Compliance Analyst
Open To Work
PREETI PANIKK
PINGPONG GLOBAL SOLUTIONS INC
Jersey City,NJ
Work Preference
Job Search Status:
Open to work
Desired Job Title
AML Compliance Analyst
Work Type
Full TimeContract Work
Location Preference
On-SiteRemoteHybrid
Location:
Jersey City, NJNew York, NY
Open to relocation:
Yes
Minimum Desired Compensation
$99000/yr
Important To Me
Career advancementWork-life balanceCompany CultureFlexible work hoursWork from home optionPaid sick leavePaid time off401k matchPersonal development programsHealthcare benefits
1
Certification
22
Years of experience
Seasoned analyst with over 20 years in the finance sector and 10 years in compliance with experience in identifying and mitigating risks associated with money laundering and financial crimes. Strengths include thorough knowledge of regulatory compliance, strong analytical skills, and the ability to effectively manage complex tasks. Previous work has significantly improved operational efficiency through effective risk detection and management. Strengths include analytical skills, attention to detail and escalating highly suspicious cases. Possess deep understanding of AML and KYC policies and effective communication and analytical abilities, facilitating proactive solutions to compliance challenges.
Work History
Compliance Analyst
8 Months- Conducted investigations on alerted incoming/outgoing transactions, unusual account activities, potential fraudulent chargebacks, and escalated compliance cases.
- Analyzed customer transaction patterns, sources of funds, and related account behaviors.
- Documented investigative findings with recommendations for compliance escalations or dispositions.
- Prepared and sent Requests for Information (RFI) to customers and business managers to clarify compliance issues.
- Supported transaction monitoring reviews and ongoing activities to ensure compliance standards were met.
- Performed quality reviews of KYC, transaction monitoring, sanctions screening, and operational review activities.
- Drafted Suspicious Activity Report (SAR) narratives and gathered documentation for management review.
- Developed, executed, and updated compliance procedures and controls effectively.
- Reviewed and approved onboarding processes for customers and business partners per established policies.
BSA Analyst (Contract-Special project)
4 Months- Review suspicious activity alerts (transaction based) generated by the Bank's transaction monitoring system in Alloy
- Analyzed customer and transactional activity, providing rationale for normalcy or need for further investigation
- Investigated and resolved unusual activities to ensure compliance with regulations. or escalate case for further investigation
- Completed SAR reporting using Fiserv platform, ensuring timely documentation of suspicious activities
- Performed due diligence on customers and counterparties.
- Drafted Requests for Information (RFIs).
AML Compliance Analyst
3 Months- Reviewed transaction monitoring alerts, conducted investigations, and recommended SAR filings to ensure compliance and mitigate risks
- Reviewed daily and monthly SIRON AML alerts for trade finance activities, ensuring compliance and identifying potential AML risks
- Facilitated KYC onboarding and periodic reviews to ensure regulatory compliance using Fenengo (Fen-X) platform
- Perform bi-weekly FinCEN 314(a) screening requests
- Conduct manual screenings of SDN updates on the OFAC Treasury website against customer database
- Review and enhance current department policies and procedures
- Executed tasks assigned by the BSA/AML Compliance Officer
Associate, OFAC Sanctions Analyst
1 Year 11 Months- Conduct customer screening, trade finance screening, and other Sanction related screening
- Drafted inquiries in ICSWeb to support OFAC investigations
- Act as back up for list verification when Sanctions Technology Management Team is shorthanded
- Collected and analyzed daily/monthly statistics for MIS reporting to management
- Assist with the annual regulatory examination
- Reviewed updates in OFAC and BSA regulations to ensure task completion
- Notified assistant Compliance Officer of potential regulatory compliance shortfalls in the sanctions program
- Uploading Accuity blacklist/whitelists to Firco Continuity/FFF Classic
- Screening lists include OFAC, United Nations, BIS, Internal Blacklist, and Chinese Ministry
- Ensured accuracy of .kz file and FOF screenshots for regulatory standards
- Reviewing OFAC recent actions on the US Dept of Treasury website
