
Senior Research Associate
WNS Global Services Pvt. Ltd
05.2017 - 05.2019
Intern
Sharekhan Limited
06.2016 - 08.2016
Post Graduate Certificate - Financial Services Compliance Administration
Seneca College of Applied Arts and Technology
Master of Business Administration - Finance and Marketing
Guru Gobind Singh Indraprastha University
B.A. Honours - English Language and Literature
University of Delhi
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