SHERIN DEVASSY

Experience

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  Al Rostamani International Exchange

  Oct 2005 - Apr 2007

  Teller
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  Abu Dhabi Commercial Bank

  Jul 2007 - Oct 2019

  Compliance Officer

  Within the scope of my last role, I was primarily accountable to evaluate all compliance policies & procedures and attend all reviews for internal & external departments to promote all compliance programs. I am a key member to end-to-end management of client KYC process including liaison across the business, compliance and operations as well as document onboarding decisions for reviewed clients, provide advisory for sanctions matches referred by Operations & BUs and provide sign-off for account opening for increased risk and Politically Exposed Persons (PEP) customers to ensure compliance with regulatory requirements. Moreover, I played a pivotal role in performing ongoing customer due diligence factoring AML/CFT & sanctions risks including maintenance and updating of AML and KYC records and information for existing clients and liaised with BUs and Vigilance & Control Team to ensure the quality of KYC forms & documents, I even performed AML investigation on suspicious transactions triggered by automated AML system, investigated using internal/external systems to detect the unusual transaction patterns, determined the source of funds, reviewed transaction alerts, prior STR raised and documents with the bank at the time of account opening and any documents collected relevant to the case maintained with the bank.Further to this, I drove document research & analysis related to the financial activity and related entities of clients, for an audience that includes Management, Regulators, Internal Audit, Senior Managers, and Internal Compliance. I was also involved in planning, scheduling & executing annual FATCA & CRS reporting activities and updated the organization’s risk assessment and sanctions procedures with the most recent inputs from FATF, OFAC, UNSC, EU, UKHMT List. Show less

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  Ernst & Young

  Jul 2021 - now

  Senior Consultant