Vipin Prabhakar, CAMS

Experience

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  Tata Consultancy Services

  May 2012 - Sept 2014

  Senior Process Associate

  •Monitor financial transactions and investigate suspicious activities to identify potential cases of money laundering or terrorist financing.•Conduct customer due diligence, including identity verification and risk assessment, to ensure compliance with regulatory requirements.•Utilize AML software and data analysis tools to detect unusual patterns and anomalies in transaction data.•Prepare and file Suspicious Activity Reports (SARs) in accordance with regulatory guidelines.•Collaborate with the MLRO team to share insights, gather additional information, and prioritize investigations.•Maintain detailed records of investigations, findings, and actions taken.•Conducted rigorous sanction screening procedures to identify and mitigate risks associated with sanctioned individuals, entities, or countries during the customer onboarding process Show less

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  Hsbc Electronic Processing India Private Limited

  Nov 2014 - Dec 2015

  CDD Analyst

  •Facilitated smooth and efficient customer onboarding processes, ensuring compliance with regulatory requirements and internal policies•Conducted periodic reviews of customer accounts to assess and validate the ongoing suitability and risk associated with the customer relationship•Performed thorough Customer Due Diligence (CDD) procedures to verify the identity of customers and assess the level of risk associated with their transactions and activities•Implemented Enhanced Due Diligence (EDD) measures for high-risk customers or transactions, conducting in-depth investigations and gathering additional information to mitigate potential risks Show less

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  Standard Chartered Bank

  Jun 2016 - Oct 2018

  Anti Money Laundering Senior Analyst

  •Established and maintained US Correspondence Banking relationships, ensuring effective communication and collaboration with correspondent banks in the United States•Conducted diligent transaction monitoring activities to detect and investigate any suspicious or potentially illicit transactions•Performed thorough PEP (Politically Exposed Persons) and adverse media searches to assess potential risks associated with high-profile individuals or entities•Ensured accurate and timely filing of Suspicious Transaction Reports (STR) or Suspicious Activity Reports (SAR) as required by regulatory authorities, maintaining compliance with reporting obligations•Led a team of AML analysts in monitoring and investigating financial transactions for suspicious or potentially illicit activity.•Conduct complex customer due diligence (CDD) and enhanced due diligence (EDD) reviews to assess customer risk profiles.•Utilize advanced data analysis techniques and AML software to detect unusual patterns and anomalies in transaction data.•Collaborate with the MLRO (Money Laundering Reporting Officer) team to provide insights, prioritize investigations, and ensure compliance. Show less

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  Mashreq Global Services

  Oct 2018 - Sept 2019

  Team Lead

  •Lead and oversee a team of AML analysts, ensuring they adhere to regulatory compliance and conduct thorough investigations.•Develop and implement AML policies, procedures, and controls to meet regulatory requirements and protect against financial crimes.•Conduct risk assessments and monitor financial transactions for suspicious activities, escalating issues as necessary.•Collaborate with senior management to enhance AML processes, strengthen due diligence measures, and mitigate compliance risks.•Monitored and managed cross-border wire transactions, ensuring compliance with international regulations and sanction requirements•Assigned and allocated cases related to sanctions to the appropriate teams or individuals for investigation and resolution•Managed the workflow of AML and sanction-related cases, ensuring timely and accurate processing and resolution Show less

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  Equiniti India

  Sept 2019 - Aug 2022

  Team Lead Manager

  •Managed and supervised the AML/KYC/Sanction Screening team, Supervising a team of 36 analysts and 6 specialists•Develop and implement effective people management strategies, including talent acquisition, performance management, and succession planning.•Oversee employee onboarding, training, and development programs to enhance team capabilities and ensure alignment with organizational goals.•Foster a positive, inclusive workplace culture that promotes collaboration, innovation, and employee engagement.•Collaborate with senior management to develop and execute HR initiatives that drive employee satisfaction and retention.•Manage employee relations issues, including conflict resolution, disciplinary actions, and grievance procedures, while ensuring adherence to company policies and legal regulations.•Conducted regular team meetings, performance evaluations, and individual coaching sessions to enhance team performance and development.•Collaborated with cross-functional teams to improve processes and workflows, resulting in increased efficiency and productivity.•Effective problem solver and strategic thinker dedicated to driving organizational success through effective people management.•Led and oversaw a team of AML and sanctions analysts, ensuring they adhere to regulatory compliance and conduct thorough investigations.•Develop, implement, and continuously enhance AML and sanctions policies, procedures, and controls to meet evolving regulatory requirements and mitigate financial crime risks.•Conduct risk assessments and monitor financial transactions for suspicious activities and sanctions violations, escalating issues as necessary.•Prepare and file Suspicious Activity Reports (SARs) and sanctions breach reports in accordance with regulatory guidelines.•Collaborate with senior management and stakeholders to enhance AML and sanctions processes, strengthen due diligence measures, and mitigate compliance risks. Show less

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  Commercial Bank of Dubai

  Dec 2022 - Apr 2023

  AML Compliance Officer

  •Provided independent oversight and validation of the organization's AML program, ensuring compliance with regulatory requirements and internal policies •Proficient in AML and CTF regulations, with a strong understanding of KYC (Know Your Customer) and CDD (Customer Due Diligence) procedures.•Skilled in transaction monitoring, data analysis, and SAR (Suspicious Activity Report) preparation.•Experience with sanctions screening, risk assessment, and conducting investigations.•Strong communication and collaboration skills, with the ability to work effectively in a team environment.•Detail-oriented and committed to maintaining the highest ethical standards in financial compliance.•Conducted comprehensive reviews of AML policies, procedures, and controls to identify gaps and recommend enhancements for improved effectiveness.•Continuously monitor financial transactions and activities for unusual or suspicious patterns.•Use automated AML (Anti-Money Laundering) monitoring systems to flag potentially suspicious transactions.•Analyse customer data, transaction records, and other relevant information to identify patterns, trends, and anomalies that may indicate money laundering or terrorist financing.•Collaborated and coordinated with legal, regulatory, and other compliance-related authorities to ensure alignment with industry standards and best practices•Stayed updated on dynamic changes in laws and regulations that impact the organization, ensuring proactive compliance adjustments•Utilize data analysis tools and techniques to detect potential financial crimes.•Collaborated with the First Line of Defence to develop and implement risk-based AML controls, including transaction monitoring and customer due diligence.•Led AML risk assessments, identifying emerging risks and coordinating mitigation strategies with cross-functional teams. Show less

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  Accenture in India

  Aug 2023 - now

  Ops Lead