Summary
Overview
Work History
Education
Skills
Tech Skills
Timeline
Generic

GAURAV BALUNI

Maywood,NJ

Summary

Result-driven Vice President with 13+ years of experience in AML transformation, specializing in model development, validation, tuning, governance, and enterprise data management. Expertise in NICE Actimize, FIS PRIME, and regulatory-driven BSA/AML execution for global institutions. Skilled in managing regulatory findings, consent orders, and C&D actions, ensuring compliance with global regulators. Proven track record in audit, risk governance, and stakeholder management, with strong analytical and problem-solving skills to enhance model performance and risk controls.

Overview

13
13
years of professional experience

Work History

Vice President, Anti-Financial Crimes Mode Americas

Deutsche Bank
11.2022 - Current
  • Leading a team of 5 AFC Modeling for the Americas portfolio, driving strategic enhancements in transaction monitoring (TM) systems to strengthen AML compliance
  • Responsibilities span the development, implementation, and optimization of TM models, ensuring alignment with regulatory requirements and risk management frameworks
  • Advanced tuning methodologies and collaboration with Financial Crime Operations (FCO) teams have enhanced model effectiveness while reducing false positives
  • Key role in regulatory engagements, ensuring compliance with U.S
  • And global standards while managing critical commitments
  • Led the AFC Modeling initiative for the Americas portfolio, enhancing transaction monitoring (TM) systems to strengthen AML compliance
  • Spearheaded business-as-usual (BaU) development and improvements in TM models, including FIS PRIME for private banking and an in-house model (AMS) for corporate banking, addressing critical AML gaps
  • Designed and implemented new TM scenarios, ensuring compliance with Global Model Development and Model Risk Management Frameworks
  • Ensured TM models effectively mitigated risks and aligned with business lines and product offerings by addressing red flags from Risk and Typology Coverage Assessments (RTCA)
  • Optimized TM models using advanced methodologies such as Inter Quartile Range (IQR), Percentile Jump, Sigma Select, and sampling techniques, reducing false positives while maintaining risk detection integrity
  • Partnered with Financial Crime Operations (FCO) teams to integrate investigative insights, refining tuning and optimization (T&O) strategies based on ATL/BTL analysis
  • Represented AFC Modeling for the US Transaction Monitoring models in onsite regulatory meetings with U.S
  • And German regulators, ensuring alignment with compliance standards
  • Ensured adherence to AML transaction monitoring regulatory requirements, maintaining compliance for TM models
  • Managed key regulatory commitments, including Cease and Desist (C&D) milestones and Self-Identified Issues (SIIs) to ensure regional and global compliance
  • Conducted periodic model validation reviews in alignment with Model Development and Model Validation Frameworks to ensure compliance and effectiveness
  • Supported remediation of internal and external data-related findings, ensuring adherence to regulatory data standards
  • Collaborated with data quality teams, upstream data providers, and cross-functional stakeholders to resolve data quality (DQ) issues affecting TM performance
  • Well-versed in data governance, lineage, controls, and critical data elements (CDEs) management

Manager, Financial Crimes Unit - Tech

Pricewaterhouse Coopers (PwC)
09.2018 - 11.2022
  • Implemented AML and Sanctions solutions, optimized transaction monitoring models, and enhanced regulatory compliance through data-driven strategies
  • Developed automated regulatory reporting, refined risk detection through machine learning-based tuning, and improved model efficiency using Python and SQL
  • Led credit scoring model development and financial crime analytics, ensuring compliance with regulatory standards while streamlining operations and enhancing detection capabilities
  • Led and implemented AML and Sanctions solutions using in-house custom tools, leveraging Python, SQL, VS Code, and Tableau
  • Automated regulatory reporting, including State Exams, Regulatory Submissions, and Risk Assessments
  • Performed data mapping, profiling, and system tuning optimization using anomaly detection in machine learning
  • Conducted quantitative and qualitative analyses on large datasets using SQL, Hive, Python, Tableau, and Power BI
  • Identified gaps in AML and Sanctions scenarios to ensure compliance with government regulations and recommended optimizations
  • Regularly communicate with clients, addressing compliance needs effectively
  • Created AML & Sanctions dashboards in Tableau and Power BI, enhancing case prioritization and alert investigation
  • Conducted SAR narrative analysis and AML rule optimization to improve risk coverage
  • Performed ATL/BTL analysis, adjusting scenario thresholds using Percentile Jump, Historical Productivity, and Parameter Distribution Analysis
  • Drafted SQL and Python scripts for AML models in Oracle Mantas and FIS PRIME, optimizing detection thresholds and risk segmentation
  • Tuned parameters and optimized alerts to enhance AML/Sanctions rules efficiency
  • Led the development of a Credit Scoring Model for a major US bank to assess businesses under the Main Street Lending Program
  • Utilized Tableau and Power BI for trend analysis of credit scores
  • Managed project planning, budget management, and engagement administration, drafting required documentation
  • Led the PPP CARES Act project, enabling loan disbursement and automating mitigating controls
  • Managed testing, production deployments, and Salesforce Admin configuration changes

