Nipun Vaid
Mississauga
Summary
Seasoned AML professional with 6 years of experience in US and Canadian federally regulated financial institutions. Specializes in AML risk management, regulatory compliance, investigative and quality control procedures. Deep expertise in the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and FINTRAC guidelines, as well as Suspicious Transaction Reporting (STR) requirements. Adept at leading high-performing teams, conducting complex case investigations, and quality check reviews while ensuring compliance with evolving regulatory frameworks.
Overview
9
9
years of professional experience
Work History
Senior AML Consultant
BMO
03.2024 - Current
- Conduct AML, Sanctions, ABAC, and Financial Crime investigations on high-risk clients, ensuring adherence to regulatory frameworks and risk management protocols
- Regularly monitor and analyze complex data from various detection systems, tools, and reports, to evaluate and investigate potential financial crime activities
- Document investigative actions and findings, maintaining detailed and accurate case files to support ongoing investigations and future reference
- Manage suspicious transaction reporting (STR) to FINTRAC, ensuring accuracy and compliance with regulatory reporting standards
- Conduct high risk investigations pursuant to regulatory orders, (focused on Production Orders & subpoenas), ensuring high quality and timely submissions
- Conduct in-depth investigations on high-risk case management queues pertaining to human and drug trafficking
- Stay updated on financial crimes risk trends, ensuring compliance with relevant regulations and industry standards
Senior Associate – AML
MUFG Investor Services
11.2022 - 01.2024
- Conducted thorough AML and end-to-end KYC reviews on new and existing hedge fund investors, ensuring compliance with regulatory requirements and internal policies
- Developed and maintained strong client relationships to source required KYC onboarding information and documentation and promptly addressed client queries
- Managed a high revenue-generating fund portfolio estimated at $25 million with clients like Blackrock, Glazer Capital, and Titan by implementing a robust AML routine and rapport development
- Successfully led a team of analysts, providing mentorship in client relationship management and driving the delivery of client-focused solutions
- Conducted quality checks on analyst case files, offering feedback to enhance AML/KYC investigative procedures ensuring regulatory accuracy and compliance
- Leveraged expertise to mentor and guide colleagues on daily tasks, processes, and deliverables, fostering a collaborative and efficient team environment
Senior AML Analyst
AML Rightsource LLC
06.2019 - 11.2022
- Conducted enhanced due diligence reviews for high-risk clients, including sanction-screened entities, politically exposed persons (PEPs), and clients with production orders, subpoenas and adverse media
- Successfully led AML remediation projects to completion for Washington federal bank, Washington Trust bank and Barclays bank by managing AML project training, daily team production, and client communication to ensure timely project delivery
- Performed quality checks on a broad range of money laundering investigations, primarily focusing on KYC onboarding and periodic refresh processes
- Led daily question period sessions for analysts to address queries and provide insights on project procedures, ensuring clarity and consistency in execution
- Oversaw team production and results, implementing strategies to enhance efficiency, streamline processes, and conducted quality control reviews to ensure high delivery standards
- Prepared and delivered comprehensive production and service reports to senior leadership and clients, offering actionable insights and recommendations
Associate Accounts Coordinator
EY
11.2015 - 08.2018
- Delivered account enablement support in partnership with Business Development Managers and Global Partners for accounts in private equity and automobile sectors
- Generated, measured, and reported on account revenue, pipeline opportunities, lapsed deals, and top-performing regions, driving a 12% growth in the automotive segment across Germany and Austria
- Developed a virtual mailbox assistant for the private equity segment, utilizing EY CRM tools to strengthen client relationships, leading to new account discussions and increased account value by $1.1 million
- Collaborated with the IT department to design and implement a cost-effective SharePoint platform, optimizing workflow efficiency and enhancing research analysis for the Private Equity sector
- Conducted in-depth industry trend analysis using primary and secondary research methodologies from reliable sources, including Bloomberg, national websites, trade associations, and expert interviews
- Monitored and reported key performance indicators (KPIs) regularly to maintain a current understanding of market trends and dynamics
Education
Master’s - international business
Amity University
07.2015
Bachelor’s - commerce
Jammu University
06.2013
Skills
- Research Tools Proficiency
- Money Laundering Risk Assessment
- Quality Assurance Reviews
- Project Management
- Compliance Regulation Management
Accomplishments
- Successfully led to the completion of AML remediation projects for Washington federal bank, Washington Trust Bank and Barclays bank.
- Successfully onboarded high revenue client, BlackRock, and led KYC processes on hedge fund investors.
Timeline
Senior AML Consultant
BMO
03.2024 - Current
Senior Associate – AML
MUFG Investor Services
11.2022 - 01.2024
Senior AML Analyst
AML Rightsource LLC
06.2019 - 11.2022
Associate Accounts Coordinator
EY
11.2015 - 08.2018
Bachelor’s - commerce
Jammu University
Master’s - international business
Amity University
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