VASUDHA BRAR
Mississauga,ON
Summary
Experienced regulatory compliance professional with over 7 years of expertise in advisory roles within the financial services sector. Skilled in managing regulatory compliance for new lines of business in high-volume, innovative organizations within financial services and banking. Proven track record of leveraging control systems to ensure business adherence to applicable laws, regulations, and network requirements. Proficient in collaborating with internal and external stakeholders to create a culture where compliance enhances business solutions and advances operational practices.
Overview
18
18
years of professional experience
1
1
Certification
Work History
Compliance Analyst
MIZUHO BANK Ltd.
05.2021 - 09.2023
- Conducted Customer Due Diligence and Enhanced Due Diligence
- Managed transaction monitoring and investigated alerts using Prime Compliance Manager
- Updated Bank Policies and Procedures in timely manner
- Ability to communicate effectively with internal and external stakeholders
- Worked with IT teams to implement and test new processes, enhancing operational efficiency
- Monitor and interpret FCAC regulations, ensuring the company's operations are in compliance.
Senior Compliance Analyst
SBI CANADA BANK
06.2018 - 05.2021
- Reviewed sources for new regulations, informing other departments about industry guidelines and requirements, leading to a reduction in regulatory violations
- Developed business procedures and prepared reports, resulting in an improvement in operational compliance
- Ensured company operations were in accordance with industry regulations and standards, reducing compliance breaches
- Participated in the audit conducted by Regulatory Agencies OSFI and FINTRAC, resulting in an improvement in audit outcomes.
Junior Compliance Analyst
SBI CANADA BANK
06.2016 - 05.2018
- Prepared and submitted Anti-Money Laundering reports like EFTRs, LCTR, and STR, resulting in a reduction in reporting inaccuracies
- Generated Patriot Officer batches and monitored transactions for automated alerts, leading to an increase in the detection of potential compliance breaches
- Prepared and submitted reports like OSFI 525 and OSFI 590, improving report accuracy
- Maintained name scans on a weekly basis using Lexis Nexis, ensuring a reduction in false positives
- Provided support to branches and other business functions, reducing the risk of compliance breaches.
Financial Advisor
HDFC Bank Pvt. Ltd.
11.2010 - 04.2014
- Successfully acquired new customers on an ongoing basis, resulting in an increase in the customer base
- Achieved personal sales activity goals by identifying and satisfying customer needs, increasing sales revenue
- Took ownership of client problems, responded with empathy, and delivered satisfactory solutions, leading to an improvement in customer satisfaction.
- Called customers and provided need-based products, leading to an increase in cross-selling success
- Assessed customer financial needs and provided effective solutions, resulting in an increase in customer satisfaction.
Acquisition Manager
Deutsche Bank
04.2006 - 10.2010
- Maintained and grew the customer portfolio, increasing customer retention
- Successfully promoted financial products, insurance, and investments, resulting in an increase in product sales
- Organized customer meetings to identify potential customers, contributing to an expansion of the customer base
- Built strategies for Customer Relationship Management, improving customer engagement
- Organized events and promotional activities for the branch, increasing branch visibility and customer footfall.
Investment Associate
Standard Chartered Bank
05.2005 - 03.2006
- Effectively assessed customer financial needs and provided solutions, specializing in wealth management, mutual funds, bonds, and forex products, resulting in an increase in product sales and customer satisfaction.
Education
Post Graduate Diploma in Marketing, International Business & IT (Equivalent to an MBA) -
Indian Center for International Business
01.2005
Bachelor of Commerce -
Government College for Women, Jammu University
01.2002
Skills
- Risk Management
- Regulatory Reporting
- Training and Development
- KYC and Enhanced Due Diligence
- Transaction Monitoring
- Software and Systems
- Handling Customer Complaints
- Audit and Regulatory Agencies Interaction
- Updating Bank Policies and Procedures
Certification
- ACAMS (Certified Anti-Money Laundering Specialist)
- Certified in Standard First Aid& CPR/AED Level C (Blended), Canadian Red Cross
Affiliations
Member of Health and Safety Committee of the Bank
Personal Information
Title: COMPLIANCE ANALYST
Timeline
Compliance Analyst
MIZUHO BANK Ltd.
05.2021 - 09.2023
Senior Compliance Analyst
SBI CANADA BANK
06.2018 - 05.2021
Junior Compliance Analyst
SBI CANADA BANK
06.2016 - 05.2018
Financial Advisor
HDFC Bank Pvt. Ltd.
11.2010 - 04.2014
Acquisition Manager
Deutsche Bank
04.2006 - 10.2010
Investment Associate
Standard Chartered Bank
05.2005 - 03.2006
Post Graduate Diploma in Marketing, International Business & IT (Equivalent to an MBA) -
Indian Center for International Business
Bachelor of Commerce -
Government College for Women, Jammu University
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