Jimit Shah
AML Compliance Professional/ Financial Crime Compliance
- Role
- Senior Regulatory Reporting Manager at IDFC FIRST Bank
- Location
- Mumbai, MH, IN
- LinkedIn followers
- 500 followers
About Jimit Shah
An astute professional with 12 years of experience in Banking Industry. Adept at performing assigned task effectively & efficiently.Proficient in handling team.
Experience
Senior Regulatory Reporting Manager
Jul 2023 — Present · Mumbai, IN
Project lead for Project FINNET 2.0 by FIU-IND. Pro-Actively involved in testing and implementing of new formats released by FIU-IND on Fingate 2.0. Responsible for liaising with AML IT & QDE (Compass Vendor) team for automation of regulatory reports (STR, NTR, CCR, CBWTR, CTR). Conducting UAT in lower environment and providing Sign-offs for Production Movement.Filing of mandatory reports to FIU-IND like Suspicious Transaction Report, Cash Transaction Report, Cross Border Wire Transfer Report, Counterfeit Currency Report, Non-Profit Organization Transaction Report.Conducting Variance Analysis, Trend Analysis, Transaction Analysis on the submitted reports to find anomaly, suspicion arising out of the submitted reports.Conducting Quarterly Validations to analyze the accuracy of the submitted reports, conducting the gap analysis for the miss outs and ultimately fixing it proactively. Have been actively involved in setting up the various framework, processes and preparing SOP’s related to LEA notices, SOP’s related to reporting NTR, CCR, CTR, CBWTR to FIU- IND.Official SPOC representing the Bank for Communicating & Co-ordinating with FIU-IND.Highlighting Data Quality Issues of the customer records maintained in the bank to Senior Management post rejection identification on the Fingate Portal.Reviewing and Approving of Product Notes (Both Annual/Periodic Review and New Products) from AML Transaction Monitoring & Regulatory Reporting Standpoint.Responding to audit findings and indents shared by Internal Audit and Operational Risk Management Team. Providing Regulatory Reporting Walk throughs.Addressing and responding to audit and Operational Risk Management (ORM) observations. Responding Governance SPOC with AML related data for onward submission to RBI SSM queries.
Education
Indian Institute of Banking and Finance
JAIIB
Ponsun Academy
Certified Trade Documents Investigator (CTDI), Banking and Financial Support Services
South Indian Education Societys College of Management Studies
MBA/PGDM , Finance
CDSL
CDSL DP Certification
Indian Institute of Banking and Finance
AML- KYC Certification
Ponsun Academy
Certified Anti Money Laundering Investigator (CAMI), Banking and Financial Support Services
IRDA
Composite IC 38 Certification
The Kelkar Education Trusts Vinayak Ganesh Vaze College of Arts Science and Commerce Mithagar R
Bachelors in Banking & Insurance
2009 — 2012
K J Somaiya College of Arts & Commerce Vidyanagar Campus Vidyavihar Mumbai 400 077
HSC, commerce
2007 — 2009
LTEHS
SSC
1998 — 2007
National Institute of Securities Markets (NISM)
Mutual Fund Distributor Certificate
Find verified contacts for anyone on LinkedIn
Unifers gives sales teams verified emails and direct dials, enriched profiles, and outreach that lands in the inbox.
Free plan included · No credit card required
This profile is compiled from publicly available professional sources. Unifers is not affiliated with or endorsed by LinkedIn. Request removal of this profile.