Monika Multani
London
Summary
Excellent communication skills Attention to detail work manner Proven analytical and problem-solving ability Ability to deal with high pressure and time sensitive tasks Ability to assess AML, regulatory, and reputational risk Excellent organization and time management skills Knowledge of the UK Regulations / FCA Handbook JMLSG guidance knowledge Organisational proficiency Materials management
Overview
15
15
years of professional experience
1
1
Certification
Work history
Bank of China via FincSelect Limited
London
10.2024 - Current
- Ensuring that thorough and effective Customer Due Diligence is completed, by conducting Quality Control Assessments on entities/structures across all business lines (predominantly the complex structure/entities/product offerings) - including New Business, Periodic Reviews and Event Driven Reviews
- Raising issues and ensuring appropriate actions are undertaken before KYC approval
- Identifying thematic issues within On-Boarding process
- Liaising with Quality Assurance on any issues identified within the QA process, to consider impact and where needed make relevant changes to the QC process
- In addition, where remedial action is required - liaising and notifying the operational leads accordingly
- Liaising with Financial Crime KYC team on any issues identified within the 2nd line checks / testing, to consider impact and where needed make relevant changes to the QC process
- In addition, where remedial action is required - liaising and notifying the operational leads accordingly.
delivery specialist
Standard Chartered Bank UK via Allegis Global Solutions
London
01.2023 - 09.2024
- Managing / conducting High Risk KYC reviews including trigger review/sanctions review/full reviews for various type of clients (charities/sensitive charities, UN clients, FIs); transaction analysis and provide mitigations, conducting client risk assessments, completing sanctions reviews, liaising with different departments, including sanctions compliance, risk / CBR advisory, offshore team for end to end KYC, ensuring regulatory requirements are met, acting as Key point of contact for offshore team, initiating outreach to clients for country-specific regulatory requirements, liaising with internal counterparts, and product amendments/alignment
- Analysed financial data and transaction patterns to identify high-risk accounts requiring further investigation or escalation
- Assessed the impact of new regulations on existing AML processes and adapted strategies accordingly to maintain compliance
- Collaborated with compliance and legal departments to address and resolve complex AML issues, enhancing organisational compliance posture
- Analysed sanctions lists and performed screenings against customer databases to prevent association with prohibited entities
- Assessed risks associated with new products or services, providing recommendations to mitigate potential money laundering threats
- Certificate of Higher Education: Economy and administration
KYC Remediation Analyst & QA Analyst
DVB BANK via Aston Carter
London
08.2021 - 12.2022
- Reviewing High Risk customer files completed by KYC analysts, ensuring compliance with bank's and regulatory requirements, reviewing high-risk sign off, validating risk mitigation factors, ensuring all required documents are uploaded, providing feedback to analysts, approving client risk calculator, signing off client files, reviewing existing client files, conducting gap analysis, conducting adverse media and sanctions / PEP screening, escalating compliance matters, compiling client final files, and liaising with RMs and management
- Maintained up-to-date knowledge of regulatory changes affecting KYC, ensuring compliance with current legislation
- Evaluated policies and procedures to determine compliance and recommend improvements to processes.
KYC Remediation Analyst / QC Analyst
KPMG UK via Robert Walters
London
02.2021 - 07.2021
- Knowledge of E2E KYC on corporates & individuals, applying targeted due diligence, conducting screenings and APC, reviewing client files and AML risk forms, reaching out to account managers for further information, reviewing and validating documentary, transaction analysis, escalating financial crime and sanctions queries, generating end of day reports, maintaining case trackers, hosting training sessions, reviewing rework, and escalating red flags.
Senior Associate
Forensic Risk Alliance, RFA
London
12.2020 - 01.2021
- Client investigation of misconduct, conducting interviews with senior management, writing reports, reviewing process implementation, and comparing recommendations
- Participated in multidisciplinary teams to solve complex cases, contributing forensic expertise
- Reviewed and updated forensic procedures and protocols to comply with current legislation and best practice
- Monitored advancements in forensic science to ensure methods remained up-to-date and effective.
