SANTOSH MANDAL
New York
Summary
Bringing over 7 years of experience as a Compliance Supervisor, with proven expertise in managing compliance functions for regulated corporate bank. Demonstrated knowledge in FCRM (Financial Crime Risk Management), CIP, BSA/ AML/ OFAC and other relevant regulatory rules and regulations backed by a strong interest in corporate banking Notably managed all assigned compliance projects at a corporate bank, achieving a significant increase in success rate. Detail-oriented Compliance Manager offering [Number] years of expertise in risk management, policy development and strategic planning. Advanced knowledge of regulatory compliance with proven track record of partnering with executives and business leaders to identify vulnerabilities and create corrective actions. Collaborative and team-oriented with excellent communication and interpersonal skills to foster strategic partnerships and promote company reputation.
Overview
17
17
years of professional experience
Work History
Compliance Supervisor
Canara Bank New York Branch
02.2016 - Current
- Report to and Assist the Compliance Officer of the Branch for all compliance matters affecting the NY Branch
- Assist in developing compliance programs including that of BSA/AML/OFAC/FinCEN and forming policies for various departments and functions
- Assist preparing compliance related meetings as per branch policies
- Maintain all branch policies and procedures database
- Maintain regulatory tracking database
- Maintain regulatory contacts database
- Maintain a compliance library and other source of information (e.g
- Internet) relevant to laws and regulations affecting the Bank
- Coordinate with the VP Compliance to interact with U S Regulatory agencies
- Assist preparing first day letter responses and on-site exams
- Prepare and submit the monthly compliance certificates including compliance risk matrix
- Assist in compliance testing and monitoring function
- Assist on maintaining any compliance-related products software
- Prepare abandoned property/similar state filings
- Maintain compliance training record database including online training schedule tracking to ensure providing adequate level of training to all employees
- Assist in handling subpoena matters of New York Branch
- Perform various quality control reviews and monitoring in the area of BSA, AML, USA PATRIOT ACT, OFAC, Correspondent banking, Customer Identification Program Compliance
- Assist review of international and domestic wire activity and other elevated risk transactions
- Assist regular monitoring and review of automated transaction monitoring through FISERV or other automated and manual monitoring systems to ensure appropriateness and effectiveness
- Assist in customer due diligence (“CDD”) and enhanced due diligence (“EDD”) procedures, and customer identification program (“CIP”) policies and procedures and execution from compliance angle
- Perform monitoring transactions for suspicious activity and the handling of suspicious transactions including drafting Suspicious Activity Reports (“SARs”)
- Review and hold custody (in originals or copies as laid out in the respective policies and procedures) of regulatory reports files such as SARs and OFAC reports, etc
- Assist reviewing of the compliance with NYDFS Transaction Monitoring and Filtering Program Requirements and Certifications (Part 504)
- Clear the inward and outward messages as per the compliance policy of the branch and wherever necessary obtain the Compliance Officer of the NY Branch approval as per policy and procedures
- Responsible and assist for ensuring total compliance of Canara Bank, New York Branch operations with the applicable laws and regulations of US on an ongoing basis
- Develop compliance programs including that of BSA/AML/OFAC/FinCEN and forming policies for various departments and functions
- Convene the policy review committee meeting for development, review and enhancement of all compliance related policies and procedures to be headed by the CE US Operations
- Perform or coordinate, as appropriate, the annual compliance review of U S Center as well as “New York Branch’s policies and procedures by forming and updating on an ongoing basis taking in to account Branch line of business, changes in the Bank Secrecy Act (BSA), AML laws and other applicable compliance related regulations requirements
- Review other policies of functional departments and clear them from the compliance perspective
- Establish and maintain a compliance communication process and communicate any changes in the law or regulations on compliance matter for the bank including BSA/AML/OFAC to Branch personnel/Head Office in a timely manner
- Advise management on emerging examinations and compliance issues, changes in the law, regulations administrative rulings and Treasury, FRB and other applicable interpretations
- Prepare and distribute monthly Regulatory highlights, Provide advice on banking laws and regulations to business and logistics functions in assessing applicability to new and existing business needs
- Maintain daily regulatory tracking database
- Maintain a compliance library and other source of information (e.g
- Internet) relevant to laws and regulations affecting the Bank.
