Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
Generic

Asmita Chowdhury

Scarborough,Ontario

Summary

Detail-driven Compliance professional, with over 8 years of success in financial crime due diligence, operational risk assessment and control focused on maximizing company compliance with applicable laws and standards. Knowledgeable about internal controls, process evaluations and procedural reviews. Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals. Effective knowledge on Capital Market products, Correspondent banking relationship and Independence Compliance (Joint Business Relationship) along with regulatory policies in ASIA, EMEA, US and Canada region.

Overview

9
9
years of professional experience

Work History

Senior Compliance Associate

PwC
02.2022 - Current
  • Perform complex research and analysis to determine permissibility of over 100 Joint Business relationship in regards to independence and audit perspective
  • Monitor and maintained up-to-date new and existing JBR’s review with independence standards and firm’s policies and regulations to provide timely assurance.
  • Identified, investigated and obtained information and assessment of record, capturing evidence of permissibility of JBR.
  • Identified gaps in existing compliance processes and recommended updates.
  • Supervise work performed by acceleration staff and Operations team supporting JBR reviews, by providing feedback and develop effective line management relationship to ensure strong understanding of process.
  • Collaborating with business partners and stakeholders to drive compliance integration and innovation efforts and development of JBR process and PwC.

Production Lead

PwC
07.2021 - 01.2022
  • Tracked daily production and drive teams of 7 analysts to meet and exceed quality work, address team concerns and support employees by accurately tracking time and proactively resolving any conflicts.
  • Planned, scheduled, and delegated daily work to team of employees.
  • Organize, prepare, and review production and quality data and prepare feedback files to monitor team progress, publish reports on team calls for process improvement
  • Collaborated with other departments to optimize production workflows and maintained quality assurance and client satisfaction objectives.
  • Used problem-solving and issue-resolution skills to promptly and successfully address production problems.
  • Provided coaching to team and fostered an agile culture to deliver on strategic objectives along with training to key stakeholders on financial crime process

Senior Analyst

PwC
10.2020 - 06.2021
  • Reviewed over 50 new prospect KYC documents to meet requirements and determine business model risk for Global Trade & Banking clients based on Canada & US regulations
  • Determined customer risk ratings based on analysis and research findings.
  • Performed periodic reviews and reports on merchants to comply with rules, regulations and KYC requirements (bribery and corruption, Fraud, CTF, PEP’s Global Sanction lists and OFAC)
  • Interpreted evidence from multiple tools and systems to determine legitimacy of customer behavior.
  • Prepared high-risk reviews with results and recommendations for customer onboarding, closure and retention.
  • Educated staff on anti-money laundering and financial crimes to escalate concerns to senior members of PSR team.

KYC Analyst

Scotiabank
05.2020 - 10.2020
  • Performed periodic reviews and reports on merchants to comply with rules, regulations and KYC requirements mainly for Capital market clients, based on FINRA regulations
  • Successfully executed review documents by identifying client’s ownership structure, individuals with controlling functions and institutional documentation to detect PEP/ adverse/ Sanction related news as classified on policies and procedures
  • Effectively performed due diligence on identified sanctioned/negative news and escalated to Advisory team by provided quality analysis reports
  • Offered internal support for audit, compliance and reporting activities and adjusted end-to-end KYC process needs to align with workforce capabilities.
  • Prepared high-risk reviews with results and recommendations for customer onboarding, closure and retention.
  • Complied with internal controls and government regulations.

Loan Operations Specialist

HSBC
12.2018 - 07.2019
  • Processed over 200 syndicated loans on new deal closing for US based clientele ensuring 100% error free setup in database records in Loan IQ system
  • Identified key risk factors and scrutinized complex loan documentation from executed credit agreements ensuring high levels of due diligence and conditions precedent are met prior to funding
  • Reviewed and validated details of loan applications and closing documentation.
  • Prepared multiple status reports to update business information & communicated within business and internal teams on weekly basis
  • Proved successful working within tight deadlines and a fast-paced environment.
  • Offered friendly and efficient service to customers, handled challenging situations with ease.

CDD Specialist

Standard Chartered Bank
09.2015 - 12.2018
  • Performed risk-based analysis and remediation for business and consumer accounts per banking guidelines.
  • Interacted with compliance representatives to assess potential unusual activity and communicated with various business units to obtain necessary information for investigations.
  • Led and effectively managed projects on FATCA, CRS for over 500+ customers from business, requirement gathering and updating static data in system maintain high level of accuracy
  • Created and implemented additional due diligence checklist for error free account setup and held responsible to provide training to all team members

KYC Analyst

Nomura Financial Services
03.2014 - 04.2015
  • Conducted periodical reviews on EMEA clients based on domicile country, nature of business, client type in line with FCA guidelines & CIP requirements leading to successful identification of client risk rating
  • Analyzed and investigated clients to conduct detailed customer due diligence and enhanced due diligence review.
  • Researched and verified parties involved in suspicious activities and transactions against various databases such as LexisNexis and World-Check.
  • Liaised with Sales Integration Team for Annual report, Director list, & UBO’ source and liaised with relationship managers to receive missing information & complete high-quality diligence

Education

MBA - Management (Finance and Human Resources

Icfai Business School
Mumbai, India
02.2014

Bachelor of Accounting - Accounting & Finance

University of Calcutta
Kolkata, India
07.2011

Skills

  • KYC/KYB/AML/ EDD, Sanction Advisory
  • Compliance Reviews
  • Investigation Skills
  • Anti Money Laundering (AML)
  • Quality Control Standards
  • Financial Due Diligence
  • Effective Time and Relationship Management
  • Detail Oriented with critical thinking
  • Strong Analytical skills

Accomplishments

  • Awarded “Most Determined” Value for providing effective client services as a recruit (March 2019)
  • Awarded “The Rising Star” for providing exceptional performance in account setup with accuracy and efficiency (May 2018).
  • Awarded “Best New Joiner” for successfully completing KYC gap analysis report over 100+ customers (July 2017)

Timeline

Senior Compliance Associate

PwC
02.2022 - Current

Production Lead

PwC
07.2021 - 01.2022

Senior Analyst

PwC
10.2020 - 06.2021

KYC Analyst

Scotiabank
05.2020 - 10.2020

Loan Operations Specialist

HSBC
12.2018 - 07.2019

CDD Specialist

Standard Chartered Bank
09.2015 - 12.2018

KYC Analyst

Nomura Financial Services
03.2014 - 04.2015

MBA - Management (Finance and Human Resources

Icfai Business School

Bachelor of Accounting - Accounting & Finance

University of Calcutta

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Asmita Chowdhury