Derick Saldanha Email & Phone Number

Dubai, United Arab Emirates

Dubai, Ae

Dubai, Ae

- Design the AML/CFT Policy and Procedure, and submit the Policy to the Board of Directors for approval;- Implement the approved AML/CFT Policy and Procedure;- Identify, document and assess the compliance risks associated with the Entity's business activities;- Maintain effective communication with the local regulatory authorities;- Review and assess iSTR’s (Internal Suspicious Transaction’s Reports);- Report any Suspicious Transactions to the Financial Intelligence Department ("FID") at CBUAE, SCA and IA;- Prepare the Quarterly and Yearly Compliance Report, and implement any instructions by the Board of Directors for further actions and activities to comply with the Legal and Regulatory Framework of the UAE;- Apply the approved compliance budget to implement the AML/CFT Compliance and Sanctions Program appropriately;- Stay updated on the applicable legal and regulatory framework in respect of AML/CFT;- Communicate to various departments of the Firm new guidelines issued by regulators to facilitate continued compliance by the Firm with changing rules, regulations and guidelines;- Ensuring that all Employees are trained annually (or more frequently if required) on AML/CFT, with special attention on the country AML/CFT Regulatory Framework and the latest AML/CFT policy & procedures;- Providing support and proper guidance to various departments within the Firm for queries related to Compliance.

Ae

Abu Dhabi, Abu Dhabi, Ae

- Identifying, documenting and assessing the compliance risks associated with the Entity's business activities, including the development of new products and business practices, and reporting these developments to the CCO;- Identifying, with the assistance of the CCO or external legal advisors, the regulatory framework which governs and or affects the operations of the Entity, including the creation and maintenance of up to date register of the existing regulatory framework including evaluation of compliance;- Providing immediate information to the senior management and the CCO on any identified breaches of the Compliance Function Policy, or of the applicable statutory and regulatory framework and on any deficiencies in complying with the provisions of the country statutory and regulatory framework; Creation of Country compliance procedures, if required ensuring alignment with Lulu Finance Group Compliance Policies;- Maintaining effective communication with the local regulatory authorities. Developing, documenting, implementing and executing a regulatory compliance program, including AML/CFT;- Conducting ongoing monitoring of the country's' operations and activities and evaluating associated regulatory compliance risks;- Making sure that the LuLu Compliance Policies and Procedures, including the AML/CFT Policy & Procedures, are updated with the latest Legal and Regulatory requirements of the country, in line with the LuLu Policies, and are approved by the Board of Directors;- Ensuring that all employees with the company are trained in regulatory compliance-related matters and are performing their functions in compliance with the rules, regulations and firm's internal policies;- Conducting regulatory compliance reviews on an ongoing basis, and monitors the CB Audits;- Providing support and proper guidance to Departments, including operations that have queries related to regulatory compliance.

Deira, Dubai, Ae

- Handle the preparation work and management of inspections by the regulator/auditor.- Develop policies internally relating to AML in the company and oversee the implementation of those policies.- Update internal handbook on AML policies.- Research and understand changes in regulation and update the same in the applicable firm’s manual.- Work to develop AML guidance materials, training resources, and controls.- Conduct due diligence reviews.- Report results of reviews of AML risk assessments and monitor remedial proceedings.- Identify, investigate, and resolve all activities that are deemed noncompliant.- Address issues relating to transaction monitoring, filtering, and sanctions.- Ensure that EDD procedure is conducted to identify the High Risk customers / agents.- Review the Agent Due Diligence documents & ensure that Agent On boarding procedure is in line with the company AML & KYC Policy.- Ensure that On Going Due Diligence procedure is completed for the existing agent on regular intervals.- Conduct agent audits to ensure all the applicable rules and regulations are followed by the agent.- Act as a subject matter expert for the business and point of reference to address related queries.- Inform the relevant authorities of any breaches.- Compile reports for the board and internal risk committees.- Plan and Conduct AML training sessions to Employees and Agents.

New York, Ny, Us

- Interacted with global stakeholders including portfolio managers, traders, and accounting/operations teams to facilitate daily reporting requirements.- Worked with senior management prioritizing development initiatives and finalizing compliance and development projects.- Conducting Best Execution Reviews for all the trades conducted by front desk brokers.- Regulatory Filings regarding European short selling regulations and the “Panel on Takeovers and Mergers” (UK) - Liaised with the US Department of Treasury on various filings to Treasury International Capital (TIC) System.- Reviewed and analyzed reports received from FinCen (The Financial Crimes Enforcement Network) and submitted observations. - Supported E&Y to perform audit relating to AML controls - Profile review of industry consultants/experts to ensure that there are no conflicts or risk of material non-public information- Reviewed e-mails flagged by email surveillance tool (Symantec Discovery Accelerator).- Ensured voting rights of all D E Shaw entities holdings are being fully utilized for the firm’s interest.- Developed GUI (Graphical User Interface) based tool to track/monitor meeting/voting events and mitigate risk.

New York, Ny, Us

- Prepared and submitted Japan Short-Sale Report to the Tokyo Stock Exchange.- Conducted induction sessions for new joinees on firm’s policies regarding personal trading, Code of Ethics, and anti-money laundering policies.- Studied firm wide exception reports to track any trades in firm-wide restricted securities.- Maintained records of employee’s board memberships. - Partnered with IT & management on the progress of UAT, enhancement recommendations, and implementation.- Maintained firm’s restricted, watch, and gray lists, ensuring data sanity.- Initiated knowledge sharing sessions across team; worked towards procedural documentation.- Monitored and analyzed personal trading of employees and handled queries related to personal trading, and prepared suspicious transaction reports.- Monthly reporting of team update to SVP’s and Directors across firm.

Frankfurt Am Main, Hessen, De

• Accountable for independent due diligence and successfully on-boarding new HNW clients in a high quality/timely manner and ensuring compliance with the U.S. Patriot Act, and KYC/AML and CIP Policies.• Evaluating requests from the front office for exceptions and extensions to the KYC policy.• Regularly work with the business lines to improve policies & procedures and implementation of these to ensure future compliance with issues.• Training new hires on a timely basis.• Identified accounts for high-risk and derogatory information using various databases such as RDC(Regulatory Data Corp) Norkom PCR (Preventive Crime Research). • Conducted the on-going review of KYC information (i.e. source of wealth, enhance due diligence) and related account documentation for existing Public Figures and other high risk clients to ensure the periodic review of client has taken place.• Monitor and review transactions alerted by RDC and Norkom PCR in order to identify and investigate potential suspicious activity relating to movements and source of customers funds. • Single point of contact (SPOC) for any update/queries from onshore and AML Compliance on New Account Reopening activities.

Chartered Member (Chartered Mcsi)

Mba, Hr & Ir

Bachelor Of Commerce (B.Com.), Commerce