Senior Associate Consultant

Infosys Ltd
03.2015 - 09.2018
  • Implemented Actimize-based models, configured system workflows, and ensured compliance with business requirements
  • Managed full development lifecycles, overseeing teams, timelines, and resource allocation while ensuring SLA adherence
  • Conducted business and technical analysis, optimizing data structures and refining system requirements in collaboration with stakeholders
  • Led quality assurance efforts, supported UAT, and resolved production issues through root cause analysis to enhance system stability and performance
  • Led the development and implementation of models using Actimize tools, ensuring compliance with business requirements
  • Created and configured alert workflows, roles, groups, and other system entities
  • Conducted design reviews, code reviews, and System Integration Testing (SIT) to validate solutions
  • Facilitated User Acceptance Testing (UAT) in coordination with Business Users and Business Analysts
  • Managed the development lifecycle, including timeline planning, resource, and task allocation for a team of 20
  • Oversaw access management and ensured timely delivery within Service Level Agreements (SLA)
  • Regularly liaised with end users and clients to refine system requirements and enhance usability
  • Gathered and analyzed business requirements, designing data structures aligned with the acquiring model
  • Coordinated with risk analysts and end users to understand acquiring needs and optimize system design
  • Identified gaps in functional and business requirements, preparing and reviewing Business Requirement Documents (BRD) and Technical Specification Documents (TSD) in collaboration with Business Analysts
  • Proposed recommendations to resolve issues identified during requirement analysis
  • Assisted the QA team in defining, preparing, and validating test cases, along with resolving defects
  • Managed production bug fixes, performing root cause and impact analysis to enhance system stability

Programmer Analyst

Cognizant Technology Solutions
05.2014 - 02.2015
  • Designed and delivered business solutions by analyzing requirements and providing optimized recommendations
  • Developed Oracle PL/SQL packages and automated workflows using Autosys Scheduler to streamline operations
  • Managed application support and incident resolution, ensuring system stability and efficient issue resolution
  • Gathered and analyzed business requirements, designing tailored solutions to meet organizational needs
  • Identified and assessed issues during requirement analysis, providing optimized recommendations for resolution
  • Developed Oracle PL/SQL packages, functions, and stored procedures in Oracle 11g to support business operations
  • Created and monitored batch jobs using Autosys Scheduler, ensuring efficient workflow automation
  • Managed application support and maintenance incidents using the Request IT tool, ensuring prompt resolution and system stability

Software Engineer

Syntel Ltd.
11.2011 - 03.2014
  • Analyzed business requirements and designed effective solutions to meet organizational needs
  • Facilitated seamless communication between offshore, client, and onshore teams for smooth project execution
  • Monitored and optimized batch jobs using the JSS tool, improving operational efficiency
  • Tuned SQL scripts to enhance performance, execution speed, and reliability
  • Managed application support and incident resolution with the HPSM tool, ensuring system stability and prompt issue resolution
  • Gathered and analyzed business requirements, designing effective solutions to align with business needs
  • Acted as a liaison between offshore, client, and onshore teams, ensuring seamless communication and smooth project execution
  • Monitored and managed batch jobs using the JSS tool, ensuring operational efficiency
  • Optimized and tuned SQL scripts to improve performance, execution speed, and reliability
  • Managed incidents in application support and maintenance using the HPSM tool, ensuring timely issue resolution and system stability

Education

B.Tech. - Information & Technology

HIET
India
07.2011

Skills

  • Anti-Money Laundering
  • Complex Data Transformation
  • AML and Compliance Analytics
  • Project Leadership & Strategy
  • Regulatory Reporting
  • Trend and Statistical Analysis

Tech Skills

Oracle SQL, PL/SQL, Presto SQL, Python, Hive, Spark (Chronos), Tableau, Power BI, Daiquery, UniDash, FIS Prime, Actimize AIS Modeler, Actimize RCM Designer, Actimize ERCM, HPQC 11, HPSM, SERVICE NOW, AUTOSYS, Putty and Request IT, Jupyter Notebook, VS Code, Oracle SQL Developer, TOAD, MS SQL Server, Unix Shell Scripting

Timeline

Vice President, Anti-Financial Crimes Mode Americas

Deutsche Bank
11.2022 - Current

Manager, Financial Crimes Unit - Tech

Pricewaterhouse Coopers (PwC)
09.2018 - 11.2022

Senior Associate Consultant

Infosys Ltd
03.2015 - 09.2018

Programmer Analyst

Cognizant Technology Solutions
05.2014 - 02.2015

Software Engineer

Syntel Ltd.
11.2011 - 03.2014

B.Tech. - Information & Technology

HIET

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