Vikash Shrestha Email & Phone Number

Canada

Mississauga, Ontario, Canada

Mississauga, Ontario, Canada

Mississauga, Ontario, Canada

• Performed advance research to investigate potential unusual transactions, utilize expert knowledge on bank’s products along with knowledge of standard bank process to assess potential AML and operational risk exposure.
• Conducted triage and investigative activities of correspondent banking alerts pertaining to wire transfer activities of clients from a high risk country
• Prepared case adjudication reports, maintained audit trails and worksheets to present emerging fraud or ML/TF trends, criminal typologies and predicate offences.
• Prepare and submit Suspicious Transaction Reports (STRs) to FINTRAC within procedural and regulatory deadlines.
• Provide case specific AML/ATF guidance to business units regarding escalation procedures, as well as implementation of Know Your Client (KYC), enhanced due diligence (EDD) and customer remediation to combat fraud or.

Nepal

• Monitored development, maintenance and implementation of effective Operational Risk Management Framework (ORMF) via the execution of the Risk and Controls Assessment (RCA) process and Key Risk Indicators (KRIs)
• Ensured losses, risk events, policy deviations, RCA & KRI exceptions are recorded, reviewed, reported and engage stakeholders to ensure timely remedial actions and escalation of situations that pose significant risk
• Responsible for documenting observations to identify and communicate successes, as well as gaps, trends and areas of opportunity for sustainability or improvement.
• Work as a subject matter expert to ensure business understands the risk appetite through use of the operational risk assessment matrix and provide regular trainings to keep them updated on operational risk topics
• Regularly assessed existing business key controls against the risk register to ensure the level of control remains cost effective, efficient and relevant
• Performed quality assurance checks for investigations done by CDD operations for clients/information with regards to transactions analysis, Adverse Media, Norkom, Sanctions, Source of Wealth, CDD document and.

• Managed the day-to-day operations to align to the business strategy and priorities. Monitored action plans, service management, people development and improved operational risk.
• Ensured that the team is optimized in terms of people, process, platform, product and place. This includes efficiencies, cost, control, capability and capacity planning.
• Prepared various Business Requirement Definition (BRD) for changes in core banking system and performed various User Acceptance/ User Verification Test
• Used system technicalities to develop codes for proper MIS and undertook different process efficiency initiatives
• Collaborated with different stakeholders including business, products for process effectiveness
• Handled different KYC projects and ensured the existing local process and global process standards are met