Ajay Agarwal

Vice President, Aml Compliance @Citi India

Mumbai, IN

Currently leading a team of 15 AML professionals working on transaction monitoring alerts, Law Enforcement notices, reporting Suspicious Transaction Report, Negative Media, Internal referrals, MIS reporting, projects, etc.2. Support/Manage timely revision of Internal procedures and Additional Documentation Requirements (ADR) with group company and continuous process improvements.3. To ensure a culture of teamwork and collaboration within and across teams, setting SMART goals for the team, conducting regular Team meetings and refresher trainings, executing work in accordance with Citi Policies, Standards and Procedures.4. Managing, Coordinating RBI Audit (RBS, RBA, Thematic), FIU-IND Audit, Internal Audit, Compliance Testing Audit, etc. and participating in regulatory discussions.5. Responsible for quarterly submission of Risk Based Approach (RBA) data to RBI, process automation, preparing Business Requirement Document (BRD) and performing User Acceptance Testing (UAT).6. Strong relationship with business, region and other stakeholders are strengthened through periodic, structured engagements and monitoring on agreed actions in a timely manner. Coordination with Relationship Manager’s to conduct field visit to validate client profiles.7. Managing AML India’s Manager’s Control Assessment (MCA) process, Corrective Action Plans (Issues / CAPs) and Regulatory Changes (RC).8. Senior Management reporting for AML Head, Governance forums, Business Risk Compliance Committee and for regional Governance & Oversight forums.9. Monitoring filing of regulatory reporting’s namely STR, CTR, NTR, CCR, CBWTR.10. Coordination of deliverables for the internal Law Enforcement team for 2 years and was successful in streamlining the process.11. Key Projects:a. Demonetizationb. Migration of L1 activity to Indiac. Payment Data Localizationd. GST Fraude. Election Dataf. Panama Papersg. Shell Companiesh. Payment Aggregator-Cross Border/OPGSP