- Provide tuning suggestions or referrals based on the daily disposition of FircoSoft hits
- Escalate any issues and bugs that occur during the course of the BAU process
AML Surveillance Analyst
6 Years 1 Month- Conducted internal reviews of potential violations of Bank Secrecy Act, USA PATRIOT Act, and securities regulation related to money laundering, terrorist financing, fraud, and inappropriate securities activity
- Support senior staff in performing various global AML surveillance and monitoring and reporting of suspicious activity
- Review daily and monthly alerts in Actimize and monitor live transactions on the FircoSoft platform
- Secondary reviewing of sanctions screening of real time and post transactional hits in FircoSoft filtering system for potential violations of OFAC during night shift hours
- Identified and escalated potential alerts needing further investigation
- Monitored internal bank emails for potential OFAC violations and escalated findings to appropriate business units and Sanctions Manager for timely resolution
- Staying up to date with current AML/OFAC requirements and regulations
- Ensuring hits/alerts are handled in accordance with defined procedures
- Monitored and updated knowledge on regulatory changes and policies
- Detailed understanding of payment formatting i.e. SWIFT, CHIPS, Fedwire, and foreign exchange
- Evaluated wealth management client transactions, performed quality assurance for account approvals, and assessed on-boarding due diligence.
- Prepare and send Request for Information (RFI) to relationship manager and other internal departments
- Documenting researched items in corresponding internal folders
- Reaching out to other departments/business units of the bank for resolution of potential hit issues
- Ensuring hits/alerts are handled in accordance with defined procedures
- Ensuring timely completion of all mandatory training requirements
- Closely monitoring cut off times of specific currencies and ensuring timely decision processing
- Staying up to date with current AML/OFAC requirements and regulations
Wire Risk Mgmt/Sanctions Officer
1 Year 7 Months- Reviewing all wire fund transfer activity and assessing risk pertaining to OFAC/Sanctions regulations
- Reviewed payments on HotScan OFAC filtering system to ensure compliance with regulations
- Open and maintain OFAC/Compliance cases ensuring thorough documentation and timely follow up
- Maintained daily statistics on HotScan to track compliance performance and identify potential issues
- Strong understanding of payments and investigation systems i.e. IntelliTracs, Intellimatch
- Detailed understanding of payment formatting i.e. SWIFT, CHIPS, Fedwire, and foreign exchange
- Working directly with the bank's Compliance management policies, procedures, and programs
- Utilizing internal and external resources for timely resolution of assigned cases
- Ability to manage multiple cases in a timely manner
- Resolved Money Transfer and Treasury inquiries, enhancing customer satisfaction and compliance accuracy
- Ensuring proper escalation on reportable incidents
- FX compensation, Derivatives, Loans, and Trade Finance
- Adapted work schedule to ensure coverage of queues during peak hours
- Monitor open queues taking appropriate action on all replies received within same business day
Assistant Treasurer- FX/MM/Derivatives
6 Years 4 Months- Front Office support on accuracy of trade input through electronic trading systems of FX spots, forwards, Money Market time deposits, T-bills, and YCDs
- Inputting and processing FX payments both MT 202 & 103s, non-deliverable forwards, structured deposits, and OTC forwards
- Supported settlement and credit lines for FX customers, ensuring accurate and timely processing
- Monitoring daily cash flow of treasury account and reconciling balance at EOD
- Reconciliation of daily customer credit utilization reports
- Reconciliation of nostro accounts,CLS, and futures P/L
- Managed opening and closing of bank accounts on internal banking system, ensuring compliance with KYC regulations
- Investigated suspended or held payments due to OFAC issues, resolving discrepancies efficiently
- Review and approve YCDs on BNY MELLON website
- Perform FX/MM investigations by opening new cases and contacting clients
- Complete audit confirmation requests from corporate customers and banks
MM Treasury Operations Support
1 Year 7 Months- Proficient in Money Market and Foreign Exchange trade input and validation
- Processed between 150 and 200 trades each day to maintain workflow.