Compliance Supervisor
Canara Bank New York Branch
09.2015 - 02.2016
- Verification of LC Transactions (Advising/Confirming/Issuing/Negotiation/Acceptance discounting for KYC/BSA/OFAC/AML compliance), Rollover of BC Transactions, and getting approval of compliance officer, which includes OFAC Check, Anti-boycott regulations, Negative News Check, Nature of business check, price check
- ACE approval/recommendation and CEO approval for each transactions wherever necessary as per procedure and policies
- To ensure advising of LCs by XMM or through hardcopy depending upon RMA Key arrangement
- To ensure the BC/LC transactions are entered into the FCUBS system and authorization of these transactions in the FCUBS System after confirming the accuracy and correctness
- To ensure the Creation of digital copy of the records and storing the records in a secured digital drive
- Generating the required reports from time to time from the FCUBS system and Business Objects reporting system and verification of data integrity, interest checking, commission checking
- Authorization of liquidation transactions in the FCUBS system
- To Verify/Authorize Interest Advices/Overdue Notices to the BC Transactions in XMM
- To rectify the documentation defects, inaccuracies in system and procedure as identified by the Auditors/Regulators
- To ensure maintenance of an up-to-date record / back papers for all transactions enabling the production of internal reports, through systems like FCUBS
- Generate all the FCUBS mandatory reports
- To attend Internal, Concurrent Audit remarks/observations
- Follow-up and ensuring liquidation of each transaction on due date
- Attending to onsite inspection observations of the regulators
- Follow-up for collection of charges in respect of LC related transactions.
Customer Associate Representative
HSBC Bank
07.2014 - 08.2015
- Processed daily transactions payments for credit card, Mortgage, Line of credit
- Established new customers’ accounts including checking, savings, lines of credit and loans
- Balanced daily cash deposits and bank vault inventory with a zero error rate
- Issue Official checks, Wire Transfers domestic / international
- Examined checks for identification and endorsement
- Maintained confidentiality of Bank records and client information
- Delivered prompt, accurate and excellent customer service
- Maintain CTR, SAR, CDD, Regulations
- Maintain BSA/AML policy.
Operation Associate
SAFRA National Bank of New York
08.2013 - 06.2014
- FX transactions, payments, settlement with the daily rates
- FX bank transfers / client transfers / print and distribute SWIFT
- Responsible for Wire Transfers logs for audit purpose
- Executing OFAC through Prime compliance Suit
- Maintain familiarity BSA act, payment sanction monitoring requirement (OFAC)
- Issue Official checks as per request
- Remote checks accept, analyze generate reports for the day
- Branch teller back up, maintain cash vault log daily.
Financial Service Associate
Queens County Savings Bank
08.2013 - 07.2013
- Open new accounts for customers
- Responsible for Wire Transfers
- Research and resolve customer issues on personal savings, checking and lines of credit accounts
- Exam checks for identification and endorsement
- Deliver prompt, accurate and excellent customer service
- Maintain Customer Due Diligence, OFAC, BSA/AML.
Sr. Financial Service Associate
Citi Bank N.A
05.2007 - 02.2013
- Managed opening and closing times for the main branch
- Processed sales referrals and promoted bank services and products, resulting in 100% branch sales increase
- Foreign Exchange currency for Euros, Canadian Dollars, Sterling, Swedish and Indian currencies
- Established new customers’ accounts including checking, savings, lines of credit and loans
- Balanced daily cash deposits and bank vault inventory with a zero error rate
- Processed cash withdrawals
- Trained employees on cash drawer operations
- Researched and resolved customer issues on personal savings, checking and lines of credit accounts
- Examined checks for identification and endorsement
- Entered member transaction data into the online banking software
- Reported daily averages and shortages to the operations department
- Supplied tellers with coin and currency as needed
- Maintained confidentiality of Bank records and client information
- Directed specific questions to appropriate branch personnel
- Delivered prompt, accurate and excellent customer service
- Maintain OFAC, CTR, SAR, BSA/AML policy and procedure.
Education
Bachelor of Commerce -
India
Certified National Institute of Information Technology -
India
04.2005
Skills
- Legal Research
- Compliance Monitoring
- Internal Auditing
- Anti-Money Laundering
- CIP, KYC, EDD
Languages
Hindi
Timeline
Compliance Supervisor
Canara Bank New York Branch
02.2016 - Current
Compliance Supervisor
Canara Bank New York Branch
09.2015 - 02.2016
Customer Associate Representative
HSBC Bank
07.2014 - 08.2015
Operation Associate
SAFRA National Bank of New York
08.2013 - 06.2014
Financial Service Associate
Queens County Savings Bank
08.2013 - 07.2013
Sr. Financial Service Associate
Citi Bank N.A
05.2007 - 02.2013
Bachelor of Commerce -
India
Certified National Institute of Information Technology -
India
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