KYC Onboarding and Reviews / Financial Crime and Compliance Manager
FirstRand Bank Limited
London
03.2020 - 12.2020
- Being the point of contact for staff seeking advice on financial crime compliance, overseeing KYC reviews and onboarding team, reviewing EDD KYC client files, advising
- KYC analysts, validating screening checks, providing risk mitigating factors, advising business units and stakeholders, writing oversight monthly MI reports, liaising with front office, conducting compliance monitoring, providing UK AML KYC training, and maintaining various registers
- Developed and implemented comprehensive compliance programmes to align with regulatory requirements
- Advised senior management on the implications of current and emerging compliance regulations on business strategies
- Managed the preparation of reports for regulatory bodies, demonstrating adherence to legal standards.
CDD and KYC Analyst
Morgan Stanley
London
07.2018 - 03.2020
- Performing risk-based approach using AML systems/databases, identifying clients to prevent AML/reputational risk, liaising with sales team and stakeholders, screening entities and related parties, collecting fundamental documents, investigating ownership, reviewing and refreshing client files, reviewing reports by external vendor, and managing offshore team.
Consultant
Lysis Financial Ltd
03.2018 - 06.2018
- Ensuring compliance with KYC requirements, identifying and verifying related parties, analyzing ownership structure, screening management and related parties, and escalating queries to compliance department.
Consultant
Ragunathan GmbH
09.2014 - 11.2016
- Client management, researching and analyzing potential clients, supporting internal processes, focusing on customer satisfaction, providing language support and consulting, analyzing data, and handling client and customer data.
Agent via WDS
Barclays Bank
Poole
10.2012 - 08.2013
- Liaising with internal/external stakeholders, improving KYC record quality, assisting in continuous improvement, highlighting discrepancies, developing action plans, performing quality reviews, harmonizing AMC, and completing KYC renewals
- Trained new analysts on KYC processes, tools, and regulatory requirements to maintain team efficiency
- Scheduled in-person interviews with clients to assess needs and collect information, determining eligibility.
KYC Analyst
Amazon
Hyderabad
08.2010 - 08.2011
- Establishing standards and requirements, editing newsletters and email blasts, understanding risk management, reviewing and updating KYC requirements, and applying appropriate tenets to client projects.
Business Research Associate
Progressive Media Group
Hyderabad
01.2010 - 07.2010
Education
High School Diploma - Economy And Administration
Erich Brost Professional College
Essen, GermanySkills
- Primary and secondary research, profiling and upgrading profiles, listing potential projects, and covering German-speaking countries
- Regulatory compliance
- Analytical
- Transaction monitoring
- Client onboarding procedures
- Client onboarding
- Document verification
- Quality control testing
- Quality Control Analysis
- Quality control procedures
- Quality control reviews
Certification
Lysis Advanced AML KYC Course - 2018
Timeline
Bank of China via FincSelect Limited
10.2024 - Current
delivery specialist
Standard Chartered Bank UK via Allegis Global Solutions
01.2023 - 09.2024
KYC Remediation Analyst & QA Analyst
DVB BANK via Aston Carter
08.2021 - 12.2022
KYC Remediation Analyst / QC Analyst
KPMG UK via Robert Walters
02.2021 - 07.2021
Senior Associate
Forensic Risk Alliance, RFA
12.2020 - 01.2021
KYC Onboarding and Reviews / Financial Crime and Compliance Manager
FirstRand Bank Limited
03.2020 - 12.2020
CDD and KYC Analyst
Morgan Stanley
07.2018 - 03.2020
Consultant
Lysis Financial Ltd
03.2018 - 06.2018
Consultant
Ragunathan GmbH
09.2014 - 11.2016
Agent via WDS
Barclays Bank
10.2012 - 08.2013
KYC Analyst
Amazon
08.2010 - 08.2011
Business Research Associate
Progressive Media Group
01.2010 - 07.2010
High School Diploma - Economy And Administration
Erich Brost Professional College
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