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 for complex cases as well• 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 ML/TF activities.See less

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 Politically Exposed Persons (PEPs)• Reviewed FIU transaction monitoring reports for suspicious activity and investigated possible SARs while also conducting investigations into client transaction activities• Worked on various AML / KYC related programs and sites to obtain and update client information as per the CDD policy and procedure• Strictly adhered to AML / KYC Policies and went through regular training to remain current and underwent regular AML related training to stay current with legislative and regulatory change

• 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 • Responsible for successful management of day to day task of on-boardinghouse, Norkom checks, KYC documents and opening of accounts in system and ensure the services level agreement (SLA) is met • Authorize the data inputted by operations processors for various process like account opening, amendments, Term deposits and Account closure • Supervise the Debit Card/ Credit card production, cheque book production and deliverables unit• Prepared monthly Key Performance Indicators and Key Risk Indicators report for capacity planning as per BOLD(Building operation leadership discipline) requirement• Performed client risk rating scoring, client identification and KYC documentation of on-boarded new clients/accounts and updated KYC database in order to ensure AML/TF review have been performed• Coordinated with AML team (Financial Crime Compliance) to prepare Suspicious Activity Report and other regulatory reports as needed.• Performed the screening for any money laundering activity, sanction linkages while on-boarding of client and take appropriate action as per the delegated authority and escalate the issue to Financial Crime Compliance (FCC)