Sunny Badiani
London
Summary
A conscientious and professional financial investigator/regulatory expert who is able to analyse complex information with consummate ease. Confidently evaluating and communicating relevant trend analysis to keep companies at the forefront of compliance. Adaptable team player adept at working in high-volume, demanding environments.
Overview
12
12
years of professional experience
Work history
Money Laundering Reporting Officer (MLRO)
Thunes
04.2023 - Current
- Developed and implemented robust anti-money laundering (AML) policies and procedures in accordance with regulatory requirements
- Conducted thorough AML risk assessments to identify potential risks and vulnerabilities within the organisation
- Led a team responsible for investigating and reporting suspicious activities to relevant authorities
- Collaborated with internal stakeholders to ensure compliance with AML laws and regulations
- Provided training and guidance to staff on AML best practices and compliance procedures
- Managed relationships with regulatory bodies and facilitated audits and examinations
- Stayed up-to-date on changes in AML laws and regulations and advised senior management on compliance matters
- Implemented automated systems for AML monitoring and reporting, enhancing efficiency and accuracy
- Prepared and submitted timely reports to regulatory authorities, demonstrating adherence to compliance requirements.
Money Laundering Reporting Officer (MLRO)
PPRO Financial Limited
12.2021 - 04.2023
- Overseeing key processes and procedures, ensuring the e-money compliance team operates in compliance with UK regulations and with PPRO Policies and Procedures
- Establish reporting and monitoring procedures to assist senior management in maintaining oversight over operational compliance tasks carried out by the e-money team
- Overseeing fraud and AML transaction monitoring and reporting for PPRO's e-money products, identifying and acting on key trends and findings
- Work with compliance management to relay and input operational team reality of compliance into senior management view, strategy and plans.
Senior Compliance Consultant
Complyport
10.2021 - 05.2022
- Working with Financial Crime and Forensics
- Liaising directly with clients, deliver materials and complete deep dive reviews and responses to clients
- Dealing with a variety of firms including hedge fund managers, AIFMs, private equity managers, banks and investment firms both large and start-ups
- Liaising with clients to deliver training regarding AML, MiFID II, APER, Senior Management and Certification Regime, Anti-Bribery and Corruption
- Support other consultants and visiting clients on a periodic basis to discuss areas of regulatory concern (KYC, MiFID II, PRIIPs, SMCR, IFPR, MLD) and regulations and assist firms with problem solving
- Developed understanding of rules and regulations and the implications to firms
- Creating personalised compliance manuals, monitoring programmes, and fit for business policies
- Implementing compliance frameworks at newly authorised firms
- Monitoring different areas of AML and providing regular reports to senior management
- Developing and building risk-based compliance monitoring programmes
- Developing and delivering face-to-face AML, ABC and general compliance to Compliance Officers and MLROs both for FCA regulated firms and Isle of Man FSA regulated firms
- Helping firms with authorisations, variation of permissions and notifications to regulators
- Working through ad-hoc tasks for clients and providing them with reports/presentations with any work completed
- Updated complaints policy and procedures to ensure they are compliant with the latest rules and regulations
- In regular contact with executive directors to ensure clients are compliant and to challenge decisions.
Senior Adjudicator/Investigator
Financial Ombudsman Service
06.2012 - 10.2021
- Resolving complex and high priority disputes between financial businesses and consumers by weighing up evidence and delivering fair outcomes/decisions
- Reviewing different types of customers (high risks, PEPs, in media and MPs) to assess if any additional measures are required
- Working closely with ombudsmen/stakeholders to ensure businesses are following processes and are compliant to their regulatory obligations
- Managing relationships with financial firms and applying FCA codes of conduct when undertaking file reviews and to keep up to date with any developments/updates to the service (AML, POCA, KYC, FCA & general day to day role)
- Liaising with large financial institutions and discussing individual complaints, redress, remediation and root cause
- Working on cases that involve suspicious disputed transactions/scams (part of the POCA team) on various different products – loans, credit cards, debit cards and different areas of consumer credit
- Reviewing cases in depth to understand the approach business has taken and whether correct procedures have been followed (i.e
- KYC/KYB and CDD)
- Providing support and guidance/training in relation to AML policies – to make sure my mentees are up to date with any relevant changes
- Performing in an intellectually challenging and demand led environment by meeting set targets
- Scrutinising financial products to ensure regulatory compliance and issuing non-compliance reports which are shared with senior Ombudsman and beyond
- Involved in the quality assurance of assessments for compliance with regulatory framework and technical guidance
- Implementing and monitoring external developments impacting organisational processes
- Leading 5 teams on the PS 17/3 project which includes regular huddles/training in relation to updates to policies and procedures (to over 50 adjudicators) to incorporate FCA’s PS 17/3 policy statement
- Reporting and presenting findings to internal senior management to ensure optimal customer service and operations efficiency in relation to PS 17/3
- Developing training for new and existing members of staff on different product areas and the complaints process
- Holding regular huddles for my pod (around 50 adjudicators) to provide the latest guidance on all areas of PPI.
Skills
- Conflict management
- Safeguarding
- Complex investigations
- Report writing
- Risk management
- Evidence analysis
- Problem-solving
- Critical thinking
- Time management
- Team building
Languages
Hindi
Advanced
Gujarati
Proficient (C2)
Timeline
Money Laundering Reporting Officer (MLRO)
Thunes
04.2023 - Current
Money Laundering Reporting Officer (MLRO)
PPRO Financial Limited
12.2021 - 04.2023
Senior Compliance Consultant
Complyport
10.2021 - 05.2022
Senior Adjudicator/Investigator
Financial Ombudsman Service
06.2012 - 10.2021