Manjit Sehmi

Compliance Director & Mlro @Blabla Connect Limited

London, GB

Key Responsibilities:• Conducting analysis of existing processes and policies, re-writing and improving where required• Continual development of procedures within the compliance function• Dealing with documentation requirements for clients, relating to AML, KYC, legal documentation and user permissions• Review and advise on processes to mitigate money laundering risk• Advise the board and relevant staff on AML matters• Review systems and controls for effectiveness• Advise senior management on risks impacting the business• Re-write complaints policy and procedures• Review Suspicious Activity Reports (SAR) process and advise on improvements • Client on-boarding – ensuring full KYC and Customer Due Diligence is completed. • Managing with oversight of PEP, Sanctions and Transaction Monitoring alerts. • Managing and oversight of potential fraud risk associated with Debit card transactions • Managing SAR reporting process and documentation for the NCA and SAR register. • Assisting with maintaining and enhancing the Risk Management framework. • Regulatory engagement – responding to enquiries from the UK regulators (FCA) and banking counterparties. • Periodic reports to senior management and board • Assist with banking applications and on-boarding of third party suppliers and vendors • Vetting new employees to ensure suitability for compliance department