- Reviewed Reuters blotter daily to maintain trade accuracy
- Reviewed and processed of messages utilizing SWIFT Alliance
- Reconciled trade discrepancies and inaccuracy in details
- Informed traders of trade errors
- Managed phone, mail, and fax confirmations to ensure timely communication with customers.
- Monitor open queues taking appropriate action on all replies received within same business day
- Inputted Commercial Papers and CDs
- Prepared, sorted, and maintained mail, fax, telex, and deposit confirmations
- Updated management monthly on outstanding trades to facilitate informed decision-making.
- Reviewed all cash accounts at the end of the day
Funds Transfer/Compliance Support
1 Year 9 Months- Monitored and processed payments, ensuring timely release or suspension based on compliance protocols
- Investigated suspicious payments by sending SWIFT inquiries to banks, facilitating resolution of potential compliance issues
- Processed payments for release after verifying compliance to release after verifying false positive hits in previously suspended payments
- Used DBSCAN software to scan suspicious client files against Politically Exposed Persons
- Generated SAR reports detailing potential and false hits of client files to support regulatory compliance
- Maintained and updated Excel database of client information
- Worked closely with colleagues to meet team goals
Education
B.A. - Communications
Skills
Regulatory compliance and reporting
Customer due diligence and KYC
Risk assessment and management
Anti-money laundering expertise
Transaction monitoring and investigations
Documentation review and compliance auditing
Operations support and payment processing
SOP development and compliance monitoring
Certified Anti-money laundering specialist (CAMS)
Customer identification
Account verification
Client onboarding
Politically exposed persons identification
OFAC/Sanctions screening
Suspicious activity reports (SARs)
Customer due diligence (CDD)
AML investigations
Bank Secrecy Act (BSA)
USA PATRIOT Act
Certification
CAMS - Certified Anti-Money Laundering Specialist 2024
Custom
CAMS certified; Proficient in Microsoft Office (Word, Excel, Outlook), Lotus Notes, Actimize, Fircosoft, Regulatory Database, Mobius, Hyperion, SMARSH, Citrix, Intellitracs, Intellimatch, HotScan Plus, LexisNexis, WorldCheck, AddVantage, ImageCentre, SWIFT Alliance, CHIPS and FEDWIRE systems, IBIS, MERVA, PROMATCH, BNY MELLON Treasury Edge, ICSWeb, Fen-X, SIRON AML, SIRON KYC, Trade Finance SharePoint, Trade Innovation, SharePoint Reporting, Alloy, Retool, Fiserv
Timeline
Compliance Analyst
PINGPONG GLOBAL SOLUTIONS INC
08.2025 - 04.2026Read More
BSA Analyst (Contract-Special project)
PIERMONT BANK
02.2025 - 06.2025Read More
AML Compliance Analyst
BANK ABC NY
06.2024 - 09.2024Read More
Associate, OFAC Sanctions Analyst
ICBC NYB
07.2022 - 06.2024Read More
AML Surveillance Analyst
BROWN BROTHERS HARRIMAN
06.2016 - 07.2022Read More
Wire Risk Mgmt/Sanctions Officer
MUFG UNION BANK
11.2014 - 06.2016Read More
Assistant Treasurer- FX/MM/Derivatives
DNB BANK ASA
03.2008 - 07.2014Read More
MM Treasury Operations Support
CALYON BANK (CREDIT AGRICOLE)
06.2006 - 01.2008Read More
Funds Transfer/Compliance Support
ABN-AMRO BANK
09.2004 - 06.2006Read More
Queens College, City University of New York
B.A. from Communications
Read More