Monica Velama (CAMS, CAME)

Experience

• 

  Cognizant

  Jul 2015 - Mar 2017

  • Investigation and correction of the daily P&L generated through effective reconciliation between the Risk Management System (RMS) and the downstream systems.• Reconciliation of the P&L produced by RMS vs. P&L posted to the general ledger.• Key interactions with the Trading desk heads, Operations, Technical divisions.• Reviewing the balance sheet daily and ensuring funding attributed in the daily P&L is explainable.• Writing commentaries on large P&L swings, explaining in terms of book risk positions and economic factors.• Investigation and correction of reconciliation breaks involving communication with other BUCs, operations, and IT teams Writing commentaries on large PnL swings, explaining in terms of book risk positions and economic factors. Show less • Understanding front to back valuation & settlement process affecting Bond product streams of underwriting business. • Part of Syndication process which includes birth of the deal, recognition, invoice raising, cash settlement and deal closure. • Review of the daily P&L amongst its various components such as New Business, Mark to Market and calculation of FX exposure. • Communication of the daily P&L to BUC management in Singapore for consolidation and reporting to desks. • Reviewing the balance sheet daily and ensuring funding attributed in the daily P&L is explainable.Achievement: Promoted as Senior Process Executive. Show less

  • Senior Process Executive

    Aug 2016 - Mar 2017

  • Process Executive

    Jul 2015 - Jul 2016
• 

  Standard Chartered Bank

  Apr 2017 - now

  • Executing responsibility for identifying, assessing, monitoring, controlling, and mitigating financial crime risk, sanctions risk and reputational risks to the Group. • Ensuring appropriate escalation to Country/Group Governance Committee or other stakeholders in senior management, risk, or control functions as appropriate. • Ensuring compliance with the highest standards of regulatory conduct and compliance practices as defined by internal and external requirements.• Driving an environment of collaboration, both within the team and across the wider Group, to ensure issues are raised and blockages are resolved in a timely manner. • Maintaining relevant MIS databases and provide reporting for critical items in a timely manner to allow for management oversight.• Supporting the Country Head of Client Onboarding and Country PvB Business Head in co-ordinating and resolving trade-offs between competing priorities by establishing a close working relationship with functional partners including T&I, Risk, Compliance, FCC, HR, Finance, Legal and Audit. Show less • Proposing control improvements, enhancements, and simplifications where appropriate.• Being accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Control Outcome framework.• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensuring senior management are informed and that actions are taken quickly to remediate and/or activities are ceased.• Collating, analysing, and identifying key thematic trends in QCO results and report / assist in reporting to senior management and relevant governance / risk committees. • Assisting in reporting of QCO of key regulatory / audit action items, if any.• Analysing and interpreting data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus driving remediation action within the FCC function.Achievements:Promoted as Manager. Show less • Managing and resolving the cases by employing the correspondent DOI to process risk events.• Doing Assess, Analyse and Further Analysis cases and escalating regarding the money laundering concerns. • Applying group and FCC policies and AML surveillance, client screening, risk assessment to manage risks. • In the event of serious regulatory breaches, or where risk tolerances have been breached, ensuring the senior management are informed and that actions are taken quickly to remediate and/or activities are ceased.• Supporting all control checks undertaken by FCC under the Operational Risk Framework (ORF).Achievements:Promoted as Senior Specialist. Show less

  • Governance Manager

    Aug 2022 - now

  • Senior Specialist - Quality Control

    Feb 2021 - Jul 2022

  • Specialist - Transaction Monitoring

    Apr 2017 - Jan 2021