Rohit Joshi

• Responsible for maintaining, reviewing and updating AML/CTF policies and procedures related to Financial Crime prevention in accordance with the regulatory requirements
• Managing and assisting multiple AML projects with development and implementation of change for OCDD, ECDD, KYC refresh, Screening, Transactions Monitoring, Customer risk assessment
• Managing all aspects of reporting required in respect of AML/CTF rules and regulations, e.g
• Suspicious matter reports, Transaction Monitoring council report, Customer Due Diligence forum, Risk Appetite Statement reports within the required time frames, etc
• Coordinating with internal and external auditors to ensure that financial crime measures are effective and in compliance with applicable standards as required by the AML/CTF program
• Supporting the 1st Line of defence team in all financial crime compliance matters by providing advice ensuring that any identified control gaps are closed in timely manner
• Participation in the FCC risk assessment process and in the oversight of the first line’s FCC risk assessment process and internal control framework
• Lead FCC projects, execution and review of frameworks, control design and operational procedures to improve investigations for the team
• Advising on Financial Crime Risk-related issues and events and the actions needed to address and remediate with respect to controls, issues, actions and events
• Ensure timely and accurate reporting of Transaction Monitoring Council, Financial Crime Risk Forum, Risk Appetite Statement etc to the management and NAB Board committees
• Support project team including creation and review of test case scenarios (UAT), testing of Transaction Monitoring rules and establishing new process where required
• Acting as key point of contact for FCC and bridge knowledge gaps as appropriate
• Ownership of continuous improvement within FCO to challenge process and practices that may overstep requirements, have become redundant or can be improved.

The purpose of this role was to provide Line 2 AML Compliance Manager functions for both Australia as an AFSL and New Zealand.

• Key responsibilities of this role include Assisted in preparations and implementation of AML policy for the business.
• Assist the Risk Management team with monitoring/combatting AML fraud and conduct regular reviews of the AML/CTF program (Part A and B)
• Handle all communication/reporting to AUSTRAC related to anti-money laundering
• Managing two teams (AML Analyst & AML Operations)
• Project planning on implementation of electronic verification for APAC region
• Conduct ongoing monitoring of the relevant regulatory development from AUSTRAC/ASIC relevant to the Company’s business
• Support the development, testing and implementation of automated Transaction monitoring system
• Identifying and reviewing AML/CTF risks and offering guidance to implement control gaps
• Scope definition Project planning Project monitoring Risk assessment and mitigation planning
• Driving multiple risk and AML projects simultaneously
• Lead/assist with investigation of incidents and breaches (SMR - Suspicious Matter Reports)
• Facilitate periodical AML/CTF and Financial Crime Risk Awareness Staff Training
• Assisted with the process of independent AML Audit for the business and responsible for the submission of the AML Compliance report to the regulator
• Provide staff training on regulatory obligations and ML/FT risks
• Report to the Boards and Compliance Committees of Australia and New Zealand.
• Accomplished multiple tasks within established timeframes.

• Client onboarding – Business and Private
• Provide compliance monitoring, analysis and feedback
• Payment’s inquiry, sanction screening and releasing of payments
• Reporting to AUSTRAC and DTCC
• Inbox management of several centralised mailboxes and respond to all compliance queries
• Conduct Enhance customer due diligence (ECDD) and Ongoing customer due diligence (OCDD) for high and medium risk clients
• Identify improvements to processes, systems and procedures from detailed analysis
• Handling accounts, reviewing quality assurance of the accounts, critical decision making
• Manage multiple payments queues, BAU and ad-hoc activities across the team.

• Deal with and investigate alerts from transaction monitoring and high-risk customer reports and detect fraud or unusual activities on account
• Conducting enhance due diligence on high-risk customer and establish recommendations
• Review and analyse customer information and account / transactional activity (including file notes relating to customer interactions) on relevant customer account management and internal systems
• Undertake PEP’s and Sanctions monitoring tasks and escalate as required
• Support the Financial Crime Team Manager on risk or compliance risk related projects
• Understanding of the relevant products and systems (World check, Pegasus, Vevo) Ensure performance is within Quality Assurance framework which will maintain competence whilst achieving the weekly objectives set.

• Managing client information within the parameters of company standard operating procedures
• Analysis and processing of client data in pursuit of specified verification strategy
• Compliance reports and their completion and submission to AUSTRAC
• Prepare, review and lodge suspicious matters report accordingly
• Analysis of client monitoring system and providing efficiency recommendations
• Processing client on-boarding as per AML/CTF guidelines and conducting due diligence
• Analysis and operation of internal automated reporting to the industry regulator
• Define and document existing business processes and help to manage their improvement.

• Monitored risk and legal confirmations
• Ensured timeliness in resolving economic breaks and monitoring intra-day trade reconciliation, issue resolution, query T+1 trade breaks
• Reviewed vanilla trades, interest rates swaps, currency swaps, index swaps with structured trades
• Extensive knowledge of systems such as IRFE, Kapital, Murex, Markitwire, DTCC, Tri Optima
• Preparation of Process Flow for Economic affirmation in collaboration with external vendors (Risk Mitigation process) outstanding trades
• Developing reports to present findings and suggestions to the management team.