Summary
Overview
Work History
Education
Skills
Timeline
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Sarika Shukla

Sarika Shukla

Toronto,ON

Summary

Experienced MBA graduate with specialized training in financial management and strategic leadership. Certified Fraud Examiner (CFE) committed to upholding integrity and transparency in all aspects of financial operations with a strong background in the Financial Crime and Compliance domain with over 10 years of industry experience. Bringing forth a proven track record of observing and mitigating suspected money laundering incidents and risks, ensuring compliant regulatory reporting, preparing detailed reports for sound judgment, maintaining due diligence for each account as well as providing and meeting client support and expectations. Successfully led cross-functional teams and initiatives to optimize operational efficiency and mitigate risks.

Overview

10
10
years of professional experience

Work History

Senior Analyst 1

AML Right Source Canada INC
Toronto, Ontario
10.2022 - Current
  • Conducted real-time monitoring of transactions for potential suspicious activities, focusing on cryptocurrency transactions, adult services, and other high-risk sectors.
  • Developed and implemented transaction monitoring rules and scenarios tailored to detect money laundering, elder abuse, drug trafficking, and other financial crimes.
  • Performed investigations on flagged transactions, prepared SARs (Suspicious Activity Reports), and collaborated with law enforcement agencies as required.
  • Utilized analytical tools and software to identify patterns and trends indicative of illicit activities.
  • Contributed to the enhancement of compliance policies and procedures to ensure alignment with regulatory requirements.
  • Participated in new client onboarding and contract renewal processes, conducting due diligence on contract performance and recommending adjustments to better meet client needs.

Financial Crime Specialist

Wells Fargo India Solution Pvt Limited
Bengaluru, India
01.2021 - 09.2022
  • Performed Sanction screening on the international transactions and mitigating the risk associated with that by analyzing pattern behavior and following the guidelines of AML
  • Raised Request for Information for the clients needed for further investigation
  • Mitigated false positive hits by providing the rationale based on the scenario
  • Raised SARs after the thorough investigation of the transaction
  • Worked closely with IT and QC team in formulating quality frameworks and Quality tool.
  • Helped building a team by recruiting the proper resources, making plans and executed efficiently.

Advance Analyst/Subject Matter Expert

EY Global Delivery Services India LLP
Bengaluru, India
08.2019 - 01.2021
  • Performed periodic KYC reviews to ensure existing client information is valid and up to date by performing document gap analysis (DGA) by reviewing available documentation and evaluating information available publicly or through vendors for Global jurisdictions.
  • Re-mediating/ Refreshing KYC profiles to comply with latest policies and procedures as per the client and regulatory requirements and performing research using internal and external third-party sources.
  • Identifying stakeholders that fall under the SPF (Senior Political Figure)/ PEP (Politically Exposed Persons); collaborate with senior management to ensure all details of the SPF/PEP are accurately documented and approved.
  • Responsible for migrating EMEA region client to APAC region with updated policy and procedures of respective jurisdiction.

Process Associate- Quality Analyst

Tata Consultancy Services
Pune, India
05.2016 - 07.2019
  • Captured all Internal and External errors and understanding the changes/updates from client and cascaded to the team. Measured and reviewed the performance of the team and provide one to one feedback to ensure high quality and accuracy
  • Provided effective training and refreshers of the various modules as per the training plan to new joiners
  • Investigated and assessed the alerts for potential money laundering risks in the Bank. Investigated accounting documents of all departments and ensured compliance of each transaction with the set legal and ethical standards
  • Ensured efficient identification and monitoring of suspicious activities and transaction.

Analyst

India Info-line Financial Limited
Pune, India
08.2014 - 05.2016
  • Maintained and updated KYC & Client On Boarding
  • Performed Risk Categorization to classify the clients accordingly.
  • Performed Transaction Analysis to identify the fraud and anomaly.

Education

MBA - Finance

Pune University
05.2014

Bachelors in Engineering - Computer Science

CSVTU
05.2012

Skills

  • Risk Analysis & Risk Assessment
  • Decision Making
  • Fraud & Anomaly Detection
  • SAR / UAR & CTR Filing
  • Requirement & Evidence Gathering
  • Resource Planning & Staffing
  • Banking ethics knowledge
  • Sanction & PEP screening
  • Crime Trend Analysis
  • Verbal & written communication
  • Training and Quality

Tools and Technologies-

  • NORKOM
  • TOPAZ and CIF
  • FIRCOSOFT
  • RDC, FACTIVA, ACTIMIZE and WORLD CHECK
  • Lexis Nexis
  • PEGA & Full serve
  • GSMOS
  • SAS AML
  • SarGent and Regulator
  • Snowflake

Timeline

Senior Analyst 1

AML Right Source Canada INC
10.2022 - Current

Financial Crime Specialist

Wells Fargo India Solution Pvt Limited
01.2021 - 09.2022

Advance Analyst/Subject Matter Expert

EY Global Delivery Services India LLP
08.2019 - 01.2021

Process Associate- Quality Analyst

Tata Consultancy Services
05.2016 - 07.2019

Analyst

India Info-line Financial Limited
08.2014 - 05.2016

MBA - Finance

Pune University

Bachelors in Engineering - Computer Science

CSVTU

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Sarika Shukla